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Benzinga examined the prospects for many investors’ favorite stocks over the last week — here’s a look at some of our top stories.

Barbara Streisand
Barbara StreisandOriginal
2024-09-22 00:41:09727browse

The three major averages posted weekly gains, with the S&P 500 rising 1.36% and up over 19% for 2024, while the Dow gained 1.62% and the Nasdaq advanced 1.49%.

Benzinga examined the prospects for many investors’ favorite stocks over the last week — here’s a look at some of our top stories.

Three major market averages posted weekly gains, with the S&P 500 adding 1.36% and gaining over 19% for 2024, as the Dow gained 1.62% and the Nasdaq advanced 1.49%.

The Federal Reserve cut interest rates by 50 basis points in September, an adjustment that surprised many economists who had anticipated a smaller 25-basis-point reduction.

Emphasizing the need to act early in support of the labor market, Fed Chair Jerome Powell noted that strong employment necessitates proactive measures. While hinting at potential future cuts, Powell framed this move as a recalibration rather than a broader policy shift, highlighting data-driven decision-making.

As Benzinga provides daily updates on the stocks generating the most interest among investors, here are a few of this past week’s most bullish and bearish posts that are worth another look.

The Bulls

Highlighting Palantir Technologies Inc‘s (NYSE:PLTR) potential tenfold growth, as CEO Alex Karp emphasizes the company’s role in accelerating client success, BofA Securities maintained a bullish outlook and a $50 price target in “Palantir ‘Key Enabler’ Of Clients’ Businesses, Says Bullish Analyst, As CEO Touts 10-Fold Growth From Current Levels.”

In “Walmart Division Sam’s Club Raises Wages For Hourly Associates: A Strategic Move To Stay Ahead In Retail,” detailing Walmart Inc.‘s (NYSE:WMT) strategy to enhance worker retention and performance, hourly pay increased by 3%-6% for nearly 100,000 frontline workers at Sam’s Club as part of a broader effort to stay competitive in the retail sector.

A crypto trader’s belief that Dogecoin (DOGE/USD) will outshine Bitcoin (BTC/USD) in 2025 was discussed in “Dogecoin Will Outperform Bitcoin In 2025, Vows Trader: Here’s What The ‘Follower Effect’ Means.”

For additional bullish calls of the past week, check out the following:

Qualcomm Analyst Sees Opportunity In ‘Regaining Share With Samsung’ After Apple Revenue Squeeze

MicroStrategy 2X Leveraged, Inverse ETFs Are Here, Offer ‘Unparalleled Access To MicroStrategy’s Bitcoin Exposure’

Nvidia Considers $165M OctoAI Acquisition, Aims to Strengthen AI and Cloud Dominance

The Bears

Highlighting concerns over weaker-than-expected demand for Apple Inc‘s (NASDAQ:AAPL) iPhone 16, an analyst cited early pre-order data of 37 million units and employee discounts available unusually early as potential warning signs in “Apple iPhone 16 Pre-Orders Show Possible Low Demand, One Sign Could Point To Company Break With This Employee Rule.”

In “Home Depot Agrees To Settlement, While Overbought Signals Warn Of Potential Sell-Off,” Home Depot Inc.‘s (NYSE:HD) nearly $2 million settlement was reported for overcharging allegations. At the same time, technical indicators suggested the stock may face a sell-off due to overbought conditions.

“Brace For Stagflation After Fed’s Benevolence, Warns Analyst, Raising 5 Corporate Red Flags: ‘Inflation Is Transitory Mistake All Over Again,'” discussed Gordon Johnson’s warning that the recent rate cuts by the Federal Reserve could lead to stagflation, citing downturns at Skechers U.S.A., Inc. (NYSE:SKX) and FedEx Corp. (NYSE:FDX) as red flags.

For more bearish takes, be sure to see these posts:

Donald Trump Can Cash Out His Trump Media & Technology Stock, Keep Company Control: Here’s How Many Shares He Owns

‘Mass Slaughter’: Wealth Manager Warns Of Market Correction, Digital Disruption As ETF, Passive Investing Goes Up And To The Left

EXCLUSIVE: Options Expert Warns Of ‘Terrible Week’ After Friday’s Triple Witching

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