Tesla, Draftkings, Broadcom And Trader Says Buy Dogecoin In High 10 Cents: Benzinga Bulls And Bears

Benzinga examined the prospects for many investors’ favorite stocks over the past week — right here’s a take a look at a few of our high tales.

Bears dominated Wall Avenue this week because the S&P 500 endured its worst weekly drop since March 2023, falling over 3% attributable to rising fears round inflation and financial coverage. The Nasdaq Composite additionally suffered, dropping 5.5%, its worst week since November 2022 and its fourth consecutive down week, making it the longest dropping streak since December 2022.

In the meantime, Federal Reserve Chair Jerome Powell dismissed any immediate interest rate cuts, citing sluggish disinflation, whereas escalating geopolitical dangers additional dampened the outlook for tech shares. Regardless of these challenges, the Dow managed a marginal acquire of 0.01%, marking its first constructive week within the final three.

Benzinga gives each day stories on the shares hottest with buyers. Listed below are a number of of this previous week’s most bullish and bearish posts which might be price one other look.

The Bulls

“Canopy Growth CEO At Benzinga Conference: ‘I Don’t Think Our Investors Understand The Value That Sits Inside Of Canopy’” by Adam Eckert, stories on CEO David Klein‘s assertion on the Benzinga Hashish Capital Convention, asserting that Cover Progress Corp (NASDAQ:CGC) is undervalued by buyers, particularly concerning its acquisitions like Wana and its new strategic route beneath Cover USA.

“Dogecoin Down 25% In Past Week, But ‘If You Get A Chance To Buy It In The High $0.10s, Buy It,’ Says Trader” by Khyathi Dalal, explores how, regardless of Dogecoin’s (CRYPTO: DOGE) 25% plunge, market influencers stay bullish, advocating for purchases throughout dips as they predict potential worth recoveries and a robust altcoin market forward.

“DraftKings Stock Has Upside To Street Estimates, Analyst Says: Sports Betting Play Will ‘Benefit From Healthy Growth’” by Chris Katje, describes a Goldman Sachs analyst’s optimistic outlook on DraftKings Inc (NASDAQ:DKNG), projecting robust income progress and improved profitability attributable to increasing markets and enhanced unit economics.

For added bullish calls of the previous week, take a look at the next:

Rivian ‘Best Positioned EV OEM’: Analyst Praises Long-Term Outlook, R2 Launch, With Short-Term Caution

Tesla’s Autonomous Driving Efforts Win Praise From Goldman Sachs: Wall Street Firm Projects Long-Term Growth From Robotaxi Services

Happy Bitcoin Halving Day: What Experts Predict Happens Next

The Bears

“No More Inventory Discounts On Tesla Cars As CEO Elon Musk Says Sales System Has Turned ‘Complex And Inefficient’” by Anan Ashraf, explains Elon Musk‘s determination to discontinue Tesla Inc. (NASDAQ:TSLA) stock reductions attributable to inefficiencies and complexities within the gross sales course of.

“Real Estate Stocks Fall As Mortgage Rates Rise To 4-Month Highs: ‘Inflation Is Proving Tougher To Bring Down’” by Piero Cingari, describes the drop in actual property shares like Prologis, Inc. (NYSE:PLD) and EastGroup Properties, Inc. (NYSE:EGP), pushed by rising mortgage charges and a pessimistic outlook for housing begins and affordability.

“Broadcom Succumbs to EU Antitrust Investigation Over VMware Licensing, Prompting Swift Pricing Strategy Revision” by Anusuya Lahiri, stories that Broadcom Inc (NASDAQ:AVGO) is adjusting VMware’s pricing in response to an EU antitrust investigation spurred by complaints about unfair licensing practices.

For extra bearish takes, make sure to see these posts:

Most S&P 500 Stocks No Longer Trade Above 50-Day Average: Healthy Pullback Or Is The Bull Market Over?

Treasury Yields Head To ‘Danger Zone’: Analyst Forecasts Potential Spike To 5%, Disorderly Sell-Off For Markets

Peter Schiff Challenges Bitcoin’s $100K Prediction As Crypto-Linked Stocks Languish In Bear Zone: ‘Sell Your Fool’s Gold And Buy The Real Thing’

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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.