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, the S&P 500 climbed 2.3%, while the Dow Jones saw a nearly 2% increase, marking its best performance since December. The Nasdaq led the gains, soaring by nearly 2.9%.
Despite rising inflation and solid economic indicators that might avoid a downturn, the Federal Reserve held interest rates steady but hinted at potential cuts of up to 75 basis points this year. Fed Chair Jerome Powell‘s comments bolstered market optimism, alleviating concerns over delayed monetary easing due to recent spikes in inflation.
Benzinga provides daily reports on the stocks most popular with investors. Here are a few of the week’s most bullish and bearish posts that are worth another look.
The Bulls “Jim Cramer Calls The Bottom In Tesla Stock, Why He Says ‘Right Now' Is The Time To Buy,” by Adam Eckert, outlines Jim Cramer‘s assertion that Tesla Inc. (NASDAQ:TSLA) has hit its lowest point, recommending it as the prime time for investment.
“Is Nvidia Stock Split Coming? CEO Jensen Huang Tells Cramer ‘We’ll Think About It’ As Shares Hover Around $890 Range,” by Shanthi Rexaline, captures Nvidia Corporation‘s (NASDAQ:NVDA) CEO Jensen Huang considering a stock split, with the company’s shares trading near the $890 range.
“Shiba Inu Interest Hits 2-Year High On Google: The 10 Countries With The Most Searches For Dogecoin Rival,” by Chris Katje, highlights a surge in global interest for Shiba Inu (CRYPTO: SHIB) as Google searches reach a two-year high, underscoring its growing popularity against Dogecoin in 10 leading countries.
For additional bullish calls of the past week, check out the following:
5 Technologies That Could Be Worth $220 Trillion By 2030, Cathie Wood’s ARK Predicts: ‘The Time Is Now
Apple Quietly Unveils New Multimodal AI With A Staggering 30B Parameters; Could It Power Text And Visual Features on iPhones?
We Need To Bring This Back! Ford CEO Jim Farley Wants To Revive Psychedelic 1970s Bronco
The Bears
“Peter Schiff Criticizes CNBC As ‘Paid Bitcoin Promoter,’ Predicts An Even Bigger Crash Ahead,” by Khyathi Dalal, conveys Peter Schiff‘s allegations against CNBC for favoring Bitcoin (CRYPTO: BTC), coupling this with his prediction of an imminent, more drastic downturn in the crypto sector.
“Tesla Stock Price Projections Lowered Due To Production, Sales Challenges: Goldman Sachs,” by Piero Cingari, reports that Goldman Sachs reduced its forecasts for Tesla due to ongoing issues in production and sales impacting the automaker’s performance.
“Taiwan Semi And Intel Hit Roadblocks In Arizona – High Costs And Labor Shortages Challenge Chip Supply Ambitions,” by Anusuya Lahiri, discusses the challenges Taiwan Semiconductor Manufacturing Co. (NYSE:TSM) and Intel Corp. (NASDAQ:INTC) face in Arizona, including escalating costs and labor shortages, that are impeding their chip supply goals.
For more bearish takes, be sure to see these posts:
‘I Am Going With Warren On This One:’ Bitcoin Is ‘Still Thin Air,’ Says Personal Finance Guru Dave Ramsey Despite Trillion-Dollar Market Cap
Bitcoin In ‘Danger Zone’ Ahead Of Halving: Trader Warns Of Potential Price Drop
Gas Prices Set For Summer Spike: West Coast Consumers Already Paying More Than $4 A Gallon
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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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