Tesla, Nvidia, Palantir And Trader Predicts ‘Huge Rebound’ For Dogecoin: Benzinga Bulls And Bears

Benzinga spent the last week looking at the stock prospects that many investors favor, and here are some of the top stories.

U.S. stocks hit new record highs during the shortened Independence Day trading week, buoyed by economic data that raised hopes that the Federal Reserve might start cutting interest rates. The Nasdaq Composite surged 3.5% and the S&P 500 rose nearly 2%, while the Dow lagged slightly, adding 0.7%.

The June job market report beat expectations, but a revision to the previous month and a slight increase in the unemployment rate suggest the economy is cooling. The Institute for Supply and Management Services (ISM) PMI fell to its lowest level since May 2020, providing further signs of an economic slowdown.

Every day Benzinga provides a report on the most popular stocks for investors, and here are some of the most bullish and bearish posts from the past week that are worth another look.

Bulls

“Trump’s election victory will be a ‘huge catalyst’ for cryptocurrency surge, says investment expert,” Murtuza Merchant wrote. Donald TrumpA possible election victory for could energize the cryptocurrency market. Bitcoin BTC/USD and Ethereum ETH/USDAccording to investment experts.

“Momentum Investors Praise Palantir as AI Hello Play, Watch Datadog as Stoware’s ‘Bottoming Process’ Begins” discusses the positive outlook for momentum investors. Palantir Technologies, Inc. P.L.T.R. With a strong position in the AI ​​field, Datadog Inc. D-Dog At the current low prices it’s a promising investment.

The article, “Dogecoin Drops After 400 Million Coins Move, Traders Predict Big Bounce Next,” reports on the massive whale movement. Dogecoinof DOGE/USD Prices have fallen, but one trader is predicting a big rebound after a large holder moved 400 million DOGE.

See below for a bullish outlook over the past week.

Exclusive: Tesla short sellers would have made money this year until shareholders approved Musk’s compensation package, experts say

SoFi trading revenue surges: analysts predict massive growth and rising valuation

Wedbush analyst Dan Ives says Nvidia and Jensen Huang are driving the tech boom: “Every dollar spent…”

Bears

“Tesla’s FSD training hits a deadlock as Elon Musk says driving smoothness is slowing rollout of new version,” reports Anan Ashraf. Tesla Inc. TSLA CEO Elon Musk The company announced that issues with driving smoothness will delay the rollout of Full Self-Driving (FSD) version 12, pushing back the rollout timeline despite significant progress being made.

“GameStop shares fell after Roaring Kitty revealed it owned a 6.6% stake in Chewy and faced a manipulation investigation,” says Pooja Rajkumari. GameStop Corporation global Stock prices fell. Keith Gill6.6% of investment Chewy Corporation Chiwi And then the manipulation allegations that followed.

“NVIDIA suffers rare downgrade on concerns that demand is normalizing ‘as expected,'” Rounak Jain noted. NVIDIA Corporation NVDA Despite its strong positions in AI and data centers, the company faced an unusual downgrade amid concerns about demand normalizing.

If you want some more bearish takes, be sure to check out these posts:

Fed Chairman Powell warns U.S. debt path is ‘unsustainable’, downplays risk of Trump’s attacks on central bank independence

Veteran Wall Street investor warns that AI has the characteristics of an expanding bubble.

Boeing faces big decision: accept plea deal or face trial for 737 MAX safety violations

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This content was produced in part with the help of AI tools and was reviewed and published by Benzinga editors.

Image created using artificial intelligence video Midjourney.

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