4 Cryptos Set to Outperform Bitcoin in 2024

Chris Rowe, the man who spotted 44 different coins that have returned over 100%, is now making the biggest crypto call of his ENTIRE career.... Because a powerful crypto event will trigger on June 24th... Sending hundreds of tiny cryptos soaring 5X, 50X, even 100X -- in just days.

Benzinga Bulls And Bears: Nvidia, Tesla, Snowflake, Broadcom — And Raoul Pal Advocates Bitcoin Before AI

Michael Cohen
August 24, 2024

Benzinga examined the prospects for many investors’ favorite stocks over the last week. Here’s a look at some of our top stories.

The three major averages posted gains for the week, with the Dow up nearly 1.3%, the Nasdaq gaining 1.4%, and the S&P 500 rising 1.45%.

Stocks moved higher Friday morning after Federal Reserve Chair Jerome Powell signaled potential interest rate decreases during his Jackson Hole speech, stating, "The time has come for policy to adjust." However, Powell refrained from specifying the timing or extent of any rate cuts, emphasizing a data-driven approach.

The anticipation of lower rates contributed to a drop in the dollar, which hit its lowest level in over a year, and boosted interest rate-sensitive sectors like small-cap stocks, real estate, and regional banks.

Benzinga provides daily reports on the stocks most popular with investors. Here are a few of this past week’s most bullish and bearish posts that are worth another look.

The Bulls

Goldman Sachs Is Bullish On Nvidia Ahead Of Earnings: Risk-Reward For AI Stock ‘Favorable’,” by Piero Cingari, details Goldman Sachs’ optimistic outlook on Nvidia Corp. (NASDAQ:NVDA), driven by strong AI demand and Data Center growth, with potential for an 89% stock price increase despite risks from delayed GPU launches.

‘Make As Much Money As Possible' Before AI ‘Renaissance,' Says Raoul Pal, Who Sees Bitcoin As ‘The Standout Asset',” by Khyathi Dalal, features Raoul Pal‘s advice to capitalize on assets like Bitcoin (CRYPTO: BTC) before AI and robotics reshape the economy, emphasizing Bitcoin’s historical outperformance amid ongoing currency debasement.

Broadcom Secures Major Wins With OpenAI, Google, Meta As It Targets $150B AI Market,” by Surbhi Jain, highlights Broadcom Inc. (NASDAQ:AVGO) securing critical AI ASIC partnerships with OpenAI, Google parent Alphabet Inc. (NASDAQ:GOOGL), and Meta Platforms Inc. (NASDAQ:META), positioning itself to capitalize on a $150 billion AI market.

For additional bullish calls of the past week, check out the following:

Amazon’s ‘Multi-Billion Dollar Run Rate’ In AI Drives Strategist To Double Down On Stock

Gold ‘Is Getting Its Moment In The Sun’ And Experts Say The Record High Prices Could Climb Even Higher: Here’s The Case For Even More Glittering Gains

Carvana Defies The Odds With 217% YTD Rally: Is The Comeback Story Real?

The Bears

Tesla Shares ‘Kind Of Dead In The Water’ Until This Happens, Says Portfolio Manager, Blames CEO Elon Musk For Alienating Customers ‘Super Important To Him,’” by Shanthi Rexaline, discusses Bill Davis of Hennessy Stance ESG ETF expressing concerns about Tesla Inc. (NASDAQ:TSLA) due to its absence in the low-cost EV segment and Elon Musk‘s leadership, suggesting the stock may remain stagnant until Tesla addresses these issues.

Intel Board Member Lip-Bu Tan Resigns Amid Chipmaker’s Struggle With Cost Cuts,” by Anusuya Lahiri, reports that Lip-Bu Tan resigned from Intel Corp.‘s (NASDAQ:INTC) board to reprioritize commitments, as the company faces challenges with its $10 billion cost-reduction plan amid a 39% stock decline over the past year.

