Tesla, Apple, AMC, Alibaba, And Dogecoin’s Global Payment Role On Musk’s X Predicted: 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.

The three major stock indexes notched weekly gains, with the Dow Jones breaking a 13-day winning streak, a record since 1987, finishing 0.66% higher, while the S&P 500 and Nasdaq Composite rose by 1.01% and 2.02% respectively. Despite a dip on Thursday, the indexes rallied on Friday, closing the week positively.

In response to a persistent core inflation rate of 4.8%, the Federal Reserve on Wednesday raised the federal funds rate to between 5.25% and 5.5% — the highest since 2001 — with the possibility of another hike in September. Despite these changes, the U.S. economy is showing resilience with a surprising 2.4% annual growth in Q2 2023, offering hope to evade a potential recession.

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

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Cybertruck, Tesla’s ‘Home Run?’ Analyst Sees EV Pickup As ‘Rolling Billboard’ That Will ‘Really Catapult’ Stock,” by Shanthi Rexaline, discusses how Gary Black from Future Fund views Tesla, Inc.’s (NASDAQ:TSLA) Cybertruck as a potential game-changer that could significantly boost the company’s stock.

“Apple Bets On Vision Pro To Repeat iPhone Success, Serve As Game-Changer for AR/VR Industry,” by Anusuya Lahiri, highlights how Apple Inc. (NASDAQ:AAPL) is banking on its Vision Pro headset to revolutionize the AR/VR industry, much like the iPhone did for mobile computing.

Macro Guru Raoul Pal Predicts Elon Musk Will Use Dogecoin To Make ‘Global Payment System’ For Creators On X,” by Mehab Qureshi, discusses how Elon Musk may use Dogecoin (CRYPTO: DOGE) for global payments to content creators on the newly rebranded Twitter platform, “X.”

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

Microsoft, Apple, And Coinbase Among 7 Long-Term Stock Investment Favorites Of Benzinga Users

Palantir Stock Surges After Wedbush’s Ives Calls It ‘Messi of AI’ With A Bullish Outlook: ‘On Golden Track To Success’

Value Stocks Defy Rate Hikes: 3 Blue Chips Showing Resilience In The Face Of Federal Reserve’s Tightening

The Bears

Cathie Wood Is Losing Hope With Chinese Stocks: What’s Causing The Rift?,” by Shanthi Rexaline, reveals that Cathie Wood’s Ark Innovation ETF (NYSE:ARKK) has exited Chinese stocks, including Alibaba Group Holding Ltd (NYSE:BABA), amid regulatory crackdowns in China.

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“Nikola Says Truck That Caught Fire Last Month Went Up In Flames Again,” by Anan Ashraf, reports that a Nikola Corp. (NASDAQ:NKLA) truck, which had previously caught fire, reignited at the company’s Phoenix headquarters, with investigations into the cause ongoing.

What The AMC Entertainment Court Ruling Means For Meme Stock: Risk Of ‘Running Out Of Cash In 2024 Or 2025’,” by Chris Katje, explains that a court ruling against AMC Entertainment Holdings Inc (NYSE:AMC) could increase the risk of the company running out of cash by 2024 or 2025 if it fails to raise additional funds.

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

Disney Vs. DeSantis Showdown: Mouse House To Press Ahead With Lawsuit Against Florida Governor’s ‘Weaponized State’

Netflix Lowers Ad Prices For Ad-Supported Business After Microsoft Pact Fails To Deliver

Bud Light’s Fall Continues With Fourth-Place Ranking, While Rivals Constellation, Molson Coors Hit 52-Week Highs

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