Benzinga - by Michael Cohen, Benzinga Editor.
Benzinga examined the prospects for many investors’ favorite stocks over the last week — here’s a look at some of our top stories.
It was a rough week on Wall Street, with the Dow experiencing its steepest weekly drop of 2024, plunging 2.27%. The S&P 500 and Nasdaq also felt the pressure, declining 0.95% and 0.8%, respectively.
Friday saw a spike in Treasury yields after the Labor Department’s report revealed a March job growth of 303,000, surpassing the expected 200,000. This mixed economic signal has left investors conflicted and desiring both a robust economy for corporate earnings and a softer jobs market to prompt Federal Reserve rate cuts.
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 “Cathie Wood Says Tesla Is ‘Biggest AI Project’ In World, Sees Convergence Of 3 Key Technologies Driving Stock To $2,000,” by Adam Eckert, explores Cathie Wood’s belief in Tesla Inc. (NASDAQ:TSLA) as a pivotal AI venture, driven by robotics, energy storage and AI convergence.
“Apple Quietly Unveils New AI Model ReALM That Outperforms OpenAI’s GPT-4 Despite Being ‘Much Lighter And Faster,'” by Rounak Jain, details Apple Inc.’s (NASDAQ:AAPL) introduction of its advanced and efficient AI model, ReALM, poised to elevate Siri and transform on-device AI functionalities.
“Trader Who Urged Everyone To Buy 1% of Bitcoin In 2013 Now Advocates For Dogecoin Killer Shiba Inu, by Mehab Qureshi, delves into a trader’s pivot from Bitcoin evangelism to promoting Shiba Inu (CRYPTO: SHIB) as a formidable Dogecoin adversary, highlighting the volatile shifts within the crypto realm.
For additional bullish calls of the past week, check out the following:
Jim Cramer Bullish On Palantir’s Performance And Stronghold In IT Defense Industry: ‘They’ve Owned That Franchise’
PayPal Golden Cross Indicates Bullish Sentiment After Visa Deal, EY Chief Joins Board
‘Pharma Bro’ Martin Shkreli Predicts 75% Chance Of $1M Bitcoin By The End Of 2024
The Bears
“Facebook Is Selling Your Private Messages, Lawsuit Alleges,” by Neil Dennis, reports on allegations that Meta Platforms Inc. (NASDAQ:META) shared user data with Netflix Inc. (NASDAQ:NFLX), sparking legal and privacy concerns.
“Bitcoin Spot ETFs Hit Speed Bump As Grayscale Outflows Reach $302M In A Day, But 2 Firms Enjoy Inflows,” by Murtuza Merchant, delves into the fluctuating landscape of Bitcoin (CRYPTO: BTC) spot ETFs, marked by a significant outflow from Grayscale’s GBTC and a broader digital asset market sentiment shift.
“Hertz’s Mega Tesla Gamble Backfired Due To Sky-High Repair Costs, Unusually High Accident Rates And Customers’ Charging Anxiety, Report Reveals,” by Ramakrishnan M, details Hertz Global Holdings’ (NASDAQ:HTZ) challenges with Tesla’s EVs, including high repair costs and customer reluctance, derailing its ambitious vision for electric vehicle integration.
For more bearish takes, be sure to see these posts:
Peter Schiff Taunts Bitcoin Holders, Urges Them To Exchange Their Crypto Holdings For Gold: ‘If You Fail To Act, Have Fun Staying Poor’
China’s March Manufacturing Growth Could ‘Dump Into Global Markets, Thus Triggering Deflation,’ Expert Warns
Ethereum’s ‘Most Brutal Scenario’: Breaching This Support Level And A Drop To $2,800, Says Trader
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This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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