- Benzinga has actually examined the prospects for numerous investor preferred stocks over the past week.
- Last week’s bullish calls included a top COVID-19 vaccine play, a recent high-profile IPO and a stylish merchant.
- The peak cryptocurrency, two big automakers and an upscale merchant were amongst the bearish calls seen.
The previous week turned out to be something of a wait and see period, though the approval of Pfizer’s COVID-19 vaccine provided the resuming trade a little bit of an increase. The markets stay near all-time highs, supported in big part by the mega-cap stocks.
What Wall Street was waiting for was the speech from Federal Reserve Chair Jerome Powell from the reserve bank’s Jackson Hole symposium, particularly word of when the Fed may start to taper its $120 billion a month bond purchasing program. While some Fed presidents were calling for an end to stimulus ahead of the speech, Powell himself appeared content to stay the course, once again recommending that inflation was short-lived and not prevalent.
Perhaps the biggest corporate news was the intense resistance to Apple’s plan to scan iPhones for illegal material. Opponents consider it a reversal of the business’s stance on privacy.
The Nasdaq saw a gain of almost 3% for the week, and the Dow Jones industrials were the laggard of the big 3 U.S. indexes, with an increase of about 1%.
Benzinga continues to take a look at the prospects for much of the stocks most popular with financiers. Here are a few of this past week’s most bullish and bearish posts that are worth another look.
“Why This Financier States Pfizer Stock Is Going Much Higher” by Adam Eckert explores why Pfizer Inc (NYSE: PFE) is more than simply a COVID-19 play. And it is still trading inexpensively based on its evaluation, according to the highlighted financier.
Likewise read What’s The Risk Of Blood Clots After Getting A COVID-19 Vaccination? This Research Study Reveals Motivating Information.
In Wayne Duggan’s “‘Robinhood Is Not A Meme’: Analysts Initiate Protection Of HOOD Stock Following Quiet Duration,” discover why it is not smart to wager against Robinhood Markets Inc (NASDAQ: HOOD).
It is painful for Alibaba Group Holding Ltd (NYSE: BABA) right now, but there is terrific potential in the stock longer term. So states Adam Eckert’s “Why Alibaba Stock Provides An ‘Incredibly Obliging’ Chance At Current Levels.”
On the other hand, see More Problem Brews For Alibaba, Tencent– Read How.
In “Why Zoom Video’s Development Will Likely ‘Surprise To The Benefit’ Over The Next Year,” Shanthi Rexaline exposes the drivers for Zoom Video Communications Inc (NASDAQ: ZM) for the remainder of the year.
“Expert Sees These Stocks Benefiting From Next Wave Of Cybersecurity Investing As Biden Calls Apple, Amazon CEOs For Summit” by Rachit Vats analyzes why Palantir Technologies Inc. (NYSE: PLTR) and others are well placed.
Chris Katje’s “Urban Outfitters Stock Falls On Q2 Earnings: 3 Takes From The Street” talks about why Urban Outfitters Inc (NASDAQ: URBN) is much better located than other merchants.
In “Technical Analyst States Now Is No Time To Go Long On Bitcoin, Would Purchase Dogecoin If It Was Up To This Level,” Madhukumar Warrier looks at why Bitcoin (CRYPTO: BTC) might face near-term weakness.
Make sure to have a look at Bitcoin Has No Worth: People Bank’s Of China Authorities Reveals More Crackdown too.
CNBC host Jim Cramer is no fan of the upcoming Tesla Inc (NASDAQ: TSLA) cybertruck, according to “Cybertruck Will Be Disaster For Tesla, Cramer Says: ‘It’s Just An Awful Thing'” by Chris Katje. Cramer suggests purchasing and F-150 instead.
Mark Putrino’s “Why Ford Stock Might Crash Into A Wall Of Sellers” shows why the past week’s rally in Ford Motor Company (NYSE: F) may not last. See why reaching a particular share rate might open the floodgates to selling.
In Priya Nigam’s “Morgan Stanley Alerts Of More Disadvantage to Nordstrom Stock,” learn why the Nordstrom, Inc. (NYSE: JWN) healing journey is likely to be extended, according to the featured analyst.
5 Nordstrom Analysts Break Down Q2 Profits: ‘Significant Lag Vs. Softline Peers’ offers more analyst commentary on the upscale merchant’s prospects.
At the time of this writing, the author had no position in the discussed equities.
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