Benzinga examined the prospects for the favorite stocks of many investors over the past week – here’s a look at some of our top stories.
Wall Street ended the Thanksgiving-shortened trading week on a high as the holiday shopping season officially began on Friday. The S&P 500 ended the week up 1.51%, the Dow Industrial Average was up 2.20% and the Nasdaq Composite was slightly down 0.27% for the week.
The National Retail Federation projects that 166 million people will do holiday shopping between Thanksgiving Day and Cyber Monday.
Investors, meanwhile, are turning their attention to the upcoming December Federal Reserve meeting. On Wednesday, the Federal Open Market Committee released its November meeting minutesand the Fed’s language suggests it is likely to slow the pace of its interest Rate hikes to 0.5% in December.
Benzinga continues to examine the prospects for many of investors’ favorite stocks. Here are some of the most bullish and bearish posts from the past week that are worth another look.
The cops
“The most anticipated vehicle launch of all time? Here’s how many Tesla Cybertrucks are reserved: Report,” by Shanthi Rexaline, addresses the increasing demand for Tesla Inc TSLA upcoming Cybertruck as new data shows 1.5 million reservations for the vehicle.
In the “Cathie Wood reiterates Bitcoin’s $1M price target: “Sometimes you have to walk through a crisis to see survivors”” Mehab Qureshi explains why Cathie WoodFounder and CEO of Ark Invest Management, still believes Bitcoin BTC/USD may reach $1 million by 2030.
“GameStop shorts may be running out of bullets: analyst‘, by Wayne Duggan, reports why analyst Ihor Dusaniwsky of S3 Partners believes that GameStop Corp GME Short sellers are running out of steam.
For more bullish calls from the past week, see:
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