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- Benzinga took a look at the outlook for many investor favorite stocks over the past week.
- Bullish calls last week included the iPhone maker, a major oil services stocks and a pharmaceutical giant.
- Among the bearish calls observed were FAANG stocks, the major cryptocurrency and memes stocks.
After a shaky start, markets rebounded last week from the previous week’s plunge into the red. The Nasdaq led the major US indexes with a gain of nearly 3% for the week, while the S&P 500 was up about 2% and the Dow Jones industrial average about 1% higher.
COVID-19 is making headlines again, in part because of the Tokyo Olympics. This has raised fears that the economic recovery is stumbling. Crude and Bitcoin prices fell over the week, while chip shortages and inflation remained. The fight for the debt ceiling in Congress has only just begun.
However, the earnings season also accelerated this week, and strong Dow Jones industrials results helped support markets. While the first FAANG component to show results disappointed, other strong reports on the tech industry raised high expectations for the coming week’s results from the market-darling iPhone maker.
Throughout this time, Benzinga 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
“Apple could be behind Google, Facebook in YTD gains by far, but Munster still expects it to be the top performer of FAANG stocks for the remainder of 2021” by Rachit Vats examines why a bull expects big things of Apple Inc. (NASDAQ: AAPL) for the remainder of the year.
On the other hand, see This Footwear Company Has Overperformed Apple, Tesla In Last Year and Expert Traders See Yet More Upside.
In “6 Snap Analysts On Q2 Earnings: ‘Long Runway For Continued Growth'”, Shanthi Rexaline reveals what analysts think of the camera and social media company Snap Inc. (NYSE: SNAP) following its latest quarterly report.
In “Nvidia Rips Higher Into Stock Split” by Aaron Bry. Former NYSE trader says buy it “, find out why NVIDIA Corporation (NASDAQ: NVDA) could see “a lot of action” after its 4-to-1 stock split.
“BofA names Halliburton Stock as the best choice for oil services after exceeding profits” Nikhil Dayal explains why a leading analyst is positive on Halliburton Company (NYSE: HAL) despite a lack of income.
Also read Goldman Sachs Bullish on Halliburton: What Investors Need to Know.
The only risk for Bristol-Myers Squibb Company (NYSE: BMY) Investors are bored, but they are reaping a 3% dividend yield in the meantime. This is what Adam Eckert says “Why this trader expects Bristol-Myers Squibb stock to erupt and trend higher”.
The Bears
A fund manager is now wary Bitcoin (CRYPTO: BTC) and the likes of Facebook Inc (NASDAQ: FB), according to “David Tice goes bearish on Bitcoin and Big Tech: it’s very dangerous to hold today” by Samyuktha Sriram.
Also, be sure to check out the unidentified Bitcoin whales that bought nearly $ 1 billion worth of Bitcoin over the weekend.
In “Why This Amazon Analyst Sees Risk To Short-Term Revenue Guidance,” Shanthi Rexaline examines the possibility of short-term pressure on Amazon.com, Inc. (NASDAQ: AMZN) as e-commerce sales slow.
Chris Katje’s “Netflix Subscriber Growth, Content, Video Games Launch: 5 Analysts Weigh In” shows why some Netflix Inc Analysts (NASDAQ: NFLX) are wary of the growth in subscribers and the surge in games.
Jim Cramer To AMC, GameStop Retail Backers Says Find Yourself a ‘Boomer’ Or Trust Fund: ‘You’ll Need It’ ”by Madhukumar Warrier explores what CNBC guru thinks about retail investors and stocks even such as GameStop Corp. (NYSE: GME).
Jim Cramer says that Ditch Clover Health and Buy In This Health Care Stack instead offers Cramer’s advice on another Memes Stash.
In “Cantor Fitzgerald Lowers Price Target as Canadian Cannabis Growers Org Chart Releases Third Quarter Results” from Nina Zdinjak, find out how the “sector downgrade” has affected Organigram Holdings Inc. (NASDAQ: OGI).
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