Benzinga’s Bulls and Bears of the Week: Tesla, Apple, Meta, Disney and a company Carl Icahn calls an example of ‘what’s wrong with corporate America’
Benzinga has reviewed the outlook for many investor-favorite stocks over the past week.
- Last week’s bullish calls included the world’s largest maker of electric vehicles and a leading tech company.
- A social media platform as well as a multinational entertainment conglomerate were among the bearish calls seen.
For the second week in a row, investors showed confidence amid the war in Ukraine and were anticipating one-year rate hikes by the Federal Reserve. The S&P 500 rose 1.8% on the week, leading to an 8.1% two-week rebound, the index’s biggest move since late 2020. The Nasdaq Composite gained 2%, leading a gain of more than 10% over the past two weeks, while the Dow Jones Industrial Average rose 0.3% for the week.
Consumer confidence for March was at its lowest level since August 2011, according to a University of Michigan survey released Friday. The survey found that Americans have a more pessimistic view of the economy, especially low-income households, for fear of lower living standards due to high inflation.
Benzinga continues to review the outlook for many of the most popular stocks with investors. Here are some of the most bullish and bearish messages from the past week that are worth revisiting.
In “Is Tesla ‘about to have a big run’? Why Jim Cramer says EV stock could drive the market higher,” Adam Eckert writes CNBC Jim Cramer says everything is lining up for Tesla Inc. TSLA just at the right time as the electric vehicle maker officially opened its new German electric vehicle factory on Tuesday.
“Apple is a ‘clear favorite’ for this analyst now that the Fed’s roadmap is clear: is the iPhone 13 a major factor?” by Shivdeep Dhaliwal, explains why the Wedbush analyst Dan Ives noted Apple Inc. AAPL remains an “undisputed favourite” as Wall Street resumes its focus on tech stocks following the Fed’s outlook on monetary policy.
“Why does the BofA analyst like Deutsche Bank shares?” by Priya Nigam, explains why a BofA analyst says Deutsche Bank AG comics is poised to benefit from rising interest rates and growing market volume.
For other bullish calls from the past week, check out the following:
Piper Sandler lists reasons for her bullish view on Qualcomm
Why Nvidia Is This Investor’s Highest Conviction Play Right Now
Ethereum to the Moon? ETH Onchain Data Shows Strong Bullish Sign
“Carl Icahn On The Fallout Of Corporate America: ‘There Could Very Well Be A Recession Or Worse'”, by Adam Eckert, explains why the activist investor Carl Icahn think “there could very well be a recession” and why Southwest Gas Holdings Inc. SWX is a quintessential example of “what’s wrong with corporate America”.
In “Facebook Parent Meta Employees Seek Greener Pastures Post Stock Meltdown,” Anusuya Lahiri writes that several Meta Platforms Inc Facebook Employees responsible for underwater stock options sought to leave the social media giant following its stock price plunge.
“Fooled by Disney Stock? Why This Investor Says Goodbye,” by Adam Eckert, explains why a major investor thinks those who bought Walt Disney Co. SAY stock at any time over the past year have fallen victim to the mousetrap.
For more bearish takes, be sure to see these messages:
Find out why RBC Capital lowered price targets for Uber and Lyft
JPMorgan downgrades Alibaba and other Chinese tech stocks after sell-off; Calls it “Uninvestable” for the next 6-12 months
Why Alibaba and Tesla Rivals Nio, Xpeng Are Slipping in Hong Kong Today
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