- Benzinga examined the outlook for many investors’ favorite stocks over the past week.
- The past week’s positive calls have been the leader in electric vehicles and a prominent stock market trend.
- Short sellers were behind some of the clumsy calls seen during the week.
The Dow Jones industrial average crossed above 34,000 for the first time last week as strong results from major banks kicked off the reporting season for the first quarter. Optimism was also heightened by good economic data, a steady return from the treasury and reassuring words from Jay Powell, chairman of the Federal Reserve. All of this dampened the impact of bad vaccine news early in the week.
There is still a shortage of semiconductors plaguing various industries, and things could get worse. Bitcoin is reaching record highs, just like Dogecoin, and the new US Securities and Exchange chair is a blockchain technology expert.
The week was also the largest live listing in history, Jeff Bezos’ last shareholder letter as CEO and news about the expected next big event from the iPhone maker.
And while the White House continues its vaccination to vaccinate Americans against COVID-19, signs of pent-up reopening demand abound.
Through it all, Benzinga has continued to explore the prospects for many of the stocks that are most popular among investors. Here are some of the most bullish and clumsy posts of the past week that are worth checking out again.
Bulls
In “Why This Tesla Analyst Is Turning Bullish” Priya Nigam focuses on how the leading aggressive diversification efforts of the leading electric vehicle spurred one major analyst Tesla Ing (NASDAQ: TSLA), despite the rich valuation of the stock, and more than double the price target.
In Chris Katje’s “Why Coinbase’s Upside Could Be Immense, With a Price Target Of $ 500”, discover why the popular analyst views new audiences Coinbase Global Inc. (NASDAQ: COIN) is the gold standard among digital assets.
Google Parent Alphabet Inc. (NASDAQ: GOOGL) has several bullish catalysts on hand. So says Wayne Duggan’s “Wedbush adds alphabet stock to best idea list: what you need to know.” The updated coverage on technology stocks was also positive Snap Inc. (NYSE: SNAP).
Adam Eckert’s “JPMorgan Analyst Regulates Long-Term Negative Impact of COVID-19 on Airline Industry” Discusses the Long-Term Prospects for JetBlue Airways Corporation (NASDAQ: JBLU) and its counterparts due to consumer demand recovery.
“Why this analyst thinks the power supply deserves increased valuation” by Shanthi Rexaline explores what recent developments could mean for hydrogen and fuel cell manufacturers Plug Power Inc. (NASDAQ: PLUG).
Check out the following for further bullish calls from the past week:
Put away
The past 11 months have led to a 160% period General Electric Company (NYSE: GE)’s shares, according to Adam Eckert, “Gordon Haskett’s John Inch On Why General Electric ‘Very Overvalued'” by Gordon Haskett. What about the 8 for 1 reverse stock split?
Jon Harris’s “Here are the stocks with the highest short-term interest rates this week” suggests that current sentiment is up Sunrun Inc. (NASDAQ: RUN), ViacomCBS Inc. (NASDAQ: VIAC) and other stocks are bearish.
“AMC ‘Under Attack’ From Short Sellers Again, CEO CEO” by Madhukumar Warrier tells why AMC Entertainment Holdings Inc. (NYSE: AMC) seeks approval for shareholders to sell 500 million shares, but promises not to do so in the 2021 calendar year. See why the CEO also praised the shareholders.
In Melanie Schaffer’s “QuantumScape Stock Falls After Pump-And-Dump Accusations: A Technical Analysis” you will find out why the chart for QuantumScape Corporation (NYSE: QS)’s share looked clumsy last week after a serious report on the Bill Gates-backed EV producer.
In “BofA Says GlaxoSmithKline’s Decision to Stop Feladilimab Studies Disappointing” Priya Nigam looks at how a top analyst reacts GlaxoSmithKline plc (NYSE: GSK) announcing that it will discontinue its Phase 2 and 3 trials with cancer treatment.
Look for these additional clumsy recordings:
At the time of this writing, the author had no position in the said shares.
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