Meta, Apple, Microsoft, And Why Developments At Twitter Could Be Good News For Dogecoin: Bulls And Bears Of The Week – Apple (NASDAQ:AAPL), Dogecoin (DOGE/USD)

Benzinga considered the prospects of favorite stocks of many investors over the past week – here’s a look at some of our top stories.

The Dow Jones Industrial Average rallied fridayending the week up 5.37% and closing its fourth consecutive week of gains, despite some disappointing reports on big tech earnings.

The S&P 500 rose 3.70% on the week, while the Nasdaq Composite gained 2.17%.

Highlights of the week include the Bureau of Economic Analysis reporting Thursday that US GDP grew 2.6% in the third quarter, and Friday marked the completion of Tesla’s CEO. by Elon Musk $44 billion takeover of social media platform Twitter.

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.

Bulls

Attention Tesla: Here’s how many General Motors electric vehicles sold in the third quarter,” by Chris Katje, details the growing number of electric vehicles General Motors Company GM said it sold in the third quarter.

In “Elon Musk’s Love Affair With Dogecoin Continues As Twitter Considers Crypto Wallet“, AJ Fabino writes that Twitter Inc. TWTR would be working on a cryptocurrency wallet, which can support the use of Dogecoin DOGE/USD, by Elon Musk favorite crypto.

Now you can get a new Apple Mac every 3 years with monthly payments – thanks to BestBuy,” by Ananya Gairola, reports that Best Buy Co. Inc. BBY announced a Mac equivalent of Apple Inc. AAPL iPhone upgrade program, allowing users to lease a laptop for three years.

For other bullish calls from the past week, check out the following:

The party is on: investors pile into risky assets and say no to Treasuries

Bullish interest returns to Bed Bath & Beyond: here are the levels to watch

Ethereum Rally Outperforms Bitcoin, Dogecoin Wins: Analyst Sees ETH-BTC Tipping on the Horizon

The Bears

Meta Platforms is now the 2nd most profitable stock for short sellers in 2022, behind only Tesla,” by Wayne Duggan, notes that as the price of Meta Platforms Inc. META stocks plunge, short sellers have now generated more than $6 billion in profits year-to-date.

In “Microsoft sees dark clouds forming over Azure Business amid PC market crash“, Shivdeep Dhaliwal writes that Microsoft Corp. MSFT during his first quarter results call this week lowered expectations that demand for cloud computing would dampen the downturn in the PC market.

Tesla Bull Cuts Price Target: Geopolitical Issues, U.S.-China Economic Relations Keep Stock Volatility,” by Shanthi Rexaline, explains why Morgan Stanley analyst and Tesla Inc. TSLA bull adam jonas lowered its price target for Tesla shares from $350 to $330.

For more bearish takes, be sure to see these messages:

Former Fed Vice Chairman Roger Ferguson thinks markets are wrong and rate hikes will continue through 2023

YouTube, Google Search Hit by Ad Pulls in Q3 – CFO Sees ‘Bigger Headwinds’ From Strong Dollar Ahead

Amazon plans to “tighten its belt” in the fourth quarter with a hiring freeze after a shortfall

Keep up to date with all the latest trading news and ideas by following Benzinga on Twitter.

Leave a Comment

Your email address will not be published. Required fields are marked *