Last week, Benzinga looked at the outlook for stocks that are popular with many investors. Here are some of the top articles.
The three major stock indexes extended their winning streaks to six straight weeks, marking the longest period of gains this year for both the Dow Jones and S&P 500. The Dow rose 0.96%, the S&P 500 rose 0.85% and the Nasdaq rose 0.80%.
Better-than-expected retail sales in September and a sharp drop in unemployment insurance claims strengthened the view that the U.S. economy remains strong. This strong economic momentum is causing some analysts to reassess the Fed’s future course of action, with many now questioning the possibility of further rate cuts.
However, rising U.S. Treasury yields are having an impact on the housing market, causing a sharp rise in mortgage rates and a corresponding decline in mortgage applications. Homebuyer demand fell by the sharpest since April 2020 as potential buyers backed out due to rising borrowing costs.
Benzinga provides daily reports on the stocks that are most popular with investors. Here are some of last week’s most bullish and bearish posts that are worth revisiting.
bulls
“Apple’s iPhone 16 hits record sales in third quarter, looms over Samsung in global market share battle” (authored by Rounak Jain) reports: apple company AAPL Record iPhone sales achieved in Q3 2024, followed by 18% global market share Samsung Electronics Co., Ltd. SSNLFas the global smartphone market grows by 5% year-on-year.
“Sam Altman’s Oklo Jumps on Google Nuclear Deal: What’s Going on?” by Adam Eckert reports: Oklo Co., Ltd. Oklo Then the stock price rose Alphabet Co., Ltd. google google After announcing plans to use nuclear energy, the following speculations were made: Sam Altmanconnections could give Oklo an advantage in future deals with the tech giant.
“Dogecoin, Shiba Inu and Pepe may have overtaken Nasdaq-listed companies on their way to $1 billion valuation, but there’s a catch” (written by Aniket Verma) explains how meme coins are popular. It reports on whether dogecoin doge/usd, Shiba Inu SHIB/USDand pepe Pepe/USD It reached a $1 billion valuation faster than traditional companies such as . Nutanix Co., Ltd. NTNX and Nice Co., Ltd. nice.
Check out below for additional bullish calls from the past week.
Netflix ‘should continue to outperform’: Six analysts discuss streaming stocks’ third-quarter earnings
S&P 500 stocks are unlikely to rise 241% in 2024 and displace Nvidia.
Russell 2000 poised for major technical breakout: Analysts note ‘reversal of trend of small-cap stocks outperforming S&P 500’
bears
By Vandana Singh: “Moderna Hit by Another Lawsuit Related to Its Leading COVID-19 Vaccine Technology.” northwestern university filed a lawsuit Moderna Co., Ltd. mRNA The company’s lipid nanoparticle technology is said to have been used in vaccines for the new coronavirus infection, etc. spike bucks We seek damages for patent infringement without permission.
“FTC’s ‘Click to Cancel’ Rule Makes Ending Subscriptions Easier: What It Means for Netflix, Planet Fitness and More” by Erica Colman, The Federal Trade Commission’s new rules make it easier to cancel subscriptions The report aims to simplify the process and will impact companies such as: Netflix Inc. NFLX and Planet Fitness Co., Ltd. PLNT By requiring cancellation to be as easy as signing up.
“Tesla has a new Chinese electric vehicle competitor: How the company that once sold cheap TVs is entering the EV race” (by Chris Katche) skywellknown for selling at affordable prices skyworth television, announcement Q hatchback EV Announced entry into EV field at Paris Auto Show, with potential difficulties tesla company TSLA We offer competitively priced models.
For more bearish views, be sure to check out our next post.
Boeing workers’ strike enters its second month, with rival Airbus reportedly planning to cut 2,500 jobs.
Meta confirms layoffs across Instagram, WhatsApp, Reality Labs amid strategic realignment
Warren Buffett’s stock sales point out market overvaluation, hedge fund manager David Einhorn says, “It’s not a good time to increase stock exposure.”
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