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- Benzinga has examined the prospects for many investor favorite stocks over the past week.
- Last week's bullish calls included the iPhone maker, a top oilfield services stock and a pharmaceutical giant.
- FAANG stocks, the top cryptocurrency and meme stocks were among the bearish calls seen.
After a shaky start, the markets bounced back this past week from the prior week's dip into the red. The Nasdaq led the big U.S. indexes with an almost 3% gain for the week, while the S&P 500 was up about 2% and Dow Jones industrial average about 1% higher.
COVID-19 has been creeping back into the headlines, partly due to the Tokyo Olympics. That has prompted fears that the economic recovery might stumble. Both crude prices and Bitcoin slumped during the week, while chip shortages and inflation remained. The brewing debt ceiling fight in Congress is only just getting started.
However, the earnings-reporting season ramped up this week as well, and strong results from Dow Jones industrials helped buoy the markets. While the first FAANG component to post results disappointed, other strong tech sector reports have increased the high expectations for the coming week's results from the iPhone maker and market darling.
Through it all, Benzinga continued to examine the prospects for many of the stocks …
Full story available on Benzinga.com
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