Benzinga examined the prospects for many investors' favorite stocks over the last week — here's a look at some of our top stories.
The bears ruled on Wall Street this week, as the Dow sank by 2.2%, experiencing its most significant dip since March. Concurrently, the S&P 500 receded 2.1%, marking its third week of declines, an eventuality not witnessed since February. The Nasdaq Composite wasn't spared either, contracting about 2.6% and registering its third week in the negative, a trend last seen in December.
In the midst of this, the 10-year U.S. Treasury yield surged to its zenith since October 2022 on Thursday. This ascent came a day after the release of the Federal Reserve’s July meeting minutes, hinting at potential interest rate increases in the near future due to ongoing inflationary pressures.
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
"Tesla Stock Set For Brighter Days After 23% Post-Earnings Slide: 2 Bulls Weigh In," by Shanthi Rexaline, underscores that, despite a post-earnings slide for Tesla, Inc. TSLA, analysts like Gary Black and Daniel Ives view Elon Musk's strategic price cuts as a positive move for the company.
"Gene Munster Expects Nvidia Earnings To Make Or Break The Market: Why The Analyst Says The Chipmaker Is 'Going To Deliver,'" by Adam Eckert, underscores Deepwater Asset Management's Gene Munster emphasizing the crucial role of NVIDIA Corp's NVDA upcoming earnings in shaping the broader market and his confidence in the chipmaker's performance.
"Exclusive: Floki 'Absolutely Loves' Dogecoin, Shiba Inu; Elon Musk's Brother Was Impressed With..." by Mehab Qureshi, reveals that developers of cryptocurrency Floki Inu FLOKI/USD express admiration for meme coins Dogecoin DOGE/USD and Shiba Inu SHIB/USD, crediting them for its own success.
For additional bullish calls of the past week, check out the following:
Time To Buy Alibaba, Baidu, JD.com? Jim Cramer Gives The Greenlight: 'Go Ahead... For Now'
Berkshire Hathaway Is Betting On US Housing Market: Buffett Bought These Stocks, Should You?
The Bears
"Roblox Shares Sink On Short Report Saying Gaming Company Has Facilitated More Child Abuse Than Any Public Company In History," by our Benzinga staff, details a report from The Bear Cave, led by Edwin Dorsey, alleging that Roblox RBLX has been linked to numerous child abuse cases, inappropriate content and other safety concerns.
"Snapchat's MyAI Gone Rogue? Mysterious Stories Leave Users Alarmed And Puzzled," by Ananya Gairola, reports that Snapchat's MyAI chatbot, owned by Snap Inc. SNAP, startled users by autonomously posting cryptic stories, leading to widespread confusion and concern.
"The Big Short Investor Is Going Big Short: Burry's 13F Says The Bull Of 2023 Is Over With 40,000 Puts," by AJ Fabino, reveals that renowned "The Big Short" investor Michael Burry has taken a bearish stance, purchasing significant put options on SPDR S&P 500 ETF Trust SPY and Invesco QQQ Trust Series 1 QQQ.
For more bearish takes, be sure to see these posts:
Meta's 'Twitter Killer' Goes Down: Threads Outage Triggers Exodus To Elon Musk's X
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