Zinger Key Points
- A Morgan Stanley analyst reiterated of an Overweight rating on Disney, highlighting its new cost-saving targets.
- Italian authorities seizing approximately $835 million from Airbnb amid allegations of tax evasion.
Benzinga examined the prospects for many investors' favorite stocks over the last week — here's a look at some of our top stories.
The stock market experienced a major uptick on Friday, marking the second week in a row of overall gains. The S&P 500 increased by 1.3% for the week, and the Dow Jones Industrial Average grew modestly by 0.7%. The Nasdaq was the best performer of the three major indexs, climbing by about 2.4% for the week.
In contrast, Moody's Investors Service revised the U.S. government's credit outlook from stable to negative, citing concerns over the country's fiscal management amid rising interest rates and significant deficits. This revision followed Federal Reserve Chair Jerome Powell's speech on Thursday, which was perceived as relatively hawkish, causing a shift in investor expectations regarding rate cuts in 2024.
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
"Tesla Is Back: Jim Cramer Expects Stock Rally, Elon Musk to Outsmart UAW's Fain," by Adam Eckert, reports on Jim Cramer's prediction of a rally in Tesla Inc. TSLA stock to $300, despite recent challenges and unionization efforts.
"Dogecoin to Dash Towards $1? This Crypto Analyst Hardly Thinks So, But Sees DOGE Surging," by Mehab Qureshi, discusses how crypto analyst Kaleo predicts a surge in Dogecoin DOGE/USD to 20 cents, despite not foreseeing it reaching $1.
"Morgan Stanley Says Walt Disney Is Rebuilding Profitability And Not Sitting Still," by Shivani Kumaresan, reports that a Morgan Stanley analyst reiterated an "Overweight" rating on Walt Disney Company DIS, highlighting its return to FY18 operating cash flow levels and new cost-saving targets.
For additional bullish calls of the past week, check out the following:
Why This Lucid Analyst Is Bullish On The EV Maker Despite Q3 Disappointment
Can DraftKings Hold The Crown? Analyst Predicts Big 2026 Revenue Goals, Market Share Expansion
The Bears
"Plug Power Flashes 'Going Concern' Warning Following Downbeat Q3 Results, Stock Sinks Over 25%," by Shanthi Rexaline, reports on Plug Power, Inc. PLUG facing a significant stock drop and liquidity concerns, raising doubts about its ongoing viability following disappointing Q3 results.
In "Airbnb Hit With Mammoth $835M Seizure In Italian Tax Evasion Crackdown," Piero Cingari writes that Italian authorities seized approximately $835 million from Airbnb Inc. ABNB amid allegations of tax evasion related to unpaid withholding taxes on rental revenues.
"Crypto Exchange Giant Coinbase Gets The Axe In Kazakhstan's Regulatory Crackdown," by Murtuza Merchant, reports on Kazakhstan's blocking of Coinbase Global Inc COIN, the world's second-largest crypto exchange, due to alleged violations of the country's digital assets law.
For more bearish takes, be sure to see these posts:
Fed's Barkin Warns 'There Is More Inflation To Come,' Calls For Decisive Economic Slowdown
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