Benzinga Bulls And Bears: Amazon, Meta, Tesla, And A Bitcoin Bull Says Dogecoin Should Be Worthless

March 11, 2023 3:25 PM | 3 min learn

Benzinga examined the prospects for a lot of buyers’ favourite shares over the past week — this is a have a look at a few of our high tales.

The markets took a tumble this week, triggered by hawkish feedback by Fed Chair Jerome Powell, adopted by the collapse of Silicon Valley Financial institution on Friday. The S&P 500 ended the week down 4.55%, the Nasdaq Composite dropped by 4.71%, and the Dow Industrials misplaced 4.44% for the week.

On Thursday, SVB Monetary Group (NASDAQ:SIVB) introduced plans to lift $2 billion in capital to offset $1.8 billion in losses on bond gross sales, sending the inventory down 60% on the day. SVB shares had been crashing once more Friday earlier than the inventory was halted and the corporate’s Silicon Valley Financial institution was shut down by regulators.

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Earlier within the week, Powell advised Congress the most recent batch of U.S. financial knowledge “have come in stronger than expected,” and the Fed will possible be pressured to lift rates of interest “higher than previously anticipated.”

Benzinga gives each day reviews on the shares hottest with buyers. Listed below are a couple of of this previous week’s most bullish and bearish posts which might be price one other look.

The Bulls

“Lawmakers May Ban TikTok, Other Chinese Tech, And Snapchat’s Stock Is Reacting,” by Aaron Bry, seems at how social media firms like Snap Inc (NYSE:SNAP) may gain advantage if U.S. lawmakers ban TikTok.

In “Amazon NFT Marketplace Reportedly Launching On April 24: What You Should Know About Latest Rumor,” Chris Katje particulars ongoing hypothesis that Amazon.com Inc (NASDAQ:AMZN) could also be getting ready to launch an NFT market.

“Meta Quest Pro Now Available At $999: Is Mark Zuckerberg Planning Ahead For Apple MR Headset?” by Ananya Gairola, reviews on Meta Platform Inc’s (NASDAQ:META) main value reduce on its Quest Professional VR headset in an effort to draw extra customers into the digital actuality universe.

For added bullish calls of the previous week, try the next:

Billionaire Chamath Palihapitiya Predicts New Regulation Showering Billions On Clear Power To Create World’s First Trillionaire

Tesla Analyst Says ‘Weaponized’ Capability Is Already Priced In: Is Elon Musk Enjoying Chess Whereas Different Automakers Play Catch Up?

Apple, Amazon, AMD And 10 Extra Tech Shares Morgan Stanley Recommends By way of Market Trough, Into Subsequent Bull Run

The Bears

“Michael Burry Drops Cryptic Tweet: ‘Possible Today We Found Our Enron,'” by Shanthi Rexaline, reviews on a cryptic tweet from “Big Short” investor Michael Burry, amid issues of the bigger influence of a warning issued by SVB Monetary Group, the holding firm of Silicon Valley Financial institution.

In “Bitcoin Bull Mark Yusko Asks Why Dogecoin Exists: ‘My Mind Hurts,'” Mehab Qureshi explains why Bitcoin (CRYPTO: BTC) bull Mark Yusko continues his criticism of Dogecoin (CRYPTO: DOGE), reiterating his stance that the token shouldn’t have any worth, and calling it “speculative nonsense.”

“Tesla Shares Slip As Model Y Gets Under US Regulatory Radar Over Steering Wheel Issue,” by Shanthi Rexaline, seems on the potential influence of a probe initiated by the Nationwide Freeway Site visitors Security Administration over the steering wheel coming off Tesla Inc’s (NASDAQ:TSLA) Mannequin Y SUVs following two complaints.

For extra bearish takes, make sure you see these posts:

World’s Largest Asset Supervisor Says Fed Might Take Charges To six% and Maintain Them There For Prolonged Interval

Elizabeth Warren Says She Warned Of Silvergate’s ‘Dangerous’ Exercise: ‘Failure Disappointing, However Predictable’

Paul Krugman Says Economic system In all probability Nonetheless Working Scorching: ‘What Issues Are…’

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