Meta, Netflix, Robinhood and Why Jim Cramer Sold All Bitcoin, Ethereum: Bulls And Bears Of The Week – Tesla (NASDAQ:TSLA)
Benzinga examined the outlook for many investors’ favorite stocks this past week – here’s a look at some of our top stories.
After two positive weeks for the markets, the major indexes gave back those gains this week. The S&P 500 ended down 3.37%, the Nasdaq Composite fell 3.99%, and the Dow Jones Industrial Average closed 2.77% lower for the week.
On Friday, the US Labor Department reported a 7.4% increase in the producer price index for the month of November, down from a peak of 11.7% in March, but above a 7.2% increase expected by economists.
Investors are now awaiting the Federal Reserve’s decision to raise interest rates next week. Cool chair Jerome Powell recently said the central bank may begin moderating the pace of rate hikes “as soon as the December meeting,” but the central bank is likely to maintain its course of tightening monetary policy.
Benzinga continues to examine the outlook for many of the stocks most popular with investors. Here are some of the most bullish and bearish posts of the past week that are worth a look.
The Bulls
“Is Elon Musk Unwittingly Helping Mark Zuckerberg? Why This Meta-Analyst Can See Stocks Doubling in Months,” by Shanthi Rexaline, Explains Why Empirical Financials Whitney Tilson expect shares of Meta Platforms Inc META to continue climbing after bouncing off the bottom from November 4.
In “Robinhood Pivots From Day Trading With New Offering As Millennials, Gen Z Age Out” AJ Fabino describes a new product from Robinhood Markets Inc HOOD which allows customers to register an Individual Retirement Account (IRA), which will become fully available in January 2023.
“Netflix Co-CEO Doesn’t See TikTok, YouTube and Instagram as Competition: ‘The Way People Got Excited About Wednesday…’,” by Ananya Gairola, outlines why Netflix Inc NFLX co-managing director Ted Sarandos do not see YouTube, TikTok or Spools as competitors to the electricity giant.
For more bullish calls from the past week, check out the following:
Apple Car can single-handedly solve growth challenges and make up 25% of the Tech Giant’s business, says Munster
Target Bull Drops Shares to Buy Shares in This Retailer After ‘Overreaction’ to Earnings
Reddit Co-Founder Alexis Ohanian Prints Naughty Tweets and Screenshots: How He Uses Them for Motivation
The bears
“Elon Musk, in rare move, says this Tesla rival is ‘not long for this world,'” by Shanthi Rexaline, reporting on comments by Tesla Inc TSLA CEO Elon Musk that electric cars compete Lucid Group Inc LCID may not be in business much longer after a dip in bookings in the third quarter.
In “Jim Cramer Says Crypto Is A ‘Gigantic Con’: Why He Sold Bitcoin, Ethereum Near The Top,” Adam Eckert describes why Jim Cramer sold all his Bitcoin BTC/USD and Ethereum ETH/USD along with his concerns for the entire sector.
“EQT, Halliburton Lead Energy Shares Lower As Russian Oil Embargo, Price Caps Kick In,” by Wayne Duggan, reports on how oil giants like EQT Corp EQT and Halliburton Company HAL saw share prices fall this week after a new EU oil embargo against Russia.
For more bearish take, be sure to see these posts:
Why is Tesla stock taking such a beating? Analyst points to Elon Musk retirement rumors, Twitter load and more
Amazon Leads Market Lower, Warning Signs Flash Bears Still in Control: What’s Next?
Jamie Dimon says inflation could ‘derail the economy’ and cause a recession in 2023 as rising prices cannibalize consumer savings
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