Last week was a rollercoaster ride for investors as all three major stock indexes closed with losses. The S&P 500 dipped by 0.26%, the Dow saw a decline of 0.93%, and the Nasdaq fell by 1.17%, experiencing its worst performance in months.
February’s job report brought mixed news for the Federal Reserve, with an unexpected addition of 275,000 jobs, surpassing the estimated 198,000. However, the rise in the unemployment rate to 3.9% and lower-than-anticipated wage growth hinted at a possible alleviation of inflation pressures.
Benzinga’s daily reports offer insights into the most favored stocks among investors. Let’s delve into some of the most bullish and bearish stories that caught our attention.
The Bright Side: Bulls
The market buzzed with Jim Cramer’s revelation that the surge in Bitcoin (BTC/USD) was driven by distrust in fiat currencies rather than ETF impacts.
Forecasts of another stock split loom over Nvidia Corp (NVDA) as its price nears $1,000, aiming to enhance accessibility for small investors.
A compelling prediction emerged from a crypto analyst, foreseeing Dogecoin (DOGE/USD) hitting $0.67, underscoring its potential growth and heightened public interest compared to Shiba Inu (SHIB/USD).
For more bullish narratives, consider exploring:
Insights into Palantir’s Reddit resonance on WallStreetBets
Robinhood’s milestone of over $10 billion in overnight trading, embracing 922 tickers: A glance into the future of investing
Airlines tapping into a lucrative revenue stream through carry-on baggage
The Downturn: Bears
The bearish sentiment hit hard as Gary Black significantly downsized his Tesla, Inc. (TSLA) holdings, citing overly optimistic delivery estimates and potential price cuts.
Apple Inc. (AAPL) realized the need for a revamp, after investing $1 billion annually for a decade in a car project conceptualized by Steve Jobs, signaling a crucial strategy shift.
An ominous prophecy from a former Google employee, Eric Lehman, forewarned Alphabet Inc.‘s (GOOGGOOGL) search engine of the looming threat of AI disrupting revenues, a caution issued five years ago.
For more bearish tales, explore:
Josh Brown’s venture into a stock trading at 11-year lows, offering a 6.5% dividend: A story of resilience
Coinbase’s struggle in the shadow of Bitcoin’s shine at $67,000: Users flocking to exchanges signal a turning tide
Disney CEO Bob Iger’s tough choice to cancel projects amidst a box office slump, a difficult decision in the unforgiving entertainment industry