Snowflake Investors ‘Further Confused’ After Q2 Earnings: One Analyst Says They Know Why,” by Priya Nigam, explains why Snowflake Inc. (NYSE:SNOW) shares dropped 13.5%, as analysts pointed to mixed signals from management’s guidance despite strong quarterly results, leaving investors puzzled over the company’s growth outlook.

For more bearish takes, be sure to see these posts:

Peter Schiff Warns Dollar On ‘Verge Of A Total Collapse’ As Greenback Succumbs To Rising Rate Cut Bets

Fisker Recalls Nearly 8K Ocean SUVs Over Risks Of Reduced Braking Performance

Boeing’s 777X Faces Yet Another Setback: Structural Cracks Reportedly Force Grounding Of Test Fleet

Keep up with all the latest breaking news and trading ideas by following Benzinga on Twitter.

This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Image created using artificial intelligence via Midjourney.

Continue Reading...

Popular

Harris, Trump Films To Hit Theaters Weeks Before 2024 Election: One Candidate Tried To Block Movie From Release

Movies about Kamala Harris and Donald Trump hit theaters in October. Find out the differences between the movie and why one candidate wants a ban.

Scaramucci Says Melania Trump Would Prefer Kamala Harris To Donald Trump As President

Anthony Scaramucci has claimed that Melania Trump would rather see Kamala Harris win the presidency than her own husband.

New "Living Missile" to Replace Nuclear Missiles - Ad

CBS News Reports: "It's an entirely new type of weapon." The New York Times Reports: "No existing defense can stop it." And one small company is building them for the Pentagon!

Americans Split On Election Result Acceptance Between Harris And Trump, Here Is The Candidate They Think More Likely To Accept Voters' Verdict

A survey conducted by ABC News/Ipsos has shed light on the American public's confidence in the acceptance of the upcoming November presidential election results by Vice President Kamala Harris and former President Donald Trump.

Trump Vs Harris: Who Do Russia, Iran And China Favor In 2024 Election? Intelligence Officials Weigh In

U.S. intelligence officials believe that Russia, Iran and China have preferred candidates in this year's U.S. presidential election. Each of these foreign powers has different views on who would best serve their interests.

Don't Tell ANYONE About This Altcoin (Until It Pops)... - Ad

Quiet now! This governance token could be the sleeping giant of the crypto world... In the next bull market, this "DeFi 2.0" powerhouse might soar 10x... 50x... perhaps even 100x.

Investigators say dispatching errors led to Union Pacific train crash that killed 2 workers

OMAHA, Neb. (AP) — Dispatching errors combined with the failure of two backup systems allowed a Union Pacific train to that had been parked on a side track for nine months in Southern California two years ago, killing an engineer and a conductor, according to a report issued Thursday.

UK says it's suspending some arms exports to Israel over the risk of breaking international law

LONDON (AP) — U.K. Prime Minister Keir Starmer's government said Monday that it's suspending exports of some weapons to Israel because they could be used to break international law — a move with limited military impact intended to increase pressure by Israel's frustrated allies for an end to .

Analysts Are Projecting "Safe-Haven" Stock Will Nearly Double - Ad

Already up nearly 50% in the last 6 months this gold company has an analyst target nearly twice its current price. With 40+ investment banks and funds already invested it's no wonder this $1.3B company (trading under $2) is grabbing investor attention.

Donald Trump's Billions On Hold As Insiders Sell Off Truth Social Shares

Insiders at Trump Media & Technology Group owned social media platform Truth Social have started offloading their shares.

Major power outage hits Venezuela's capital, with Maduro government blaming 'sabotage'

CARACAS, Venezuela (AP) — Venezuelans awoke Friday to a major power outage in the capital, Caracas, and several states.

