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Benzinga Bulls And Bears: Tesla, GameStop, Disney And Dogecoin Reaches Over 5 Million Holders

Published Dec 02, 2023 14:44 Updated Dec 02, 2023 16:10
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© Reuters. Benzinga Bulls And Bears: Tesla, GameStop, Disney And Dogecoin Reaches Over 5 Million Holders
 
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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.

This week saw the S&P 500 rise by 0.77%, the Dow increase by 2.4%, and the Nasdaq grow by 0.38%.

Speaking at Spelman College, Federal Reserve Chair Jerome Powell stated that it’s too early to consider the Fed's current measures as overly restrictive and indicated a willingness to further adjust policies if necessary. Powell noted a decrease in overall inflation to 3% over the past year but remained concerned about core inflation, which is still at 3.5%, exceeding the Fed's 2% target.

Meanwhile, the Personal Consumption Expenditure price index, the Fed's preferred inflation gauge, slowed to an annual rate of 3% in October from 3.4% in September, meeting market predictions.

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 "Cybertruck Launch 'Historical Moment' For Tesla: Analyst Says Elon Musk Will Prove He Can Expand 'Tesla Halo Effect'," by Chris Katje, highlights Wedbush analyst Dan Ives' perspective on Tesla Inc. (NASDAQ: TSLA)'s Cybertruck launch as a pivotal event that will demonstrate CEO Elon Musk's ability to enhance Tesla's influence in the evolving electric vehicle sector.

"Dogecoin Reaches 5M Holders But Few Hold 80% Of Supply," by Mehab Qureshi, reports that while Dogecoin (CRYPTO: DOGE) has reached over 5 million holders, fewer than 5,000 of these accounts control over 80% of its total supply, indicating a significant concentration of ownership.

"Investors Bet on GameStop Surge: Anticipation for 28% Rise Next Week as Meme Stocks Regain Popularity," by Navdeep Yadav, discusses investors' speculation on a significant rise in GameStop (NYSE: GME) stock, driven by retail investors betting on deep out-of-the-money call options ahead of the company's third-quarter earnings report.

For additional bullish calls of the past week, check out the following:

Palantir Technologies Shows Signs The Local Bottom Has Occurred: The Bull Bear Case For The Stock

Google's DeepMind Team Gets ChatGPT To Spit Out Its Training Data Using This Trick

US GDP Growth In Q3 Tops Expectations, Highest Since Q4 2021

The Bears "Bob Iger Vs. Nelson Peltz: A Former Marvel Boss Joins War Over Disney Board," by Neil Dennis, covers the escalating boardroom battle at Walt Disney Co (NYSE: DIS), with activist investor Nelson Peltz and former Marvel boss Ike Perlmutter challenging CEO Bob Iger's leadership amid Disney's recent performance issues.

"Investors Are Fleeing China: One Data Point Went Negative For First Time Ever," by Surbhi Jain, reports on China experiencing its first-ever quarterly deficit in foreign direct investment, signaling a significant shift in investor sentiment due to factors like interest rate differentials and Western de-risking initiatives.

"Meta's Metaverse Ambitions Hit a Roadblock," by Anusuya Lahiri, discusses the challenges faced by Meta Platforms Inc. (NASDAQ: META) in selling its Quest virtual reality headsets, attributed to customers' reluctance to try on these headsets in stores, impacting sales during the crucial shopping season.

For more bearish takes, be sure to see these posts:

VIX At Pre-Pandemic Low: Is Wall Street's Fear Gauge Mispricing Risk Of Downturn?

Fed Chair Powell Remains Cautious: 'Premature' To Declare Victory On Inflation, 'Prepared To Tighten Policy Further'

Tesla Bull Gary Black Rues Attacks From Fellow Bulls, Says Opposing Management Strategy Is Not 'Attacking Elon'

Keep up with all the latest breaking news and trading ideas by following Benzinga on Twitter.

© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Read the original article on Benzinga

Benzinga Bulls And Bears: Tesla, GameStop, Disney And Dogecoin Reaches Over 5 Million Holders
 

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