He explored prospects for Benzinga favorite stocks of many investors over the past week – here’s a look at some of our best stories.
Markets did not react well to the Fed’s decision to raise interest rates by 75 basis points for the fourth time in a row. The S&P 500 ended the week down 2.87% after a sharp decline immediately afterward A statement from the Fed. The Dow Industrials lost 1.07% and the Nasdaq Composite lost 5.02% during the week.
On Friday, the Labor Department reported that the US economy added 261 thousand jobs It beat economists’ estimates of 205,000 jobs in October. Wages increased by 4.7% year-on-year increased by 0.4% from September.
Benzinga continues to explore the prospects for many of the most popular stocks among investors. Here are some of the highs and lows from this past week worth another look.
Bulls
“Elon Musk Should Keep Twitter And Dogecoin Separate For Meme Coin’s ‘Most Rising Outcome’: Analyst,” by Shivdeep Dhaliwal, explains why one analyst says it could be bullish Elon Musk Twitter saves and dogecoin DOGE/USD In addition, after purchasing the microblogging platform.
into “Meta Platforms is reaching its 52-Week Low, but this analyst is still very bullish,” writes AJ Fabino Meta Platforms Inc PURPOSE Tiger Research Director drops to new 52-week lows Ivan Feinset maintained a Strong Buy rating and $260 price target on the stock.
“Cathie Wood Adds This Bitcoin-Linked Stock With $5M Buys On Day 2 – Also Increases Robinhood Stake,” noted by Bhavik Nair Cathy Wood-led by ARK Investment Management was uploaded Block Inc SQ Buy stocks this week as well Robinhood Markets Inc TITLE stocks.
Check out the following for additional bullish calls from last week:
Nio Rises After Hang Seng Closes Bullish Week: What’s Going On?
Solana (SOL) to the moon? The crypto analyst sees a 50% increase if this happens
Bears
“Tesla Closes 1st China Showroom as Elon Musk’s Company Realigns Strategy Amid Softening Demand,” by Nevdeep Yadav, news details Tesla Inc TSLA The EV maker has apparently closed its first showroom in China adjust the sales strategy in its second largest market.
into “Apple continues to shed senior executives such as VP of Online Retail, Industrial Design,” by Shivdeep Dhaliwal writes that two keys Apple Inc AAPL Executives are now reportedly following the company’s chief privacy officer he left her in August.
“Carvana Shares Fall 25% After Q3 Earnings Miss: What 3 Analysts Say,” by AJ Fabino, reviews analyst reaction following the releases Carvana Co CVNA The online used-car seller fell 38% on Friday after missing Wall Street’s top- and low-end expectations for the third quarter.
Be sure to check out these posts for more drops:
Musk’s Twitter Takeover Sparks Complaints From Celebrities Voting To Quit The Platform
Coinbase sees more headwinds in 2023, ‘comes down’ in a few years
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