Disney, Paypal, Tesla And Why Dogecoin Is Set To Skyrocket 200%: Benzinga Bulls And Bears

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

Over the last week, both the S&P 500 and Nasdaq recorded losses, with declines of 0.3% and 1.9% respectively, marking back-to-back losing weeks for the first time since Nasdaq’s four-week downturn in December 2022. In a departure from this trend, the Dow bucked the pattern, gaining 0.6% over the same period.

Inflation figures have delivered a nuanced picture recently. The consumer price index for July, an essential gauge for market inflation, showed a 3.2% annual increase, slightly below the predicted 3.3%. On the other hand, July’s producer price index, which measures the cost of raw goods for wholesalers, edged up by 0.3% from the previous month, further muddying the waters of the inflation landscape.

But inflation data released Friday complicated the picture. July’s producer price index, which tracks the price wholesalers pay for raw goods, rose 0.3% from the previous month.

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

“Disney CEO Bob Iger Says ESPN Bet Had Multiple Suitors: Here’s Why PENN Entertainment Won,” by the Chris Katje, reports on PENN Entertainment (NASDAQ:PENN) partnering with The Walt Disney Company (NYSE:DIS) to launch an ESPN Bet-branded sportsbook, with Penn Entertainment licensing the rights to the ESPN Bet trademark for 10 years and rebranding its Barstool Sportsbook to ESPN Bet, a deal valued at $1.5 billion.

“Analyst Predicts Dogecoin Could Skyrocket 200%, Reach Levels Above $0.20, But ‘You Still Don’t Want To Believe It’,” by the Mehab Quershi, highlights a prediction by pseudonymous crypto analyst Kaleo that Dogecoin (CRYPTO: DOGE) could experience a significant breakout, potentially resulting in gains exceeding 200%. Kaleo’s analysis points to a pattern of slow decline followed by a rapid surge, with the possibility of DOGE reaching around $0.24.

“Tilray Acquires 8 Beer Brands from Struggling Bud Light Parent Anheuser-Busch: Here’s What It Means,” by Maureen Meehan, details how Tilray Brands, Inc. (NASDAQ:TLRY) has entered into an agreement to acquire eight beer brands from Anheuser-Busch (NYSE:BUD), making Tilray the fifth-largest craft beer business in the U.S.

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

Gene Munster Makes The Case There’s ‘Something Bigger Going On’ With Apple Stock

Cathie Wood’s Ark Details Nvidia’s Unique Strategy To Take On Amazon, Microsoft And Google In AI Arms Race

Alibaba’s Recovery and Growth Prospects Drive Positive Outlook from Mizuho Analyst

The Bears

“Why Did Tesla CFO Quit? Musk Cites ‘Long Tour of Duty’ But 2 Analysts Have Their Own Take,” by Shanthi Rexaline, discusses Tesla, Inc. (NASDAQ:TSLA) CFO Zachary Kirkhorn‘s decision to leave after 13 years, with CEO Elon Musk attributing it to a long tenure, while analysts speculate on potential reasons, including vested stock and disagreements on strategy.

“Hedge Fund Sentiment Turns Sour On Market’s Darlings, Hazeltree Data Indicates,” by AJ Fabino, reveals that insights from Hazeltree show top hedge funds are taking a bearish stance on some of the hottest sectors, including electric vehicles, luxury brands and AI tech. Names like Tesla Inc (NASDAQ:TSLA), luxury brand owner Kering (OTC:PPRUY) and Japanese chip company Advantest Corp (OTC:ATEYY) topped the list for being heavily shorted.

“U.S. Banking Sector Shaken: Moody’s Drops Credit Ratings Of 10 Banks, Sounds Alarm For More Downgrades,” by Piero Cingari, reports that credit rating organization Moody’s downgraded the ratings of 10 U.S. small and mid-sized banks, including M&T Bank Corp. (NYSE:MTB), Webster Financial Corp. (NYSE:WBS) and BOK Financial Corp. (NASDAQ:BOKF), citing concerns over rising financing costs, potential regulatory capital weaknesses and risks in commercial real estate lending.

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

Paul Krugman Thinks China’s Economic Woes Make It More Dangerous To Global Security: ‘Autocratic Regimes Sometimes Respond … With Foreign Adventurism’

GM Cadillac EV Price-Performance Falls Short Of Tesla, Says Fund Manager: ‘Customers Aren’t Stupid’

Lucid Group’s Q2 Deliveries ‘Disappointing,’ Yet Saudi Arabia Shipments Seen As Positive: Analyst Insights On Earnings

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