Benzinga Bulls And Bears: Nvidia, Rivian, Plug Power, Palantir — And Dogecoin’s ‘Beautiful Bounce’
By Benzinga
Benzinga examined the prospects for many investors’ favorite stocks over the last week — here’s a look at some of our top stories.
Equities soared this week, powered by a major rally on Wednesday following Donald Trump‘s election win. The S&P 500 gained 4.66%, with the Dow rising 4.61%—both achieving their best weeks since November 2023—while the Nasdaq outpaced them with a 5.74% increase.
Tesla Inc. (NASDAQ:TSLA) surged 30%, boosting Elon Musk‘s wealth, and smaller stocks outshined large caps, driven by potential trade advantages for U.S.-focused businesses.
A rate cut from the Federal Reserve to a 4.5%-4.75% range on Thursday encouraged further risk-taking, sending the Magnificent Seven’s combined market cap to a new $17 trillion peak.
Benzinga provides daily reports on the stocks most popular with investors. Here are a few of this past week’s most bullish and bearish posts that are worth another look.
The Bulls
“Nvidia Joining Dow Jones Industrial Average: Where Tech Giant Ranks In The Index, Why Sherwin-Williams Addition Could Be More Important,” by Chris Katje, covers NVIDIA Corp. (NASDAQ:NVDA) joining the Dow Jones and replacing Intel Corp. (NASDAQ:INTC), with analysts noting Sherwin-Williams Co. (NYSE:SHW) may have a broader impact on the index’s sector diversity.
“Dogecoin Up 79% In A Month, Nears $0.20 With ‘Beautiful Bounce From Key Levels,’ Analysts Say,” by Khyathi Dalal, reports that Dogecoin (CRYPTO: DOGE) has surged 79% over the past month, breaking above $0.20 as analysts predict further gains. Ali Martinez highlights a descending triangle pattern, suggesting a potential climb to $0.22, while a crypto trader forecasts a “beautiful bounce” if DOGE breaks the $0.198 resistance level.
“‘Messi Of AI’: Wall Street Analyst Gushes Over ‘Robust’ Earnings From Palantir,” by Adam Eckert, highlights Wedbush analyst Dan Ives’ praise for Palantir Technologies Inc. (NYSE:PLTR) after its strong Q3 earnings. Ives, who calls Palantir the “Messi of AI,” noted 30% revenue growth, a 39% rise in customer count, and robust government and commercial deal momentum.
For additional bullish calls of the past week, check out the following:
Bitcoin’s Future Under President-Elect Donald Trump: A Look At His Crypto Policies
The Bears
“Rivian, Lucid Stocks Sink After Trump Win: What’s Driving Bearish Move?,” by Erica Kollmann, examines the post-election drop in Rivian Automotive, Inc. (NASDAQ:RIVN) and Lucid Group, Inc. (NASDAQ:LCID) shares, attributed to investor concerns over Trump’s plans to eliminate EV incentives and modify EPA emissions standards.
“Plug Power’s $20 Billion Revenue Ambition Faces Obstacles, Analyst Says,” by Surbhi Jain, discusses Plug Power Inc. (NASDAQ:PLUG)’s ambitious goal of reaching $20 billion in revenue by 2030, as a JPMorgan analyst highlights significant challenges ahead, citing weak hydrogen market conditions, and the need to drive rapid sales growth.
“US-Listed Chinese Stocks Like Alibaba, JD, Nio Fall After Trump’s Win – What’s Going On?,” by Anusuya Lahiri, reports that Alibaba Group Holding (NYSE:BABA), JD.com, Inc. (NASDAQ:JD), and NIO Inc. (NYSE:NIO) stocks fell after Trump’s election victory sparked fears of renewed U.S.-China trade tensions, with potential tariffs prompting China to consider economic stimulus measures.
For more bearish takes, be sure to see these posts:
Super Micro Delisting Risk Puts $1.7 Billion Bond Repayment On The Line
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