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- Benzinga has looked at the outlook for many investor favorite stocks over the past week.
- The week’s bullish calls included shares in the iPhone maker and electric vehicles.
- A semiconductor maker and a Chinese internet giant were among the bearish calls.
The last week of trading in a tumultuous year hardly offered a Santa rally, with an industry average of the S&P 500 and Dow Jones up about 1% and the Nasdaq mostly flat for the week. For the full year however, the Dow Jones rose about 6%, the S&P 500 was over 14% higher, and the Nasdaq registered a gain of over 41%. Not bad for a year that saw a market crash in March.
The year ended with progress on a third COVID-19 vaccine, continued political wrangling in Washington, and signs of life in the film industry. Additionally, the e-commerce colossus has seen success with a new venture, the leader in electric vehicles is poised to thrive, and the days of a leading chipmaker can be numbered.
The end of the year is also a time to look ahead, with market themes to watch and forecasts for FAANG stocks, cryptocurrency and more.
Throughout this time, Benzinga has continued to examine the prospects for many of the stocks most popular with investors. Here are some of the more bullish and bearish posts from the past week that deserve another look.
Bulls
In Jayson Derrick’s “3 Reasons Gene Munster Says Apple Will Be One of the Best in 2021” by Jayson Derrick, find out why this top tech and venture capitalist believes some key enablers will help boost Apple Inc. (NASDAQ: AAPL) has risen this year and makes it a top performing FAANG game.
Tesla Inc (NASDAQ: TSLA) could exceed internal and Wall Street expectations in the fourth quarter despite a few “slowdowns”. According to Shivdeep Dhaliwal, “Tesla on track to beat its ambitious delivery target of 500,000 deliveries for 2020,” says Wedbush.
Shanthi Rexaline’s “Snap Rallies On New Street-High Price Target: Why Goldman Sachs Is Bullish” examines why a top analyst thinks Snap Inc The stock (NYSE: SNAP) is set to continue rising, and fourth quarter earnings will likely be well above consensus expectations.
In “Why BofA Raises Its Nio Price Target Ahead of the Jan. 9 Event,” Wayne Duggan discusses the electric automaker Nio Inc (NYSE: NIO) will likely announce at its next event. Find out what should give investors plenty of reason to be optimistic this year.
“Why KeyBanc Is Turning Bullish on Mainland Resources” by Priya Nigam focuses on why the oil and gas exploration and production company Continental Resources, Inc. (NYSE: CLR) is now well positioned and could restore its dividend this year.
For additional bullish calls from last week, also take a look at the following:
In Shanthi Rexaline’s “Intel Analyst: Challenges In 2021” Substantial “Look, see how an analyst expects a former chipmaker Intel company (NASDAQ: INTC) to respond to pressure from activists to make big changes. What’s next for the tech giant?
“Alibaba Shares Its Reservoir As E-Commerce Giant Raises Its Share Buyback Target To $ 10 Billion” By Aditya Raghunath Shows Why Alibaba Group Holdings Ltd (NYSE: BABA) The share buyback program in the face of anti-competition investigations by Chinese authorities did not please investors.
Chris Katje, “Bears Pile On FuboTV After 330% Rise In 2020,” argues that the bears call into question the valuation and long-term outlook of FuboTV Inc (NYSE: FUBO), one of the hottest stocks in the streaming market over the past year. Were five consecutive days of double-digit gains too much?
Electric vehicle manufacturer Nikola Corporation (NASDAQ: NKLA) Faces “Lack of Scale in First 18 Months of Truck Sales,” Says “JPMorgan Lowers Nikola Price Target, Sees Execution Risk Associated with Tarnished Brand” by Priya Nigam.
For more bearish catches, be sure to check out these articles:
At the time of writing this article, the author has no position in the actions mentioned.
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