Benzinga has examined the prospects for many investor favorite stocks over the past week. The past week’s bullish calls the iPhone maker, an aerospace giant and big banks. The EV leader, an entertainment giant and movie theater operators were among the bearish calls seen.
Summer arrived last week, bringing with it high prices for oil and gasoline, little signs of compromise in Congress on infrastructure spending, and major indexes below all-time highs. Also, the meme stocks started to explode all over again in the past week. And while jobless claims hit a post-pandemic low, the May employment situation report was solid but not spectacular, further easing concerns that the Federal Reserve may taper economic stimulus soon.
The Dow Jones industrials, S&P 500 and Nasdaq all ended the holiday-shortened week fractionally higher, despite a marginal dip into the red midweek.
In other news, airlines are looking optimistic, federal marijuana legalization has a powerful supporter, tariffs are back on the table, and Prime Day and the Worldwide Developers Conference, both highly anticipated, are fast approaching.
Not so eagerly anticipated, foreclosures and evictions appear to be poised to explode at the end of this month.
Through it all, Benzinga continued