Crypto Trader Predicts Shiba Inu Could Quadruple in Value, Alongside Tesla, GameStop, and Tilray Movements

A review of popular stocks over the past week was conducted by Benzinga, highlighting key articles worth your attention.

The Dow Jones Industrial Average set a record by ending above the crucial 40,000 threshold for the first time on Friday, building on momentum from the previous session.

The stock market concluded the week triumphantly with the Dow climbing 1.2%, marking its fifth successive week of gains. The S&P 500 and Nasdaq each saw upticks of 1.5% and 2.1% for the week, maintaining the longest winning run since February.

The Consumer Price Index (CPI) reported a year-over-year increase of 3.4% in April, a marginal dip from the 3.5% rise observed in March, meeting analytic predictions.

JPMorgan Chase & Co.’s CEO, Jamie Dimon, voiced concerns over the national deficit, which reached $1.9 trillion in 2024, accounting for more than 6% of the GDP.

Stay informed on investor-favored stocks with Benzinga’s daily coverage. Here are several key articles from the past week that offer bullish and bearish insights.

The Bulls

Shanthi Rexaline presents an article titled “Tesla’s Genius Move Or Price Cut In Disguise? Analysts Dissect EV Giant’s $0.99 Model Y,” discussing differing views on Tesla Inc.’s (NASDAQ:TSLA) strategy around offering a lease option for the Model Y at $0.99.

Khyathi Dalal covers the rise of Shiba Inu (CRYPTO: SHIB) in the article titled “Dogecoin Killer Shiba Inu Pushes Mainstream Adoption And Is On The Verge Of 4x Breakout,” analyzing its adoption and potential market surge.

Maureen Meehan reports on significant political movements in “Biden Announces Monumental Marijuana Rescheduling, DOJ To Take Next Steps,” addressing President Joe Biden‘s steps towards marijuana rescheduling, which could impact businesses like Canopy Growth Corp. (NASDAQ:CGC) and Tilray Inc. (NASDAQ:TLRY).

Explore more bullish articles from the past week:

The Bears

Chris Katje’s exclusive article “EXCLUSIVE: Citron Research’s Andrew Left Is Short GameStop Again” delves into Andrew Left’s renewed short position on GameStop Corp. (NYSE:GME) and his rationale behind it.

Aniket Verma highlights decreasing optimism for an Ethereum spot ETF in “Ethereum Spot ETF Approval Odds Decrease For Later This Month As Analyst Points Out SEC Concerns.”

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The content here was partially created using AI tools and then reviewed and published by Benzinga’s editorial team.

AI-generated image courtesy of Midjourney.