Benzinga examined the outlook for many investors' favorite stocks over the past week; Here we present some of our top stories.
It was a down week on Wall Street, with the S&P 500 falling 1.56%, the Dow down 2.37%, and the Nasdaq down 0.45%. Oil prices rose on news that Israel is preparing for a possible direct attack from Iran this weekend.
The VIX, or volatility index, experienced its most significant increase in more than a year on Friday, after the President Joe BidenThe warning that an Iranian attack on Israeli soil could occur “sooner rather than later.”
Meanwhile, U.S. consumer confidence fell in April, below economists' forecasts, and the probability of a Federal Reserve rate cut in June plummeted from 60% to 20%, with some Wall Street analysts now they expect only a rate cut in December.
Benzinga provides daily reports on the stocks most popular with investors. Here are some of the most bullish and bearish posts from the past week that deserve another look.
The Bulls
“AMC CEO Says Bankruptcy 'Inconceivable' As Stock Hits 52-Week Lows: '2025, 2026 Are Going to Be a Big Hit,'” by Chris Katje, reports on how AMC Entertainment Holdings AMC CEO Adam Aron dismissed fears of bankruptcy, despite the falling share price, and is betting on a strong box office rebound in the future.
“What Happened to Dogecoin After Bitcoin Halved Four Years Ago?” by Khyathi Dalal Details a Bullish Trend for Dogecoin DOGE/USD mail-bitcoin BTC/USD Halving in 2020, marked by a 7,185% price increase and elevated social media influence, especially from a TikTok campaign, propelling it to become the eighth largest cryptocurrency by market capitalization.
“Bank Of America Sees Gold At $3,000, Warns Of Copper Supply Crisis: Metals 'Dance To Their Own Rhythm,'” By Piero Cingari, Presents BofA Michael Widmer predicting a rise in gold to $3,000 by 2025 and a looming copper supply crisis, with Álamos Gold Corp. AGI and Freeport-McMoran Inc. FCX updated to “Buy”.
For more bullish calls from last week, check out the following:
'Don't always believe what you read': Tesla chief designer says 'just stay tuned' on low-cost car development after Musk dismisses rumors
Higher share prices and valuations make sense because there's not enough public capital to go around, says Josh Brown: 'It's not going to change'
EXCLUSIVE: Marathon, Riot, and Hut 8 CEOs Tell Benzinga How Bitcoin Halving Will Affect Miners
The Bears
“Trump's public media company has shares locked up for 6 months and his co-founders are suing so they can sell shares faster,” by Chris Katje, reports Trump's media and technology group DJT The co-founders sued the former president. donald trump about its ability to sell shares, amid concerns about the company's management and financial challenges.
“Coinbase Class Action Lawsuit Related to Unregistered Securities Trading Partially Revived” by Khyathi Dalal reports that a US appeals court has partially revived a class action lawsuit against Coinbase CURRENCY relating to trading in unregistered securities, revoking a previous dismissal.
“If Tesla holds back $25K EV, 'it would be a significant negative effect on the stock': Chris Katje's Goldman Sachs details a Goldman Sachs analyst's view on a possible delay in Tesla Inc. TSLAThe $25,000 electric vehicle would be a significant negative for the stock, following disappointing first-quarter deliveries.
For more bearish opinions, be sure to check out these posts:
'It doesn't bode well for the future,' says Cathie Wood as economists point to worrying trends in seemingly strong jobs data
Jamie Dimon warns of stiffer inflation, higher interest rates in JPMorgan annual letter: 'There will be a lot of stress'
Bitcoin ETF Issuers Doubt SEC Will Approval Ether ETF: 'Pins Are Falling When It Comes to Ethereum'
Stay up to date with the latest breaking news and trading ideas by following gasoline On twitter.
This content was partially produced with the help of artificial intelligence tools and was reviewed and published by Benzinga editors.
