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 Nasdaq led Wall Street this week as investors absorbed quarterly earnings from big tech companies and the Fed’s quarter-point rate hike. The S&P 500 hit its highest level in five months and ended the week up 1.6%, the Dow Jones Industrial Average fell 0.15% and the Nasdaq Composite was up 3.31% for the week.
On Wednesday, the US Federal Reserve announced an increase in interest rate targets for fed funds by 0.25% to a new bandwidth between 4.5% and 4.75%. After that, the Labor Department reported on Friday that the US economy added 517,000 jobs in January, well above economists’ estimates 187,000 new jobs.
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
“Elon Musk gives important update on Tesla Cybertruck production: “It’s amazing”‘ by Shanthi Rexaline, reports further Tesla Inc TSLA CEO Elon Musk’s Reacting after reviewing the company’s long-awaited Cybertruck, which is slated to go into production this summer.
In “Zuckerberg contemplates a slice of AI pie amid ChatGPT enthusiasm: “One of my goals for Meta is…”This is what Shivdeep Dhaliwal writes Metaplatforms Inc META CEO Mark Zuckerberg discussed the company’s use of AI during this week’s fourth-quarter earnings conference call.
“Forget Dogecoin, Shiba Inu, this cryptocurrency named after Elon Musk’s pet that surged 200% in January‘, by Mehab Qureshi, describes the surge in price that meme coins have experienced Floki FLOKI/USDthe surpassed Dogecoins DOGE/USD and Shiba Inu SHIB/USD in January.
For more bullish calls from the past week, see:
Nvidia is the beating heart of the AI supercycle: Why Gerstner bought shares of Altimeter…
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