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Tesla, Broadcom, UnitedHealth, Bitcoin and Dogecoin Bulls Had to ‘Sell’ After Plunge: Bulls and Bears at Benzinga

Benzinga has been examining the outlook for many investors’ favorite stocks over the last week – here’s a look at some of our top stories.

Major averages rose on Friday but still posted weekly losses: The Dow lost 2.3%, the S&P 500 lost 2% and the Nasdaq lost 1.8%.

The Federal Reserve’s widely expected 25 basis point interest rate cut on Wednesday was overshadowed by its revised inflation forecasts for 2025 Jerome PowellThe cautious stance dampens hopes of deeper cuts next year. Powell emphasized a “new phase” of monetary policy after a 100 basis point reduction in 2024 and announced only gradual easing in 2025.

Bitcoin BTC/USDwhich had hit a record $108,388 before the Fed meeting, fell below $100,000 as markets absorbed the news.

Benzinga delivers daily reports on the stocks most popular with investors. Here are some of the most bullish and bearish posts from last week that are worth another look.

The cops

“Elon Musk hopes TSLA stock will hit $690 as analysts raise price target despite technical indicators flashing warning signs,” Anan Ashraf reports Elon Musk Optimism regarding Tesla Inc. TSLA The price reached $690 as analysts upgraded the stock with a $515 price target, citing potential benefits from Musk’s direction Donald Trump’s Autonomous vehicle guidelines.

“Dave Portnoy Says He Owns $1.5 Million Worth of Bitcoin and $1.3 Million Worth of XRP: ‘Bet It And Set It, Not Trading,’” by Chris Katje, reveals this Dave PortnoyFounder of Bar stool sportsholds $1.5 million and $1.3 million worth of Bitcoin XRP XRP/USDwith an emphasis on a long-term investment strategy rather than active trading, based on insights from a recent conversation with Michael Saylor.

“Nvidia and 5 Other Stocks Are Analysts’ Top Semiconductor Picks for 2025, Sees 2 AI Trends,” by Hayden Buckfire, highlights the mention of a Bank of America analyst NVIDIA Corp. NVDA, Broadcom Inc. AVGOAnd Marvell Technology Inc. MRVL as a top AI-driven semiconductor pick for 2025 Lam Research Corp. LRCX, ON Semiconductor Corp. TOAnd Cadence Design Systems Inc. CDNS.

For more bullish calls from last week, see:

Microsoft acquires 485,000 Nvidia AI chips, twice as many as its closest competitor Meta: report

Amazon has 20,000 Rivian electric delivery trucks in its fleet: This could happen next for both companies

Joby passes the FAA tail test, the stock rises

The bears

“Jim Cramer warns that Nvidia’s ‘vicious’ and ‘swift’ blowback is coming amid a 174% surge this year and an antitrust investigation in China,” by Kaustubh Bagalkote, Features Jim CramerCaution is advised NVIDIA Corp. NVDA is facing a sharp correction after rising 174% year-to-date as China intensifies scrutiny of its acquisition of Mellanox Technologies.

“Dogecoin bull says he had to sell as Meme King plunged to 5-week low, but derivatives traders remain bullish,” Aniket Verma reports on Dogecoin DOGE/USD Decline due to Federal Reserve and early adopter concerns Glauber Contessoto Sale of some investments.

“CVS, Cigna, UnitedHealth Shares Slide As Trump Targets Drug ‘Middleman’” by Adam Eckert reports that shares of CVS Health Corp. CVS, Cigna Group CIAnd UnitedHealth Group Inc. UNH fell after Trump vowed to eliminate pharmacy benefit managers, citing their role in driving up drug prices and contributing to inefficiencies in the industry.

For more pessimistic views, see these posts:

Trump administration could ban Amazon’s best-selling routers linked to Chinese cyberattacks: report

Bitcoin Crash Could Trigger Stock Market Drop in 2025, Expert Warns: ‘I’m Really Worried About People Getting Overextended’

Costco Warns Tariffs Will Raise Prices, Trump Team Says Trade Policy Will ‘Make Life Affordable’

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This content was created in part using AI tools, and was reviewed and published by Benzinga editors.

© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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