Could You Retire on a Single AI Stock (Trading for Only $15)? - Ad

Imagine what the perfect AI stock would look like...forefront of AI trend...virtual monopoly in its market... exempt from federal taxes. As you're about to see, this perfect AI stock does exist, and is currently trading for only $15. With just one investment, you could potentially set yourself up for massive financial gains.

Judge allows smoking to continue in Atlantic City casinos, dealing blow to workers

ATLANTIC CITY, N.J. (AP) — A judge on Friday allowed smoking to continue in Atlantic City’s casinos, giving some measure of relief to the city's struggling casino industry while rebuffing workers who have long sought to be able to breathe clean air on the casino floor.

Top AI Stock (It's Not MSFT, GOOGL, AMZN or AAPL) - Ad

Ross Givens says the #1 artificial intelligence stock is NOT Microsoft, Google, Amazon or Apple, not even Nvidia. Nope -- his research is pointing to a tiny, under-the-radar stock that's trading for just a few dollars right now... And has lined up major partnerships with Honda, Netflix, Pandora, Mercedes Benz and many, many others.

Apple Reportedly Plans To Switch To OLED For All iPhones Starting 2025, Not Just The Top-Tier Flagships

Apple plans to transition all iPhone models, including the lower-priced iPhone SE, to OLED displays by 2025, phasing out LCDs and excluding Japanese suppliers like Japan Display and Sharp from its handset business.

Forget AI, Imperium Is Expected to Grow 320,000% In 3 Years - Ad

Three of the world's biggest AI companies -- Google, Nvidia and Intel -- have even partnered with my No. 1 Imperium company to get on this massive mega trend. The average investor hasn't caught on yet, but you can still invest in my No. 1 Imperium company for just $10 a share.

Former Deputy Claims Harris Helped Close Backpage, Fallout Affects Sex Workers

In the midst of the 2024 presidential campaign, Kamala Harris finds herself under the microscope for her involvement in the closure of Backpage.com, a well-known online platform for adult services, during her time as the Attorney General of California.

The iPhone 16, new AirPods and other highlights from Apple's product showcase

CUPERTINO, Calif. (AP) — Apple squarely shifted its focus toward artificial intelligence with the unveiling of its hotly anticipated iPhone 16 along with a slew of new features coming with the next update to the device’s operating system. While the new phone lineup headlined Monday's showcase, the tech giant also shared updates to its smartwatch and AirPod lineups.

My No. 1 Oil Play for 2024 - Ad

Do you own oil and gas stocks? Or are you thinking about buying some? If so, you need to see my #1 oil play for 2024. But it's NOT oil stocks, futures, or anything you've likely heard about. Rather, it's an unusual way to potentially bank monthly income from the oil and gas markets.

Red Lobster says it will soon exit bankruptcy protection after judge approves seafood chain's sale

NEW YORK (AP) — After months of dozens of restaurant closings and headlines about “endless shrimp” woes, Red Lobster is poised to soon exit from Chapter 11 bankruptcy protection.

Nvidia Set To Reach $10 Trillion Valuation As Blackwell Expected To Propel Chip Maker With 'Fireworks Again' In 2025, Analyst Predicts

NVIDIA Corp is projected to surge to a $10 trillion valuation, according to Beth Kindig, lead tech analyst at I/O Fund. Kindig highlighted the potential of Nvidia's next-generation artificial intelligence chip, Blackwell.

The "Amazon Coin" -- To Be Bigger Than Bitcoin? - Ad

Starting September 23rd, this tiny 3-cent crypto could partner with one of the biggest companies in the world... Amazon. Declassified video reveals "Amazon Coin" ahead of $27 trillion crypto revolution. One team of crypto experts have identified it as the most promising crypto of 2024.

GameStop Shares Are Trading Higher: This Week In Review

GameStop Corporation (NYSE: GME) shares are up Friday. Here's what you need to know.

Japan Leads Asia Markets Decline, Europe Slides; Crude Oil Falls below $70 - Global Markets Today While US Slept

US stocks close lower on weak manufacturing data and Fed rate cut uncertainty. Asian markets follow with major declines. Commodities and futures down.

