Benzinga considered the prospects of favorite stocks of many investors over the past week – here’s a look at some of our top stories.
The market ended a volatile week of holiday-shortened trading on a positive note, with all three major indexes rising on Friday. The S&P 500 still ended the week down 0.66%, the Nasdaq Composite posted a gain of 0.55% and the Dow Jones Industrial Average fell 2.70% for the week.
On Wednesday, the Federal Reserve said economic growth and business activity in the United States remained weak in its latest beige book report. The Fed noted that its business contacts across the country “generally expected weak growth in the coming months.”
Benzinga continues to review the outlook for many of the most popular stocks with investors. Here are some of the most bullish and bearish messages from the past week that are worth revisiting.
“Microsoft will overtake Apple, Google and Meta to become the ‘single’ big tech leader on the back of ChatGPT, says expert,” by Ananya Gairola, explains why an expert in AI and Web3, Alex Valaitisbelieves that Microsoft Inc. MSFT Integrating the ChatGPT AI chatbot with its cloud-based Azure services will propel the company ahead of other tech giants.
In “‘Tesla has more levers to pull than any OEM,’ analyst says: Why he sees stocks up 50% despite ‘bumpy’ trajectory“, Shanthi Rexaline details why a Jeffries analyst cut his price target on Tesla Inc. TSLAbut still believes the EV maker will lead the industry towards a better business model.
“Palantir CEO expects to hire hundreds more – says only ‘we didn’t plan’ disaster was…,” by Bhavik Nair, reports the remarks made by Palantir Technologies Inc. PLTR CEO Alex Karp that he is looking to increase the company’s workforce as other tech industry peers cut jobs.
For other bullish calls from the past week, check out the following:
“Planet Fitness ‘Illegal billing operation with nearby gyms’: short seller“, by Chris Katje, details a new short report that exposes a case that Planet Fitness PLNT has issues with overbilling, non-cancellable memberships, and lies about where its gyms are located.
In “Tesla engineer testifies: Elon Musk’s self-driving video promoted in 2016 was stagedwrites Adam Eckert of a senior Tesla engineer’s testimony that a video the electric vehicle maker used to promote its self-driving technology in 2016 was staged.
“Dogecoin Co-Founder Slams Genesis Bankruptcy Filing: ‘Another Day Another Stupid Crypto F***ing Thing Dies,’‘ by Mehab Qureshi, details the reaction of Dogecoin DOGE/USD co-founder Billy Marcus Genesis’ recent bankruptcy filing.
For more bearish takes, be sure to see these messages: