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Benzinga examined the prospects for many of investors’ favorite stocks last week.
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Optimistic calls for the week included major technology stocks and a telecommunications giant.
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A major electric vehicle manufacturer and the recent initial public offerings of shares were among the down forecasts.
Major US indices ended the shortened trading week leading up to Christmas with marginal gains, despite news of a new variety of COVID-19 and the ongoing standoff in Washington, causing hope that the pandemic relief stimulus decrease again.
The leading electric vehicle manufacturer started trading as a S&P 500 component last week, but now also faces rumors of a formidable new competitor. A retail colossus has been sued for its alleged involvement in the opioid crisis, and a Chinese internet giant faces government scrutiny.
The week also saw a new change in the SEC rule that affects initial public offerings, mixed signals for a Santa Claus spike and a last minute deal with Brexit.
For all these reasons, Benzinga continued to examine the prospects for many of the most popular stocks among investors. Here are some of the most optimistic and pessimistic posts from last week that are worth a new look.
Bulls
“Apple analyst: Cupertino’s EV ambitions can do well with the partnership with Tesla, Chinese EV brands”, by Shanthi Rexaline, examines the ambitions of electric vehicles of Apple Inc. (NASDAQ: AAPL), both in its past and in its potential future. Will the company choose a strategic partnership?
In “Short Sellers Running Away from Netflix, the Alphabet and Other Technology Actions Towards 2021”, Wayne Duggan discusses the most recently covered shorts among Intel Corporation (NASDAQ: INTC), Netflix, Inc (NASDAQ: NFLX) and other major technology stocks.
Priya Nigam’s “still optimistic analyst, despite the leverage, dividend concerns” focuses on why one of the top analysts still favors AT&T Inc (NYSE: T), although it has three main concerns about the telecommunications giant’s finances. Are share buybacks imminent?
Occidental Petroleum Corporation (NYSE: OXY) will benefit from its oil leverage, now that oil prices have increased. That’s what Priya Nigam’s Occidental Petroleum Corporation says. See how it “paid the price” for its capital structure to be “strongly geared towards debt”, according to the analyst presented.
In Jayson Derrick, “Are Nike’s Stocks Still an All-Time Buy? The Street Debates”, see why analysts remain optimistic after Nike Inc (NYSE: NKE) posted better-than-expected results in the second quarter and the stock reached new highs. Is an underestimated profit growth story?
For additional optimistic calls from last week, also take a look at the following:
Bears
In Shivdeep Dhaliwal, “Tesla faces ‘Formidable Bear Case’ about Apple’s EV plans, says Morgan Stanley,” see how reports from the iPhone maker venturing into electric vehicles create a new “bear case” for Elon Musk, the leader of industry Tesla Inc (NASDAQ: TSLA) and for large automakers.
“Paul Meeks Bearish On Airbnb, Flame Short On DoorDash” by Mohit Manghnani presents the pessimistic views of a famous technology investor Airbnb Inc (NASDAQ: ABNB) and DoorDash Inc (NYSE: DASH). See if that sentiment extends to the broader technology sector in 2021.
Jayson Derrick, “BMO Steps to the margins of FuboTV after Big Run”, argues that the bullish case for FuboTV Inc (NYSE: FUBO) has come to an end. Check out subscriber growth expectations after the Super Bowl and college basketball season.
Investor sentiment about whether SmileDirectClub Inc (NASDAQ: SDC) has bullish potential next year is silenced, according to “Will SmileDirectClub Stock Reach until 2022?” by Henry Khederian. See what survey respondents believe will happen to the orthodontics sector in the coming months, as the use of the COVID-19 vaccine increases.
For another bearish approach on Tesla, be sure to check “Despite the 0.2B losses, Tesla short sellers increase bearish bets.”
At the time of this writing, the author had no position in the aforementioned actions.
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