Benzinga has reviewed the outlook for many investors’ favorite stocks over the past week, while offering a 24/7 news feed, live chat and charting software on BenzingaPro.
The Bureau of Labor Statistics released the May Consumer Price Index report on Friday, and markets reacted badly. The report showed prices rose 8.6%, the highest level since 1981.
It was the worst week for all three indices in months, with the S&P 500 falling 5.05% and the Nasdaq Composite 5.60%, marking the worst weekly loss for both indices since January. Meanwhile, the Dow lost 4.58%, its 10th negative weekly session in the past 11 weeks.
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.
“Why This Investor Says Amazon Stock ‘Worth More Than It’s Worth’ Post-Split,” by Adam Eckert, examines why Boston Private’s Shannon Saccocia said Amazon.com Inc. AMZN Stock is poised to outperform the overall market.
“Warren Buffett-Backed EV Maker To Soon Supply Batteries To Tesla: Report,” by Rachit Vats, notes the significance of the news that warren buffet– Chinese electric vehicle and battery manufacturer supported BYD Co BYDDY will soon start supplying batteries to Tesla Inc. TSLA.
In “Is Netflix Exploring Acquisition Opportunities? Why Roku Stock Is Rising”, Adam Eckert writes that Roku Inc. ROKU
shares have soared this week following a report that the company may be in talks to be acquired by Netflix Inc. NFLX.
For other bullish calls from the past week, check out the following:
Is Ford the cheapest stock on the market?
Apple is reinventing CarPlay: here’s how it will change the driver experience
JP Morgan sees buying opportunities in Alibaba and other Chinese stocks citing these reasons
In “EXCLUSIVE: Crypto traders say Coinbase refuses to return wrongfully deposited funds despite access,” Adrian Zmudzinski writes that investors say Coinbase Global Inc. PIECE OF MONEY refuses to return a significant amount of cryptocurrency to users.
“Cruise Prices Fall: Too Early to Buy Stock in Carnival, Royal Caribbean and Norwegian?” by Wayne Duggan, examines why one analyst says 2023 now looks like an increasingly difficult environment for Carnival Corp. CCA, Royal Caribbean Cruises Ltd RLC and Norwegian Cruise Line Holdings Ltd. NCLH.
In “Disney fined $12,000 after employee breaks both arms in workplace accident,” Phil Hall explains why the US Occupational Safety and Health Administration (OSHA) imposed a fine Walt Disney Co. SAY $12,431 after an employee broke both arms at a laundromat.
For more bearish takes, be sure to see these messages:
Why This Novavax Analyst Remains Bearish After COVID Vaccine Panel Vote
Why Apple CEO Tim Cook is “deeply afraid” of stepping away from privacy
Warning: This Tesla update may allow hackers to carry out a car heist
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