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Bitcoin has tumbled rather sharply in recent weeks, currently trading at around $64,000. Still, analysts at Bernstein remain super bullish on where the world’s largest cryptocurrency by market cap is headed over the next 18 months. Bitcoin could 3x by the end of 2025The investment firm now expects Bitcoin to hit $200,000 by the end of 2025. That suggests about a 3x gain from here. Bernstein analysts are super convinced that the ETFs related benefit is only in its early innings and will, therefore, remain a material tailwind for BTC moving forward. In fact, they even expect Bitcoin to hit $1.0 ...
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The AI driven massive surge in Nvidia Corp has pushed it market cap well above the $3.0 trillion mark. Meanwhile, these three stocks look ripe to hit their first trillion in valuation. Let’s dive deeper and see what each of these have in store for investors. Broadcom Inc (NASDAQ: AVGO)Much like Nvidia, Broadcom is a notable beneficiary of rapid growth in artificial intelligence. The chipmaker is already up some 70% this year. Still, its management continues to see strength in the coming months. Last week, AVGO guided for $51 billion in revenue for its current financial quarter – handily above ...
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Carmax Inc (NYSE: KMX) is being crushed by the likes of AutoNation Inc and Carvana Co, says Landon Swan – the cofounder of LikeFolio. Shares of the used vehicle retailer have lost about 20% over the past three months. Swan shares his view on Carmax stockCarmax reported $7.11 billion in revenue for its first financial quarter on Friday that missed Street estimates by some $50 million. At 97 cents a share, the New York listed firm took a material year-on-year hit to its quarterly EPS as well. Speaking with the Schwab Network, Landon Swan said today: We’re looking at lower lease volumes, which us...
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American Express Company (NYSE: AXP) is in focus this morning after announcing two new acquisitions. Shares of the credit card company have gained more than 25% since their year-to-date low in mid-January. American Express to acquire TockAMEX is buying Tock – a Chicago-based provider of reservation, table, and event management technology for about $400 million. The financial technology company is taking over Tock from Squarespace that acquired it in 2021. Matthew Tucker – the head of Tock said in a press release today: We believe that as part of American Express, Tock will deliver enhanced val...
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Sarepta Therapeutics Inc (NASDAQ: SRPT) rallied a whopping 40% in extended hours today following a key announcement from the U.S. Food and Drug Administration regarding Elevidys. Elevidys is the company’s treatment for Duchenne muscular dystrophy. Why is it significant for Sarepta Therapeutics stock?The FDA granted accelerated approval for a label expansion of “delandistrogene moxeparvovec” to include non-ambulatory patients on Thursday. The decision is significant for individuals with DMD who have lost the ability to walk. Jerry Mendell – the co-inventor of Elevidys said in a press release%2C...
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Penn Entertainment Inc (NASDAQ: PENN) is up nearly 10% on Thursday following a report that Boyd Gaming Corporation (NYSE: BYD) is interested in buying the sports content and gambling company. Penn stock is still down some 20% versus the start of 2024. Boyd has approached Penn EntertainmentAnonymous sources told Reuters this morning that Boyd has already approached Penn Entertainment over a possible takeover. It is, however, uncertain whether the entertainment firm will initiate formal discussions with Boyd Gaming. Note that Penn will need approval from Disney as well to move forward with such ...
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Bitcoin has not been particularly exciting for investors in recent weeks but experts continue to expect a regain in its momentum moving forward. Robert Kiyosaki expects Bitcoin to 5xAmong the bullish professionals is Robert Kiyosaki – the world renowned author of Rich Dad, Poor Dad. Kiyosaki still sees the world’s largest cryptocurrency by market cap as the fastest way to become a millionaire. In fact, he expects BTC to hit $350,000 by the end of 2024 that translates to about a 5x growth over the next six months. Once Bitcoin resumes its rally, the rest of the crypto market will likely gain st...
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Kroger Co (NYSE: KR) is trading up in premarket on Thursday after coming in ahead of Street estimates for its first financial quarter. Shares of the retail firm are still down some 10% versus their year-to-date high. Kroger offers positive outlookKroger stock is gaining this morning because the management issued good enough guidance for the future as well. KR now forecasts its adjusted per-share earnings to fall between $4.30 and $4.50. Experts had forecast $4.43 a share instead. Rodney McMullen – the chief executive of Kroger Inc said in a press release today: Kroger is off to a solid start i...
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The US dollar has seemed nigh on invincible for the better part of 2024 so far, with most currencies losing ground to the USD overall in the past six months. But will the trend continue? Today, a wealth of data is coming out of the United States, which may prove very instrumental in determining the movement of the US dollar – and also the likelihood of rate cuts still in 2024 – later. While these are less splashy and high-profile than releases such as Nonfarm Payrolls and interest rate decisions, many of them can provide crucial clues as to the state of the US economy (such as housing market h...
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Tech stocks are primarily known for their upside potential. But wouldn’t they be all the more exciting if they came up with a lucrative dividend yield as well? If you agree, read on and explore our list of top 3 dividend stocks in tech with potential to significantly outperform. Juniper Networks Inc (NYSE: JNPR)Juniper Networks has gained some 20% since the start of this year but it may still be undervalued considering Wall Street sees upside in it to over $40 on average. That signals potential for another 15% gain. Plus, JNPR currently pays a dividend yield of 2.48% as well. Juniper Networks ...
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