Benzinga Bulls And Bears: Disney, Paypal, Tesla And Why Dogecoin Is Set To Skyrocket 200%
Portfolio Pulse from Michael Cohen
Benzinga's weekly review highlights several bullish and bearish stock prospects. Bullish stocks include Disney (DIS) partnering with PENN Entertainment (PENN) for a sportsbook, Dogecoin (DOGE) predicted to surge 200%, and Tilray (TLRY) acquiring eight beer brands from Anheuser-Busch (BUD). Bearish stocks include Tesla (TSLA) after CFO's departure, Kering (PPRUY) and Advantest Corp (ATEYY) being heavily shorted, and Moody's downgrading credit ratings of banks including M&T Bank Corp. (MTB), Webster Financial Corp. (WBS), and BOK Financial Corp. (BOKF).
August 12, 2023 | 1:16 pm
News sentiment analysis
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NEGATIVE IMPACT
Advantest Corp is heavily shorted, a bearish sign.
Heavy shorting of Advantest Corp could indicate a lack of confidence in the company's stock, potentially leading to a decrease in its price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Moody's downgrades BOK Financial Corp.'s credit rating, a bearish sign.
The downgrade of BOK Financial Corp.'s credit rating by Moody's could negatively impact the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Moody's downgrades M&T Bank Corp.'s credit rating, a bearish sign.
The downgrade of M&T Bank Corp.'s credit rating by Moody's could negatively impact the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Kering is heavily shorted, a bearish sign.
Heavy shorting of Kering could indicate a lack of confidence in the company's stock, potentially leading to a decrease in its price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Tesla's CFO departs, a bearish sign.
The departure of Tesla's CFO could create uncertainty and negatively impact the company's stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Moody's downgrades Webster Financial Corp.'s credit rating, a bearish sign.
The downgrade of Webster Financial Corp.'s credit rating by Moody's could negatively impact the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Disney partners with PENN Entertainment for a sportsbook, a bullish sign.
The partnership with PENN Entertainment for a sportsbook could boost Disney's revenues and market presence.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Dogecoin is predicted to surge 200%, a bullish sign.
The prediction of a 200% surge could significantly increase the value of Dogecoin.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
PENN Entertainment partners with Disney for a sportsbook, a bullish sign.
The partnership with Disney for a sportsbook could boost PENN Entertainment's revenues and market presence.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Tilray acquires eight beer brands from Anheuser-Busch, a bullish sign.
The acquisition of eight beer brands from Anheuser-Busch could boost Tilray's revenues and market presence.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 85