Benzinga examined the prospects for many investors' favorite stocks over the last week — here's a look at some of our top stories.
It was another green week on Wall Street as the Dow Jones Industrial Average climbed 1.27%, the S&P 500 ascended by 1%, and the Nasdaq Composite increased by 0.89%, marking the longest stretch of weekly gains since June for the S&P 500 and Nasdaq, and since April for the Dow.
The Federal Reserve's minutes revealed no significant surprises, maintaining a stance on restrictive interest rates and signaling no rate hikes for December, with the market anticipating four rate cuts by 2024.
Stability in U.S. private sector activity was seen in November, with a downturn in manufacturing offset by a notable rise in services, according to the S&P Global PMI. Employment trends show a contraction, but there is a movement towards easing price pressures, aligning with the Federal Reserve’s 2% inflation target.
Benzinga provides daily reports on the stocks most popular with investors. Here are a few of this past week's most bullish and bearish posts that are worth another look.
The Bulls
AMZN) stock will reach $200 in 2024, driven by AI's impact on growth.
NVDA) Q3 results, emphasizing AI's role in tech growth despite China-related setbacks.
DOGE) based on a technical signal.
For additional bullish calls of the past week, check out the following:
Apple, Google Wanted A 'Deep, Deep' Partnership And To Work 'As If We Are One Company
Jim Cramer Says He Was 'Premature' In Selling Bitcoin: 'If You Like Bitcoin, Buy Bitcoin'
The Bears
GM) is cutting costs by not investing in Super Bowl commercials, possibly due to the financial impact of UAW strikes.
NFLX) for injuries sustained during filming.
AAPL) by Venmo and Cash App users, alleging antitrust violations in mobile peer-to-peer payments.
For more bearish takes, be sure to see these posts:
Analyst Assess Implications Of Bristol-Myers Investigational Blood Thinner Post Bayer Setback
Short Seller Hedge Funds Rack Up $43B Loss In Recent Market Rally
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