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Cryptocurrencies

“These are the boldest bitcoin predictions for 2024 — one calls for a 1,000% rally to $500,000”

“Bitcoin had a huge rally in 2023, with the digital currency up some 152% for the year… With fervor returning to the crypto markets, industry executives are calling the start of a new bull run, mainly predicated on two things — the… Continue Reading…

Stocks

“Cloudflare Is On A Mission As AI Frenzy Sparks A 40% Rally For NET Stock”

“Cloudflare (NET) is enthralling investors with its prospects for generative artificial intelligence, driving a rally of nearly 40% since it reported third-quarter results last month. The AI frenzy represents a major rebound for NET stock, which saw a huge sell-off in… Continue Reading…

Business

“Up Over 90% This Year, Will UiPath Stock Continue Rallying in 2024?”

“…UiPath is an unprofitable company; it incurred losses totaling $363.8 million over the trailing 12 months. But it is posting strong revenue growth, and with gross profit margins in excess of 80%, there’s hope that as sales rise, the bottom… Continue Reading…

Stocks

“Carvana Stock Jumps on an Upgrade. Wall Street Still Isn’t Sure About Its 700% Rally.”

“CarvanaCVNA11.58% stock has skyrocketed from roughly $4 to $40 this year—and it’s up another 11% on Monday thanks to an upgrade…” https://www.barrons.com/articles/carvana-stock-price-sell-upgrade-429516f3?siteid=yhoof2 It’s to late to jump on board now. At least I wouldn’t do it. Most of the time when… Continue Reading…

Stocks

“Nvidia Insiders Unload Shares After 220% AI Rally”

“…Nvidia Corp. executives and directors last month sold or filed paperwork showing they intend to sell roughly 370,000 shares worth about $180 million, according to data compiled by the Washington Service. If all of the shares were sold, it would… Continue Reading…

Stocks

“Stocks gain after more encouraging inflation data as rally continues”

“…The S&P 500 climbed 1.9%, while the Nasdaq Composite popped about 2.4% higher. It was the best day since April for both indexes. The 30-stock Dow added nearly 490 points, or 1.4%. These gains came after October’s consumer price index, a key inflation metric, came in lower… Continue Reading…

Stocks

[Breaking Point?] “A $10 Trillion Stock Market Rally Faces Crucial Test in Earnings”

“A near-$10 trillion rally for global stocks this year will face a make-or-break moment as hundreds of companies report earnings over the next few weeks. S&P 500 firms are expected to post a 9% drop in profits in the second… Continue Reading…

Economy, Stocks

“Beware this stock market rally because it’s reminiscent of what led up to the 2008 crisis, JPMorgan Asset Management CIO says”

“…Investors should be wary of the ongoing stocks rally because it doesn’t reflect looming economic risks, and is reminiscent of the months that led up to the 2008 financial crisis, according to JPMorgan Asset Management’s chief investment officer. Bob Michele told… Continue Reading…

Stocks

“Current stock market rally ‘likely to mark the high point’ for 2023: JPMorgan”

“…The strong rally across the major indices so far this year has surprised many market watchers, especially given that the Federal Reserve is hot off another interest rate hike as it continues to try and combat nagging inflation. Several Fed… Continue Reading…

Cryptocurrencies

“The boldest bitcoin calls for 2023 are out — and a 1,400% rally or a 70% plunge may be on the cards”

“2022 was a rough year for crypto. More than $1.3 trillion was wiped off the value of the market. And bitcoin, the world’s largest digital coin, saw its price slump more than 60%. Investors were caught off guard by a… Continue Reading…