Benzinga has delved into the fate of the week’s most favored stocks. Here’s an overview of some of our top stories.
The S&P 500 index skyrocketed beyond 5,000 points in the past week, propelled by AI exuberance, with both the S&P 500 and Nasdaq 100 notching their 14th positive week in the last 15 weeks. The “Magnificent Seven” tech giants have collectively hit a market value of $13 trillion, nearly equating to the GDPs of Germany, Japan, and India, and comprising nearly half of the U.S. economy’s size.
Treasury Secretary Janet Yellen expressed apprehensions about the commercial real estate sector and digital assets’ risks to the House Financial Services Committee, while holding a sanguine view on the U.S. economy’s growth and labor market robustness.
She underscored the necessity of regulatory measures on digital assets and highlighted the significance of fiscal sustainability amid the mounting national debt, advocating for deficit reduction alongside economic investment.
Benzinga regularly furnishes reports on the stocks most in vogue with investors. Here’s a quick revisit to some of the markedly bullish and bearish articles from the week.
Bullish Standpoints
“Tesla Stock Caught In ‘Category 5 Hurricane’ Due To Musk Compensation Plan: 3 Ways This Analyst Would Fix The Problem” by Chris Katje dissects Tesla Inc.’s confrontations stemming from a voided compensation scheme for CEO Elon Musk. A bullish analyst proposes a resolution involving a fresh compensation package and relocating Tesla’s incorporation from Delaware to Texas.
“Crypto Analyst Sees This Dog Coin As ‘THE Meme Coin For This Bull Run'” authored by Mehab Qureshi elucidates a crypto analyst’s prediction of Floki as the standout meme coin during the ongoing bull run, potentially mirroring Dogecoin’s momentous surge in 2021.
“Jim Cramer Admits Palantir CEO Alex Karp’s ‘Insanity Is Growing On Me’ After Q4 Earnings Call: ‘Narrative Is Compelling'” by Shanthi Rexaline encapsulates Jim Cramer’s burgeoning admiration for Palantir Technologies Inc. CEO Alex Karp following the company’s Q4 earnings that matched profit estimates and exceeded revenue forecasts.
For more bullish insights from the past week, consider:
“Is Tesla Still A Magnificent 7 Stock? EV Maker Could Get Bumped By These Companies”
“AMD’s Latest Innovation – A New Way to Accelerate Product Launches”
“Former Apple CEO John Sculley Compares Apple Vision Pro To iPhone: ‘What Tim Cook And His Team Have Done Is More Than Extraordinary'”
Bearish Trends
“Magnificent 7 Eye $13-Trillion Market Cap: ‘They Are Sucking All The Air Out Of The Universe,’ Wall Street Veteran Says” by Piero Cingari outlines concerns over market concentration and potential implications for equity indices as the collective market cap of Apple Inc., Microsoft Corp., and five other tech behemoths nears $13 trillion.
“Elon Musk Calls Disney ‘DEI Gestapo’ After Memo Leak: ‘No Wonder Most Of Their Content … Has Sucked'” by Rounak Jain reveals Musk’s criticism of Walt Disney Co.’s diversity policies, attributing them to the perceived dip in the quality of Disney’s content.
“PayPal Stock Dives After Q4 Earnings: Management ‘Set A Low Bar’ For 2024, Says Analyst” by Priya Nigam discusses the substantial slump in PayPal Holdings Inc shares post Q4 earnings, with analysts attributing the decline to management’s conservative 2024 outlook.
To explore further pessimistic perspectives, peruse these articles:
“Wall Street’s ‘Dean Of Valuation’ Says Nvidia Stock Is ‘Priced To The Point Of Insanity,’ But These 2 Magnificent 7 Stocks Can Be Bought Right Now”
“Market Correction Coming? Fundstrat’s Tom Lee Issues Warning As S&P 500 Nears 5,000 Mark: ‘I Think A Drawdown Follows'”
“Yellen Warns Non-Bank Lenders Could Fail As Household Finances Become Stretched”
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