From Nasdaq: 2024-05-24 08:50:00

Zacks Equity Research named Onespan (OSPN) as the Bull of the Day and Alibaba (BABA) as the Bear of the Day, providing analysis on Block, Inc. (SQ), Coinbase Global, Inc. (COIN), and NVIDIA Corp. (NVDA). Onespan is a security software company with strong growth potential, while Alibaba has seen earnings estimates decline, leading to its Zacks Rank #5 (Strong Sell) status.

Bitcoin’s price has surged in 2023 and 2024, with retail and institutional investors gaining exposure to the cryptocurrency through ETFs. The Biden administration’s support for the digital asset sector and recent bipartisan approval of a landmark crypto bill are positive indicators for Bitcoin’s continued bullish run. Stocks like Block, Inc., Coinbase Global, Inc., and NVIDIA Corp. are poised to benefit from the cryptocurrency’s upward trajectory. Block has a Zacks Rank #3 (Hold), Coinbase has a Zacks Rank #1, and NVIDIA has recently reported strong earnings results.

Read more at Nasdaq.: Onespan and Alibaba have been highlighted as Zacks Bull and Bear of the Day