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.
The Dow rose 1.4% this week, bringing its November gain to 7.5%, while the S&P 500 and Nasdaq Composite rose 1.1%, ending the month up more than 5%. % and 6%, respectively, marking the best months of 2024 for the Dow and S&P 500.
During a shortened week of negotiations, President-elect Donald Trump shook the markets by announcing customs duties of 25% on imports from Mexico and Canada and a 10% increase on Chinese products, with the aim of combating drug trafficking and illegal immigration.
The Mexican peso and Canadian dollar fell to multi-year lows before stabilizing as investors reassessed the potential impact. Despite trade war concerns, broader stock markets remained strong, with small-cap stocks surging, followed by the iShares Russell 2000 ETF. to new unprecedented heights.
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
“Elon Musk is responsible for Palantir’s stock rally, says Jim Cramer,” by Adam Eckertstrong points Jim Cramer assign Palantir Technologies Inc.‘s PLTR Up 275% since the start of the year That of Elon Musk influence within the Department of Government Effectiveness, which is expected to strengthen Palantir’s defense-related AI activities.
“Amazon’s $8 billion investment in AI developer Anthropic is ‘mutually beneficial,’ analyst says,” by Erica Kollmannreports on Amazon.com, Inc. AMZN expand its AI partnership with Anthropic with $8 billion investment, as BofA Securities analyst highlights benefits for both, including enhanced AWS capabilities and cost savings for training Anthropic’s models using Trainium chips personalized from Amazon.
“Rise in Bitcoin, Dogecoin and Other Cryptocurrencies Boosts Homeownership Among Low-Income Americans, Treasury Department Says,” by Aniket Vermahighlights US Treasury report linking gains Bitcoin BTC/USD And Dogecoin DOGE/USD to increasing homeownership among low-income households, with areas heavily invested in crypto seeing homeownership increase from 4.1% in 2020 to 15.4% in 2024.
For other bullish calls from the past week, check out the following:
AMD partners with Taiwan Semi to take on Samsung in smartphone market
‘It’s the most wonderful time of the year’ for the stock market, says story
The bears
“Rivian CEO and Tesla Exec Slam Restrictions on Direct-to-Customer Sales: RJ Scaringe Says It’s ‘As Close to Corruption as You Can Get’,” by Anane Ashrafstrong points Rivian Automobile Inc. RIVN CEO RJ is scary And Tesla Inc. TSLA executive Sendil Palani criticizing state laws banning direct-to-consumer sales as anti-competitive and driven by dealer-backed lobbying, with Scaringe describing the system as “bordering on corruption.”
“‘Pharmaceutical Brother’ Martin Shkreli Tells Investors to ‘Sell Short SAVA’, Stock Falls Over 80% After Phase 3 Update,” by Chris Katjedetails Martin Shkrelithe accurate prediction of an 80% drop Cassava Sciences Inc. SAVA after phase 3 results of its Alzheimer’s drug Simufilam failed to meet primary endpoints, leading to widespread investor disappointment.
“Nanonuclear Stock Plunges After $60 Million Private Placement: Details,” by Lekha Guptareports Nano Nuclear Energy Inc. BORN stock fell following a $60 million private placement involving 2.5 million shares at $24.00 each and 2.5 million warrants at $26.00, bringing reserves cash flow to more than $120 million to support microreactor advancements and strategic growth plans.
For more bearish views, be sure to check out these articles:
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