Benzinga Bulls And Bears: Tesla And Uber Team Up; PayPal’s ‘Transition Year’; Analyst Predicts Dogecoin Will Soar To $5
From Nasdaq:
The stock market saw bullish activity last week, with all three major indexes finishing higher. The S&P 500 Index reached unprecedented all-time highs, while the Nasdaq 100 marked its 11th week of gains, setting new historic highs. Major technology stocks led the recovery, driven by breakthroughs in artificial intelligence and strong consumer demand.
Uber and Tesla are collaborating to boost electric vehicle adoption, emphasizing their unwavering commitment to electrification. A crypto analyst forecasts that Dogecoin could potentially soar to $5, a 6000% increase, due to a recent spike in Dogecoin transactions and market indicators. Amazon has acquired a minority stake in Diamond Sports Group, expanding its media rights in sports to include streaming MLB, NBA, and NHL games on Prime Video.
Mixed predictions surround the impact of the upcoming Bitcoin halving event in April 2024 on the cryptocurrency’s prices. Plug Power is nearing a four-year low following plans for a $1 billion equity offering, with skepticism from analysts about its potential to attract investors. PayPal Holdings Inc. is expected to face a “transition year” in 2024, with stock remaining range-bound due to valuation concerns, according to a BofA analyst. Alibaba and Tencent lead massive investment cutbacks among Chinese tech giants, and Bitcoin slips below $41,000 after Jim Cramer’s tweet about it not yet reaching the bottom.
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Read more: Benzinga Bulls And Bears: Tesla And Uber Team Up; PayPal’s ‘Transition Year’; Analyst Predicts Dogecoin Will Soar To $5