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.
After two positive weeks for the markets, the major indices gave up those gains this week. The S&P 500 ended the week down 3.37%, the Nasdaq Composite was down 3.99% and the Dow Jones Industrial Average ended the week down 2.77%.
On Friday, the US Department of Labor reported a 7.4% increase in November PPI below peak growth of 11.7% in March but above a Economists expect a profit of 7.2%.
Investors are now awaiting the Federal Reserve’s rate hike decision next week. Fed Chairman Jerome Powell recently said the central bank could begin to slow the pace of rate hikes “as soon as the December meeting” but the central bank is likely to stay on course to tighten monetary policy.
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
“Is Elon Musk Unknowingly Helping Mark Zuckerberg? Why This Meta-Analyst Can See A Stock Doubling In Months” by Shanthi Rexaline, explains why Empirical Financial’s Whitney Tilson expects shares of Metaplatforms Inc META continues to rise after rebounding from its November 4th low.
In the “Robinhood Shifts From Day Trading With New Offering As Millennials, Gen Z Age Out“, describes AJ Fabino a new product from Robinhood Markets Inc HOOD which allows customers to register an Individual Retirement Account (IRA), which will be fully available in January 2023.
“Netflix co-CEO doesn’t see TikTok, YouTube and Instagram as competition: ‘The way people got excited about Wednesday…’‘ by Ananya Gairola, outlining why Netflix Inc NFLX Co-CEO Ted Sarandos does not see youtube, tick tock or roll as the streaming giant’s competitors.
For more bullish calls from the past week, see:
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