What If Kamala Wins? The 3 Words That Will Change Everything - Ad

The same team that predicted Biden's downfall ... now warns of a new threat. Learn how to safeguard your future.

Kroger and Albertsons prepare to make a final federal court argument for their merger

PORTLAND, Ore. (AP) — Kroger and Albertsons were expected to present their closing arguments Tuesday in a on their proposed merger, which the federal government hopes to block.

California governor signs laws to protect actors against unauthorized use of AI

SACRAMENTO, Calif. (AP) — California Gov. Gavin Newsom signed off Tuesday on legislation aiming at protecting Hollywood actors and performers against unauthorized artificial intelligence that could be used to create digital clones of themselves without their consent.

U.S. Loses to China in Shocking WAR GAMES - Ad

Pentagon says new "living missile" key to winning a future conflict. Investors stand to reap 35,960% on shares of the small defense contractor that makes powerful new weapon.

Ethereum Co-Founder Vitalik Buterin Invests Ethereum Proceeds Into Aave, But Trader Says 'Not The Area To Buy'

Ethereum (CRYPTO: ETH) co-founder Vitalik Buterin swapped a significant sum of ETH to deposit into a DeFi protocol, with traders predicting a bright future for it.

US Steel CEO David Burritt Blasted By United Steelworkers President After $15B Deal With Nippon Steel Comes Under Biden Administration Scrutiny: 'Get A Decent CEO'

David McCall, President of United Steelworkers met Nippon Steel's Executive Vice President Takahiro Mori this summer to describe the union's demands, particularly ensuring that the Japanese steelmaker's parent sign the deal

Seven Unknown AI Stocks That Could Dominate the Next Six Years - Ad

The original "Magnificent Seven" stocks generated 16,800% over the last 20 years. But now a new set of AI stocks is set to take over. Alex Green dubs them "The Next Magnificent Seven." And he's arguing that just $1,000 in each could turn into more than $1 million in less than six years.

Johnson & Johnson-Spin Off Kenvue Wins Lawsuit Over Pain Killer Tylenol 'Rapid Release' Gelcaps

Kenvue defends against a consumer lawsuit alleging that its Tylenol "Rapid Release" gelcaps did not relieve pain faster than regular tablets. A federal judge ruled the claims were preempted by FDA regulations.

Video game performers reach agreement with 80 video games on AI terms

LOS ANGELES (AP) — After striking for over a month, have reached agreements with 80 games that have signed interim or tiered budget agreements with the performers' union and accepted the artificial intelligence provisions they have been seeking.

This Is How the AI Bull Market Ends - Ad

The AI bull market as we know it right now will end...And all the big popular AI stocks investors are piling into right now will NOT be the where the biggest returns will come from. And for investors who don't know how the market is changing and where it's going...They could end up left behind.

Firm offers bets on congressional elections after judge clears way; appeal looms

ATLANTIC CITY, N.J. (AP) — You can now do more than just vote in this fall's Congressional elections: You can bet on them, too.

It's not just Harris and Trump who have a lot at stake in next week's debate. ABC News does, too

NEW YORK (AP) — Hours after ABC News released the rules for next Tuesday's resolving a final dispute in Donald Trump's favor, the former president was on the attack — against ABC News.

America Can't Afford a Harris Presidency - Ad

New research from Jim Rickards - former advisor to the CIA - reveals shocking predictions about an "Election Meltdown" coming this November. Jim's showing all American patriots why an "Election Meltdown" could crash stocks by 50%, lead to the final demise of the dollar, even cause violent riots in the streets.

Ocean Power Technologies Stock Climbs On Q1 Results: Details

Ocean Power Technologies reported its first-quarter financial results after Monday's closing bell. Here's a look at the details from the report.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright markethundred.com
Privacy Policy | Terms of Service