Benzinga’s Bulls and Bears: Anticipation Builds Among Nvidia, Tesla, MicroStrategy, Plug Power, and Crypto Traders for Dogecoin to Surpass the 50-Cent Mark

Benzinga offered insights into several stocks favored by investors over the previous week. Take a glimpse at some of the standout articles.

The week witnessed the S&P 500 and Dow ending their winning streaks of six weeks. The S&P 500 fell nearly 1%, and the Dow dropped 2.7%. Contrarily, the Nasdaq continued its ascension with a 0.2% rise, marking its seventh straight weekly gain and hitting a record high, thanks to strong performances from large tech companies.

In light of the upcoming presidential election, investor caution prompted a largely unchanged week on Wall Street, amidst anxieties about fiscal policies and the threat of trade disruptions.

A spike in Treasury yields indicated the market’s anticipation of fiscal hurdles for the future administration, regardless of the election results. You can read more about it here.

Benzinga routinely publishes updates on investor-preferred stocks. Below are some of the most optimistic and pessimistic reports from the past week that merit a second look.

The Optimistic Views

Ananya Gairola explores how Nvidia Corp. has released Llama-3.1-Nemotron-70B-Instruct, an open-source AI that outperforms rivals, highlighting Nvidia’s move towards AI software supremacy using Meta Platforms Inc.‘s technology. Find out more about Nvidia’s AI breakthrough.

Khyathi Dalal reports bullish forecasts on Dogecoin potentially surpassing $0.50, driven by Bitcoin‘s key performance indicators. Here’s the analysis on Dogecoin’s surge.

Surbhi Jain covers a JPMorgan analyst’s advice for navigating election-tied market volatility, emphasizing Plug Power Inc. and EVgo Inc. for growth, and presenting Enovix Corp. as a safe bet due to its diverse market reach. Discover these clean tech investing strategies.

For more optimistic views from the last week, consider these articles:

• Palantir Stock Moves Higher On L3Harris Partnership: What You Need To Know
• US Economy Eyes 3.4% Growth In Q3: Is Soft Landing Turning Into Reacceleration?
• EXCLUSIVE: SoundHound AI Wants To ‘Voice-Enable The World’ For Effortless Conversations Between People, Products

The Pessimistic Views

Piero Cingari presents Goldman Sachs’ projection of meager returns on the S&P 500 over the coming decade, citing high market concentration as a limiting factor. Examine the details of this forecast.

Chris Katje delves into Lucid CEO’s skepticism about the near-term viability of self-driving tech, with predictions of its widespread use not before the 2030s. Read about the cautious stance on autonomous vehicles.

Aniket Verma addresses warnings from Peter Schiff regarding the inflated value of MicroStrategy, Inc., anticipating a sharp decline correlated to its Bitcoin strategy. Check out Schiff’s perspective on MicroStrategy.

Additional bearish insights include:

• Five US Banks Face Billions In Losses As Silver’s Price Spike Hits Short Sellers Hard: Report
• Ozempic And Wegovy Maker Novo Nordisk Asks FDA To Halt Production Of Compounded Fat Loss Drugs Due To Their ‘Inherent Complexity
• Rivian Analyst Cuts Estimates On Demand Concerns, Warns Softer Production, Delivery Trends Jeopardize Growth Stock Multiple

Stay informed on all the latest news and trading ideas by following Benzinga on Twitter.

Image created using artificial intelligence via Midjourney.