Benzinga examined the prospects for many investors’ favorite stocks over the past week — right here’s a have a look at a few of our prime tales.
This week noticed the S&P 500 drop by 0.13%, whereas the Dow Jones Industrial Common barely fell by 0.02%, and the Nasdaq skilled a 0.7% lower.
Inflation studies launched this week, previous a Federal Reserve assembly, revealed sudden surges in worth pressures for February, difficult Fed Chair Jerome Powell‘s earlier confidence in a disinflationary pattern. With inflation making a comeback, there’s rising uncertainty across the Federal Reserve’s rate of interest choices, resulting in a cut up amongst consultants on future rates.
In the meantime, rumors of the DEA contemplating the reclassification of hashish to Schedule III sparked a notable rally in hashish shares, fueled by optimism for industry expansion.
Benzinga supplies day by day studies on the shares hottest with traders. Listed here are just a few of this previous week’s most bullish and bearish posts which might be price one other look.
The Bulls
“Billions Just Hit The Biggest Semiconductor ETF: Are Investors Going All In On AI Chip Boom?,” by Natan Ponieman, highlights the report $1.6 billion influx into the VanEck Semiconductor ETF SMH, signaling robust investor confidence within the semiconductor sector, particularly in AI know-how leaders like NVIDIA Corp NVDA.
“Dogecoin To The Moon: Elon Musk Just Broke His Long Silence On DOGE And If Tesla Will Accept It,” by Mehab Qureshi, unveils Elon Musk‘s nod in direction of Tesla Inc. TSLA presumably embracing Dogecoin DOGE/USD, sparking waves of anticipation and buzz within the cryptocurrency sphere.
“Morgan Stanley Analyst Increasingly Bullish On Elon Musk’s Tesla Optimus Venture As Jeff Bezos, Nvidia, Microsoft Pour $675M In FigureAI,” by Anan Ashraf, discusses a Morgan Stanley analyst’ rising optimism for Tesla’s Optimus undertaking amid heightened focus and investments within the area of humanoid robotics.
For extra bullish calls of the previous week, take a look at the next:
Coinbase CEO Has A Solution For Fixing National Debt: ‘You Can Buy Bitcoin..Save The US Long Term
Gold Speculators Pave The Way For ‘Multiyear Bull Market In Metals’
The Bears
“Lucid In Trademark Spat With Google-Backed Startup For SUV,” by Chris Katje, describes how Lucid Group Inc LCID is entangled in a trademark dispute over its Gravity SUV with EV charging firm Gravity Applied sciences, which is backed by Alphabet Inc GOOG GOOGL.
“Bitcoin ‘Could Decline To $63,000,’ Says 10x Research Report, While Ethereum Faces Challenges,” by Khyathi Dalal, discusses a 10x Analysis evaluation predicting a possible Bitcoin BTC/USD drop to $63,000 and descriptions Ethereum‘s ETH/USD valuation considerations amid broader market vulnerabilities.
“‘Enemy Of the People’: Trump Slams Meta Stock As TikTok Ban Faces Scrutiny,” by Adam Eckert, studies that former President Donald Trump shifted focus from banning TikTok to concentrating on Meta Platforms Inc META, claiming it advantages from TikTok’s potential ban and labeling it because the true enemy.
For extra bearish takes, be sure you see these posts:
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Benzinga Bulls And Bears: Nvidia, Tesla, Meta And Musk Declares ‘Dogecoin To The Moon’ Nvidia, Tesla, Meta And Musk Declares ‘Dogecoin To The Moon’: Benzinga Bulls And Bears www.benzinga.com 2024-03-16 14:41:01
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