Benzinga examined the prospects for many investors’ favorite stocks over the past week — this is a take a look at a few of our prime tales.
After two optimistic weeks for the markets, the key indexes gave again these good points this week. The S&P 500 completed down 3.37%, the Nasdaq Composite dropped by 3.99%, and the Dow Jones Industrial Common closed 2.77% decrease for the week.
On Friday, the U.S. Labor Division reported a 7.4% increase within the producer worth index within the month of November, down from peak development of 11.7% in March however above a 7.2% gain economists expected.
Traders at the moment are awaiting the Federal Reserve’s price hike determination subsequent week. Fed Chair Jerome Powell not too long ago stated the central financial institution might start moderating the tempo of price hikes “as quickly because the December assembly,” however the central financial institution will seemingly preserve the course of tightening financial coverage.
Benzinga continues to look at the prospects for most of the shares hottest with buyers. Listed below are just a few of this previous week’s most bullish and bearish posts which can be price one other look.
“Is Elon Musk Unwittingly Helping Mark Zuckerberg? Why This Meta Analyst Can See Stock Doubling Within Months,” by Shanthi Rexaline, explains why Empirical Monetary’s Whitney Tilson expects shares of Meta Platforms Inc META to proceed climbing after bouncing off their Nov. 4 low.
In “Robinhood Pivots From Day Trading With New Offering As Millennials, Gen Z Age Out,” AJ Fabino particulars a brand new product from Robinhood Markets Inc HOOD that permits prospects to register a person retirement account (IRA), which can develop into absolutely out there 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-CEO Ted Sarandos would not see YouTube, TikTok or Reels as rivals of the streaming big.
For extra bullish calls of the previous week, try the next:
“Elon Musk, In A Rare Move, Says This Tesla Rival Is ‘Not Long For This World,’” by Shanthi Rexaline, stories on feedback by Tesla Inc TSLA CEO Elon Musk that EV rivals Lucid Group Inc LCID is probably not in enterprise for for much longer after a dip in reservations within the third quarter.
In “Jim Cramer Says Crypto Is A ‘Gigantic Con’: Why He Sold Bitcoin, Ethereum Near The Top,” Adam Eckert particulars why Jim Cramer bought all his Bitcoin BTC/USD and Ethereum ETH/USD alongside together with his considerations about your complete sector.
“EQT, Halliburton Lead Energy Stocks Lower As Russian Oil Embargo And Price Cap Kick In,” by Wayne Duggan, stories on how oil giants like EQT Corp EQT and Halliburton Firm HAL noticed share costs drop this week following a brand new European Union oil embargo on Russia.
For extra bearish takes, be sure you see these posts: