close
close

Benzing Week Bulls and Bears: Tesla, Netflix, General Motors, Disney, and the Company Betting Big on Bitcoin

Benzinga has explored the outlook for many investors’ favorite stocks over the past week, offering a 24/7 news feed, live chat and charting software on Benzinga Pro.

Stocks continued to fall as the S&P 500 fell 5.8% this week, with all 11 sectors down more than 15% from recent highs. The Dow ended the week down 4.8% to close below 30,000, the biggest drop since October 2020. The Nasdaq Composite also fell 4.8% over the week.

Investors remain on edge as the Federal Reserve raised interest rates by 75 basis points on Wednesday. Chairman Jerome Powell on Friday stressed the Fed’s mission to fight inflation, pointing to the power of consumers even as falling markets cut household incomes.

Benzinga continues to explore the outlook for many of the most popular stocks among investors. Here are some of the most bullish and bearish posts from the last week that you should pay attention to.

Bulls

“That’s why Ark Invest’s major shareholder is optimistic about a potential Roku-Netflix merger,” Chris Katie looks at the reasons Ark Invest optimistic about potential combination Roku Inc. ROCU as well as Netflix Inc NFLKS.

In “Mike Novogratz Says Bitcoin Will ‘Explode North’ The Moment It Happens”, Adam Eckert explains the bold call made by Galaxy Digital Executive Director Mike Novogratz on the bitcoin Bitcoin/US dollarand what will cause a reversal in the price fall.

“General Motors Unveils Blazer EV: Here’s What Investors Need to Know and the Vehicle’s Launch Date,” Chris Katier details how General Motors Company grandmaster plans to unveil the 2024 Chevrolet Blazer EV on July 18.

For additional bullish signals from the past week, check out the following:

Analyst Recommends Buys for Apple, Microsoft and Google Shares, Citing This Warren Buffett Investment Advice

Here’s How Long Bear Markets Last On Average — And What Profits Investors Can See After A Correction

Katie Wood buys Tesla shares for the sixth time this month

The Bears

“Elon Musk sees these two preeminent electric car makers heading for bankruptcy,” Rahit Watts, looks at why Tesla Inc TSLA Executive Director Elon Musk believes that electric vehicle startups Rivian Automotive Inc. RIVN as well as Lucid Group Inc. LCD going to bankruptcy.

In How Many Subscribers Could Disney Lose Due to Failure in India, Shanti Rexalyn explains how The Walt Disney Company DIS will be affected after the bet is outbid Paramount Global PAIR for long-term rights to the Indian Premier League cricket tournament.

“How low does bitcoin need to fall before MicroStrategy is forced out of its huge pile of coins?” Shivdeep Dhaliwal highlights the potential MicroStrategy Inc. MSTR face a margin call bitcoin Bitcoin/US dollar the price drops below $20,000.

For more bearish views, be sure to check out these posts:

Disney World visitors complain about the lack of air conditioning in some attractions

WWE Investigates CEO Vince McMahon’s Secret $3 Million Payment To Former Employee: Report

Bill Gates Criticizes Crypto, NFT: Scam Based on ‘Greater Fool Theory’

Stay up to date with all the latest news and trading ideas by following Benzinga on Twitter.

Leave a Reply

Your email address will not be published.

Previous post 2 Celtics players to be traded in 2022 NBA off-season after loss to Warriors in NBA Finals
Next post NBA Draft: Alabama Roots First Round Players