Benzinga Bulls And Bears: ARM, Ford, GM And Analyst Predicts Tesla Shares Will Hit $400

Zinger Key Points
  • Why Tilray Brands CEO Irwin D. Simon's optimism about potential U.S. cannabis legalization.
  • A potential government shutdown in October could negatively impact defense contractors like Lockheed Martin and Boeing.

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

The Dow ended the week on a positive note, rising by 0.12%, while both the S&P 500 and Nasdaq experienced their second consecutive week of declines, dropping by 0.16% and 0.39% respectively.

Data from August revealed that while the core PPI remained stable, the overall figure exceeded projections. In contrast, the core CPI for the same month surpassed monthly expectations. Meanwhile, the latest survey from the University of Michigan indicated a decline in one-year inflation expectations to 3.1% for September, with the five-year forecast also decreasing to 2.7%.

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

"Is ARM A Buy After Record IPO? CEO Insights, Ongoing Lawsuit, And Financials," by AJ Fabino, covers ARM Holdings PLC's ARM recent IPO, which valued the company at $54.5 billion. ARM CEO Rene Haas discussed the company's future prospects and the ongoing lawsuit with Qualcomm Inc QCOM

"Tesla Stock To $400? Morgan Stanley's Jonas Boosts Price Target By 60% To Wall Street High," by Anan Ashraf, discusses Morgan Stanley's Adam Jonas raising his price target for Tesla Inc. TSLA to $400, citing the transformative potential of Tesla's custom supercomputer, Dojo, which could significantly expand the company's enterprise value and find applications beyond the automotive sector.

"Tilray CEO Bullish On Beer And Cannabis Legalization, Moves Closer To $4B Aspirational Goal," by Maureen Meehan, highlights Tilray Brands TLRY CEO Irwin D. Simon's optimism about potential U.S. cannabis legalization, emphasizing the company's readiness to introduce cannabis-infused beer, especially after acquiring eight beer brands from Anheuser-Busch BUD.

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

Short-Seller Titans Agree: Michael Burry, Citron Both Like This Stock

PayPal's Ex-President Advocates Transforming Bitcoin Into A Global Payment Network

Qualcomm's 5G Chip Deal With Apple: Stock Reversal In Sight?

The Bears

"UAW Strike Threatens Auto Suppliers and Michigan's Economy," by Chris Katje, highlights the ongoing strike by the United Auto Workers (UAW) against Ford Motor Co F, General Motors Co GM and Stellantis NV STLA, emphasizing potential repercussions on car prices and Michigan's economic stability.

"2 Major Sectors Will Likely Take The Hit If Government Shuts Down In October," by Natan Ponieman, discusses the potential government shutdown and its implications, highlighting that defense contractors like Lockheed Martin Corp LMT and Boeing Co BA, as well as energy contractors such as Aecom ACM, could face significant impacts.

"Billionaire Ray Dalio Shuns Bonds, Embraces Cash: What's Behind His Strategy?," by Piero Cingari, reports on Bridgewater Associates LP founder Ray Dalio's preference for cash over bonds amidst concerns of inflation and the global debt landscape. Dalio warns of the risks associated with mounting borrowings and the challenges central banks face in balancing interest rates.

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

Tesla Analyst With $24 Price Target Blasts Morgan Stanley's $400 Target: 'Where Is The Tech?

Nvidia CEO Jensen Huang Offloads More Shares Amid 211% Year-to-Date Rally In Stock

Beware: Your iPhone 15 Could Permanently Fry If Charged With The Wrong USB-C Charger

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

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: Long IdeasPenny StocksShort IdeasTrading IdeasBenzinga Bulls And BearsBulls And Bears
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!