Investors were digesting a lot of data this week with major companies reporting earnings, including Alphabet inc GOOG, General Motors Co. GM, Apple Inc AAPL and Amazon.com Inc AMZN. The Fed, meanwhile, raised interest rates by 75 basis points for the second consecutive month.
- The S&P 500 finished the month of July up 9.1%, its best July since 1939. The Dow industrial Average gained 6.7% in July, while the Nasdaq Composite climbed 12% during the month.
- Benzinga continues to examine the prospects for many of the stocks most popular with investors. Here are a few of this past week’s most bullish and bearish posts that are worth another look.
“Facebook Parent’s Metaverse Unit Loses $2.8B In Q2, But Zuckerberg Sure Of Unlocking ‘Billions, Trillions’ In Value With Time,” by Samyuktha Sriram, looks at Meta Platforms Inc META CEO Mark Zuckerberg’s long term bullish view on investing in the metaverse.
“Is ‘The Gray Man’ The Next Netflix Franchise? Here’s How Many People Watched And What’s Next,” by Chris Katje, outlines what’s next for “The Gray Man,” after the movie became one of the biggest hits for Netflix Inc NFLX.
“Ethereum Creator Vitalik Buterin Says The Merge ‘Isn’t Priced In Yet,’” by Samyuktha Sriram, explains why Ethereum ETH/USD creator Vitalik Buterin doesn’t think the Merge will be priced in until after it happens.
For additional bullish calls of the past week, check out the following:
“Top Kelly Blue Book Executive On Why Tesla’s Market Share Will Plummet Next 5 Years,” by AJ Fabino, looks at why Michelle Krebs, senior director of automotive relations at Cox Automotive, says Tesla Inc’s TSLA market share could see a big drop in the coming years.
“Cathie Wood Dumps $75M Of Coinbase Stock At Massive Loss After Long Being Bullish,” by Shanthi Rexaline, details Cathie Wood-led Ark Investment Management’s decision to liquidate a large chunk of Coinbase Global, Inc. COIN this week.
“The Roku Earnings Disaster: ‘This Feels Like A TiVo To Me,’” by Joel Elconin, outlines the meltdown of Roku Inc’s ROKU stock on Friday after its second-quarter earnings miss.
For more bearish takes, be sure to see these posts:
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