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.
It was another volatile week on Wall Street as developments in the banking sector remained a concern for investors. The three main indices all ended the week in the green. The Dow Industrials rose 0.4%, while the S&P 500 gained 1.4% and the Nasdaq Composite ended the week 1.6% higher.
On Friday, Deutsche Bank AG DB Shares fell more than 3% after the price of the bank’s credit default swaps soared, signaling market concerns about the health of the bank.
Earlier in the week, the Federal Open Market Committee raised its target range for Fed funds by 0.25% between 4.75% and 5%. In its updated economic forecasts, the US Federal Reserve raised its forecast for core personal consumption index inflation in 2023 to 3.6% 3.5% 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
“Nvidia stock is up over 100% in 6 months. Impressed? Cramer says wait for the ‘unimaginable’‘ by Shanthi Rexaline reports this Jim Cramer sees a bright future for Nvidia Corp NVDA as the company has a “staggering” lead in providing AI microchips.
In “Almost done: BofA and Goldman Sachs expect the Fed’s rate-hiking cycle to end by mid-year amid the bank credit crunch‘ writes Piero Cingari Bank of America BAK And Goldman Sachs GS Economists say the Fed will reach the end of its rate hike cycle in the coming months
“Cathie Wood just bought this big tech stock after a long time,” by Shanthi Rexaline, reporting the number of shares held by microsoft corp MSFT acquired from Cathie Wood‘S Ark Invest after integrating the company from Open AI‘s ChatGPT.
For more bullish calls from the past week, see:
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