Benzinga examined the prospects for many investors’ favorite stocks over the last week — here’s a look at some of our top stories.
The markets ended the week on a high note, as the Dow Industrial Average marked its best three-week run since November 2020. All three indexes finished the week in the green, the Dow was up by 3.4%, the S&P 500 climbed 2.93% and the Nasdaq Composite gained 2.69%.
Investors are keeping a close eye on the Federal Reserve’s monetary policy decisions in its effort to cool red-hot inflation numbers.
The Fed is set to raise interest rates by 750 basis points at its Nov. 1-2 meeting, but officials are now considering a smaller increase in December, according to a Wall Street Journal report.
Benzinga continues to examine the prospects for many of the stocks most popular with investors. Here are a few of this past week’s most bullish and bearish posts that are worth another look.
“Netflix Co-CEO Hastings: ‘Thank God We’re Done With Shrinking Quarters’” by Shivdeep Dhaliwal highlights comments from Netflix Inc NFLX Co-CEO Reed Hastings after the streaming giant snapped its streak of receding quarterly numbers this week.
“Microsoft Takes On Apple And Google, Plans Xbox Mobile Game Store On Heels Of Activision Blizzard Deal” by Ananya Gairola reports that Microsoft Corporation MSFT is gearing up to challenge Apple Inc AAPL and Alphabet Inc’s GOOG GOOGL Google by building a Xbox mobile store to offer games on mobile devices directly.
“Breaking Down The Roblox Rally In A Market Looking For Good News” by Joel Elconin outlines the upbeat September 2022 key metrics reported by Roblox Corp RBLX this week.
For additional bullish calls of the past week, check out the following:
In “Elon Musk Could Sell $5B Tesla Shares To Fund Twitter Deal Next Week — But Analyst Predicts Rally Once ‘Overhang Lifts,’” Shanthi Rexaline explains why Future Fund’s Gary Black says Elon Musk could sell about $5 billion of his Tesla Inc TSLA shares by Oct. 28.
“Starbucks Unionized Workers Sue Coffee Chain For Filing Assault, Kidnapping Charges After Wage Hike Request” by Shivdeep Dhaliwal details a lawsuit filed by Starbucks Corporation SBUX employees who allege the company made false accusations against them.
“‘Dear, Government: No More Bitcoin!’ Crypto Was A Failure In This Nation, Survey Says” by Murtuza Merchant looks at a new survey of El Salvador citizens that finds most think the country’s adoption of Bitcoin BTC/USD has been a failure.
For more bearish takes, be sure to see these posts: