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Benzinga examined the prospects for many investors’ favorite stocks over the last week — here’s a look at some of our top stories.
The markets didn’t respond well to the Fed’s decision to raise interest rates by 75 basis points for the fourth consecutive time. The S&P 500 finished the week 2.87% lower after a sharp decline immediately following the Fed announcement. The Dow Industrials lost 1.07% during the week, while the Nasdaq Composite gave up 5.02%.
On Friday, the Labor Department reported the U.S. economy added 261,000 jobs in October, exceeding economist estimates of 205,000 jobs. Wages were up 4.7% year-over-year and increased 0.4% from September.
Benzinga continues to examine the prospects for many of 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
“Elon Musk Should Keep Twitter, Dogecoin Apart For ‘Most Bullish Outcome’ For Meme Coin: Analyst,” by Shivdeep Dhaliwal, explains why an analyst says it could be bullish if Elon Musk keeps Twitter and Dogecoin DOGE/USD apart, following his purchase of the microblogging platform.
In “Meta Platforms Hits A 52-Week Low, But This Analyst Is Still Ultra Bullish,” AJ Fabino writes that even as Meta Platforms Inc META plummets to new 52-week lows, Tigress Director of Research Ivan Feinseth has maintained a Strong Buy rating on the stock and $260 price target.
“Cathie Wood Adds This Bitcoin-Linked Stock For 2nd Straight Day With $5M Buy — Also Ups Robinhood Stake,” by Bhavik Nair, notes that Cathie Wood-led ARK Investment Management loaded up on Block Inc SQ shares this week, as well as purchasing Robinhood Markets Inc HOOD shares.
For additional bullish calls of the past week, check out the following:
Nio Surges Higher After Hang Seng Closes Bullish Week: What’s Going On?
Solana (SOL) To The Moon? Crypto Analyst Sees 50% Spike If This Happens
The Bears
“Tesla Reportedly Shutters Its 1st Showroom In China As Elon Musk Company Rejigs Strategy Amid Softening Demand,” by Nevdeep Yadav, details the news that Tesla Inc TSLA has reportedly shut down its first showroom in China as the EV maker looks to adjust its sales strategy in its second-largest market.
In “Apple Continues To Bleed Senior Execs As VPs Of Online Retail, Industrial Design Reportedly Quit,” by Shivdeep Dhaliwal writes that two key Apple Inc AAPL executives are now reportedly headed for the exit after the company’s privacy chief called it quits in August.
“Carvana Stock Is Down 25% After Q3 Earnings Miss: What 3 Analysts Are Saying,” by AJ Fabino, reviews the reaction of analysts after shares of Carvana Co CVNA dropped by 38% on Friday after the online used car retailer missed Wall Street’s top- and bottom-line expectations for the third quarter.
For more bearish takes, be sure to see these posts:
Musk’s Twitter Takeover Incites Complaints From Celebs Who Voice To Quit Platform
Coinbase Sees More Headwinds In 2023, ‘Low Revenue’ For Multiple Years
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Image and article originally from www.benzinga.com. Read the original article here.