Benzinga has reviewed the prospects for many investors favorite stocks Here are some of our top stories from the past week.
The Federal Reserve rocked markets this week, Fed funds target rate hike of 0.75% to a new range of 3% to 3.25% on Wednesday, the third 0.75% rate hike in four months.
Reaction was swift as all three major indices fell lower for the remainder of the week. The S&P 500 ended the week down 4.07%, the Dow Industrial Average fell 3.69% and the Nasdaq Composite posted its biggest weekly loss of 4.15%.
Investors remain cautious on further rate hikes by the Fed as the central bank tries to rein in inflation. a point reiterated by the Fed chairman Jerome Powell in this week.
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
“This iPhone might not cost you $1,000: A “sticky ecosystem” is a boon for wireless carriers‘, by Wayne Duggan, points out Apple Inc AAPL Newly released iPhone 14 models may be cheaper than many buyers expect, thanks to a variety of carrier promotions.
In the “Another meme stock?! This is up 150% in the last month‘ writes AJ Fabino about why the attention of meme stock traders has now turned to her Avaya Holdings Corp AVYAresulting in the stock surging 150% over the past month.
“Why Josh Brown expects Netflix to skip Disney with Microsoft’s help‘, by Adam Eckert, explains why Ritholtz Wealth Management’s Josh Brown picked shares from Netflix Inc NFLX this week, say “the fundamental catalyst lies ahead.”
For more bullish calls from the past week, see:
Microsoft, Google, and Meta are all down from June lows, but these 2 big tech stocks are holding up
Almost half of Americans want to install solar panels. This stock could climb 30% because of it
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