2024-05-04 16:53
Benzinga examined the prospects for many investors‘ favorite stocks over the last week — here’s a look at some of our top stories.
Stock markets ended the week on a high note following reassuring comments from Federal Reserve Chair Jerome Powell.
As the market digested recent inflation surprises, Powell signaled a pause in interest rate hikes, aiming to stabilize inflation around the central banks 2% target. This announcement helped the Dow and Nasdaq climb 1.14% and 1.43% respectively, while the S&P 500 saw a modest gain of 0.55% this week.
In labor market news, signs of cooling were evident as April‘s job growth slowed compared to March, and the unemployment rate unexpectedly ticked higher. This mixed economic data supports the Fed’s decision to hold rates steady as it monitors economic indicators.
Benzinga provides daily reports on the stocks most popular with investors. Here are a few of this past weeks most bullish and bearish posts that are worth another look.
The Bulls
“Jim Cramer Says Tesla Stock Will Keep Running Until All Shorts Are Crushed, Praises Elon Musk‘s Charisma,” by Shanthi Rexaline, covers Jim Cramer’sopinion that Tesla Inc.TSLA will continue to rise as long as short sellers target it, crediting Elon Musksdynamic leadership for bolstering investor confidence.
“Are Dogecoin And Shiba Inu Due A Bounce? This Trader Sees ‘Bull Flag’ Forming For One Coin,” by Khyathi Dalal, discusses chart analyst Ali Martinezsprediction of a bullish breakout for Shiba InuSHIB/USD, despite a turbulent period for both it and DogecoinDOGE/USD.
“Gene Munster‘s Take On Apple’s Q2 Beat, June Quarter Guidance: ‘Things Get Easier For Apple In The Back Half Of Year,'” by Shanthi Rexaline, details Apple, Inc.’s AAPL promising outlook as per Gene Munster, following Q2 financial success and notable shareholder returns.
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