By Kevin Buckland TOKYO (Reuters) – The U.S. dollar hovered near an almost 38-year high to the yen on Tuesday following a surge in Treasury yields as investors contemplated the potential for a second Donald Trump presidency. The euro remained firm as rival French political parties joined forces to try and prevent the far-right National […]
Share prices of Rivian (NASDAQ: RIVN) surged higher after the maker of electric vehicles (EV) received a sizeable investment from German automaker Volkswagen (OTC: VWAGY). Despite the recent price gains, the stock is still down nearly 43% in 2024. Let’s look at the importance of this investment, how it could help Rivian, and if it […]
The artificial intelligence (AI) revolution is in full swing, and according to one Wall Street analyst, things don’t appear to be slowing down any time soon for one extremely well-positioned company. While most investors are gravitating toward chip leader Nvidia (NASDAQ: NVDA) at the moment, AI is and will continue to mint other market winners […]
Rivian (RIVN) shares are surging in extended hours after the adventure EV-maker announced a joint venture deal with Volkswagen (VWAGY), crucially bringing in fresh capital into Rivian’s coffers. Irving, Ca.-based Rivian’s shares were up over 40% in after hours trading. Volkswagen announced it intends to deal with Rivian to create “next generation software-defined vehicle (SDV) […]
The S&P 500 (SNPINDEX: ^GSPC) tumbled as much as 25% in 2022 as runaway inflation and rising interest rates weighed on the stock market. Against that backdrop, Tom Lee of Fundstrat Global Advisors turned heads when he predicted the index would rally 24% in 2023 despite the growing risk of recession. Lo and behold, his […]
There are few people who can claim to be bigger fans of Bitcoin (CRYPTO: BTC) than Michael Saylor. The CEO of MicroStrategy (NASDAQ: MSTR) has become what could only be described as a Bitcoin evangelist. Over the last four years his company has embarked on a strategy of replacing all its cash on hand with […]
The Russell 2000 is a barometer for small-cap stocks. It is a subset of the broader Russell 3000, which represents the entire U.S. stock market. Specifically, the Russell 2000 measures the performance of the 2,000 smallest stocks in the Russell 3000, which collectively account for 7% of U.S. equities by market capitalization. Tom Lee, managing […]
Bitcoin (CRYPTO: BTC) returned 150% over the past year, easily outpacing the U.S. stock market. But Bernstein analysts Gautam Chhugani and Mahika Sapra expect the cryptocurrency to move much higher in the next decade. Their price targets are listed below, along with the implied upside based on Bitcoin’s current price of $66,000. 2025: $200,000 (202% […]
Palantir (NYSE: PLTR) has been around as an artificial intelligence (AI) software company for a while. It started back in 2003 as a platform to help government intelligence agencies process data better. More recently, Palantir has expanded outside its core market into the public sector. Palantir’s years of experience with AI, coupled with an impressive […]
In September 2020, Cathie Wood’s Ark Invest estimated that fintech company Block (NYSE: SQ) would reach $375 per share by 2025. That implied 150% upside at the time, but Block stock has since declined by more than 50%. The target now implies 505% upside from the current price of $62 per share. That drawdown notwithstanding, […]
When it comes to investing in cryptocurrencies, the conventional wisdom is that they are highly risky, highly speculative investments. Popular cryptocurrencies such as Bitcoin (CRYPTO: BTC) achieve stratospheric valuations primarily due to investor perceptions of their enormous future growth potential. That means they can best be compared to growth stocks, not value stocks. But what […]
The Dow Jones Industrial Average dropped 225 points Friday as Wall Street awaited inflation survey data and consumer confidence numbers. Artificial intelligence leader Adobe (ADBE) bucked the tide, however, as its shares soared on the stock market today after the company’s earnings results. X After the opening bell, the Dow Jones industrials dropped 0.6%, or […]