Benzinga Bulls And Bears: Tesla, Microsoft, Intel, CrowdStrike And Crypto Trader Says Dogecoin's Bull Run Has 'Not Even Begun Yet'
Portfolio Pulse from Michael Cohen
Benzinga reviewed the prospects of popular stocks, highlighting both bullish and bearish outlooks. Key points include a potential bottom for CrowdStrike, a predicted bull run for Dogecoin, and a possible end to the tech selloff. Conversely, Tesla's Bitcoin investment is criticized, Intel faces downgrades, and NuScale Power is reportedly under SEC investigation.
August 03, 2024 | 12:57 pm
News sentiment analysis
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NEGATIVE IMPACT
Analysts have downgraded Intel after its disappointing earnings and major restructuring announcement, with concerns over the company's ability to recover.
Downgrades and concerns over Intel's ability to recover are likely to negatively impact investor sentiment and lead to a short-term decline in the stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
NuScale Power shares dropped over 18% after a report claimed the SEC is investigating the company, which denies any knowledge of an investigation.
The report of an SEC investigation, even if denied, has significantly impacted NuScale Power's stock, leading to a sharp decline and likely continued volatility.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
The S&P 500 Index, tracked by the SPDR S&P 500 ETF Trust, fell for a third consecutive week due to weaker economic data and geopolitical tensions.
Continued declines in the S&P 500 Index due to weak economic data and geopolitical tensions are likely to negatively impact the SPDR S&P 500 ETF Trust in the short term.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Peter Schiff criticizes Tesla's Bitcoin investment, predicting financial losses for the company despite an unrealized gain of 118%.
Criticism of Tesla's Bitcoin investment and predictions of financial losses could negatively impact investor sentiment and lead to a short-term decline in Tesla's stock price.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Jim Cramer and several analysts believe CrowdStrike stock has hit its bottom, expecting a recovery following a major decline due to a recent global IT outage.
The belief that CrowdStrike has hit its bottom and is poised for recovery is likely to boost investor confidence and drive short-term price increases.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
A crypto trader predicts that Dogecoin's bull run has yet to start, with technical indicators suggesting a potential peak by early 2025.
Positive technical indicators and bullish predictions are likely to attract investor interest, potentially driving up Dogecoin's price in the short term.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Ed Yardeni of Yardeni Research believes the tech selloff might be ending, which could positively impact Alphabet's stock.
If the tech selloff is indeed ending, it could lead to a rebound in Alphabet's stock price as investor sentiment improves.
CONFIDENCE 60
IMPORTANCE 50
RELEVANCE 60
POSITIVE IMPACT
Ed Yardeni of Yardeni Research believes the tech selloff might be ending, which could positively impact Microsoft's stock.
If the tech selloff is indeed ending, it could lead to a rebound in Microsoft's stock price as investor sentiment improves.
CONFIDENCE 60
IMPORTANCE 50
RELEVANCE 60