Benzinga examined the prospects for many investors' favorite stocks over the last week — here's a look at some of our top stories.
The trading week concluded on a negative note for all the major market indices, bringing an end to the Dow's four-week streak of gains as it dropped 0.23%. The Nasdaq experienced the most significant decrease, falling by 0.42%, with the S&P also retreating by 0.1% for the week.
On Friday, LPL Financial's chief global strategist Quincy Krosby expressed concerns over the increasing number of red flags for the U.S. economy and suggested that the upcoming week could be crucial for investors.
Among the warning signs are the Conference Board's LEI indicating a potential recession, a softening labor market, stressed lending conditions in several districts, stagnant crude oil prices, and the impending U.S. debt ceiling deadline, all of which are contributing to heightened economic uncertainty.
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
"Once 'Smoke Clears' At Bed Bath & Beyond, Jim Cramer Sees Target On Top," by Adam Eckert, details why Jim Cramer thinks the demise of Bed Bath & Beyond Inc BBBY will be a boost for Target Corp TGT.
In "Coinbase CEO Predicts Eye-Popping Number Of Crypto Users Within 10 Years," Mehab Qureshi writes that Coinbase Global Inc COIN CEO Brian Armstrong predicts that two to three billion people will be using crypto like Bitcoin BTC/USD and Ethereum ETH/USD within a decade.
"Cathie Wood Has New Price Target For Tesla Stock As Ark Models Nearly 1,230% Upside Over 4 Years," by Shanthi Rexaline, outlines why Tesla, Inc. TSLA bull Cathie Wood's Ark Invest projects the EV maker's stock hitting $2,000 in 2027.
For additional bullish calls of the past week, check out the following:
Why Jim Cramer Says Bank Of America Just Reported Its 'Best Quarter Ever'
The Bears
"Boeing's 'Worst Enemy' Is Themselves: Analyst Breaks Down Latest 737 Max Problems," by Wayne Duggan, looks at why a Bank of America analyst remains on the sidelines on Boeing Co BA stock while the company continues to trip over its own feet.
In "DeSantis Vs. Disney Battles Heats Up: Presidential Candidate Considers Putting Jail Next To The Most Magical Place On Earth," Chris Katje details the latest chapter in the escalating feud between Florida Governor Ron DeSantis and media giant Walt Disney Co DIS.
"Rivian Analyst Cuts Price Target In Half On Catalyst Concerns, Sees Longer-Term Potential When Electrification Shifts Into Overdrive," by Adam Eckert, explains why an RBC Capital analyst is out warning that Rivian Automotive Inc RIVN has run into a near-term roadblock on the road to profitability.
For more bearish takes, be sure to see these posts:
Nio Falls In Sympathy With Tesla Following Q1 Earnings: The Bull, Bear Case For The Stock
BofA Fund Manager Survey: Investors Underweight In Stocks Reaches 2009 Crisis Levels
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