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.
Markets ended the week higher despite a strong jobs report, which could increase the likelihood that the Federal Reserve will maintain a hawkish stance on interest rates. The S&P 500 ended the week 1.66% higher, the Nasdaq Composite was up 2.82% and the Dow Industrials was up 0.4% on the week.
Market optimism was fueled by dovish comments from the Fed Chair Jerome Powell On Wednesday. He said the central bank could start slowing the pace of rate hikes “as soon as the December meeting”. which is scheduled for December 14th.
Powell’s comment came ahead of Friday’s Labor Department report showing it 263,000 jobs were added in November, beating economists’ estimates of 200,000 jobs. The unemployment rate remained steady at 3.7% and hourly wages increased by 5.1% year-on-year.
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
“They’re creepy and they’re crazy and they just broke a Netflix record: This show simply beat Stranger Things,” by Chris Katje, highlights a new series Netflix Inc NFLXwhich broke a record set by the streaming giant’s hit series Stranger Things.
In the “Microsoft Leads the Stock Market Higher: Here’s Why a 7% Jump Could Be on the Horizon,” Melanie Schaffer analyzes the diagram of microsoft corp MSFTshowing that stocks could be poised for a near 7% move higher based on a recently formed pattern.
“Elon Musk Effect? Dogecoin Holders Brave FTX Contagion, Over 62% Remain Profitable,” by Mehab Qureshi, points out that even amid the aftermath of the FTX bust Dogecoins DOGE/USD has maintained its price level with 62% of Dogecoin holders remaining profitable.
For more bullish calls from the past week, see:
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