Benzinga examined the prospects for many traders’ favourite shares over the past week — right here’s a have a look at a few of our prime tales.
Tech shares within the Nasdaq 100, tracked by the Invesco QQQ Belief QQQ, soared this week, pushing the index to new document highs and a fifth consecutive week of positive factors, the longest streak since January.
For the week, the S&P 500 noticed a slight enhance of simply 0.03%. The tech-heavy Nasdaq outshone others with a acquire of 1.41%. In distinction, the Dow Jones dropped by 2.33%, experiencing its first detrimental week within the final 5.
Threat sentiment diminished in non-tech sectors as hawkish Federal Reserve assembly minutes and S&P International’s enterprise surveys signaled renewed inflationary issues, elevating fears of extended greater rates of interest.
Benzinga supplies every day studies on the shares hottest with traders. Listed below are a couple of of this previous week’s most bullish and bearish posts which can be price one other look.
The Bulls
“‘Nvidia Celebration Is Turning Into A Rager,’ Says Analyst After Chipmaker’s Q1 Beat That Despatched Inventory Hovering Previous $1,000 In After-Hours Buying and selling,” by Shanthi Rexaline, studies on Nvidia Corp. NVDA surpassing $1,000 per share following sturdy quarterly outcomes and steering, with analyst Gene Munster predicting a protracted tech bull market.
“High Dealer’s Ethereum Value Prediction Targets All-Time Highs In 2025,” by Murtuza Service provider, studies on a crypto dealer’s bullish prediction of Ether ETH/USD doubtlessly reaching $9,500 short-term and $12,000 to $16,000 long-term, following the approval of a spot Ethereum ETF.
“Dogecoin Reversal Imminent, Says This Analyst – Predicts Over 30% Upside”, by Aniket Verma, highlights an analyst’s prediction of a 32% rise for Dogecoin DOGE/USD resulting from an inverse head and shoulders sample, suggesting a possible value of $0.22 within the coming days.
For extra bullish calls of the previous week, try the next:
The Bears
“Roaring Kitty Telephones House? GameStop Influencer Goes Silent After ‘E.T.’ Film Clip Indicators Potential Goodbye,” by Chris Katje, particulars how Keith Gill‘s potential exit from social media after posting a clip from the film “E.T.” could dampen the rally of GameStop Company GME shares, which skilled important volatility following his latest exercise.
“US Targets Ticketmaster Dad or mum In Antitrust Lawsuit, Reside Nation Responds: ‘It Ignores All the pieces That Is Really Accountable,’” by Adam Eckert, particulars how the Division of Justice has filed an antitrust lawsuit towards Reside Nation Leisure Inc LYV, as the corporate says the go well with unfairly blames them for top ticket costs whereas ignoring different contributing elements.
“Boeing Inventory Falls As CFO Forecasts Detrimental Money Circulate, Supply Delays Amid Regulatory Scrutiny,” by Vaishali Prayag, studies on CFO Brian West‘s announcement that Boeing Firm BA expects detrimental money movement for 2024 resulting from manufacturing challenges and regulatory delays in China.
For extra bearish takes, you’ll want to see these posts:
Tesla Layoffs To Proceed Via June, Morale Low Amongst Staff
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This content material was partially produced with the assistance of AI instruments and was reviewed and printed by Benzinga editors.
Picture generated utilizing synthetic intelligence through Midjourney.
