Last week, investors witnessed notable movements in the stock market. The Nasdaq experienced a 1.74% surge, while the S&P 500 reached a record high with a 0.95% climb. Conversely, the Dow Jones Industrial Average saw a slight 0.11% dip, marking it as the week’s laggard.
Thursday brought news of an uptick in prices, as the core personal consumption expenditures (PCE) price index for January rose by 0.4%. This incremental rise in prices aligns with the market’s expectations.
In the realm of cryptocurrencies, Bitcoin surged past $60,000 this week, hinting at a potential thaw in the prolonged crypto winter as the impending Bitcoin halving on April 21 looms.
Here’s a recap of some of the bullish and bearish stock stories making noise:
The Bulls Sound Off
In “Not Nvidia Or Meta: Hedge Fund Titan Bill Ackman Sees Lucrative Opportunity In This ‘Magnificent 7’ Stock,” Bill Ackman expresses fervor for Alphabet Inc. for its AI prowess and resilient advertising unit, deeming it a rewarding investment.
According to “Dogecoin, Shiba Inu Ready To ‘Go Crazy This Cycle’, Says Crypto Analyst, But Warns They ‘Will Never Experience The Same Insane Growth’,” Altcoin Sherpa predicts significant upswings for Dogecoin and Shiba Inu, although cautioning against expecting past meteoric price hikes.
“This Upcoming Catalyst Could Ignite Bitcoin Rally To $200K Per Coin,” emboldens the view that the forthcoming Bitcoin halving could propel the cryptocurrency’s valuation beyond $200,000.
For more bullish insights, consider the following:
Max Keiser likens buying Bitcoin to snagging Berkshire Hathaway shares at $1500 – a tantalizing proposition for crypto enthusiasts.
‘Nvidia Is Cheaper Than It Was 26 Months Ago’ – a stark contrast to the dot-com bubble era opinions, lending credence to the idea that tech giants remain resilient.
Ross Gerber heralds Rivian as a noteworthy rival to Tesla, signifying a company poised for closer observation.
At the other end of the spectrum, The Bears Roar
“Apple Sinks After Wall Street Titan Pulls Magnificent 7 Stock From Conviction List,” narrates Goldman Sachs’ decision to retract Apple Inc. from its Conviction List despite maintaining a positive outlook, following the release of the iPhone 15 and Vision Pro.
Amidst “DeSantis Vs. Disney,” Florida Governor Ron DeSantis criticizes Walt Disney Co. for alleged cronyism, leading to a legal victory over the company in a First Amendment lawsuit.
Questioning the hype, “Carvana Stock Trades Like ‘An AI Darling,’ Short Seller Says: But ‘Paint Will Eventually Peel Off’,” highlights Kerrisdale Capital’s skepticism on Carvana Co., questioning its valuation and growth sustainability.
Delve into more bearish perspectives with:
Ray Dalio’s cautionary note on stock market frothiness, particularly in relation to the ‘Bit Frothy’ nature of some prominent stocks.
The tech stock exodus post-Nvidia earnings, reflecting concerns about the durability of the sector’s momentum.
The juxtaposition of Netflix’s gains and cinema losses, as AMC shares slump despite boosts from music sensations Taylor Swift and Beyoncé.
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