Benzinga examined the outlook for many investors’ favorite stocks this past week – here’s a look at some of our top stories.
The trading week ended on a negative note for all major market indexes, ending the Dow’s four-week rally as it fell 0.23%. The Nasdaq saw the biggest decline, falling 0.42%, while the S&P also retreated 0.1% for the week.
On Friday, LPL Financial’s global strategist Quincy Krosby expressed concern over the growing number of red flags for the US economy and suggested that the coming week could be crucial for investors.
Among the warning signs are the Conference Board’s LEI indicating a potential recession, a softer labor market, stressed lending conditions in several districts, stagnant crude oil prices and the impending deadline for the debt ceiling in the US, all of which contribute to increased economic uncertainty.
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.
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The Bulls
“As ‘Smoke Clears’ At Bed Bath & Beyond, Jim Cramer Sees Target On Top,” by Adam Eckert, describes why Jim Cramer thinking the passing of Bed Bath & Beyond Inc (NASDAQ:BBBY) will be a boost for Target Corp (NYSE:TGT).
In “Coinbase CEO predicts staggering number of crypto users within 10 years,” Mehab Qureshi writes that Coinbase Global Inc (NASDAQ:COIN) CEO Brian Armstrong predicts that two to three billion people will use crypto-like Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) within a decade.
“Cathie Wood Has New Price Target for Tesla Shares as Ark Models Nearly 1,230% Up Over 4 Years,” by Shanthi Rexaline, outlines why Tesla, Inc. (NASDAQ:TSLA) bull Cathie Wood‘s Ark Invest estimates that the electric car maker’s stock will reach $2,000 in 2027.
For more bullish calls from the past week, check out the following:
Zuckerberg Splurges: Meta VR Developer Annual Salary More than the average American worker earns in 10 years
Why Jim Cramer Says Bank of America Just Reported Its ‘Best Quarter Ever’
Bernstein predicts crypto dominance: FTX’s fall paves the way for Bitcoin and Ethereum explosion
The bears
“Boeing’s ‘worst enemy’ is itself: analyst breaks down latest 737 Max problems,” by Wayne Duggan, looks at why a Bank of America analyst remains on the sidelines at Boeing Co (NYSE:BA) stock as the company continues to trip over its own feet.
In “DeSantis vs. Disney Battles Heats Up: Presidential Candidate Considers Putting Jail Next To The Most Magical Place On Earth” Chris Katje describes the latest chapter in the escalating feud between Florida Gov. Ron DeSantis and the media giant The Walt Disney Co (NYSE:DIS).
“Rivian Analyst Halves Price Target on Catalyst Concerns, Sees Longer-Term Potential as Electrification Moves into Overdrive,” by Adam Eckert, explains why an RBC Capital analyst is out and warns that Rivian Automotive Inc (NASDAQ:RIVN) has run into a short-term roadblock on the road to profitability.
For more bearish take, be sure to see these posts:
Nio falls in favor with Tesla after Q1 earnings: The Bull, Bear Case For The Stock
BofA Fund Manager Survey: Investors underweight stocks reach 2009 crisis levels
Google is reportedly “panicking” when Samsung considers Microsoft’s Bing AI its default search engine
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