Benzinga looked at the outlook for many investors’ favorite stocks over the past week. Here’s a look at some of our top stories.
The S&P 500 gained nearly 3.9% this week, marking its best performance since November 2023, while the Nasdaq rose 5.2% and the Dow gained 2.9%.
The S&P 500 index is now just 2% from its mid-July record, boosted by strong consumer sentiment, weaker-than-expected jobless claims and rising retail sales.
The weaker inflation data also fueled market optimism, boosting expectations for a modest 25 basis point rate cut from the Federal Reserve next month. The probability of a larger 50 basis point cut fell to 23%, as the data suggested there was no immediate need for aggressive monetary easing.
Benzinga delivers daily reports on the stocks most popular with investors. Here are some of the most optimistic and pessimistic articles from the past week that are worth revisiting.
The bulls
“Exclusive: Which Top 7 Stocks Would Investors Spend $1,000 In Today? 44% Of Benzinga Readers Pick This Company,” by Chris Katje, reveals that 44% of Benzinga readers would invest $1,000 in Nvidia Corp. NVDA today, while Apple Inc. AAPL And Amazon.com Inc. AMZN are lagging behind with 13% and 11% respectively.
“Jim Cramer Calls Bottom for Dell Technologies Stock, Highlights Strong Relationship with Nvidia: ‘This Stock Should Be Bought Right Here’,” by Adam Eckert, details Jim Cramer approval of Dell Technologies Inc. DELL after a significant sale, highlighting its strategic alliance with NVIDIA and its strong position in the AI sector.
“Mark Cuban Gets Assurance From Chuck Schumer: He’ll Pass ‘Sensitive, Durable’ Crypto Bill By Year’s End,” by Aniket Verma, reveals how the Senate Majority Leader Chuck Schumer insured Marc Cuban plans to adopt balanced and sustainable cryptocurrency regulation by the end of the year, which could have a significant impact on the cryptocurrency market. Bitcoin Bitcoin/USD and other cryptocurrencies.
For other bullish calls from the past week, check out the following:
VOO vs. VTI: Here are the main differences between Vanguard US Stock Market ETFs
Lucid CEO Peter Rawlinson Says His Electric Vehicle Technology Is 8 Years Ahead of Elon Musk’s Tesla
Weight-loss drugs like Ozempic and Zepbound may reduce cancer risk, studies suggest
The Bears
“Google Says It’s Costly and Too Much Work to Open Its App Store, Judge Tells It, ‘We’ll Do It,'” by Ananya Gairola, reports how the judge James Donato rejected Alphabet Inc.‘s GOOGLE allegations about the high costs and complexity of opening its Android app store to competitors, stressing that barriers must be dismantled as part of the ongoing process Epic Games antitrust case.
“Tesla FSD Test Drive Terrifies Analyst’s Son: ‘Third Time’s a Bad Thing’,” by Chris Katje, details a Truist analyst’s disturbing third test drive Tesla Inc. TSLA FSD technology, where the vehicle performed illegal maneuvers, leaving his 16-year-old son terrified and raising doubts about Tesla’s progress toward full autonomy.
“Bill Ackman Cuts His Stake in Chipotle Just Before Stocks Crashed: Did the Billionaire See What the Market Couldn’t See?”, by Piero Cingari, reveals how Bill Ackman has strategically reduced its stake in Chipotle Mexican Grill Inc. CMG by 23% before the sharp drop in the stock following the CEO Brian NiccolThe departure of.
For more bearish positions, be sure to check out these posts:
Ford recalls more than 37,000 vehicles, including Mustang Mach-E EV SUV, due to non-functional front windshield wipers
The ‘real’ US debt is $175 trillion: Former Coinbase CTO calls the crisis ‘unpayable’
Meta Policy Change Has Harmful Impact on Instagram Engagement: Report
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