Benzinga Bulls And Bears: Tesla, Microsoft, Bitcoin And Why Dogecoin Appears On Verge Of Major Breakout
Benzinga
Published Nov 18, 2023 17:22
Updated Nov 18, 2023 18:40
Benzinga Bulls And Bears: Tesla, Microsoft, Bitcoin And Why Dogecoin Appears On Verge Of Major Breakout
Benzinga - by Michael Cohen, Benzinga Editor.
Benzinga examined the prospects for many investors' favorite stocks over the last week — here's a look at some of our top stories.
The major stock indexes have all seen their third consecutive week of gains, with the S&P 500 climbing 2.2%, the Nasdaq increasing by about 2.4%, and the Dow Jones advancing 1.9%.
October's U.S. inflation rate slowed to 3.2% year-over-year, a decrease from September's 3.7% and slightly under the anticipated 3.3%. The Producer Price Index dropped by 0.5% month-on-month, indicating the first move toward deflation since May 2023, while retail sales contracted by 0.1% month-on-month.
Meanwhile, Benzinga's two-day event in New York this week brought together leading voices in fintech and digital assets to discuss key issues like blockchain's influence, investment democratization, advancements in crypto ETFs and other significant topics.
Benzinga provides daily reports on 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.
The Bulls "Exclusive: Amazon's Web3/Blockchain Head Talks Bitcoin ETF, Advances in Stablecoins, Tokenization Accelerating Institutional Adoption," by Adam Eckert, discusses John Liu, head of product, Web3 and blockchain, at Amazon.com Inc. (NASDAQ: AMZN), highlighting the potential of a Bitcoin (CRYPTO: BTC) ETF and the impact of stablecoins and asset tokenization on the future of finance.
"Wedbush's Ives Raises Microsoft Target To $425 On The Back Of Game-Changing AI Monetization, Same Day Redmond Announces Two Custom Chips," by Ananya Gairola, reports on Dan Ives of Wedbush raising the price target for Microsoft Corporation (NASDAQ: MSFT) to $425, citing advancements in AI and new custom computing chips.
"Dogecoin Leading The Altcoin Charge: Crypto Analyst Points To Technical Breakout," by Mehab Qureshi, highlights a crypto analyst's prediction that Dogecoin (CRYPTO: DOGE) may be on the verge of a major rally, based on technical indicators and breakout patterns.
For additional bullish calls of the past week, check out the following:
Avalanche Or Solana, Which Of These Ethereum Killers Has Given Superior Returns This Year
EXCLUSIVE: Crypto Industry Insider Predicts Bitcoin Spot ETF In Early 2024 — Why It's 'Not Entirely Priced In'
Cathie Wood Praises Tesla's Robot Army, AI Data: 'Legacy Autos Are Pulling Away'
The Bears "Tesla China Sales Continue To Languish, New Data Shows; Will Upside Price Tweaks Aggravate The Trend?" by Shanthi Rexaline, discusses the ongoing struggle in Tesla, Inc.'s (NASDAQ: TSLA) sales in China, despite recent price increases and the launch of the Model 3 refresh.
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"Michael Burry's Latest Monster Gamble: 'Big Short' Investor Bets $47M Against 2023's High-Flying Sector," by Piero Cingari, reports on Michael Burry's $47 million short bet against the semiconductor sector while using put options on the iShares Semiconductor ETF (NASDAQ: SOXX), which includes companies like Nvidia Corp. (NASDAQ: NVDA) and Intel Corp. (NASDAQ: INTC).
"Long-Time Meta Quest Developer Doesn't Think Zuckerberg's Device Will Satisfy Users Who Want The Best: 'I Think The Quest Is Good For Kids'," by Ananya Gairola, reveals Eric Alexander's preference for Apple Inc.’s (NASDAQ: AAPL) Vision Pro over Meta Platforms Inc.’s (NASDAQ: META) Quest, citing superior graphics and immersive experience.
For more bearish takes, be sure to see these posts:
Apple, Lions Gate Join IBM In Pushback Against Elon Musk, Twitter Over Antisemitic Content
Larry Summers Says Market Reposing 'Too Much Confidence In Mother Fed,' Warns 2% Inflation Target Might Not Be Met Without Significant Downturn
Starbucks Faces Employee Walkout At Hundreds Of Stores On Red Cup Day: Report
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© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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