Benzinga spent the past week examining the outlook for many investors’ favorite stocks, here’s a look at some of our top stories.
The markets made a comeback heading into Friday, but then collapsed in the final four hours of trading this week to close out a third straight week of losses. The S&P 500 fell 2.73% this week, while the Nasdaq Composite fell a more modest 1.31% and the Dow Jones Industrial Average ended the week 1.07% lower.
Ahead of the Labor Day weekend, the Labor Department announced that 315,000 had been added in August, lower than the 318,000 the economist had expected. Unemployment rose by two-tenths from one percent to 3.7% in August. Investors are now looking to the August CPI figure, which will be released on September 13, to gauge further measures from the Fed on interest rates.
Benzinga continues to examine the outlook for many of the stocks most popular with investors. Here are some of the most bullish and bearish posts from the past week that are worth revisiting.
“Disney Is Trying To Reach Amazon With ‘Prime-Like’ Bundle Service: WSJ,” by Shanthi Rexaline, highlights a reported plan of The Walt Disney Company DIS until start a membership program, which could look like: Amazon.com Inc‘s AMZN Top service.
“Is Uber Stock a ‘screaming’ buy? Why Josh Brown believes the bottom is in,” Adam Eckert explains why Ritholtz Wealth Management CEO Josh Brown thinks Uber Technologies Inc UBER the share has found its footing.
In “Apple said it would be on this word for AR/VR products,” Shanthi Rexaline writes of a new trademark filing by apple inc AAPL which may foreshadow plans for an Augmented Reality/Virtual Reality headset.
Check out the following for additional bullish calls from the past week:
What to watch for the bounce on Apple as the stock approaches the critical zone?
Sam Bankman-Fried welcomes comparisons to JP Morgan for crypto bailouts: ‘I thought this was the right thing for the industry’
Largest Ethereum Mining Pool Launches New ETH Strike Before Merger
“Snap is reportedly planning to lay off 20% of its workforce just weeks after CEO struck a deal for a $120 million mansion,” by Aaron Bry, looks at this week’s announced plans through Snap Inc SNAP, the parent company of the social media app Snapchatto lay off about 20% of the workforce.
“‘Hold Netflix Accountable’: ‘Inventing Anna’ series sparks libel lawsuit from Anna Delvey’s ex-boyfriend,” by AJ Fabino, explains why Netflix Inc NFLX faces a defamation lawsuit over the hit drama miniseries ‘Inventing Anna’.
“Has General Motors CEO Mary Barra stepped on the brakes planning to overtake Tesla in EVs by 2025?” by Adam Eckert, outlines comments made by General Motors Company GM Director Mary Barra leaving observers questioning its goal of overtaking Tesla in EVs by 2025.
For more bearish takes, check out these posts:
Google Rejects Donald Trump: Why Truth Social Was Not Approved for Google Play Store
Now that Tesla is splitting its stock, are you buying it? Almost 60% Say..
Apple’s bet on this Chinese company cost it $800 million, but there’s a lesson to be learned, says Gene Munster
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