tradingideas
Palantir (NYSE: PLTR) stock price has jumped sharply this week after receiving a rating upgrade from Argus analysts. It soared by over 6% and reached its highest level since May 6th. It has jumped by more than 318% from the lowest point in 2023, giving it a market cap of over $52 billion. Analysts are pessimisticPalantir Technologies shares have jumped sharply in the past few months, helped by the rising defense spending and artificial intelligence (AI) investments. It has also started to gain more commercial clients who are interested in its AI solutions. The most recent results revealed that...
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IAG (LON: IAG) share price has crashed hard in the past few weeks as airline stocks have retreated. The stock tumbled to a low of 167.15p on Tuesday, down by over 10% from its highest point this year, meaning that it has moved into a correction. Airfares have droppedOther airline stocks have also pulled back despite the solid summer bookings. EasyJet shares have retreated to 450p, down from May’s high of 591p while Ryanair has moved into a deep bear market after falling by over 21% from the highest level this year. The same is happening with the likes of Delta Air Lines (DAL), United Airlines,...
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Bitfarms (NASDAQ: BITF) and Riot Platforms (NASDAQ: RIOT) stock prices have been in the spotlight in the past few weeks. BITF has surged by over 78% in the past 30 days, giving it a market cap of over $1.19 billion. RIOT has dropped by almost 8% in the same period. Riot Platforms wants BitfarmsBitfarms shares have jumped sharply after Riot Platforms made a bid for the Canadian company in April. It wanted to acquire it in a $950 million transaction, which Bitfarms has rejected saying that it undervalued the company. Since then, Riot has become one of Bitfarms biggest shareholders with a 14% sta...
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Jeff Bezos’ Amazon is one of the true-blue Silicon Valley Magnificent 7 stocks, a 30-year-old company dating all the way back to 1994. And just like all the other Magnificent 7 stocks, it’s had an interesting 2024 so far. So, what can we interpret about Amazon’s past and present movements that will show us where the stock will end up by 2030? Amazon prediction 2030: to reach over $450?With companies as big as Amazon, opinions differ widely as to where the stock price will end up. Coin Price Forecast, for instance, believes the Amazon stock price will rise to over $450 by this time in 2030. Coi...
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Wingstop (NASDAQ: WING) stock price is firing on all cylinders as investors compare it to Chipotle Mexican Grill. It has soared to a high of $417, up from the year-to-date low of $240 and by over 385% in the past five years. This surge has brought its total market cap to over $11.7 billion. Strong growth but valuation concerns remainChipotle Mexican Grill has become one of the best restaurant stocks in the US. In the past few years, it has moved from a small restaurant chain into a company valued at almost $80 billion. This growth happened as its annual revenue soared from over $5.6 billion in...
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Invesco QQQ ETF (QQQ) has become the biggest technology ETFs with over $286 billion in assets. It has done this well by tracking Nasdaq 100, the most popular tech-focused Nasdaq 100 index in the world. While QQQ is the most popular tech ETF, other alternatives from State Street and Blackrock have a better track record in terms of performance. The SPDR Technology Select Sector (XLK) and the iShares US Technology ETF (IYW), which have $71 billion and $18.8 billion in assets, are beating QQQ this year. Data shows that the QQQ ETF’s total return this year stood at 18.60% while the XLK and the IYW ...
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Rolls-Royce (LON: RR) share price has had a spectacular comeback in the past few years, a move that has made it one of the best-performing FTSE 100 index constituents. It has surged by over 1,250% from its lowest level in 2020. How Rolls Royce bounced backRolls-Royce Holdings, one of the biggest British industrial companies was in trouble before the Covid-19 pandemic started. Before that, its highly popular engine, Trent 1000, developed cracking issues, which cost it billions of dollars in repairs. The problems pushed it to a big £2.9 billion loss and its stock significantly downwards. The com...
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Broadcom (NASDAQ: AVGO) stock price has gone parabolic since the company published encouraging financial results last week. It soared to a high of $1,828 on Monday, pushing its market cap to over $807 billion. Strong growth but overvaluedBroadcom had a great first quarter as demand for its chips and software solutions continued rising. Its revenue surged by 43% to over $12.4 billion while its adjusted EBITDA jumped by 59% to $7.4 billion. The spectacular revenue growth was also because of its artificial intelligence (AI) business, which generated $3.1 billion in revenues. VMware, a company it ...
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Autodesk Inc (NASDAQ: ADSK) is up 5.0% on Monday after Starboard Value revealed a sizable stake in the graphic designing software maker. Details of Starboard’s stake in AutodeskThe activist hedge fund led by Jeff Smith announced a $500 million stake in ADSK today. Autodesk failed to “disclose material malfeasance in accounting and disclosure practices” before its 2024 annual meeting of shareholders in April. The timing did not sit well with Starboard as it disabled an investor from nominating its own candidates. The activist fund also sees potential for margin improvement and expects better in...
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Micron Technology Inc. (NASDAQ: MU) recently received a significant boost as Bank of America (BofA) raised its price target on the stock to $170 from $144, reflecting increasing confidence in the company’s prospects. This update comes amid the growing momentum of artificial intelligence (AI) applications transitioning from cloud computing to consumer devices such as PCs and smartphones. The firm also revised its price target on Arm Holdings (NASDAQ: ARM) due to similar reasons, indicating a broader optimism in the semiconductor sector driven by AI advancements. Other analysts’ views and rating...
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