Benzinga examined the prospects for over the last week — here’s a look at some of our top stories.
The three major stock indices extended their winning streak to six consecutive weeks, marking the longest stretch of gains for both the Dow Jones and S&P 500 this year. The Dow rose 0.96%, the S&P 500 increased by 0.85%, and the Nasdaq advanced 0.80%.
Retail sales in September exceeded expectations, and a significant drop in jobless claims added to the view that the U.S. economy is still robust. This strong economic momentum has led some analysts to reassess the Federal Reserve’s future course of action, with many now questioning the likelihood of additional interest rate cuts.
However, rising Treasury yields have impacted the housing market, causing a sharp increase in mortgage rates and a corresponding drop in mortgage applications. Homebuyer demand experienced its steepest decline since April 2020, as potential buyers pulled back due
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
“,” by , reports that Apple Inc. AAPL achieved record iPhone sales in Q3 2024, securing 18% global market share, just behind Samsung Electronics Co. Ltd. SSNLF, as the global smartphone market grows by 5% year-over-year.
“,” by , reports on Oklo Inc. OKLO shares rising after Alphabet Inc. GOOG GOOGL announced plans to use nuclear energy, with speculation that Sam Altman‘s connections may position Oklo for future deals with tech giants.
“,” by , reports on how meme coins like Dogecoin DOGE/USD, Shiba Inu SHIB/USD, and Pepe PEPE/USD reached billion-dollar valuations faster than traditional companies like Nutanix Inc. NTNX and Nice Ltd. NICE.
For additional bullish calls of the past week, check out the following:
The Bears
“,” by , reports that Northwestern University has sued Moderna Inc. MRNA for allegedly using its lipid nanoparticle technology in COVID-19 vaccines like Spikevax without permission, seeking damages for patent infringement.
“,” by , reports that the Federal Trade Commission’s new rule aims to simplify canceling subscriptions, impacting companies like Netflix Inc. NFLX and Planet Fitness Inc. PLNT by requiring them to make a cancellation as easy as signing up.
“,” by , reports that Chinese company Skywell, known for selling affordable Skyworth TVs, unveiled the Q hatchback EV at the Paris Auto Show, marking its entry into the EV space and potentially challenging Tesla Inc. TSLA with competitively priced models.
For more bearish takes, be sure to see these posts:
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This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
