Benzinga's Bulls And Bears Of The Week: Apple, GM, JetBlue, Lululemon, Tesla And More

  • Benzinga has examined the prospects for many investor favorite stocks over the past week.
  • The past week's bullish calls included airlines, Chinese EV makers and a consumer electronics giant.
  • An auto giant and a new exchange-traded fund were among the bearish calls that were seen.

The quarter-ending, holiday-shortened week concluded with the Nasdaq up 2.6% but the Dow Jones industrials only fractionally higher. The first quarter ended with the S&P 500 near record highs, and it was above 4,000 at week's end. The 10-year Treasury yield was up to about 1.7%.

The market seemed unconcerned about the prospects for a corporate tax hike and even appeared to like the White House's huge infrastructure spending plan. However, volatility increased last week, and the Russell 2000 index took a hit.

It seems chip shortages will be a problem for a while. An aerospace giant struggling to get back on its feet announced big orders last week, as did the leading electric vehicle maker. That EV maker also teamed up with the iPhone maker, though they won't be making cars together. There were rumors about new products from the latter though.

Furthermore, there was fresh good news about the COVID-19 vaccines, New York became the 15th state to legalize recreational marijuana, and a social media giant received good news from the U.S. Supreme Court.

Through it all, Benzinga continued to examine the prospects for many of the stocks most popular with investors. Here are a few of this past week's most bullish and bearish posts that are worth another look.

Bulls

In Melanie Schaffer's "Apple Options Traders See Upside Ahead," discover why some options traders are betting a bigger move to the upside is on the horizon for consumer electronics giant Apple Inc AAPL as it looks to enter the electric vehicle market.

Jayson Derrick's "Airline Stocks On Rebound? Analyst Says Take A Look At Alaska Air, Delta, Jet Blue, Southwest" discusses what rising travel demand means for JetBlue Airways Corporation JBLU and others.

"Why This Nio, Xpeng Analyst Is Bullish After Q1 EV Delivery Updates" by Shanthi Rexaline examines why Nio Inc NIO is poised for market share gains and what makes Xpeng Inc XPEV competitive.

In "Lululemon's Prospects Remain Fit," Jayson Derrick focuses on four key takeaways after the athletic apparel maker Lululemon Athletica Inc LULU posted better than expected quarterly results and offered a "great deal of color" on its outlook.

Johnson Controls International PLC JCI is poised for an "upgrade supercycle." So says Priya Nigam's "Morgan Stanley Upgrades Johnson Controls On Commercial Buildings Potential."

For additional bullish calls of the past week, have a look at the following:

Bears

Tesla Inc TSLA and other top Nasdaq stocks could suffer due to geopolitical tensions, according to "'Biggest Risk' Facing Apple, Tesla, Other Nasdaq Stocks? US-China 'Cold Tech War,' Says Analyst" by Shivdeep Dhaliwal.

In "Cathie Wood's Ark Space Exploration ETF Has 'No Reason' To Exist, Says Cramer," Madhukumar Warrier looks at why the noted CNBC host is so critical of the new ARK Space Exploration & Innovation ETF ARKX.

"General Motors Refutes Charge Of Ignoring Black-Owned Media For Advertising" by Phil Hall points out who has accused General Motors Company GM of practicing racial discrimination and why.

Vandana Singh's "Bristol Myers In Over $1B Tax Brawl After Accidental Disclosure Of Offshore Patents Setup: NYT" shows what the IRS has accused Bristol-Myers Squibb Co BMY of doing wrong.

In Wayne Duggan's "BofA Cuts Credit Suisse Price Target For Second Time In 3 Days" find out what has prompted the lingering uncertainty around Credit Suisse Group AG CS. Are big losses coming?

For additional bearish takes, be sure to check out these posts:

At the time of this writing, the author had no position in the mentioned equities.

Keep up with all the latest breaking news and trading ideas by following Benzinga on Twitter.

Photo by Burst from Pexels.

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: Long IdeasShort IdeasTrading IdeasAppleARK Space Exploration & Innovation ETFbristol-myers squibbCredit SuisseGeneral MotorsGMJetBlue AirwaysJohnson ControlslululemonLululemon AthleticaNIOTeslaXpeng
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!