Benzinga examined the prospects for many investors' favorite stocks over the last week — here's a look at some of our top stories.
The S&P 500 wrapped up 2023 with a 24% gain, driven by slowing inflation, a strong economy, and the Federal Reserve's hints at ending its rate increases. Despite a slight decline on the final trading day, finishing at 4,769.83, the index nearly reached a record high, falling short by just under 0.2%.
The year concluded positively, with the index experiencing its most extended period of consecutive gains since 2004.
The surge was partly attributed to the strong performance of Big Tech stocks and growing excitement around artificial intelligence, propelling the Nasdaq Composite to its most successful year since 2020.
Both the Dow and Nasdaq also finished the week on an upbeat note, achieving their longest weekly winning streaks since 2019.
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
MSFT), driven by its AI advancements and potential $25 billion revenue increase from its Co-Pilot chatbot.
BTC) futures ETF products.
DOGE) addresses may be a precursor to a potential rally for the meme crypto.
For additional bullish calls of the past week, check out the following:
Crypto Analyst Says This 'Ethereum Killer' Will Get Him Rich In 2024: 'My Thesis On Solana Was..'
Tesla Could Start 2024 With A Bang: India Division, Manufacturing Facility Rumors Heat Up
The Bears
TSLA) sales and brand reputation, despite his continued bullish stance on the company.
AAPL) over alleged patent infringement and talent poaching related to the Apple Watch's blood-oxygen monitoring feature.
PLUG), including financial woes, project delays, and regulatory issues, casting doubt on its ambitious hydrogen ecosystem plans.
For more bearish takes, be sure to see these posts:
'Rapid Descent': Mortgage Rates Are Shocking Experts. Is Housing Getting More Affordable?
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