© Reuters. Benzinga’s Bulls and Bears of the Week: Coinbase, Tesla, Apple, Nvidia, Planet Fitness and This Former Automaker
Benzinga has reviewed the outlook for many investors’ favorite stocks over the past week, while offering 24/7 news feed, live chat and charting software on Benzinga Pro.
Investors finally got a break this week as all three major indexes finally posted a gain for the week. The S&P 500 and ended a seven-week losing streak, while the ended an eight-week losing streak.
The S&P 500 rose 6.09% on the week, the Nasdaq saw an even stronger comeback with a gain of 6.45% and the Dow Industrials rose 5.79%.
While the rally brings a moment of relief to markets, stormy clouds remain on the financial horizon. Investors remain cautious in light of the Fed’s May meeting minutes, released this week, which show central bank officials’ agreement to several 50 basis point rate hikes.
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.
The Bulls “Cathie Wood Continues To Show Faith In, : Loads Up On 2 Crypto-Linked Stocks”, by Rachit Vats, examines the number of shares of Coinbase (NASDAQ:) Global Inc (NASDAQ:COIN) and Block Inc (NYSE : SQ) were scooped up this week by Ark Investment Management, led by Cathie Wood.
In “Apple App Store Analysis: This Fitness App Just Passed Facebook (NASDAQ:), Snapchat, Amazon (NASDAQ:), Netflix (NASDAQ:) And Disney+,” Adam Eckert reveals why the Planet Fitness Inc (NYSE: PLNT) mobile app ) took first place in the “Top Free Apps” section of the iOS App Store.
“Nvidia Announces New Liquid-Cooled GPUs: How It Will Double Data Center Computing Power”, by Shanthi Rexaline, details the first data center PCle GPU with direct chip liquid cooling unveiled by Nvidia Corporation (NASDAQ: NVDA) at “Computex 2022,” In Taiwan.
For other bullish calls from the past week, check out the following:
Elon Musk’s SpaceX gets 25% higher valuation in latest funding amid sexual harassment allegations
This Investor Just Sold Apple Stock to Buy Microsoft (NASDAQ:): Here’s Why
Pfizer (NYSE:) Combination Therapy for Fatty Liver Disease Obtains FDA Fast Track Status
The Bears “Ford To Pay $19.2M In Multi-State Settlement For False Advertising Claims”, by Akanksha Bakshi, examines a multi-state settlement involving Ford Motor Company (NYSE:NYSE:) over allegations that the automaker falsely represented real-world fuel economy and payload capacity for various hybrids and pickup trucks.
In “Tesla Battery Permit For Giga Texas Challenged By Environmentalists: Here’s What They Want,” Rachit Vats explains why a group of environmentalists asked the city of Austin to deny Tesla Inc (NASDAQ:TSLA) permits for construction of a battery cathode installation near the Colorado River.
“Workers Rebel Against Apple’s Main Chinese Supplier, Country’s Covid Executive Order,” by Anusuya Lahiri, examines why low-wage workers at an Apple Inc (NASDAQ:NASDAQ:) supplier in Shanghai rebel against their supervisors.
For more bearish takes, be sure to see these messages:
iPhone development reportedly hit by lockdowns in China; Apple asks suppliers to speed up
Snap’s warning has implications for these 6 actions
Analysis: Is Disney preparing films to fail at the box office?
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