Benzinga examined the prospects for many investors’ favorite stocks over the past week — right here’s a take a look at a few of our prime tales.
Each the S&P 500 and Dow broke their six-week successful streaks, with the S&P 500 down practically 1% and the Dow falling 2.7% for the week. In the meantime, the Nasdaq marked its seventh consecutive weekly acquire, rising 0.2% and reaching an all-time excessive, pushed by sturdy performances from megacap tech shares.
With the presidential election approaching, investor warning has led to a broadly flat week on Wall Road, as issues over fiscal insurance policies and potential commerce disruptions linger.
Rising Treasury yields signaled market expectations of fiscal challenges for the subsequent administration, regardless of the election outcome.
Benzinga gives each day studies on the shares hottest with buyers. Listed here are a couple of of this previous week’s most bullish and bearish posts which might be price one other look.
The Bulls
“Nvidia’s New Free, Open Source AI Model Reportedly Outperforms OpenAI’s GPT-4o, Anthropic’s Claude 3.5 Sonnet,” by Ananya Gairola, particulars how Nvidia Corp. NVDA launched Llama-3.1-Nemotron-70B-Instruct, a free open-source AI mannequin that surpassed rivals in key benchmarks, reflecting a strategic shift in the direction of AI software program dominance utilizing Meta Platforms Inc.‘s META framework.
“Dogecoin Up 28% Over The Past Week And Major Bitcoin Move Could Send It Beyond $0.50, Says Veteran Trader,” by Khyathi Dalal, highlights bullish predictions from two merchants who foresee Dogecoin DOGE/USD surging past $0.50 if Bitcoin BTC/USD breaks essential ranges, pointing to historic developments and cash circulation indicators supporting the meme coin’s upward momentum.
“Plug Power, EVgo, Enovix: Analyst Clean Tech Picks For Navigating Election Exposure, Hedging Uncertainty,” by Surbhi Jain, covers a JPMorgan analyst’s suggestions for navigating election-related market volatility, highlighting Plug Power Inc. PLUG and EVgo Inc. EVGO for potential upside, whereas suggesting Enovix Corp. ENVX as a safer hedge given its deal with shopper electronics and non-U.S. markets.
For added bullish calls of the previous week, try the next:
Palantir Stock Moves Higher On L3Harris Partnership: What You Need To Know
US Economy Eyes 3.4% Growth In Q3: Is Soft Landing Turning Into Reacceleration?
The Bears
“Goldman Sachs Predicts Bleak Long-Term S&P 500 Returns As Market Concentration Hits ‘Highest Level In 100 Years’,” by Piero Cingari, outlines Goldman Sachs’ forecast of solely 3% annualized returns for the S&P 500 over the subsequent decade, warning that excessive market focus pushed by Apple Inc. AAPL and others may severely restrict progress in comparison with the previous decade’s 13% return.
“Lucid CEO Throws Cold Water On Tesla’s Robotaxi Vision, Says Self-Driving Cars Won’t Happen ‘Till The 2030s’,” by Chris Katje, highlights Peter Rawlinson‘s doubts concerning the speedy way forward for self-driving automobiles, predicting widespread deployment no ahead of the 2030s and critiquing Tesla Inc. TSLA and Elon Musk‘s autonomous ambitions.
“Peter Schiff Predicts A ‘Bloodbath’ For MicroStrategy Stock, Calls It The Most Overvalued On MSCI World Index,” by Aniket Verma, studies on Peter Schiff‘s warning that MicroStrategy Inc. MSTR is considerably overvalued throughout the MSCI World Index, anticipating a dramatic crash attributable to its heavy reliance on Bitcoin BTC holdings and speculative methods.
For extra bearish takes, be sure you see these posts:
Five US Banks Face Billions In Losses As Silver’s Price Spike Hits Short Sellers Hard: Report
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