Benzinga examined the prospects for many investors’ favorite stocks during the last week — this is a take a look at a few of our prime tales.
The bullish temper that kicked off 2023 on Wall Road continued this week, with the tech-heavy Nasdaq main the markets greater. The S&P 500 climbed 2.47%, the Dow Industrials gained 1.81%, and the Nasdaq completed the week 4.32% greater.
On Thursday, the Commerce Division reported U.S. GDP grew 2.9% within the fourth quarter, forward of economist estimates of a 2.6% achieve. On Friday, the Bureau of Financial Evaluation reported the private consumption expenditures value index gained 5% in December, down from a 5.5% improve in November and under economist estimates of a 5.5% gain.
Benzinga continues to look at the prospects for most of the shares hottest with buyers. Listed below are a couple of of this previous week’s most bullish and bearish posts which can be value one other look.
The Bulls
“Are Cybertruck Expectations Too High In 2023? Musk Says ‘I Wouldn’t Put Too Much Thought In Start Of Production,’” by Chris Katje, appears to be like at new particulars offered by Tesla Inc TSLA CEO Elon Musk on the upcoming debut of the Cybertruck electrical pickup truck.
In “Why Bill Ackman Says This Company Could Be The Next Berkshire Hathaway,” Wayne Duggan explains why Pershing Sq. CEO Invoice Ackman sees similarities between WeCommerce Holdings Ltd WECMF and Berkshire Hathaway Inc (NYSE: BRK-A) (NYSE:-BRK-B).
“3 Trillion Shiba Inu Transferred To Mysterious Wallet After Kusama Confirms Massive Burn Ahead Of Shibarium Launch,” by Mehab Qureshi, appears to be like at why the latest motion of three trillion Shiba Inu SHIB/USD tokens to an unknown pockets is being considered with pleasure by the crypto’s group.
For extra bullish calls of the previous week, try the next:
Alibaba Consolidates Bull Flag Breakout: Here’s What’s Happening
5 REITs With The Highest Paying Dividends: How To Supercharge Your Portfolio
Don’t Call It A Comeback: Cathie Wood Is Beating The S&P 500 In Early 2023
The Bears
“Google Employees Publicize Heartless Axing After Multiple 15-Year Employees Canned Via Email: ‘What A Slap In The Face,’” by Adam Eckert, particulars the response of Alphabet Inc GOOG GOOGL former staff after being abruptly laid off by the tech big.
In “Ford Pro CEO Touts ‘Big Opportunity’ To Trim Mustang Mach-E, F-150 Lightning Costs By Using LFP Batteries,” Shanthi Rexaline writes in regards to the methods Ford Motor Firm F is discovering methods to chop manufacturing prices on its EVs and move the saving alongside to clients.
“As Chevron Buyback Irks Biden, Jared Bernstein Says Excessive Repurchases Have Been A Concern For President,” by Bhavik Nair, experiences on the persevering with rigidity between Chevron Company CVX and President Joe Biden, because the vitality big introduced a $75 billion inventory buyback program.
For extra bearish takes, you’ll want to see these posts:
People Aren’t Keeping Up With Car Payments — And It Hasn’t Been This Bad Since 2009
Why This Legend Who Predicted Latest Wall Street Crash Expects ‘Meat Grinder’ Markets Ahead
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