- Benzinga has examined the prospects for a lot of investor favorite stocks over the previous week.
- Final week’s bullish calls included the iPhone maker, a high oilfield providers inventory and a pharmaceutical large.
- FAANG shares, the highest cryptocurrency and meme shares had been among the many bearish calls seen.
After a shaky start, the markets bounced again this previous week from the prior week’s dip into the crimson. The Nasdaq led the massive U.S. indexes with an virtually 3% achieve for the week, whereas the S&P 500 was up about 2% and Dow Jones industrial common about 1% greater.
COVID-19 has been creeping back into the headlines, partly because of the Tokyo Olympics. That has prompted fears that the financial restoration would possibly stumble. Each crude costs and Bitcoin slumped throughout the week, whereas chip shortages and inflation remained. The brewing debt ceiling fight in Congress is just simply getting began.
Nonetheless, the earnings-reporting season ramped up this week as properly, and powerful results from Dow Jones industrials helped buoy the markets. Whereas the primary FAANG element to publish outcomes upset, different sturdy tech sector studies have elevated the high expectations for the approaching week’s outcomes from the iPhone maker and market darling.
By means of all of it, Benzinga continued to look at the prospects for most of the shares hottest with buyers. Listed here are just a few of this previous week’s most bullish and bearish posts which might be value one other look.
“Apple May Be Trailing Google, Facebook In YTD Gains By Far But Munster Still Expects It To Be Top-Performing FAANG Stock In Rest Of 2021” by Rachit Vats examines why one bull expects massive issues from Apple Inc. (NASDAQ:AAPL) for the remainder of the yr.
In “6 Snap Analysts On Q2 Earnings: ‘Long Runway For Continued Growth’,” Shanthi Rexaline reveals how analysts really feel about digicam and social media firm Snap Inc. (NYSE:SNAP) within the wake of its newest quarterly report.
In Aaron Bry’s “Nvidia Rips Higher Into Stock Split. Former NYSE Trader Says Buy It,” uncover why NVIDIA Company (NASDAQ:NVDA) might see “numerous motion” following its 4-for-1 inventory cut up.
Nikhil Dayal’s “BofA Names Halliburton Stock As Top Oil Services Pick After Earnings Beat” discusses why one high analyst is constructive on Halliburton Firm (NYSE:HAL) regardless of a income miss.
Additionally learn Goldman Sachs Is Bullish On Halliburton: What Investors Need To Know.
The one risk for Bristol-Myers Squibb Firm (NYSE:BMY) buyers is boredom, however they acquire a 3% dividend yield as they wait. So says Adam Eckert’s “Why This Trader Expects Bristol-Myers Squibb Stock To Break Out And Trend Higher.”
One fund supervisor is now cautious of Bitcoin (CRYPTO: BTC) and the likes of Fb Inc (NASDAQ:FB), in line with “David Tice Turns Bearish On Bitcoin And Big Tech: It’s Very Dangerous To Hold Today” by Samyuktha Sriram.
Be sure you try Unidentified Bitcoin Whales Bought Close To $1B Bitcoin Over The Weekend as properly.
In “Why This Amazon Analyst Sees Risk To Short-Term Revenue Guidance,” Shanthi Rexaline appears at the potential for near-term strain on Amazon.com, Inc. (NASDAQ:AMZN) revenues as e-commerce gross sales sluggish.
Chris Katje’s “Netflix Subscriber Growth, Content, Video Games Launch: 5 Analysts Weigh In” exhibits why some Netflix Inc (NASDAQ:NFLX) analysts are cautious concerning the subscriber development and the push into video games.
“Jim Cramer To AMC, GameStop Retail Backers Says Find Yourself A ‘Boomer’ Or Trust Fund: ‘You Will Need Them’” by Madhukumar Warrier explores how the CNBC guru feels about retail buyers and meme shares corresponding to GameStop Corp. (NYSE:GME).
Jim Cramer Says Ditch Clover Health And Buy Into This Healthcare Stock Instead provides Cramer’s tackle one other meme inventory.
In Nina Zdinjak’s “Cantor Fitzgerald Lowers Price Target As Canadian Cannabis Producer Organigram Posts Q3 Earnings,” learn the way “sectoral derating” has affected Organigram Holdings Inc. (NASDAQ:OGI) inventory.
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