Benzinga conducted an in-depth assessment of investors’ beloved stocks’ potential over the last week. Let’s delve into some of the key highlights.
The S&P 500 witnessed a 2.3% surge, with the Dow Jones not far behind, boasting a near 2% increase, its most robust showing since December. The Nasdaq outpaced them all, leaping by close to 2.9%.
Despite mounting inflation concerns and favorable economic signals that could avert a downturn, the Federal Reserve maintained interest rates but hinted at potential cuts of up to 75 basis points later this year. Fed Chair Jerome Powell‘s remarks infused the market with fresh optimism, dispelling worries about delayed monetary interventions in light of recent inflation spikes.
Benzinga offers daily insights into the stocks capturing investors’ imaginations. This week’s array of bullish and bearish narratives certainly make for compelling reading.
Bullish Developments
“Jim Cramer Calls The Bottom In Tesla Stock, Why He Says ‘Right Now’ Is The Time To Buy,” by Adam Eckert, details Jim Cramer‘s affirmation that Tesla Inc. TSLA may have reached its nadir, advocating for investment at this opportune moment.
“Is Nvidia Stock Split Coming? CEO Jensen Huang Tells Cramer ‘We’ll Think About It’ As Shares Hover Around $890 Range,” by Shanthi Rexaline, captures Nvidia Corporation‘s NVDA CEO Jensen Huang contemplating a stock split, given the company’s shares lingering in the $890 territory.
“Shiba Inu Interest Hits 2-Year High On Google: The 10 Countries With The Most Searches For Dogecoin Rival,” by Chris Katje, spotlights the global surge in curiosity surrounding Shiba Inu SHIB/USD as Google searches spike to a two-year peak, underscoring its escalating popularity vis-a-vis Dogecoin across ten prominent nations.
For more bullish narratives from the past week, be sure to explore:
5 Technologies That Could Be Worth $220 Trillion By 2030, Cathie Wood’s ARK Predicts: ‘The Time Is Now
Apple Quietly Unveils New Multimodal AI With A Staggering 30B Parameters; Could It Power Text And Visual Features on iPhones?
We Need To Bring This Back! Ford CEO Jim Farley Wants To Revive Psychedelic 1970s Bronco
Bearish Trends
“Peter Schiff Criticizes CNBC As ‘Paid Bitcoin Promoter,’ Predicts An Even Bigger Crash Ahead,” by Khyathi Dalal, conveys Peter Schiff‘s accusations against CNBC for allegedly favoring Bitcoin BTC/USD, alongside his forecast of a looming, more severe downturn in the cryptocurrency sector.
“Tesla Stock Price Projections Lowered Due To Production, Sales Challenges: Goldman Sachs,” by Piero Cingari, reports on Goldman Sachs revising its Tesla forecasts downward due to persistent hurdles in production and sales that are impacting the automaker’s performance.
“Taiwan Semi And Intel Hit Roadblocks In Arizona – High Costs And Labor Shortages Challenge Chip Supply Ambitions,” by Anusuya Lahiri, delves into the obstacles faced by Taiwan Semiconductor Manufacturing Co. TSM and Intel Corp. INTC in Arizona, including surging costs
and labor scarcities that are hindering their chip supply aspirations.
For more bearish perspectives, do explore these recent articles:
‘I Am Going With Warren On This One:’ Bitcoin Is ‘Still Thin Air,’ Says Personal Finance Guru Dave Ramsey Despite Trillion-Dollar Market Cap
Bitcoin In ‘Danger Zone’ Ahead Of Halving: Trader Warns Of Potential Price Drop
Gas Prices Set For Summer Spike: West Coast Consumers Already Paying More Than $4 A Gallon
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This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo: Benzinga.
