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.
What started as a strong week reversed course after the US Federal Reserve hiked interest rates on Wednesday, leading to a second straight week down for markets. The Dow Jones Industrial Average lost 1.7%, the S&P 500 Index fell 2.1% and the Nasdaq Composite fell 2.7% this week.
On Wednesday, the Federal Open Market Committee voted unanimously to raise the fed funds rate by 0.5% to a new range of between 4.25% and 4.5%. Economists expect the central bank to continue raising interest rates in early 2023 to achieve this Inflation under control.
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
“There’s a credit card for monkeys: how to get the new AMC card, what the rewards are‘, by Chris Katje, describes the launch of a Visa credit card co-branded by AMC Entertainment Holdings Inc AMC which aligns with the company’s rewards program.
In the “Apple scraps innovation in favor of pragmatism with MR offering, self-driving car, Gurman says‘ writes Shanthi Rexaline apple inc AAPL takes steps to get a mixed reality headset and an electric car on the market as soon as possible.
“PayPal is partnering with MetaMask on a payment method to buy this top crypto: what you need to know,” by AJ Fabino, reports on a new collaboration between PayPal Holdings Inc PYPL and cryptocurrency wallet service MetaMask.
For more bullish calls from the past week, see:
Moderna rises in cancer vaccine news: here’s what to watch for going forward
Netflix hit “Wednesday” crosses important milestone: That’s why investors should be excited
The Bears
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