Apple, Meta, Rivian and Crypto Expert Predict When Bitcoin Will Return to All-Time High: Benzinga Bulls And Bears
Benzinga examined the outlook for many investors’ favorite stocks this past week – here’s a look at some of our top stories.
All three major indices ended the week higher. The Dow experienced its fourth straight week of gains, rising 1.2%. At the same time, the S&P 500 and Nasdaq achieved their fourth positive week in the last five weeks. The broad market index saw a weekly increase of 0.79%, while the Nasdaq rose 0.29% for the week.
On Wednesday, the Labor Ministry announced that the consumer price index (CPI) rose 5% in March, down from the 6% increase in February and below the expected 5.2% increase predicted by economists. Core CPI inflation, which excludes the more volatile food and energy prices, stayed in line with economist estimates of 5.6% for March.
Benzinga provides daily reports on the stocks that are most popular with investors. Here are some of the most bullish and bearish posts of the past week that are worth a look.
“Warren Buffett explains why Apple stock is an extraordinary investment,” by Adam Eckert, describes the reason for the billionaire Warren Buffett Has made Apple Inc AAPL 43.5% of Berkshire Hathaway Inc (NYSE: BRK-A) (NYSE: BRK-B) portfolio.
In “Looking for risk-free investments? Look past gold, dollar to these stocks, analyst says,” Shanthi Rexaline describes why one analyst believes Meta Platforms Inc META, Microsoft Corp MSFT, Amazon Inc AMZN and Alphabet Inc GOOGLE GOOG has become the “new security trade”.
“Here’s How Long Before Bitcoin Hits New Highs, According to the Man Who Almost Called the Bottom,” by Adam Eckert, reveals Galaxy Digital Holdings Ltd (OTC: BRPHF) managing director Mike Novogratz’s prediction of how soon Bitcoin BTC/USD will return to all-time highs.
For more bullish calls from the past week, check out the following:
Tesla Shocks Automotive industry: overtakes Mercedes-Benz, Toyota to become world’s most valuable car brand
DeSantis can’t stop Disney from moving higher on a break at this level: The Bull, Bear Case
EXCLUSIVE: Uber says it has three important social impacts with weed deliveries
The bears
“Piper Sandler Downgrades Rivian Automotive, Cuts Price Target 76%: ‘Frugality Matters More Than Ambition’,” by Wayne Duggan, details the reason a Piper Sandler analyst downgraded Rivian Automotive Inc TORN from “Overweight” to “Neutral” and cut his price target on the share.
In “Did Jim Cramer Just Jinx Boeing With His ‘Truly Unbelievable’ Comment?” Shanthi Rexaline writes that CNBC Mad Money is hosted Jim Cramer may have jinxed Boeing Co B.A by describing the company as “truly incredible”.
“If the S&P 500 Falls, These 5 High-Beta US Stocks Will Likely Underperform,” by Piero Cingari, looks at the five highest-beta stocks relative to the S&P 500, including NVIDIA Corp NVDA and Shopify Inc SHOPwhich could fall more than the S&P 500 if the market reverses.
For more bearish take, be sure to see these posts:
Coinbase Fails to Catch Bitcoin’s $30K Rally, Analyst Predicts Near 60% Downside
Shock for stocks: Traders are betting on another Fed rate hike in May after strong jobs data
TSMC Seeks Clarity: US Chips Act Subsidy Concerns Lead to High Stakes Discussions
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