Mar 18, 2023 12:18 PM | | Read in 3 minutes
Benzinga took a look at the outlook for many investors’ favorite stocks last week. Let’s take a look at some of the top stories.
The three major indices ended a mixed week ahead of turmoil in the banking sector and next week’s Federal Reserve meeting. The Dow Industrials ended the week down 0.2% for him, but the S&P 500 rose 1.4% for him and the Nasdaq Composite showed strong bullish momentum, ending the week higher 4.4%. rice field.
On Tuesday, the Labor Department reported that the consumer price index rose 6% year-on-year in February, down from a 6.4% rise in January.
Enter to win $500 in stock or cryptocurrency
Enter your email to receive the ultimate Benzinga morning update, a free $30 gift card and more!
First Republic Bank (NYSE:FRC) Stocks fell more than 25% on Friday, even after a group of fellow banks pledged to provide $30 billion in deposits to boost liquidity. Credit Suisse Group AG (NYSE:CS) shares also plunged this week after news that the company would borrow up to $54 billion from the Swiss National Bank to provide short-term liquidity.
Benzinga provides daily reports on the most popular stocks for investors. Some of this week’s most bullish and bearish posts are worth another look.
“Ryan Reynolds’ Mobile Company Gets $1.35 Billion Buyout From T-Mobile. Will He Buy An NHL Team With That Money?” by Chris Katje, Ryan Reynoldis a co-owner of Mint Mobile, part of Kaena Corporation, which is currently being acquired. T-Mobile US (NASDAQ:TMUS) is $1.35 billion.
In “Kathy Wood Loads Up Tesla Stock Again — Also Raises Stock in This Financial Services Firm,” Babik Nair reports: Cathy WoodLed by ARK Investment Management buy additional shares in Tesla Inc. (NASDAQ:TSLA) is worth over $4.6 million this week.
“Amazon is JP Morgan’s best pick. Analysts say investor sentiment for the stock is near multi-year lows,” Anusuya Lahiri outlines why. Amazon.com, Inc. (NASDAQ:AMZN) remains the “best idea” of JP Morgan analysts despite expecting the company to face some near-term challenges.
See below for other bull markets from the past week.
EXCLUSIVE: Ross Gerber is very bullish on Tesla, very bearish on Elon Musk — ‘our clients hate him now’
Biden The Master Oil Trader Part Deux? Will the government windfall come?
‘Big short’ investor Michael Barry says ‘I don’t see real danger here’ on current banking crisis
“Moody’s Warns of ‘Rapid Deterioration’ in Banking Environment, Assesses Comerica, Western Alliance and More,” by Chris Katche Explains Why Moody’s Corporation (NYSE: MCO) It lowered its outlook for the U.S. banking sector and warned of worsening banking conditions.
“Shibarium devs admit mistakes in Shibarium beta after backlash from community and say they will fix it within a week,” writes Mehab Qureshi. Shiba Inu (CRYPTO:SHIB) Developer Karl Dahlia After backlash from the community, we have admitted that we made a mistake regarding the Sibarium Beta Chain ID.
“Facebook gave up making millions from NFTs” by Murtuza Merchant Metaplatform, Inc. (NASDAQ:META) has announced that the company will halt its NFT efforts in order to focus on other ways to support creators, businesses and people.
Check out our next post for a more bearish take.
Jim Cramer Calls Bitcoin a ‘Strange Animal’, Urges Investors to Sell Holdings as Crypto Market Gains Momentum
Ford pulls out in tandem with Tesla as tech sector dominated by fears of SVB collapse
Why this money manager thinks the Fed’s SVB bailout plan could lead to ‘much bigger’ problems
Follow us to get all the latest breaking news and trading ideas. benzinga on Twitter.
© 2023 Benzinga.com. Benzinga does not provide investment advice. all rights reserved.