This week, the U.S. stock markets experienced a surge, with the S&P 500, Nasdaq Composite, and Dow Jones Industrial Average all achieving record highs. The thrill stemmed from growing excitement around AI investments and anticipation of Federal Reserve rate cuts.
The S&P 500 saw a rise of approximately 1.1%, the tech-centric Nasdaq Composite increased by around 0.9%, and the Dow experienced a gain of about 0.7%.
December’s core personal consumption expenditures price index, though in line with monthly expectations, slightly missed the yearly forecasts. This index holds significance as a crucial inflation measure for the Federal Reserve in its monetary policy decisions.
Benzinga provides daily reports on the stocks most popular with investors. Here’s a look at some of the top stories from the past week.
Positive Evaluations
“Nvidia, AMD To Triumph Over Q4 Market Weakness With Cutting-Edge AI, Says Analyst: What To Expect From The Chipmakers” by Shanthi Rexaline, discusses the expectation that Nvidia Corp. and Advanced Micro Devices, Inc. are poised to outperform Q4 market challenges due to their advancements in AI technology.
“Amazon Stock Cheapest It’s Been In Years? Why This Investor Keeps Buying Up Shares” by Adam Eckert explains Stephanie Link’s continued investment in Amazon.com Inc. due to its appealing valuation and diverse growth avenues, especially in AWS and retail margins.
“DOGE To Hit 10 Cents? Crypto Analyst Predicts Dogecoin Rally On Musk’s X App Payment Buzz, Says ‘Coins Like FLOKI Will Follow'” by Mehab Qureshi discusses predictions of Dogecoin’s rise to $0.10, fueled by speculations around its integration with Elon Musk’s X app payment feature and the potential knock-on effect on similar coins like FLOKI.
For additional bullish calls of the past week, check out the following:
$3,500 Apple Headset? No Problem! Apple Vision Pro Blows Past Expectations, Wedbush Upgrades 2024 Sales Prediction
Robinhood’s Financial Trajectory Looks Upward With Fresh Strategy, Analyst Weighs In
Alibaba Springs Back To Life As Co-Founders Scoop Up Shares: ‘It’s Jack Ma — Hot For His Stock’
Negative Assessments
“Tesla Analysts Cut Projections After Q4 Results: Stock ‘Egregiously Overvalued,’ ‘Difficult To Get Optimistic'” by Chris Katje highlights analysts’ cautious stance on Tesla Inc. post-Q4 earnings, citing lower delivery growth and declining margins as key concerns.
“Arthur Hayes On Bitcoin: ‘I Think We Break $40K,’ Traders See ‘Halving In 4 Months’ For Next Price Upswing” by Khyathi Dalal reveals BitMEX co-founder Arthur Hayes’ prediction of Bitcoin (BTC/USD) dropping below $40,000, contrasting with his previous more bullish outlook.
“Apple’s Vision Pro Hits Pre-Order Jackpot, But Analyst Warns Of Demand Dip Ahead Based On Crucial Metric” by Ananya Gairola highlights Ming-Chi Kuo’s analysis of Apple Inc.’s Vision Pro pre-orders, suggesting initial success but potential future demand challenges based on unchanged shipping times post-launch.
For more bearish takes, be sure to see these posts:
Jim Cramer Cut Tesla From The ‘Magnificent 7’: Here’s His New Name For The Basket Of Mega-Cap Tech Stocks
Plug Power Analyst Turns Bearish: ‘Even With $1.6 Billion In Funding We Are Skeptical’
Google’s Sundar Pichai Wants To Focus On ‘Durable Cost Savings’ In 2024 While His Engineers Ring Alarm Bells Over ‘Lack Of Vision’