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Nvidia, Tesla, CrowdStrike, Meta And Crypto Trader Sees Dogecoin Pattern Leading To All-Time High

July 20, 2024
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Nvidia, Tesla, CrowdStrike, Meta And Crypto Trader Sees Dogecoin Pattern Leading To All-Time High


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Will MoonTaurus (MNTR) Overtake Avalanche (AVAX) and Dogecoin (DOGE) in 2024? Leading Analyst Believes It Could – TechBullion

Top Crypto Presale to Invest In – MoonBag Elevates Portfolios with 88% APY Amid DogLibre and Dogecoin’s Bold Promises – Blockchain Reporter

This Analyst Claims Dogecoin (DOGE) and Shiba Inu (SHIB) Are Struggling as Traders Turn to Competitors – Blockonomi

Benzinga examined the prospects for many investors’ favorite stocks during the last week — right here’s a have a look at a few of our prime tales.

The S&P 500 and Nasdaq skilled their largest weekly declines since April, falling by 1.97% and three.65%, respectively, with the Nasdaq breaking a six-week profitable streak. Conversely, the Dow rose by 0.72% and the Russell 2000, centered on small-cap shares, elevated by 1.68%.

Federal Reserve Chair Jerome Powell highlighted that current inflation knowledge has elevated confidence in attaining the two% goal, prompting buyers to wager on a price minimize in September, as indicated by CME Group’s FedWatch device.

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Moreover, unemployment claims surged to 243,000 with persevering with claims reaching 1.867 million, the very best since November 2021, suggesting a cooling labor market and boosting hopes for rate cuts.

Benzinga gives day by day studies on the shares hottest with buyers. Listed here are a couple of of this previous week’s most bullish and bearish posts which might be value one other look.

The Bulls

“AI Infrastructure CEO Says Customers Are Showing ‘Relentless’ Demand For Nvidia Chips And Nvidia Chips Only: ‘They Do Not Want The Other Stuff,’” by Adam Eckert, particulars CoreWeave CEO Mike Intrator‘s assertion that demand for Nvidia Corp. NVDA AI chips is overwhelmingly robust, as shoppers completely want Nvidia over different choices.

“Dogecoin Could Reach A New All-Time High ‘By The End Of August’…If This Historical Pattern Holds,” by Khyathi Dalal, studies that Dogecoin DOGE/USD might hit a brand new all-time excessive by the tip of August if it follows historic patterns, with knowledge exhibiting vital will increase in massive transactions and alternate netflows.

“Prominent Crypto Analyst Says Ethereum ‘Will Reach A New All-time High Faster Than The Rest,’” by Aniket Verma, studies that cryptocurrency analyst Michaël van de Poppe predicts Ethereum ETH/USD will obtain a brand new all-time excessive earlier than different cryptocurrencies on account of its basically robust ecosystem and low valuation.

For added bullish calls of the previous week, try the next:

Small Cap Stocks Are Having A Moment: Russell 2000 Notches Best 5-Day Rally In Over 4 Years

Why BlackRock’s Larry Fink Believes ‘Everyone’ Should Take Another Look At Bitcoin

SoFi Technologies Shares Surge Amid Optimism On Fed Policy And Trump-Related Political Developments

The Bears

“Trump-Vance Administration Will Be ‘Terrible’ For Tesla, Says Bear: Elon Musk ‘Has Completely Alienated Most Of His Buying Base,’” by Shanthi Rexaline, highlights Tesla bear Mark Spiegel‘s issues {that a} Trump-Vance administration would hurt Tesla Inc. TSLA by eliminating EV mandates and alienating the corporate’s predominantly Democratic buyer base.

“Microsoft-CrowdStrike Issue Caused ‘Largest IT Outage In History,’ Showing How Much We Depend On A Handful Of Companies,” by Rounak Jain, studies {that a} software program replace from CrowdStrike Holdings Inc. CRWD brought on an enormous IT outage impacting Microsoft Corp. MSFT methods globally, highlighting the world’s dependence on a couple of main tech corporations for essential infrastructure.

“Trump ‘For TikTok,’ Competition To Mark Zuckerberg: ‘If You Don’t Have TikTok, You Have Facebook And Instagram,’” by Chris Katje, studies that former President Donald Trump now helps TikTok, viewing it as essential competitors to Meta Platforms Inc. META and criticizing CEO Mark Zuckerberg for the social media big’s affect and his private ban from Fb and Instagram.

For extra bearish takes, remember to see these posts:

Goldman Sachs Turns Bearish On Chipmakers, Advises To Hedge Through Put Options: China Remains ‘A Major Risk For The Sector’

SunPower Shares Plummet Amid Operational Pauses, Analyst Downgrade

Short Idea Alert: Beyond Meat, Shake Shack, Plus One Semiconductor Stock Analysts Have On Their Lists Right Now

Sustain with all the newest breaking information and buying and selling concepts by following Benzinga on Twitter.

This content material was partially produced with the assistance of AI instruments and was reviewed and revealed by Benzinga editors.

Picture created utilizing synthetic intelligence through Midjourney.





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