Benzinga examined the prospects for many investors' favorite stocks over the last week — here's a look at some of our top stories.
Friday saw Wall Street wrapping up its most robust week since March with a subdued finale, as stocks slightly retreated. The Dow, the S&P and Nasdaq concluded the week with gains of 1.3%, 2.6% and 3.2% respectively.
Investors are wrestling with a sense of market buoyancy following the Federal Reserve's decision to hold off on interest rate hikes this month in light of softening economic indicators.
Although a rate hike could still be on the cards for July — given inflation continues to exceed the 2% benchmark — the market is celebrating the increasing probability that the Fed's tightening cycle is nearing its end.
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 Stock Is Up More Than 50% Over The Past Month: Why Jim Cramer Is Calling It 'The Princess Bride' Rally," by Adam Eckert, explains why Jim Cramer is calling Tesla Inc's TSLA stock surge in 2023 "The Princess Bride" rally, and how it relates to Elon Musk.
In "Netflix Password Rule Pays Off, Triggers Unprecedented US Subscriber Growth In Oversaturated Market," Anthony Noto writes that Netflix Inc. NFLX correctly predicted an increase in revenue and accounts coming from its clamp down on password sharing.
"AMD's AI Tech Premiere: Everything That Was Announced," by AJ Fabino, reviews Advanced Micro Devices, Inc's AMD Data Center and AI Technology Premiere, led by CEO Lisa Su, which introduced various innovations, including the AMD EPYC Bergamo processors.
For additional bullish calls of the past week, check out the following:
The Bears
In "Why This Apple Analyst Is Downgrading The Stock As It Hits All-Time Highs," Chris Katje explains why a UBS analyst downgraded Apple Inc's AAPL stock, even though shares hit all-time highs following the company's WWDC event.
"JPMorgan Chase Warns Of A SEC Tsunami Sweeping The Industry As Crypto Titans Binance, Coinbase Battle Regulator," by Murtuza Merchant, details JPMorgan's warning to the crypto sector following the SEC's lawsuits against Binance BNB/USD and Coinbase Global Inc COIN.
"Nvidia Insiders Continue To Sell Shares After Hitting All-Time Highs, $1 Trillion Market Cap: What Investors Should Know," by Chris Katje, reports that Nvidia Corporation NVDA insiders are selling off their shares of the company as the stock hits all-time highs.
For more bearish takes, be sure to see these posts:
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