Benzinga examined the outlook for many investors’ favorite stocks this past week – here’s a look at some of our top stories.
The Dow Jones Industrial Average rose on Friday, ending the week 5.37% higher and capping its fourth straight week of gains, despite some disappointing big tech earnings reports.
The S&P 500 was up 3.70% for the week, while the Nasdaq Composite rose 2.17%.
Some of the week’s highlights include the Bureau of Economic Analysis on Thursday reporting that US GDP grew 2.6% in the third quarter, and Friday marking the completion of Tesla̵[ads1]7;s CEO Elon Musk’s $44 billion purchase of social media platform Twitter.
Benzinga continues to examine the outlook for many of the stocks most popular with investors. Here are some of the most bullish and bearish posts of the past week that are worth a look.
“Watch out Tesla: Here’s how many electric vehicles General Motors sold in the third quarter,” by Chris Katje, describes the growing number of electric vehicles General Motors Company GM reported sales in the third quarter.
In “Elon Musk’s love affair with Dogecoin continues as Twitter considers crypto wallet,” AJ Fabino writes that Twitter Inc TWTR is reportedly working on a cryptocurrency wallet, which could support the use of Dogecoin DOGE/USD, Elon Musk’s favorite crypto.
“You can now get a new Apple Mac every three years with monthly payments – thanks to BestBuy,” by Ananya Gairola, reports that Best Buy Co Inc BBY announced a Mac equivalent to Apple Inc AAPL iPhone upgrade program, which allows users to lease a laptop over three years.
For more bullish calls from the past week, check out the following:
The party is on: Investors are piling into risky assets and saying no to government bonds
Bullish interest returns to bed Bath & Beyond: Here are the levels to watch
Ethereum Rally Outpaces Bitcoin, Dogecoin Gains: Analyst Sees ETH-BTC Reversal on Horizon
“Meta Platforms is now the second most profitable stock for short sellers in 2022, behind only Tesla,” by Wayne Duggan, noting that as the price of Meta Platforms Inc META stocks plummet, short sellers have now generated more than $6 billion in profits so far this year.
In “Microsoft Sees Dark Clouds Forming Over Azure Business Amid PC Market Slump”, Shivdeep Dhaliwal writes that Microsoft Corp MSFT during its first-quarter earnings this week lowered expectations that demand for cloud computing would dampen the faltering PC market.
“Tesla Bull Cuts Price Target: Geopolitical Misery and US-China Economic Relations to Keep Stocks Volatile,” by Shanthi Rexaline, Explains Why Morgan Stanley analyst and Tesla Inc TSLA the bull Adam Jonas lowered the price target for Tesla shares from $350 to $330.
For more bearish take, be sure to see these posts:
Former Fed deputy chairman Roger Ferguson believes the markets are wrong and interest rate increases will continue into 2023
YouTube, Google search hit by ad drag in Q3 – CFO sees ‘Major headwind’ from strong dollar ahead
Amazon plans to “tighten the belt” in Q4 with hiring freeze after revenue miss