Benzinga examined the prospects for many investors’ favorite stocks over the last week — here’s a look at some of our top stories.
All three major indexes finished in the red this week. The S&P 500 dropped by 2.67%, the Nasdaq Composite fell by 3.33%, and the Dow Jones Industrial Average ended the week 2.99% lower.
In its latest meeting minutes released on Wednesday, Federal Reserve members said inflation “remained well above” its 2% target and more interest rate hikes will likely be needed to bring it down. The Fed also said the U.S. labor market “remained very tight, contributing to continuing upward pressures on wages and prices.”
On Friday, the Bureau of Economic Analysis reported the personal consumption expenditures price index increased by 5.4% year-over-year in the month of January, up from 5.3% in December.
Benzinga provides daily reports on the stocks most popular with investors. Here are a few of this past week’s most bullish and bearish posts that are worth another look.
The Bulls
“Tesla Signs New EV Component Deal: Here’s The Company Involved, Why It’s Important,” by Chris Katje, outlines an agreement Tesla Inc (NASDAQ:TSLA) signed with Magnis Energy Technologies (OTC:MNSEF), a vertically integrated lithium-ion battery technology and materials company.
In “Nvidia CEO Can’t Stop Praising ‘Wonderful’ ChatGPT: ‘We’ve Democratized Programming For Everyone,'” Shivdeep Dhaliwal explains why Nvidia Corporation (NASDAQ:NVDA) CEO Jensen Huang praised OpenAI’s ChatGPT on the company’s fourth-quarter earnings call on Wednesday.
“Flying Cars? Platform Stock Is Popping While Carvana Suffers,” by AJ Fabino, looks at why shares of Cars.com Inc (NYSE:CARS) were up almost 10% this week, and details the company’s better-than-expected earnings report.
For additional bullish calls of the past week, check out the following:
Never Mind Tesla’s Dismissal — China’s Nio Presses Ahead With This Massive EV Power Solution Plan
Coinbase Launches Base To Bring Next Billion Users Into Web3, Cryptoeconomy
Netflix Lands First Partnership With NFL: How Patrick Mahomes, Kirk Cousins Factor In
The Bears
“‘This Is A Terrible Situation’: Major Brokerage CEO Sounds Alarm On GameStop, AMC And Meme Stocks,” by Aaron Bry, details the concerns of Interactive Brokers Group Inc (NASDAQ:IBKR) founder and chairman Thomas Peterffy about “meme stocks” like GameStop Corp (NYSE:GME) and AMC Entertainment Holdings (NYSE:AMC).
In “Apple Watch Ban Ruling Won’t Be Vetoed By Biden Administration,” Shivdeep Dhaliwal reports that the Biden Administration won’t veto the U.S. International Trade Commission’s ban on Apple Inc’s (NASDAQ:AAPL) smart wearable the Apple Watch for patent infringement.
“Meta Sacrificing Integrity Of Blue Check Mark? Employees Reportedly Worried About Paid Subscription Service,” by Ananya Gairola, explores the concerns of Meta Platforms Inc (NASDAQ:META) workers about the company’s paid subscription service for Facebook and Instagram.
For more bearish takes, be sure to see these posts:
Market Rally Or ‘Speculative Frenzy’? Why Morgan Stanley Says ‘Payback’ Is Coming, S&P 500 Could Crash To 3,000
US Recession Risk At Its Highest In 40 Years: Why Is The Stock Market Ignoring The Economy?
Just How Bad Is The Housing Market? Trillions In Losses, Biggest Percentage Drop Since 2008
Keep up with all the latest breaking news and trading ideas by following Benzinga on Twitter.
