Benzinga has taken a look at the outlook for many investors’ favorite stocks over the past week – here’s a look at some of our top stories.
Markets reacted badly to the Fed’s decision to raise interest rates by 75 basis points for the fourth consecutive time. The S&P 500 ended the week down 2.87% after falling sharply immediately after the Fed’s announcement. The Dow Industrials lost 1.07% during the week, while the Nasdaq Composite fell 5.02%.
On Friday, the Labor Department announced that the US economy added 261,000 jobs in October, beating economists’ estimates of 205,000 jobs. Wages rose 4.7% year over year and were up 0.4% from September.
Benzinga continues to review the outlook for many of the most popular stocks with investors. Here are some of the most bullish and bearish messages from the past week that are worth revisiting.
Bulls
“Elon Musk Should Keep Twitter, Dogecoin Aside For Meme Coin ‘Most Bullish’ Result: Analyst”, by Shivdeep Dhaliwal, explains why analyst says it could be bullish if Elon Musk maintains Twitter and Dogecoin DOGE/USD apart, following its takeover of the microblogging platform.
In “Meta Platforms Hits A 52-Week Low, But This Analyst Is Still Ultra Bullish”, AJ Fabino writes that although Meta Platforms Inc META falls to new 52-week lows, Tigress Director of Research Ivan Feinseth maintained a strong buy rating on the stock and a price target of $260.
“Cathie Wood adds this Bitcoin-linked stock for the second day in a row with a $5 million buy – also boosts Robinhood stake,” per Bhavik Nair, notes that Cathy Wood-led by ARK Investment Management responsible for Block Inc. SQ shares this week, as well as the purchase Robinhood Markets Inc HOOD shares.
For other bullish calls from the past week, check out the following:
Shares of Exxon Mobil and Chevron continue to rally after third quarter earnings, but which oil stock do Wall Street analysts prefer?
Nio Soars After End of Hang Seng Bullish Week: What’s Happening?
Solana (SOL) Towards the Moon? Crypto Analyst Sees 50% Spike If It Happens
The Bears
“Tesla Reportedly Closes First China Showroom As Elon Musk Company Revamps Strategy Amid Falling Demand,” by Nevdeep Yadav, details the news that Tesla Inc. TSLA reportedly closed its first showroom in China as the electric vehicle maker seeks to adjust its sales strategy in its second market.
In “Apple Continues To Bleed Senior Execs As VPs Of Online Retail, Industrial Design Offedly Quit,” by Shivdeep Dhaliwal writes that two key Apple Inc. AAPL executives are now reportedly heading for the exit after the company’s chief privacy officer called him out in August.
“Carvana Stock Is Down 25% After Q3 Earnings Miss: What 3 Analysts Are Saying”, by AJ Fabino, reviews analysts’ reaction after the actions of Carvana Co. CVNA fell 38% on Friday after the online used-car retailer missed Wall Street expectations for third-quarter revenue and earnings.
For more bearish takes, be sure to see these messages:
Musk’s Twitter takeover prompts celebrities to complain
Larry Summers Says US Faces Complex Challenges: ‘Fighting Inflation Comes First, But We Can’t Stop There’
Coinbase sees more headwinds in 2023, ‘low income’ for several years
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