Benzinga Bulls And Bears: Meta, Tesla, AMD And Crypto Analyst Predicts That ‘DOGE Is Gonna Pop’
From Nasdaq:
The S&P 500 reached a new record high fueled by strong tech earnings and a robust January jobs report, with the Nasdaq and Dow also seeing gains. Job growth surged in January, with non-farm payrolls jumping to 353,000, suggesting that a March interest rate cut is unlikely. This unexpected employment growth complicates the Federal Reserve’s decisions on interest rates.
The popular stocks of the week saw some ups and downs. Meta Platforms analysts raised expectations after a strong Q4 performance, while a crypto analyst predicted a potential 6% increase in Dogecoin value. AMD CEO Lisa Su highlighted the huge AI opportunity despite a stock dip post-Q4 earnings.
Bullish posts from the week include PayPal’s stock surge ahead of Q4 results, Scaramucci’s $170,000 target for Bitcoin, and Apple’s CEO Tim Cook’s endorsement of the “mind-blowing” Apple Vision Pro.
On the bearish side, Tesla faces uncertainty and strategic reevaluation after a court ruling against Elon Musk’s $55B compensation plan. JPMorgan’s analysis of market dynamics resembles the dot-com bubble, while iRobot stock plunges after the collapse of its merger with Amazon.
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