The S&P 500 capped off 2023 with a 24% gain, spurred on by a slowing rate of inflation, a resilient economy, and whispers of the Federal Reserve ending its rate hikes. Despite finishing the final day just short of its record high, standing at 4,769.83, the index registered its most extensive winning streak since 2004. The positive results of the benchmark are, in part, attributable to the gains from Big Tech stocks and the shrewd anticipation of artificial intelligence investments. In a whopping show of strength, both the Dow and the Nasdaq posted record-breaking figures in their respective week-long runs, a feat unparallelled since 2019.
At Benzinga, we probe investor-favorite stocks extensively and alienate none. Here are some exceptionally bullish and bearish takes for last week alone that bear another glance:
The Bulls: A delight to MSFT shareholders, Shanthi Rexaline’s “Microsoft’s ‘iPhone Moment’: Bullish Analyst Hikes Price Target To $450 On Potential $25B AI Revenue Boost From Co-Pilot AI” illustrates Daniel Ives’s inflated estimations as he places Microsoft Corp’s worth at$450 because of its groundbreaking AI prowess. Another feature, favouring the bulls as written by Khyathi Dalal: “Cathie Wood Outlines Role Of Bitcoin Post-ETF Approval, Praises 21Shares: ‘The Plumbing Works'”. Cathie Wood argued for and endorsed the SEC-passage of a Bitcoin ETF, as well as, announcing her teaming up with 21Shares for revolutionary Ethereum ETH/USD and Bitcoin BTC/USD futures ETF products. Also worth entombing is Mehab Qureshi’s “Promising Sign For DOGE’: Analyst Says Steady Increase In Dogecoin Addresses Could Set StageFor Rally”, delving further into Ali Martinez’s musings on the prospect of a budding DOGE/USD rally based on an uptURN in its new accounts.
The Bears: Dirge they do not! Anan Ashraf’s “Tesla Investor Ross Gerber Worries CEO Musk’s ‘Extreme’ Behavior Could Hit Sales And Damage Brand” thoughtful worries invokes Ross Gerber’s paramount reservations against Elon Musks’s eccentric behaviour and its insidious knocking of Tesla Inc.’s horrid business and company image. Thus, too, Ramakrishnan M’s “How A Late-Night Email To Tim Cook 10Years Ago Possibly Triggered Masimo’s Battle To Get Apple Watch” casts apprehension on Masimo Corporation’s lawsuit against Apple Inc, alleging their streaming associated with the Apple Watch with European infringed property and ignorance of forced poachings. And not least of all read Surbhi Jain’s “Plug Power’s Rocky Road As Hydrogen Dreams Face Financial And Regulatory Challenges”, steadily shredding the volunteers of Plug Power Inc as they flop from the hyRExtric highway to a bolting financial bind amongs regulatory issues hamper their broader dream-perspective.
