March 4, 2023 3:01 PM | 3 min learn
Benzinga examined the prospects for many investors’ favorite stocks during the last week — this is a have a look at a few of our high tales.
Feedback from a Fed official put Wall Road in a bullish temper to finish the week, as all three main indexes completed larger. The S&P 500 rose by 1.9%, the Dow Industrial Common climbed by 1.17% and the Nasdaq Composite was up by 2.6% on the week.
On Thursday, Atlanta Fed President Raphael Bostic stated he doesn’t see a necessity for the Fed to extend the tempo of rate of interest hikes from 0.25% to 0.5%, even after January inflation information got here in hotter than anticipated.
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On Friday, Comerica Financial institution’s Chief Economist Invoice Adams stated the Fed is more likely to increase the fed funds charge 1 / 4 proportion level at every of their subsequent three conferences, to a variety of 5.25%-5.5%, and maintain it at that degree through March 2024.
Benzinga offers day by day stories on the shares hottest with traders. Listed here are a couple of of this previous week’s most bullish and bearish posts which can be price one other look.
The Bulls
“No More FOMO: Microsoft’s Phone Link App Will Allow Apple Users To Access iMessage On Windows,” by Ananya Girola, stories that Microsoft Company (NASDAQ:MSFT) is ready to launch a Cellphone Hyperlink App that may allow Apple Inc (NASDAQ:AAPL) customers to entry iMessage and notifications on Home windows, identical to Android customers do.
In “Elon Musk’s Embrace Of Cannabis On Twitter: Weed Companies Still Celebrating Win-Win Situation,” Maureen Meehan outlines how Twitter CEO Elon Musk‘s resolution to permit hashish manufacturers on the social media platform could possibly be a giant increase to corporations like Trulieve Hashish Corp (OTC:TCNNF).
“Dogecoin Could Surge 50% To $0.11, Says Crypto Analyst — Urges Elon Musk ‘To Make It Happen,’” by Mehab Qureshi, explains why a crypto analyst predicts that Dogecoin (CRYPTO: DOGE) may surge as a lot as 50%, and is looking on Elon Musk to “make it occur.”
For added bullish calls of the previous week, take a look at the next:
Study Shows This Rivian Vehicle Is Beating Tesla In EV Customer Satisfaction
‘Mona Lisa’ Of Sneakers Go On Sale: What You Need To Know About The Unique Jordans
The Bears
In “Tesla Investor Day ‘Long On Aspiration, Short On Details:’ Analyst Explains After-Hours Stock Slump,” Shanthi Rexaline writes that Future Fund co-founder Gary Black was underwhelmed by Tesla Inc’s (NASDAQ:TSLA) Investor Day, saying it was “long on aspiration, brief on element.”
“Jim Cramer Says He’s Known Novavax Is ‘Worthless’ For ‘Very Long Time,’ Trashes Company For Being Too ‘Promotional,’” by Adam Eckert, stories on why Jim Cramer referred to as Novavax Inc (NASDAQ:NVAX) “not phony, however nugatory” as the corporate’s shares crashed on Wednesday.
In “Bitcoin, Ethereum, Dogecoin Slide On Silvergate Panic: Analyst Says ‘Time For A Squeeze’ As Crypto Market Sees $240M Wipeout,” Mehab Qureshi particulars the sudden dip within the costs of Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) on information of troubles at Silvergate Capital Corp (NYSE:SI).
For extra bearish takes, make sure to see these posts:
Robinhood Faces SEC Probe Over Crypto Business Amid Regulatory Crackdown
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