Benzinga has been examining the outlook for many investors’ favorite stocks over the past week – here’s a look at some of our top stories.
The three major stock indexes posted gains this week, with the S&P 500 up 1.66%, the Nasdaq, known for its focus on technology, up 1.4% and the Dow Jones Industrial Average rising by 1.3%.
The excitement on Wall Street was fueled primarily by By Nvidia Corporation NVDA an impressive earnings report, which sent its shares higher and briefly elevated the company’s market valuation to over $2 trillion.
Also making news, Jamie Dimonthe CEO of JP Morgan Chase & Co JPMsold more than 800,000 shares of the banking giant on Thursday, a transaction that amounted to about $150 million, a filing with securities regulators revealed.
Benzinga provides daily reports on the stocks that are popular with investors. Here are some of the most bullish and bearish posts from the past week that are worth another look.
The bulls
“Broadcom, the Great 7 Stocks in Waiting: Can the Chipmaker Replace Electric Car Maker Tesla?” by Neil Dennis, suggests Broadcom Inc. AVGO it may soon join the ranks of the tech giants, perhaps surpassing them Tesla Inc. TSLA in market capitalization, strengthened by the acquisition of VMware and strong earnings expectations.
“Tesla Investor Shows Love for Battered Rivian: 4 Reasons He’s Positive About the EV Maker” by Shanthi Rexaline, Highlights By Gary Black optimism for Rivian Automotive, Inc. RIVN as a potential second to Teslasupported by product quality, branding, execution and a strong liquidity position.
“Dogecoin ‘shows a familiar pattern’ that echoes 2020 behavior, suggesting another 28,000% surge, says cryptocurrency analyst” by Mehab Qureshi, discusses Ali Martinezthe analysis of Dogemoneta‘S DOGE/USD price movement, suggesting a potential repeat of the 2020 bull run due to current trading and consolidation patterns.
For more bullish calls from the past week, check out the following:
Bitcoin Poised to Hit $500,000 Long-Term as “Bullish Sentiment is Great,” Says Michael Van De Poppe, But Warns “Corrections Will Occur”
Nvidia’s rally steals the limelight, but this unsung, AI-powered stock has seen a 9,900% surge since its 2007 IPO
Nvidia is still ‘using the AI accelerator’: 7 analysts analyze Q4 results and supply and demand dynamics
Bears
“Short-seller Jim Chanos has a ‘friendly reminder’ for investors: Most of Nvidia’s operating cash flow ‘is actually capex from other Mag 7 Darlings’” by Shanthi Rexaline, reveals Jim Chanos’ Worries over Nvidia‘S reliance on capital spending by major tech companies for operating cash flow during the AI surge.
“Is Bitcoin’s Future Doomed? European Central Bank Says Yes, Issues Strong Warning” by Murtuza Merchant, reports ECB statement that Bitcoin Bitcoin/USD has “zero” intrinsic value, criticizing its inefficiencies and environmental impact, despite the SEC’s recent approval of Bitcoin ETFs.
“VIZIO Faces Analyst Downgrades Amid Walmart Acquisition, Impact on Roku” by Surbhi Jain, covers analyst downgrades from VIZIO Holding VZIO following the proposed acquisition of Walmart, noting the potential impacts on Year YEAR and the broader streaming landscape.
For more bearish information, be sure to see these posts:
Wedbush’s Dan Ives Expresses Investors’ Growing Frustration With Snap: ‘Every Quarter There’s Another Dog Who Ate Your Homework Excuse’
‘Gemini is a joke’: Google’s AI chatbot doesn’t even know what its own founders Larry Page and Sergey Brin look like
Carvana Analysts Cast Shadow on Fourth-Quarter Earnings: “Less Opportunity for Upside Surprises”
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