Benzinga examined the prospects for many investors’ favorite stocks over the last week — here’s a look at some of our top stories.
The three primary stock indices marked their eighth straight week of gains, a milestone not seen for the S&P 500 since 2017 and for the Dow since 2019, with increases of 0.8% for the S&P 500, 0.2% for the Dow, and 1.2% for the Nasdaq.
Inflation, as measured by the Personal Consumption Expenditures (PCE) index, decreased to 2.5% in November, reaching its lowest point since March 2021, and heightening the anticipation of multiple interest rate cuts in 2024. Following the significant drop in the Federal Reserve’s preferred inflation gauge, economists on Friday started to reevaluate the potential impact on the Fed’s plans for the next year.
The disclosure of the PCE inflation figures was accompanied by varied economic data, including an increase in the Michigan Consumer Sentiment Index for December and a substantial drop in November’s home sales, which fell below projections.
Benzinga provides daily reports on 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.
The Bulls
“2024 Predictions For Apple, Tesla, ‘Magnificent 7’ And Musk From Analyst Dan Ives: It’s AI’s ‘1995 Moment’,” by Chris Katje, discusses Daniel Ives’ predictions for 2024, highlighting major anticipated developments for Apple Inc. (NASDAQ: AAPL) and Tesla Inc. (NASDAQ: TSLA), and a monumental breakthrough in AI, which was likened to the internet’s emergence in 1995.
“Novogratz Explains Why Bitcoin Could Be About To Make A ‘Parabolic Move’ To All-Time Highs And Beyond,” by Adam Eckert, features Mike Novogratz’s forecast of a dramatic rise in Bitcoin (CRYPTO: BTC), which could potentially surpass previous highs as a result of the anticipated ETF approval and market dynamics.
“‘Gorgeous Pump On DOGE This Christmas:’ Crypto Analyst Predicts Dogecoin Rally If It Breaches This Level,” by Mehab Qureshi, reports that a crypto analyst predicts a significant rally for Dogecoin (CRYPTO: DOGE) if it surpasses the $0.106 mark amid recent whale activities and supportive market trends.
For additional bullish calls of the past week, check out the following:
Shiba Inu Makes History: First Decentralized Ecosystem With…
Click Here to Read the Full Original Article at Cryptocurrencies Feed…
