Benzinga examined the prospects for many investors’ favorite stocks over the last week — here’s a look at some of our top stories.
The S&P 500 hit a new record high on Friday, buoyed by impressive tech earnings and a surprisingly strong January jobs report. Over the week, the S&P 500, Nasdaq and Dow all saw gains, marking the fourth consecutive week of increases after a shaky start to the year.
With the robust job growth and with non-farm payrolls jumping to 353,000 in January, Fed Chair Jerome Powell suggested a March interest rate cut is likely off the table, emphasizing the goal of reaching a 2% inflation target. This strong employment growth, exceeding expectations, adds complexity to the Federal Reserve’s decisions on interest rates.
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.
“Meta Platforms Analysts Raise Expectations After Q4 Earnings Beat: ‘Growth, Profits, Buyback & Dividends All In One’” by Chris Katje, highlights Meta Platforms’ (NASDAQ: META) strong Q4 performance and optimistic analyst outlooks, underpinned by significant advertising strength, AI advancements and shareholder returns.
“‘DOGE Is Gonna Pop’: Crypto Analyst Predicts Dogecoin On The Verge Of A Price Jump” by Mehab Qureshi, reports cryptocurrency analyst Muro forecasting a potential 6% increase in Dogecoin (CRYPTO: DOGE) value, influenced by developments on the X app.
“AMD CEO Highlights Huge AI Opportunity: ‘It’s Going To Change Everything We Do’” by Adam Eckert, details Advanced Micro Devices Inc. (NASDAQ: AMD) CEO Lisa Su’s optimistic outlook on AI’s transformative potential, despite the company’s stock dip post-Q4 earnings.
For additional bullish calls of the past week, check out the following: