Benzinga examined the prospects for many investors' favorite stocks over the last week — here's a look at some of our top stories.
The markets didn't respond well to the Fed's decision to raise interest rates by 75 basis points for the fourth consecutive time. The S&P 500 finished the week 2.87% lower after a sharp decline immediately following the Fed announcement. The Dow Industrials lost 1.07% during the week, while the Nasdaq Composite gave up 5.02%.
On Friday, the Labor Department reported the U.S. economy added 261,000 jobs in October, exceeding economist estimates of 205,000 jobs. Wages were up 4.7% year-over-year and increased 0.4% from September.
Benzinga continues to examine the prospects for many of the stocks most popular with investors. Here are a few of this past week's most bullish and bearish posts that are worth another look.
The Bulls
"Elon Musk Should Keep Twitter, Dogecoin Apart For 'Most Bullish Outcome' For Meme Coin: Analyst," by Shivdeep Dhaliwal, explains why an analyst says it could be bullish if Elon Musk keeps Twitter and Dogecoin (CRYPTO: DOGE) apart, following his purchase of the microblogging platform.
In "Meta Platforms Hits A 52-Week Low, But This Analyst Is Still Ultra Bullish," AJ Fabino writes that even as Meta Platforms Inc (NASDAQ:META) plummets to new 52-week lows, Tigress Director of Research Ivan Feinseth has maintained a Strong Buy rating on the stock and $260 price target.
For additional bullish calls of the past week, check out the following:
Nio Surges Higher After Hang Seng Closes Bullish Week: What's Going On?
Solana (SOL) To The Moon? Crypto Analyst Sees 50% Spike If This Happens
The Bears
For more bearish takes, be sure to see these posts:
Musk's Twitter Takeover Incites Complaints From Celebs Who Voice To Quit Platform
Coinbase Sees More Headwinds In 2023, 'Low Revenue' For Multiple Years
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