May 18, 2024 8:45 AM | 3 minute read
Last week, Benzinga looked at the outlook for stocks that are popular with many investors. Here are some of the top articles.
The Dow Jones Industrial Average made history on Friday by closing well above 40,000 for the first time following its breakthrough in the previous trading session.
Stocks ended the week on a high note, with the Dow Jones Industrial Average rising 1.2%, marking its fifth consecutive week of gains. The S&P 500 and Nasdaq also rose 1.5% and 2.1% for the week, respectively, securing their longest winning streak since February.
The Consumer Price Index (CPI) in April increased by 3.4% compared to the same month last year. This was down slightly from March's annual rate of 3.5% and in line with expectations.
jamie dimonThe CEO of JPMorgan Chase & Co. expressed concern that the national deficit will reach $1.9 trillion in 2024, accounting for more than 6% of GDP.
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
“Tesla's genius move or a disguised price cut? Analysts look at EV giant's $0.99 Model Y,” by Shanti Rexalin, examines what analysts think. Tesla Inc. (NASDAQ:TSLA) Offers lease option for $0.99 model Ydebating whether it's a strategic innovation or just a disguised price cut.
“Dogecoin Killer Shiba Inu Drives Mainstream Adoption and Is on the Verge of a 4x Breakout” by Khyathi Dalal explains how. Shiba Inu (CRYPTO: SHIB) is driving mainstream adoption and is poised for a major breakout, potentially increasing 4x in value.
By Maureen Meehan “Biden announces monumental marijuana date change, Justice Department takes next steps,” reports the president. joe biden It has begun a major move to change the schedule for marijuana sales, and the Department of Justice plans to follow up on this policy change, which will impact businesses such as: Canopy Growth Corporation (NASDAQ:CGC) and Tilray Inc. (NASDAQ:TLRY).
Check out below for additional bullish calls from the past week.
Apple introduces a way for users to control their iPhone just by moving their eyes, Tim Cook promotes “powerful new features''
Reddit Stock Announces Partnership with OpenAI: Details
Bitcoin to $150,000? Former Trump ally and Skybridge founder Anthony Scaramucci predicts price of top cryptocurrency will more than double
bears
In “Exclusive: Citron Research's Andrew Left Short GameStop Again” by Chris Katche, we find out: andrew left I shorted again Gamestop Co., Ltd. (NYSE:GME), argued that the stock remains overvalued despite its roller coaster history with short squeezes.
“Ethereum Spot ETF approval odds fall later this month as analysts point out SEC concerns,” Aniket Verma explains. Ethereum (CRYPTO: ETH) Spot ETF approvals are declining due to continued concerns from the SEC.
Repression” (written by Chris Katche) reports: Robert F. Kennedy Jr. filed a lawsuit against Meta Platforms Co., Ltd. (NASDAQ:META) CEO mark zuckerbergalleging that free speech on social media platforms is being suppressed.
For more bearish views, be sure to check out our next post.
AMC Entertainment: “A dead company is walking,” says Bear Cave Report
GameStop, 5 reasons meme stock rally stalls: IPOs, boredom and more
Gold Bull's Peter Schiff says inflation is headed for “further increases” as Powell “refuses to admit” policy mistakes during coronavirus pandemic
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