Benzinga Bulls And Bears: Tesla, Nvidia, Palantir And Trader Predicts 'Huge Rebound' For Dogecoin
Benzinga examined the prospects for many investors’ favorite stocks over the last week — here’s a look at some of our top stories.
U.S. stocks hit all-time highs during the shortened Independence Day trading week, buoyed by economic data that raised hopes the Federal Reserve might start cutting interest rates. The Nasdaq Composite surged 3.5%, the S&P 500 rose nearly 2%, and the Dow lagged slightly with a 0.7% increase.
Despite a stronger-than-expected job market report for June, revisions for prior months and a slight rise in the unemployment rate suggested a cooling economy. Additional signs of an economic slowdown emerged from the Institute for Supply Management Services PMI, which fell to its lowest level since May 2020.
Benzinga provides daily reports on the stocks most popular with investors. Here are a few of this past week’s most bullish and bearish posts that are worth another look.
The Bulls
“Trump Winning The Election Would Be ‘Major Catalyst’ For Crypto To Surge, Says Investment Expert,” by Murtuza Merchant, explains how Donald Trump‘s potential election victory could boost the cryptocurrency market, including Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH), according to an investment expert.
“Momentum Investor Praises Palantir As AI Halo Play, Highlights Datadog As Stoware ‘Bottoming Process’ Sets In,” by Adam Eckert, discusses a momentum investor’s positive outlook on Palantir Technologies Inc. (NYSE:PLTR) due to its strong position in AI, while also noting Datadog Inc. (NASDAQ:DDOG) as a promising investment at its current lows.
“Dogecoin Dumps As Whales Move 400 Million Coins, Trader Predicts ‘Next Will Be A Huge Rebound,’” by Khyathi Dalal, reports on significant whale activity amid Dogecoin‘s (CRYPTO: DOGE) price drop, but one trader predicts a major rebound as large holders have moved 400 million DOGE.
For additional bullish calls of the past week, check out the following:
SoFi’s Transaction Revenue Skyrockets: Analyst Foresees Major Growth, Higher Valuation
The Bears
“Tesla FSD Training Hits a Snag, Elon Musk Says New Version Rollout Delayed Due to Driving Smoothness,” by Anan Ashraf, reports that Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk announced delays in the rollout of Full Self-Driving (FSD) version 12 due to issues with driving smoothness, pushing back the deployment timeline despite significant advancements.
“GameStop Shares Take a Hit After ‘Roaring Kitty’ Discloses 6.6% Stake In Chewy And Faces A Manipulation Probe,” by Pooja Rajkumari, discusses how GameStop Corp. (NYSE:GME) shares fell following Keith Gill‘s 6.6% investment in Chewy Inc. (NYSE:CHWY) and subsequent manipulation allegations.
“Nvidia Gets Rare Downgrade Over Concerns That Demand Is Normalizing ‘In Line With Expectations,’” by Rounak Jain, notes Nvidia Corp. (NASDAQ:NVDA) faced a rare downgrade due to concerns about normalizing demand, despite its strong position in AI and data centers.
For more bearish takes, be sure to see these posts:
AI Has ‘The Hallmarks Of An Inflating Bubble,’ Warns Veteran Wall Street Investor
Boeing Faces High-Stakes Decision: Accept Plea Deal Or Risk Trial Over 737 MAX Safety Violations
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This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Image created using artificial intelligence vid Midjourney.