Benzinga probed the prospects of many investors’ favorite stocks last week — here’s a look at some of our top stories.
The trading week ended on a negative note for all major market indices, ending the Dow’s four-week winning streak as it fell 0.23%. The Nasdaq experienced the most significant decline, falling 0.42%, with the S&P also down 0.1% for the week.
On Friday, Quincy Crosby, chief global strategist at LPL Financial, expressed concern over a growing number of red flags for the US economy and suggested that the coming week could be crucial for investors.
Warning signs include the Conference Board’s LEI indicating a possible recession, a soft labor market, lending conditions in many districts, stagnant crude prices, and the impending US debt ceiling deadline, all of which increase economic uncertainty. Contributing to
Benzinga provides daily reports on the most popular stocks among investors. Here are some of the most bullish and bearish posts from the past week that are worth a look.
“Once ‘Smoke Clear’ Bed Bath & Beyond, Jim Cramer Sees Target at the Top,” by Adam Eckert Details Why Jim Cramer thinks about the demise of Bed Bath & Beyond Inc. BBBY will promote target corp TGT,
“Coinbase CEO predicts eye-popping number of crypto users within 10 years,” writes Mehb Qureshi Coinbase Global Inc coin CEO Brian Armstrong predicts that two to three billion people will use crypto such as Bitcoin BTC/USD And Ethereum ETH/USD within a decade.
“Cathy Wood Has New Price Target for Tesla Stock as Ark Model Is Up Nearly 1,230% in 4 Years,” by Shanti Rexlin, Outlining Why Tesla, Inc. TSLA bull Cathy WoodArc Invest projects the EV maker’s stock to reach $2,000 in 2027.
For additional bullish calls from the past week, see the following:
Zuckerberg splurges: Meta VR developer annual salary exceeds average US worker’s in 10 years
Why Jim Cramer Said Bank of America Reported Its ‘Best Quarter Ever’
Bernstein Predicts Crypto Supremacy: FTX Decline Paves the Way for Bitcoin and Ethereum to Explode
“Boeing’s ‘worst enemy’ is itself: Analyst breaks down latest 737 MAX problems,” by Wayne Duggan, looks at why Bank of America analysts remain on edge boeing company B. A stock while the company continues to falter on its feet.
In “DeSantis vs. Disney Battle Heats Up: Presidential Candidates Are Considering Putting a Prison Next to the Most Magical Place on Earth,” Chris Katze details the latest chapter in the escalating feud between Florida Gov. Ron DeSantis and media giants the walt disney company district,
In “Rivion Analyst Cuts Price Target in Half on Catalyst Concerns, Sees Long-Term Potential When Electrification Shifts Into Overdrive,” by Adam Eckert explains why an RBC Capital analyst is warning that Rivian Automotive Inc rivn has hit a near-term roadblock on its path to profitability.
For more bearish takes, be sure to check out these posts:
Nio sympathizes with Tesla after first-quarter earnings: The bull, bear case for the stock
BofA Fund Managers survey: Investors underweight in stocks reach 2009 crisis levels
Google reportedly goes into ‘panic’ as Samsung considers Microsoft’s Bing AI for default search engine