Benzinga examined the prospects for many investors’ favorite stocks during the last week — right here’s a have a look at a few of our high tales.
Shares rocketed larger on Friday as recent information revealed nonfarm payrolls surged by 254,000 in September. The unemployment fee slipped to 4.1%, defying projections that it could maintain regular at 4.2%.
The S&P 500 climbed 0.22% for the week, whereas the Dow eked out a 0.09% acquire. The Nasdaq, regardless of getting into Friday with losses exceeding 1%, managed a 0.1% weekly rise, marking a notable turnaround.
Crude oil costs jumped once more on Friday, capping off a virtually 9% weekly acquire. The surge got here amid heightened tensions within the Center East, following Iran’s missile assault on Israel.
Chinese language tech shares, represented by the iShares MSCI China ETF MCHI, loved one other week of sturdy positive factors, pushed by rising enthusiasm for domestic stimulus efforts.
Benzinga offers day by day experiences on the shares hottest with traders. Listed here are a number of of this previous week’s most bullish and bearish posts which are price one other look.
The Bulls
“Nvidia CEO Jensen Huang Says Demand For Next-Gen Blackwell GPU Platform Insane: ‘Everyone Wants To Have The Most, And Everyone Wants To Be First,’” by Ananya Gairola, experiences that Nvidia Company NVDA CEO Jensen Huang highlighted the overwhelming demand for the brand new Blackwell GPU platform, confirming it’s in full manufacturing and anticipated to drive important income development regardless of investor considerations over delays.
“Is Dogecoin’s Bullish Momentum Over After 18% Retreat From Recent Highs? Not Yet, Say Analysts,” by Aniket Verma, highlights that regardless of Dogecoin DOGE/USD experiencing an 18% drop, analysts like Santiment and Ali Martinez imagine its bullish potential stays sturdy, citing elevated whale exercise and technical indicators of additional upside.
“Apple’s iPhone 16 Pro Demand Correction In Sight: Analyst Highlights Delivery Trends Across Global Markets,” by Anusuya Lahiri, experiences {that a} JPMorgan analyst sees stabilizing supply instances for Apple Inc. AAPL iPhone 16 Professional fashions, indicating a requirement correction forward, as lead instances for base fashions average throughout key markets just like the U.S., China, and Europe.
For extra bullish calls of the previous week, take a look at the next:
The Bears
“Spirit Airlines Bankruptcy Chatter Has Critics Blaming Biden: Here’s What History Shows About Carrier Mergers,” by Anthony Noto, explores how Spirit Airlines, Inc. SAVE is in chapter talks, with critics blaming the blocked JetBlue merger, whereas historical past reveals that mergers within the airline trade typically result in job losses no matter monetary struggles.
“Humana Faces Sharp Decline In Medicare Star Ratings For 2025, Braces For 2026 Revenue Hit,” by Vandana Singh, experiences that Humana Inc. HUM is anticipating a significant drop in Medicare Benefit Star Scores, with solely 25% of members enrolled in plans rated 4 stars or above, which may result in important income losses in 2026.
“Amazon CEO Andy Jassy Faces Employee Revolt Over Full-Time Return To Office Mandate, 73% Consider Quitting: Survey,” by Kaustubh Bagalkot, experiences that Amazon.com, Inc. AMZN CEO Andy Jassy is going through inner backlash as 73% of surveyed staff contemplate leaving on account of a brand new full-time return-to-office coverage beginning in 2025, sparking considerations over morale and retention.
For extra bearish takes, remember to see these posts:
Cramer Says ‘Hot Money’ Flowing From Nvidia, Apple Into China, Focus On Alibaba ‘If You Must’
Sustain with all the newest breaking information and buying and selling concepts by following Benzinga on Twitter.
Picture created utilizing synthetic intelligence by way of Midjourney.
This content material was partially produced with the assistance of AI instruments and was reviewed and printed by Benzinga editors.
© 2024 Benzinga.com. Benzinga doesn’t present funding recommendation. All rights reserved.