September 2, 2023 9:22 AM | 3 min learn
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Benzinga examined the prospects for many investors’ favorite stocks during the last week — here is a have a look at a few of our high tales.
The Dow Jones and the Nasdaq Composite had their finest weeks since July, with will increase of 1.4% and three.3% respectively, whereas the S&P 500 noticed its highest weekly achieve since June at 2.5%. This efficiency got here because the U.S. economic system skilled some fluctuating indicators.
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Unemployment within the U.S. rose barely to three.8% in August, its peak in over a 12 months, defying economists’ forecasts that it will maintain at 3.5%. Concurrently, the Federal Reserve’s favored inflation measure, the Private Consumption Expenditures index, rose 3.3% YoY in July, aligning with specialists’ estimates, and August job development surpassed expectations with 187,000 new non-farm jobs, regardless of a drop in job openings to 8.8 million.
Benzinga gives day by day studies on the shares hottest with traders. Listed below are a number of of this previous week’s most bullish and bearish posts which can be price one other look.
The Bulls
“Exclusive: Watch Cathie Wood Predict SEC’s Loss In Bitcoin ETF Case In Benzinga Interview,” by Chris Katje, discusses Ark Make investments founder Cathie Wooden‘s prediction that the SEC will lose its case in opposition to Grayscale Investments, probably paving the best way for a number of Bitcoin (CRYPTO: BTC) ETF approvals and driving up demand for the apex crypto.
“Dan Ives Calls August Slump ‘Half-Time of a Super Bowl Rally’ in Tech, Targets Nvidia,” by Adam Eckert, discusses Wedbush analyst Dan Ives‘ bullish outlook on the tech sector, significantly spotlighting Nvidia Corp (NASDAQ:NVDA) and Apple Inc (NASDAQ:AAPL), predicting a 12% to fifteen% rally by 12 months’s finish fueled by unprecedented development.
“Exclusive: Michael Van de Poppe Says Dogecoin Will Skyrocket 150% If Elon Musk Integrates DOGE Into X,” by Mehab Qureshi, highlights that crypto analyst Michael Van de Poppe predicts a 150% surge in Dogecoin (CRYPTO: DOGE) if Elon Musk integrates the cryptocurrency into his platform, X, fueling hypothesis and a rally in meme cash.
For extra bullish calls of the previous week, try the next:
Crypto Market To Soar In 2024, Billions In Capital Will Flood Into Sector, Says Analyst
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Exxon’s Predictions For 2050: Oil And Gas Continue To Dominate, Climate Goals At Risk
The Bears
“Tesla Offers Deep Discounts On Inventory Model 3 EVs In US, Canada Even As Stock Stutters Amid Price Cuts,” by Shanthi Rexaline, studies that Tesla, Inc. (NASDAQ:TSLA) is providing important reductions on its Mannequin 3 stock within the U.S. and Canada, elevating considerations about demand and margins even because the inventory struggles.
“AMC’s All-Time Lows May Go Lower As Silver Screens Fade To Black,” by AJ Fabino, reveals that AMC Leisure Holdings Inc (NYSE:AMC) is grappling with all-time low inventory costs and a bleak future, exacerbated by ongoing Hollywood strikes and a weaker-than-expected 2024 film slate.
“Gold Bull Peter Schiff Says Spot Bitcoin ETF Does Nothing To Increase Adoption, ‘All It Does Is Facilitate Gambling’,” by an unnamed writer, outlines gold advocate Peter Schiff‘s skepticism in regards to the influence of a Bitcoin (CRYPTO: BTC) ETF, arguing that it merely facilitates speculative betting with out contributing to Bitcoin’s use case as a foreign money.
For extra bearish takes, you should definitely see these posts:
Palantir’s AI Euphoria May Fade Due To Lack Of Monetization Strategy: Analyst
Tesla Investor Says VinFast, At $200B Market Cap, ‘Even Bigger Bubble’ Than Nikola Was In 2020
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“The Finest Report Benzinga Has Ever Produced”
Large returns are doable inside this market! For a restricted time, get entry to the Benzinga Insider Report, often $47/month, for simply $0.99! Uncover extraordinarily undervalued inventory picks earlier than they skyrocket! Time is operating out! Act quick and safe your future wealth at this unbelievable low cost! Claim Your $0.99 Offer NOW!
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