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.
The bullish sentiment that began on Wall Street in 2023 continued this week, with the tech-heavy Nasdaq leading markets higher. The S&P 500 rose 2.47%, the Dow Industrials gained 1.81% and the Nasdaq ended the week 4.32% higher.
On Thursday, the Department of Commerce reported US GDP grew by 2.9% in the fourth quarter, ahead of economists’ estimates of a 2.6% gain. On Friday, the Bureau of Economic Analysis reported that the personal consumption price index rose 5% in December, compared with a 5.5% rise in November and below economists’ estimates of a gain of 5.5%.
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
“Are Cybertruck Expectations for 2023 Too High? Musk says: “I wouldn’t think too much about starting production”“ by Chris Katje, see new details provided by Tesla Inc TSLA chairman Elon Musk about the upcoming debut of the Cybertruck electric pickup.
In “Why Bill Ackman says this company could be the next Berkshire Hathaway‘ Wayne Duggan explains why Pershing Square chairman Bill Ackman sees similarities between WeCommerce Holdings Ltd WECMF and Berkshire Hathaway Inc (NYSE: BRK-A) (NYSE:-BRK-B).
“3 trillion Shiba Inu transferred to mysterious wallet after Kusama confirms massive burns ahead of Shibarium launch,” by Mehab Qureshi, examines why the recent move of three trillion Shiba Inu SHIB/USD Tokens into an unknown wallet are being watched with excitement by the crypto community.
For more bullish calls from the past week, see:
Alibaba Consolidates Bull Flag Breakout: Here’s Happening
5 REITs with the highest dividends: how to supercharge your portfolio
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