From Nasdaq: 2024-05-31 07:38:00

Zacks Equity Research highlights Coinbase Global COIN as the Bull of the Day due to its strong fundamental picture and potential with new bullish catalysts. The approval of spot Bitcoin ETFs has greatly benefited Coinbase, with potential for similar success with Ethereum ETF approvals on the horizon. This, coupled with a recent technical breakout, makes Coinbase an attractive stock option.

On the other hand, Li Auto Inc LI has been named the Bear of the Day with a Zacks Rank #5 (Strong Sell). The company, once considered the “Chinese Tesla,” has faced challenges with its expensive models and underwhelming delivery expectations. Recent hikes in tariffs on Chinese EV imports by the Biden administration have further dampened prospects for Li Auto’s international expansion.

In light of the upcoming UK General Election on July 4, analysts suggest a potentially positive stock market reaction if the Labour Party wins. Historical trends show that UK stocks tend to perform better following Labour victories compared to Conservative wins. The iShares MSCI United Kingdom Small-Cap ETF has already seen gains, likely boosted by election activities and improving economic conditions.

Read more at CNBC: Coinbase Global and Li Auto have been highlighted as Zacks Bull and Bear of the Day