Benzinga Bulls And Bears: Nvidia, Tesla, Trump's DWAC And TikToker's 2021 Shiba Inu Sale Results In $225M Miss

Benzinga examined the prospects for many investors' favorite stocks over the last week — here's a look at some of our top stories.

It was a bumpy ride on Wall Street, as the Dow Jones Industrial Average experienced a 0.45% decline, while the S&P 500 index rose by 0.8%. The Nasdaq Composite had the best week among the three indexes, surging by 2.3%.

On Friday, stocks experienced a boost as market participants responded positively to remarks from Federal Reserve Chairman Jerome Powell during the annual gathering in Jackson Hole, Wyoming. Powell highlighted anticipated stronger economic growth, emphasizing the vigor in consumer spending and initial recovery indicators in the housing sector. He underscored the Federal Reserve's dedication to bringing inflation back to its targeted 2% mark.

Benzinga provides daily reports on 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.

The Bulls

"Exclusive: Why Does Cathie Wood Think Bitcoin Is Going To $1 Million? What Does She Know That We Don't?" by Chris Katje, delves into Ark Invest Founder Cathie Wood's bullish stance on Bitcoin BTC/USD, predicting its potential rise to $1 million within the next five to seven years, emphasizing its role as the first global, private, digital, rules-based monetary system.

"Nvidia's Q2 'Drop The Mic' Moment Potentially Igniting A Tech Rally That Will Continue Into The Rest Of The Year: Analyst" by Shanthi Rexaline, details Wedbush analyst Daniel Ives' perspective on Nvidia Corp's NVDA outstanding Q2 results, describing them as a significant moment for the tech sector, indicative of the rising AI demand.

"TikToker Who Sold $2K Worth Shiba Inu in 2021 Could've Had $225M Today If He Held On To Dogecoin" by Mehab Qureshi, reveals how TikToker Damien Soylash missed out on turning a $2,000 investment in Shiba Inu SHIB/USD into $225 million by selling early.

For additional bullish calls of the past week, check out the following:

• Mark Zuckerberg Shares 'Actual Footage' Of Him Building Threads For Web And The Internet Thinks It's Fake
• The Altcoin All-Star: Which Coin Will Make You Richest Before Bitcoin Halving?
• How Many Cybertruck Reservations Are There? Tesla Fans Predict A Staggering Total Ahead Of Launch

The Bears

"China's Rate Change Causes Market Panic, Big Dive In Hong Kong Stocks" by Piero Cingari, discusses the People’s Bank of China's decision to cut its 1-year loan prime rate by 10 basis points, leading to market uncertainty and a big drop in the Hong Kong's Hang Seng Index, which is tracked by the iShares MSCI Hong Kong Index Fund EWH.

"Tesla's Biggest Risk Right Now? Analyst Says This Could Crash 2023 EPS By Up To 35% Below Estimates" by Shanthi Rexaline, highlights Future Fund Managing Partner Gary Black's concerns about Tesla Inc's TSLA potential configurator price cuts, which could lead to a 35% reduction in the company's 2023 earnings and a 27% reduction in 2024 earnings.

"Trump SPAC Deal Nears End Days: Will Sept. 5 Mark Its Demise?" by Chris Katje, details the looming Sept. 8 deadline for the Trump Media & Technology Group and Digital World Acquisition Corporation DWAC merger, which is at risk of liquidation if a Sept. 5 shareholder vote doesn't approve an extension.

For more bearish takes, be sure to see these posts:

• Is Nvidia Overpriced? Cathie Wood's Ark Invest Points To 3 Other Stocks
• 'Magnificent 7' Tech Bubble To Burst With 'Higher-For-Longer' Rates, Top Wall Street Analyst Warns
• S&P Slashes Ratings Of 5 US Regional Banks Facing Growing Challenges

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