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.
All three major indices ended the week lower. The S&P 500 fell 2.67%, the Nasdaq Composite fell 3.33% and the Dow Jones Industrial Average ended the week 2.99% lower.
In his latest meeting minutes Federal Reserve members released on Wednesday said inflation has remained “well above” their 2% target and will likely require further rate hikes to bring it down. The Fed also said the US labor market “remained very tight, contributing to continued upward pressure on wages and prices.”
On Friday, the Bureau of Economic Analysis reported that the personal consumption price index rose by 5.4% year-on-year increased in the month of January from 5.3% in December.
Benzinga provides daily reports on the stocks most popular with investors. Here are some of the most bullish and bearish posts from the past week that are worth another look.
The cops
“Tesla Signs New EV Components Deal: Here’s the Company Involved, Why It Matters,” by Chris Katje, outlines an agreement Tesla Inc TSLA signed with Magni’s Energy Technologies MNSEFa vertically integrated lithium-ion battery technology and materials company.
In “Nvidia CEO can’t stop praising ‘wonderful’ ChatGPT: ‘We’ve democratized programming for everyone’” Shivdeep Dhaliwal explains why Nvidia Corporation NVDA CEO Jensen Huang praised OpenAI‘s ChatGPT on that of the company Fourth Quarter Results call on Wednesday.
“Flying cars? Platform stocks rise while Carvana suffers‘, by AJ Fabino, explores why stocks of Autos.com Inc CARS are up almost 10% this week detailing the company’s better than expected earnings report.
For more bullish calls from the past week, see:
Forget Tesla firing – China’s Nio is pushing ahead with this massive EV power plan
Coinbase Launches Base to Bring Next Billion Users to Web3,…
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