Tech
Nvidia, GameStop, Ethereum, and a Crypto Analyst Predict Dogecoin Will Reach 22 Cents in a Few Days
May 25, 2024 09:24 am | 3 minute read
Benzinga looked at the prospects of The favorite stocks of many investors over the past week – here’s a look at some of our top stories.
Technology stocks in the Nasdaq 100, followed by the Invesco QQQ Fund (NASDAQ:QQQ), rose this week, pushing the index to new all-time highs and a fifth straight week of gains, its longest streak since January.
For the week, the S&P 500 saw a slight increase of just 0.03%. The tech-heavy Nasdaq outpaced the others with a 1.41% gain. In contrast, the Dow Jones fell 2.33%, recording its first negative week in the last five.
Risk appetite has declined in non-tech sectors, as signaled by hawkish Federal Reserve meeting minutes and S&P Global corporate surveys renewed inflationary concernsfueling fears of a prolonged rise in interest rates.
Benzinga provides daily reports on the stocks that are popular with investors. Here are some of the most bullish and bearish posts from the past week that are worth another look.
The bulls
“’Nvidia’s party is turning into a frenzy,’ analyst says after Chipmaker’s first-quarter success sent shares soaring above $1,000 in after-hours trading,” Of Shanthi Rexalinareports on Nvidia Corp. (NASDAQ:NVDA) which surpassed $1,000 per share following strong quarterly results and guidance, with analyst Gene Munster predicting a prolonged tech bull market.
“Top Trader’s Ethereum Price Prediction Targets All-Time Highs in 2025,” Of Murtuza Merchantreports a cryptocurrency trader’s bullish prediction Ether (CRYPTO: ET) potentially reaching $9,500 in the short term and $12,000-16,000 in the long term, following the approval of a spot ETF on Ethereum.
“Dogecoin Reversal Is Imminent, Says This Analyst – Expects Rise of Over 30%”Of Aniket Vermahighlights one analyst’s forecast of a 32% increase. Dogemoneta (CRYPTO: DOGE) due to an inverse head and shoulders pattern, suggesting a potential price of $0.22 in the coming days.
For more bullish calls from the past week, check out the following:
Bears
“Are Roaring Kitty’s phones at home? GameStop influencer goes silent after ‘ET’ footage signals potential farewell,’ Of Chris Katjeexplain how Keith Gill‘s potential exit from social media after posting a clip from the movie “ET” could dampen ‘s rally GameStop Corporation (NYSE:GME), which have seen significant volatility following its recent activity.
“US Targets Ticketmaster Company in Antitrust Lawsuit, Live Nation Responds: ‘Ignore Everything That’s Actually Responsible'” Of Adam Eckertdetails how the Department of Justice filed an antitrust lawsuit against Live Nation Entertainment Inc (NYSE:LYV), as the company claims the lawsuit unfairly blames them for high ticket prices while ignoring other contributing factors.
“Boeing Shares Slump as CFO Predicts Negative Cash Flow, Delivery Delays Amid Regulatory Scrutiny,” Of Vaishali PrayagCFO reports Brian Westit is the announcement that Boeing Company (NYSE:BA) expects negative cash flow for 2024 due to manufacturing challenges and regulatory delays in China.
For more bearish information, be sure to see these posts:
Tesla layoffs to continue through June, low morale among workers
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This content was partially produced with the help of artificial intelligence tools and was reviewed and published by Benzinga editors.
Image generated using artificial intelligence via Midjourney.
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