Tesla, GameStop, Disney And Dogecoin Reaches Over 5 Million Holders: Benzinga Bulls And Bears


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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.

This week saw the S&P 500 rise by 0.77%, the Dow increase by 2.4%, and the Nasdaq grow by 0.38%.

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Speaking at Spelman College, Federal Reserve Chair Jerome Powell stated that it’s too early to consider the Fed’s current measures as overly restrictive and indicated a willingness to further adjust policies if necessary. Powell noted a decrease in overall inflation to 3% over the past year but remained concerned about core inflation, which is still at 3.5%, exceeding the Fed’s 2% target.

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Meanwhile, the Personal Consumption Expenditure price index, the Fed’s preferred inflation gauge, slowed to an annual rate of 3% in October from 3.4% in September, meeting market predictions.

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

“Cybertruck Launch ‘Historical Moment’ For Tesla: Analyst Says Elon Musk Will Prove He Can Expand ‘Tesla Halo Effect’,” by Chris Katje, highlights Wedbush analyst Dan Ives‘ perspective on Tesla Inc. (NASDAQ:TSLA)’s Cybertruck launch as a pivotal event that will demonstrate CEO Elon Musk‘s ability to enhance Tesla’s influence in the evolving electric vehicle sector.

“Dogecoin Reaches 5M Holders But Few Hold 80% Of Supply,” by Mehab Qureshi, reports that while Dogecoin (CRYPTO: DOGE) has reached over 5 million holders, fewer than 5,000 of these accounts control over 80% of its total supply, indicating a significant concentration of ownership.

“Investors Bet on GameStop Surge: Anticipation for 28% Rise Next Week as Meme Stocks Regain Popularity,” by Navdeep Yadav, discusses investors’ speculation on a significant rise in GameStop (NYSE:GME) stock, driven by retail investors betting on deep out-of-the-money call options ahead of the company’s third-quarter earnings report.

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

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The Bears

“Bob Iger Vs. Nelson Peltz: A Former Marvel Boss Joins War Over Disney Board,” by Neil Dennis, covers the escalating boardroom battle at Walt Disney Co (NYSE:DIS), with activist investor Nelson Peltz and former Marvel boss Ike Perlmutter challenging CEO Bob Iger‘s leadership amid Disney’s recent performance issues.

“Investors Are Fleeing China: One Data Point Went Negative For First Time Ever,” by Surbhi Jain, reports on China experiencing its first-ever quarterly deficit in foreign direct investment, signaling a significant shift in investor sentiment due to factors like interest rate differentials and Western de-risking initiatives.

“Meta’s Metaverse Ambitions Hit a Roadblock,” by Anusuya Lahiri, discusses the challenges faced by Meta Platforms Inc. (NASDAQ:META) in selling its Quest virtual reality headsets, attributed to customers’ reluctance to try on these headsets in stores, impacting sales during the crucial shopping season.

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

VIX At Pre-Pandemic Low: Is Wall Street’s Fear Gauge Mispricing Risk Of Downturn?

Fed Chair Powell Remains Cautious: ‘Premature’ To Declare Victory On Inflation, ‘Prepared To Tighten Policy Further’

Tesla Bull Gary Black Rues Attacks From Fellow Bulls, Says Opposing Management Strategy Is Not ‘Attacking Elon’

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Options 101: Ready to Shift 2023 Into High Gear Ahead of 2024?

In a market primed for success with halted rate hikes, slowing inflation, and bullish outlook from big banks, Options Starter is your key to capitalizing on these opportunities. Unlock market-winning strategies now with Options Starter. Grab your 90% discount here.


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