Benzinga examined the prospects for many investors' favorite stocks over the last week — here's a look at some of our top stories.
Comments from a Fed official put Wall Street in a bullish mood to end the week, as all three major indexes finished higher. The S&P 500 rose by 1.9%, the Dow Industrial Average climbed by 1.17% and the Nasdaq Composite was up by 2.6% on the week.
On Thursday, Atlanta Fed President Raphael Bostic said he does not see a need for the Fed to increase the pace of interest rate hikes from 0.25% to 0.5%, even after January inflation data came in hotter than expected.
On Friday, Comerica Bank's Chief Economist Bill Adams said the Fed is likely to raise the fed funds rate a quarter percentage point at each of their next three meetings, to a range of 5.25%-5.5%, and hold it at that level through March 2024.
Benzinga provides daily reports on 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
"No More FOMO: Microsoft's Phone Link App Will Allow Apple Users To Access iMessage On Windows," by Ananya Girola, reports that Microsoft Corporation (NASDAQ:MSFT) is set to launch a Phone Link App that will enable Apple Inc (NASDAQ:AAPL) users to access iMessage and notifications on Windows, just like Android users do.
In "Elon Musk's Embrace Of Cannabis On Twitter: Weed Companies Still Celebrating Win-Win Situation," Maureen Meehan outlines how Twitter CEO Elon Musk's decision to allow cannabis brands on the social media platform could be a big boost to companies like Trulieve Cannabis Corp (OTC:TCNNF).
For additional bullish calls of the past week, check out the following:
Study Shows This Rivian Vehicle Is Beating Tesla In EV Customer Satisfaction
'Mona Lisa' Of Sneakers Go On Sale: What You Need To Know About The Unique Jordans
The Bears
For more bearish takes, be sure to see these posts:
Robinhood Faces SEC Probe Over Crypto Business Amid Regulatory Crackdown
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