Last week, Benzinga looked at the outlook for stocks that are popular with many investors. Here are some of the top articles.
This week, the S&P 500 and Dow Jones Industrial Average hit record highs, helped by a strong start to the third-quarter earnings season. The S&P 500 and Nasdaq each rose 1.1%, and the Dow rose 1.2%, marking the fifth consecutive week of gains for these major indexes.
Despite better-than-expected consumer and producer inflation reports in September, interest rate expectations remained largely unchanged, with traders still expecting a rate cut in November.
Meanwhile, despite last week's strong gains, Chinese stocks posted their worst weekly performance of the year as the lack of a much-anticipated economic stimulus dampened investor sentiment.
Benzinga provides daily reports on the stocks that are most popular with investors. Here are some of last week's most bullish and bearish posts that are worth revisiting.
bulls
“AI is 'empirical,' says Palantir's Shyam Sankar, and if you're paying consultants to figure out how to implement it, you're just adding money to the fire,” Shanthi Rexaline elaborates. Masu. Palantir Technologies Co., Ltd. PLTR CTO Shyam Sankar believes that companies should embrace practical AI implementation rather than relying on consultants, and highlights the company's ability to quickly turn AI prototypes into tangible business value.
“‘Dogecoin killer’ Shiba Inu rises 39% in past 30 days, but that will ‘accelerate,’ says bullish trader” (by Khyathi Dalal). Shiba Inu SHIB/USD It has soared 39% in the last month as burn rates rise, and traders are predicting further gains due to bullish chart patterns and increased community activity.
By Adam Eckert “Josh Brown Flags 'Monster' Call Buying for Up to $190 Strike in NVIDIA: 'This Isn't Retail Money,'” Adam Eckert reports. josh brown highlighted an important call buy at Nvidia Inc. NVDAinstitutional investors expect the stock to rise above $190 by March 2025, implying well above its current trading level of around $135.
Check out below for additional bullish calls from the past week.
Tesla's future valuation: Analyst Pierre Ferrag reveals scenarios ranging from $1.4 trillion to $4.7 trillion based on FSD and robotaxi success
MicroStrategy Analyst Predicts Stock Price to Rise 64% Based on Bitcoin Acquisition Strategy
Exclusive: Ross Garber sees 'tsunami of money' coming to cannabis companies with federal legalization, says cannabis is one of the 'biggest' opportunities beyond AI
bears
“Google cries foul as Justice Department moves to break up search giant, calls recommendations 'radical' as antitrust battle intensifies” (Kaustubh Bagalkote) reports: Alphabet Co., Ltd. google google The company faces a possible breakup as the Justice Department considers measures to curb its search dominance, which Google has criticized as extreme and potentially harmful to market competition. are.
“Rivian production cutbacks caused by miscommunication with Atlanta-based supplier, resulting in shortage of critical copper windings for motors: report” by Anan Ashraf reveals: . Rivian Automotive Riven Annual production forecasts were lowered by up to 18% due to miscommunication with Essex Furukawa This led to a shortage of essential copper windings, impacting EV production.
According to Piero Singari, “China's stocks plummet as hopes for economic stimulus fade: Hong Kong suffers worst daily decline since October 2008'' by Piero Singari. Alibaba Group Holdings Co., Ltd. Baba and Baidu Co., Ltd. BiduThe index fell sharply as investors reacted to the lack of aggressive fiscal stimulus, with the Hang Seng index posting its steepest single-day decline since 2008.
For more bearish views, be sure to check out our next post.
Wells Fargo downgrades Amazon stock: bearish signal on growth concerns
Disney faces $150 million to $200 million hit from Hurricane Milton, with attendance expected to decline 6%, Goldman Sachs says
Gary Gensler questions the future of cryptocurrencies, says key players are in prison or awaiting extradition
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