- Benzinga examined the outlook for many investors’ favorite stocks over the past week.
- The bullish calls of the week included shares of the iPhone maker and electric vehicles.
- A semiconductor manufacturer and a Chinese internet giant were among the clumsy calls.
The last trading week of a turbulent year offers little to no Santa Claus meeting, with the S&P 500 and Dow Jones industrial average averaging about 1% and the Nasdaq for the week virtually equal. For the full year, however, the Dow was up about 6%, the S&P 500 was up more than 14% and the Nasdaq was up more than 41%. Not bad for a year when a market collapses in March.
The year ended with progress with a third COVID-19 vaccine, ongoing political strife in Washington and signs of life in the film industry. The colossus for e-commerce has also been successful with a new effort; the leader of electric vehicles is ready to expand and the days of a leading chipmaker will possibly be numbered.
The end of the year is also a time to look ahead, with market themes to look at and forecasts on the FAANG stocks, cryptocurrency and so much more.
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 Jayson Derrick’s “3 reasons why Gene Munster says Apple will be a top performer in 2021”, you can see why this well-known technology expert and venture capitalist believes that some key catalysts will help Apple Inc. (NASDAQ: AAPL) has higher stock this year, making it a top-performing FAANG play.
Tesla Ing (NASDAQ: TSLA) may beat internal and Wall Street expectations in the fourth quarter, despite some “speed bumps.” This is according to Shivdeep Dhaliwal’s “Tesla On Track To Beat His Ambitious Delivery Target Of 500,000 Deliveries For 2020, Says Wedbush.”
‘Snap Rallies On New Street-High Price Target: Why Goldman Sachs Is Bullish’ by Shanthi Rexaline examines why one top analyst believes Snap Inc. (NYSE: SNAP) stock is ready for further uptrend, and fourth-quarter earnings are likely to far exceed consensus expectations.
In “Why BofA Raises Its Nine Price Target Before Nine Day Meeting on January 9”, Wayne Duggan discusses which electric car manufacturer Nio Ing (NYSE: NIO) is likely to announce on its upcoming event. See what investors should give enough reason for optimism this year.
Priya Nigam’s “Why KeyBanc Is Turning Bullish On Continental Resources” focuses on why the petroleum and natural gas exploration and production business Continental Resources, Inc. (NYSE: CLR) is now well positioned and could re-introduce its dividend this year.
Check out the following for additional bullish calls from the past week:
In Shanthi Rexaline’s “Intel Analyst: Challenges In 2021 Look ‘Substantial”, see how one analyst expects the top disc maker Intel Corporation (NASDAQ: INTC) to respond to activist pressure to make big changes. What could be next for the technology giant?
‘Alibaba shares tank, even if e-commerce giant shares buyback target up to $ 10 billion’ by Aditya Raghunath shows why the Alibaba Group Holdings Ltd (NYSE: BABY)’s share repurchase program in light of Chinese government rivals could not please investors.
Chris Katje’s “Bears Pile On FuboTV After 330% Rise In 2020” argues that bears the valuation and long-term prospects for FuboTV Ing (NYSE: FUBO), one of the hottest stocks in the streaming market in recent years. Were five consecutive days of double-digit gains too much?
Electric car manufacturer Nikola Corporation (NASDAQ: NKLA) faces ‘lack of scale in first 18 months of truck sales’, according to ‘JPMorgan Lowers Nikola Price Target, Sees’ Execution Risk Associated With A Tarnished Brand ” by Priya Nigam.
For more clumsy tasks, check out these posts:
At the time of this writing, the author had no position in the said shares.
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