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August 19, 2023 11:05 AM | 3 min learn
“The Greatest Report Benzinga Has Ever Produced”
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Benzinga examined the prospects for many investors’ favorite stocks over the past week — this is a take a look at a few of our high tales.
The bears dominated on Wall Avenue this week, because the Dow sank by 2.2%, experiencing its most vital dip since March. Concurrently, the S&P 500 receded 2.1%, marking its third week of declines, an eventuality not witnessed since February. The Nasdaq Composite wasn’t spared both, contracting about 2.6% and registering its third week within the destructive, a pattern final seen in December.
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Within the midst of this, the 10-year U.S. Treasury yield surged to its zenith since October 2022 on Thursday. This ascent got here a day after the discharge of the Federal Reserve’s July assembly minutes, hinting at potential rate of interest will increase within the close to future on account of ongoing inflationary pressures.
Benzinga supplies every day studies on the shares hottest with buyers. Listed below are just a few of this previous week’s most bullish and bearish posts which can be price one other look.
The Bulls
“Tesla Stock Set For Brighter Days After 23% Post-Earnings Slide: 2 Bulls Weigh In,” by Shanthi Rexaline, underscores that, regardless of a post-earnings slide for Tesla, Inc. (NASDAQ:TSLA), analysts like Gary Black and Daniel Ives view Elon Musk’s strategic worth cuts as a constructive transfer for the corporate.
“Gene Munster Expects Nvidia Earnings To Make Or Break The Market: Why The Analyst Says The Chipmaker Is ‘Going To Deliver,'” by Adam Eckert, underscores Deepwater Asset Administration’s Gene Munster emphasizing the essential position of NVIDIA Corp‘s (NASDAQ:NVDA) upcoming earnings in shaping the broader market and his confidence within the chipmaker’s efficiency.
“Exclusive: Floki ‘Absolutely Loves’ Dogecoin, Shiba Inu; Elon Musk’s Brother Was Impressed With…” by Mehab Qureshi, reveals that builders of cryptocurrency Floki Inu (CRYPTO: FLOKI) specific admiration for meme cash Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB), crediting them for its personal success.
For extra bullish calls of the previous week, try the next:
Time To Buy Alibaba, Baidu, JD.com? Jim Cramer Gives The Greenlight: ‘Go Ahead… For Now’
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Berkshire Hathaway Is Betting On US Housing Market: Buffett Bought These Stocks, Should You?
The Bears
“Roblox Shares Sink On Short Report Saying Gaming Company Has Facilitated More Child Abuse Than Any Public Company In History,” by our Benzinga employees, particulars a report from The Bear Cave, led by Edwin Dorsey, alleging that Roblox (NYSE:RBLX) has been linked to quite a few little one abuse circumstances, inappropriate content material and different security issues.
“Snapchat’s MyAI Gone Rogue? Mysterious Stories Leave Users Alarmed And Puzzled,” by Ananya Gairola, studies that Snapchat’s MyAI chatbot, owned by Snap Inc. (NYSE:SNAP), startled customers by autonomously posting cryptic tales, resulting in widespread confusion and concern.
“The Big Short Investor Is Going Big Short: Burry’s 13F Says The Bull Of 2023 Is Over With 40,000 Puts,” by AJ Fabino, reveals that famend “The Large Quick” investor Michael Burry has taken a bearish stance, buying important put choices on SPDR S&P 500 ETF Belief (NYSE:SPY) and Invesco QQQ Belief Sequence 1 (NASDAQ:QQQ).
For extra bearish takes, you should definitely see these posts:
Meta’s ‘Twitter Killer’ Goes Down: Threads Outage Triggers Exodus To Elon Musk’s X
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“The Greatest Report Benzinga Has Ever Produced”
Huge returns are doable inside this market! For a restricted time, get entry to the Benzinga Insider Report, normally $47/month, for simply $0.99! Uncover extraordinarily undervalued inventory picks earlier than they skyrocket! Time is operating out! Act quick and safe your future wealth at this unbelievable low cost! Claim Your $0.99 Offer NOW!
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