Benzinga looked at the outlook for the favorite stocks of many investors over the past week – here’s a look at some of our biggest stories.
Major U.S. indexes saw volatility late in the week, with the S&P 500 and Nasdaq each down more than 1%, largely influenced by recent earnings impacts at tech heavyweights like Microsoft and Meta Platforms. The Dow also edged down 0.2%, reflecting broader market apprehension after an October close that ended a five-month streak of gains.
The CBOE Volatility Index (VIX) soared 34% in October, its third-largest rise for that month in an election year, indicating increased market caution.
Adding to this outlook, October nonfarm payrolls figures reported just 12,000 new jobs, bolstering expectations of a Fed rate cut in the coming weeks. Markets widely predict another reduction by the end of the year.
Benzinga provides daily reports on the stocks most popular with investors. Here are some of the most bullish and bearish articles from the past week that are worth checking out.
The bulls
“Michael Saylor Says Bitcoin Cure to Fix Unhealthy Balance Sheets as MicroStrategy Unveils Massive $42 Billion BTC Purchase Plan,” by Aniket Vermarevealed MicroStrategy Inc. MSTR CEO Michael SaylorBitcoin Argument Can Stabilize Business Finances, Announcing $42 Billion Initiative to Expand Its Bitcoin BTC/USD holdings, which currently total 252,220 BTC, valued at $18.23 billion.
“Tesla Bull Says Elon Musk-Led Electric Vehicle Giant Is No Longer Considered a Carmaker by Investors, and Explains Why Its Shares Trade at a High Premium to Traditional Rivals,” by Anane Ashrafshare the ideas of Gary Black of The Future Fundwho claims that Tesla Inc. TSLA enjoys a premium valuation as investors increasingly view it as a technology company due to its growth in electric vehicles and autonomous driving.
“Dogecoin rally ‘just started for this cycle,’ predicts trader who sees parabolic surge in November,” by Khyathi Dalalpresents a trader’s analysis that Dogecoin DOGE/USD could rise in November, fueled by trends from previous halving cycles, with a break above 20 cents the key target.
“DJT’s short squeeze could push stock to $60 if Trump wins, but analysis says loss could make shares ‘worthless’,” by Chris Katjeexplains that Trump Media and Technology Group DJT stocks are poised for volatility in the middle of election day, with S3 Partners noting that a Trump victory could trigger a short squeeze pushing prices to $60, while a loss could render the shares worthless.
For other bullish calls from the past week, check out the following:
Dogecoin rally ‘just started for this cycle,’ predicts trader who sees parabolic surge in November
The bears
“Trump attacks Taiwan semiconductors on Joe Rogan’s podcast,” by Anusuya Lahiricovers Donald Trumpcriticism of Taiwan Semiconductor Manufacturing Co. TSM on the Joe Rogan podcast, accusing Taiwan of undermining U.S. chip production and promising tariffs if elected.
“Sundar Pichai Admits DOJ Proposals Could Have ‘Unintended Consequences’ – Google Develops Plan B in Case Apple Ends Research Deal,” by Ananya Gairolareports Alphabet Inc. GOOG GOOGLE CEO Sundar PichaiDOJ’s concerns over DOJ’s antitrust proposals could destabilize the tech industry, while hinting at contingency plans if Apple Inc. AAPL ends its research partnership.
“Super Micro analyst suspends rating over governance and accounting issues,” by Anusuya Lahiridetails a Rosenblatt analyst’s decision to suspend its rating for Super Micro Computer, Inc. SMCI after Ernst & Young resigned as auditor due to governance and transparency issues.
For more bearish views, be sure to check out these articles:
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