Benzinga Bulls and Bears Analyze Tesla, Microsoft, Apple, and Novavax, Speculating a 50% Surge for Dogecoin
Benzinga, a financial news and analysis platform, has reported on the prospects of popular stocks for investors over the past week. The week ended on a bullish note as all three major US indices rose, with the S&P 500 up by 1.9%, the Dow Industrial Average up by 1.17%, and the Nasdaq Composite up by 2.6%. Atlanta Fed President Raphael Bostic indicated that the Federal Reserve did not need to speed up its interest rate hikes, despite higher than expected inflation data in January. Meanwhile, Comerica Bank’s Chief Economist Bill Adams predicted that the Fed will increase the fed funds rate a quarter point at each of its next three meetings to a range of 5.25%-5.5%, stabilizing the rate through March 2024. Benzinga also provided daily reports on popular stocks, with bullish stories including Microsoft’s Phone Link App, Dogecoin’s potential to surge by 50%, and Elon Musk’s allowance of cannabis brands on Twitter, which could boost stocks like Trulieve Cannabis Corp. Bearish stories included Tesla’s underwhelming investor day, Novavax’s crash in shares, and Silvergate Capital Corp’s sudden dip, which caused a $240m wipeout in the crypto market. The news platform also shared other stories such as women’s history month and its impact on the stock market, as more women engage in investing. Benzinga continues to provide breaking news and trading ideas to investors, with its latest reports available on Twitter.