This comment was written by Vanny on 7 Oct 2023.
Top Stories for Investors: Bullish and Bearish Calls
Last Update: 8 October 2023
In the past week, the S&P 500 saw a modest gain of 0.5%, the Dow decreased by 0.3%, while the Nasdaq experienced a significant 1.6% rise. Yields on the Treasury curve continued to climb, with the 10-year Treasury yield reaching a 16-year high of 4.75%. By the end of the week, the 30-year yield crossed the 5% mark, fueled by a strong jobs report.
The September jobs report revealed an unexpected surge in non-farm payrolls, with an increase of 337,000 jobs compared to the predicted 170,000. This impressive report propelled yields even higher.
Benzinga, a trusted source for daily reports on popular stocks, provides insights into some of the week’s most noteworthy bullish and bearish stories.
One bullish story explores venture capitalist Tim Draper’s early investment in Tesla Inc and his admiration for CEO Elon Musk. Draper expressed regret for selling his Tesla stake prematurely, as it would have generated a 4000x return had he held onto it.
Microsoft CEO Satya Nadella’s testimony at Alphabet Inc.’s antitrust trial brings attention to the power of Apple Inc.’s default search engine choice and Microsoft’s efforts to replace Google on Apple devices.
Another story reveals how a warehouse manager retired early after his $8,000 investment in Shiba Inu surged, although he could have earned significantly more if he hadn’t withdrawn $500,000.
On the bearish side, KeyBanc Capital Markets downgraded Apple due to concerns such as high stock multiples, challenges in U.S. sales, potential international growth difficulties, and overly optimistic estimates.
Disney’s parks division announced discounts for children’s tickets at Disneyland and Disney World due to declining attendance and increased costs for families. Despite these challenges, the division reported a 13% revenue increase in Q3 and plans significant investments in the future.
Jim Cramer expressed concern about Rivian Automotive following its $1.5 billion offering, cautioning against comparing its CEO to Elon Musk and highlighting the challenges faced by new EV companies.
These stories provide investors with valuable insights and perspectives on some of the most popular stocks. Stay updated with breaking news and trading ideas by following Benzinga on Twitter.
Definitions:
– S&P 500: A stock market index that measures the performance of 500 large companies listed on stock exchanges in the United States.
– Dow: Refers to the Dow Jones Industrial Average, an index that tracks the stock performance of 30 large, publicly owned companies.
– Nasdaq: An electronic stock exchange where many technology companies are listed.
– Treasury curve: A graph that shows the yields of U.S. Treasury bonds of different maturities.
– Non-farm payrolls: A measure of employment in the U.S. that represents the total number of paid workers, excluding farm workers, private household employees, and nonprofit organization employees.
– Venture capitalist: An investor who provides funding to startup companies or small businesses in exchange for equity or ownership stakes.
– Antitrust trial: A legal proceeding that examines whether a company has engaged in anti-competitive behavior.
– Default search engine: The search engine that is automatically used when a user performs a web search without specifying a particular search engine.
– Stake: A share or investment in a company.
– EV companies: Companies that specialize in producing electric vehicles.
– Q3: The third quarter of the year, commonly referred to as July to September.
The September jobs report revealed an unexpected surge in non-farm payrolls, with an increase of 337,000 jobs compared to the predicted 170,000. This impressive report propelled yields even higher.
Benzinga, a trusted source for daily reports on popular stocks, provides insights into some of the week’s most noteworthy bullish and bearish stories.
One bullish story explores venture capitalist Tim Draper’s early investment in Tesla Inc and his admiration for CEO Elon Musk. Draper expressed regret for selling his Tesla stake prematurely, as it would have generated a 4000x return had he held onto it.
Microsoft CEO Satya Nadella’s testimony at Alphabet Inc.’s antitrust trial brings attention to the power of Apple Inc.’s default search engine choice and Microsoft’s efforts to replace Google on Apple devices.
Another story reveals how a warehouse manager retired early after his $8,000 investment in Shiba Inu surged, although he could have earned significantly more if he hadn’t withdrawn $500,000.
On the bearish side, KeyBanc Capital Markets downgraded Apple due to concerns such as high stock multiples, challenges in U.S. sales, potential international growth difficulties, and overly optimistic estimates.
Disney’s parks division announced discounts for children’s tickets at Disneyland and Disney World due to declining attendance and increased costs for families. Despite these challenges, the division reported a 13% revenue increase in Q3 and plans significant investments in the future.
Jim Cramer expressed concern about Rivian Automotive following its $1.5 billion offering, cautioning against comparing its CEO to Elon Musk and highlighting the challenges faced by new EV companies.
These stories provide investors with valuable insights and perspectives on some of the most popular stocks. Stay updated with breaking news and trading ideas by following Benzinga on Twitter.
Definitions:
– S&P 500: A stock market index that measures the performance of 500 large companies listed on stock exchanges in the United States.
– Dow: Refers to the Dow Jones Industrial Average, an index that tracks the stock performance of 30 large, publicly owned companies.
– Nasdaq: An electronic stock exchange where many technology companies are listed.
– Treasury curve: A graph that shows the yields of U.S. Treasury bonds of different maturities.
– Non-farm payrolls: A measure of employment in the U.S. that represents the total number of paid workers, excluding farm workers, private household employees, and nonprofit organization employees.
– Venture capitalist: An investor who provides funding to startup companies or small businesses in exchange for equity or ownership stakes.
– Antitrust trial: A legal proceeding that examines whether a company has engaged in anti-competitive behavior.
– Default search engine: The search engine that is automatically used when a user performs a web search without specifying a particular search engine.
– Stake: A share or investment in a company.
– EV companies: Companies that specialize in producing electric vehicles.
– Q3: The third quarter of the year, commonly referred to as July to September.
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Last Update: 9 October 2023A new dinosaur species has been identified after an amateur fossil collector found a fossil on Britain’s Isle of Wight. The dinosaur, named Vectidromeus insularis, was provided to researchers by another amateur collector, Sean Smith. The researchers initially thought it might be a carnivorous dinosaur, but further examination revealed it to be an ornithischian herbivore, similar to Hypsilophodon foxii. The specimen is believed to be a juvenile, and it had distinct features such as the ilium, pubis, and ischium. Through the contributions of local collectors, four different pieces of the dinosaur were found, including parts of the hips, legs, toes, and tail. Although many hypsilophodont fossils have been found on the Isle of Wight, the Vectidromeus insularis is not believed to be the same species. The researchers praised the work of the amateur collectors and encouraged more collaboration between scientists and the amateur community in paleontological discoveries. The researchers stated that both Vectidromeus insularis and Hypsilophodon foxii are members of the hypsilophodont family and lived approximately 125 million years ago, alongside early tyrannosaurs, spinosaurs, and Iguanodon. The Vectidromeus was found in lower rock layers and is estimated to be two or three million years older than Hypsilophodon foxii. This discovery adds to the growing number of new dinosaur species unearthed on the Isle of Wight, with seven new species being discovered in the last four years. Study co-author Dave Martill from the University of Portsmouth attributed these discoveries to the efforts of amateur collectors.Source:
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