On petrol has looked at the outlook for many investors’ favorite stocks over the past week – here’s a look at some of our top stories.
This week, the S&P 500 rose 2.3%, while the Dow Jones rose nearly 2%, marking its best performance since December. The Nasdaq led the gains, surging nearly 2.9%.
Despite rising inflation and solid economic indicators that could avert a downturn, the Federal Reserve has kept interest rates stable but has hinted at potential cuts of up to 75 basis points this year. President of the Fed Jerome Powell‘s comments bolstered market optimism, easing concerns that monetary easing would be delayed amid recent spikes in inflation.
Benzinga provides daily reports on the stocks that are popular with investors. Here are some of the most bullish and bearish posts of the week that are worth another look.
The bulls
“Jim Cramer Calls Tesla Stock Bottom, Why He Says It’s Time to Buy ‘Right Now,'” by Adam Eckert, outlines Jim Crameris the statement that Tesla Inc. TSLA has reached its lowest point, recommending it as a privileged time for investments.
“Is an Nvidia stock split coming? CEO Jensen Huang Tells Cramer ‘We’ll Think About It’ As Stock Hovers Around $890 Range,” by Shanthi Rexaline, capture Nvidia Corporation‘S NVDA CEO Jensen Huang considering a stock split, with the company’s shares trading around the $890 range.
“Interest in Shiba Inu hits 2-year high on Google: The 10 countries with the most searches for Dogecoin Rival,” by Chris Katje, highlights an increase in global interest in Shiba Inu SHIB/USD as Google searches hit a two-year high, underscoring its growing popularity against Dogecoin in 10 top countries.
For more bullish calls from 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 30 billion parameters; Could it power text and visual features on iPhones?
We have to bring him back! Ford CEO Jim Farley wants to revive the psychedelic Bronco of the 1970s
Bears
“Peter Schiff Slams CNBC as ‘Paid Bitcoin Promoter,’ Predicts Even Bigger Crash Ahead,” by Khyathi Dalal, broadcast Peter Schiffof the accusations against CNBC for having facilitated Bitcoin Bitcoin/USDpairing this with his prediction of an imminent, more drastic recession in the cryptocurrency industry.
“Tesla stock price projections lowered due to production and sales challenges: Goldman Sachs,” by Piero Cingari, reports that Goldman Sachs has reduced its forecast for Tesla due to ongoing production and sales issues impacting on the car manufacturer’s performance.
“Taiwan Semi and Intel hit hurdles in Arizona: High costs, labor shortages test chip supply ambitions,” by Anusuya Lahiri, discusses challenges Taiwan Semiconductor Manufacturing Co. TSM AND Intel Corp. INTC face in Arizona, including rising costs and labor shortages, which are hindering their chip supply goals.
For more bearish information, be sure to see these posts:
“I agree with Warren on this: “Bitcoin is still in the air,” says personal finance guru Dave Ramsey despite a trillion-dollar market cap
Bitcoin in ‘danger zone’ ahead of halving: Traders warn of potential price drop
Gas prices set for summer peak: West Coast consumers already paying more than $4 a gallon
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This content was partially produced with the help of artificial intelligence tools and was reviewed and published by Benzinga editors.
Photo: Benzinga.