Benzinga has taken a look at the outlook for many investors’ favorite stocks over the past week – here’s a look at some of our top stories.
Wall Street ended the shortened Thanksgiving trading week on a high note as the holiday shopping season officially kicked off on Friday. The S&P 500 ended the week up 1.51%, the Dow Industrial Average rose 2.20% and the Nasdaq Composite edged down 0.27% for the week.
The National Retail Federation predicts that 166 million people will make holiday purchases from Thanksgiving Day through Cyber Monday.
Investors, meanwhile, are turning their attention to the Federal Reserve’s next meeting in December. The Federal Open Market Committee released the minutes of its November meeting on Wednesday, and language from the Fed suggests it should slow the pace of its interest rate hikes to 0.5% in December.
Benzinga continues to review the outlook for many of the most popular stocks with investors. Here are some of the most bullish and bearish messages from the past week that are worth revisiting.
“Most Anticipated Vehicle Launch Ever? Here’s How Many Tesla Cybertrucks Are Reserved: Report,” by Shanthi Rexaline, examines growing demand for Tesla Inc. TSLA next Cybertruck, as new data shows 1.5 million reservations for the vehicle.
In “Cathie Wood Reiterates $1 Million Bitcoin Price Target: ‘Sometimes You Have To Go Through A Crisis To See Survivors,’ Mehab Qureshi Explains Why Cathy Woodfounder and CEO of Ark Invest Management, still believes Bitcoin BTC/USD can reach $1 million by 2030.
“GameStop Short Sellers May Be ‘Running Out Of Bullets’: Analyst”, by Wayne Duggan, explains why S3 Partners analyst Ihor Dusaniwsky believes that GameStop Corp. EMG short sellers are running out of steam.
For other bullish calls from the past week, check out the following:
Cramer analyzes legendary trader Larry Williams’ S&P 500 forecast: ‘Santa’s rally is coming to town next month’
Disney’s NFT Possibilities Are ‘Amazing’: How Bob Iger’s Return Could Power Web3’s Growth
Apple Music support finally appears to be coming to Tesla cars
“As Oil Prices Fall, ExxonMobil Holds On: ‘Maybe It’s Time To Call The Register’,” by Joel Elconin, explains why shares of Exxon Mobil Corp. XOM maintained their gains, and why now may be the time to sell the stock.
In “Jim Chanos Double Down On Coinbase Criticism: ‘It Just Doesn’t Work'”, Melanie Schaffer explains why the short seller jim chano doubled down on his review Coinbase Global Inc. PIECE OF MONEYand why he says the company’s business model isn’t working.
“Credit Suisse releases ‘concerning’ outlook showing asset loss ‘well above’ expectations,” by Adam Eckert, notes growing investor concern over Credit Suisse Group CSwith many stock sell-offs after management unveiled a worse-than-expected outlook for the fourth quarter.
For more bearish takes, be sure to see these messages:
Meta’s Metaverse Ambitions Threatened by FTC Challenges in Unlimited Acquisition
Amid Elon Musk-induced layoffs, Twitter France chief presses exit button – ‘It’s over!’
Crypto Analyst Predicts Ethereum Could Fall 54% If This Company Files Bankruptcy