Benzinga
Latest Benzinga bulls and bears: Alibaba, Apple, Intel, Tesla and more
* Benzinga examined the outlook for many of investors’ favorite stocks last week. * The bullish calls of the week included the iPhone maker and electric vehicle stocks. * A semiconductor manufacturer and a Chinese internet giant were among the pessimistic bets. The last week of trading in a tumultuous year offered little compared to Santa’s rise, with the S&P 500 and Dow Jones industrial average rising by about 1% and the Nasdaq essentially flat during the week. In the full year, however, the Dow rose about 6%, the S&P 500 was more than 14% higher and the Nasdaq had a gain of more than 41%. Not bad for a year that saw a market collapse in March. The year ended with the progress of a third COVID-19 vaccine, continued political discussions in Washington and signs of life in the film industry. In addition, the e-commerce colossus has succeeded with a new venture, the leader of electric vehicles is about to expand and the days of a high-end chip maker may be numbered. The end of the year is also a time to look to the future, with market themes to watch and predictions about FAANG stocks, cryptocurrency and more. Nevertheless, 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 another look. Incredibles in Jayson Derrick, “3 reasons why Gene Munster says Apple will outperform in 2021”, see why this famous technology expert and venture capitalist believes that some key catalysts will help elevate Apple Inc’s shares (NASDAQ: AAPL) this year and make it a high-performance FAANG piece. Tesla Inc (NASDAQ: TSLA) may exceed internal and Wall Street expectations in the fourth quarter, despite some “speed bumps.” This is according to Shivdeep Dhaliwal “Tesla on the way to surpass its ambitious delivery target of 500,000 deliveries for 2020, says Wedbush”. “Fast rallies on a new street price hike target: why Goldman Sachs is optimistic”, by Shanthi Rexaline, examines why a leading analyst believes that Snap Inc (NYSE: SNAP) shares are about to rise further , and fourth quarter revenue is likely to be well above consensus expectations. In “Why BofA is raising its nio price target ahead of the January 9 event,” Wayne Duggan discusses what electric car maker Nio Inc (NYSE: NIO) is likely to announce at its next event. See what should give investors many reasons for optimism this year. “Why KeyBanc is increasing continental resources”, by Priya Nigam, focuses on why oil and natural gas exploration and production company Continental Resources, Inc. (NYSE: CLR) is now well positioned and could re-establish its dividend this year. For additional bullish calls from last week, also take a look at the following: * The S&P 500 just did something that has always been on the rise since World War II * 3 catalysts that can raise stock prices in 2021 * Tilson: o Sparkling stock market may still be ‘one to two years from the top’ in “Intel Analyst: Challenges in 2021”, see how an analyst expects former chip maker Intel Corporation (NASDAQ: INTC) to respond to pressure from activists to make big changes. What could be next for the tech giant? “Alibaba shares the tank even when the e-commerce giant raises its share buyback target to B” by Aditya Raghunath, shows why boosting the Alibaba Group Holdings Ltd (NYSE: BABA) share buyback program in the face of anti – competition polls by the Chinese authorities did not please investors. “Pile of bears on FuboTV after a 330% increase in 2020”, by Kris Katje, argues that bears are questioning the assessment and long-term prospects for FuboTV Inc (NYSE: FUBO), one of the hottest stocks on the market streaming last year. Were five consecutive days of double-digit earnings too much? Electric vehicle maker Nikola Corporation (NASDAQ: NKLA) faces “lack of scale in the first 18 months of truck sales”, according to “JPMorgan Reduces Nikola Price Target, Sees ‘Execution Risk Associated with a Tarnished Brand'” by Priya Nigam. For more pessimistic take, be sure to check out these posts: * Bitcoin rally with peak probability in the coming weeks, says technical analyst * 10 worst-performing S&P 500 shares of 2020 At the time of this writing, the author had no position in the mentioned actions. Stay on top of the latest news and trading ideas by following Benzinga on Twitter. Photo credit: Andy Mitchell, FlickrSee more from Benzinga * Click here for Benzinga options negotiations * Barron’s Postnatal choices and cookware: Alibaba, Apple, Intel, Pool, Yelp and more * Notable insider purchases this week Christmas: Foot Locker, GameStop, NetApp and more (C) 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.