Discover the latest stock picks from the most accurate Wall Street analysts, as curated by Benzinga. This analysis provides insights into their recommendations and potential upside for selected stocks, offering valuable information for investors seeking guidance in the market.
Understanding support and resistance levels is crucial for traders. This article explores how these levels can shift, turning former support into resistance and vice versa, using Coinbase Global Inc. (COIN) as an example. Learn how these dynamic levels can influence trading decisions and potentially generate profitable opportunities.
The US dollar is experiencing a surge fueled by speculation surrounding the upcoming US elections. This analysis explores the impact of US Treasury yields, the outlook for EURUSD, and identifies potential trading opportunities in the current market conditions.
Tesla shares surged over 10% in pre-market trading after reporting better-than-expected third-quarter earnings. Other notable movers include CCSC Technology, Mobile-health Network Solutions, Qualigen Therapeutics, CNS Pharmaceuticals, and Twin Vee Powercats. Find out which stocks are gaining and which are losing ground in today’s pre-market session.
Starbucks stock took a dive after the company pulled its guidance, but experienced traders see this as a potential buying opportunity. The stock found support around the $94 level, indicating a possible rebound based on investor psychology and market trends. This article explores the reasons behind this support level and the potential for a rally.
Leading cryptocurrencies, including Bitcoin and Ethereum, traded sideways on Tuesday, mirroring the subdued movements in the stock market. While Bitcoin flirted with the crucial $70,000 mark, a potential surge was met with resistance. Analysts remain cautiously optimistic, but concerns linger about the market’s direction. The volatile market has seen both significant gains and liquidations in recent days, leaving investors and traders navigating a complex landscape.
Piper Sandler analyst Patrick Moley maintains an Overweight rating on Robinhood Markets, raising its price target to $30. The optimism stems from the potential of Robinhood’s new index options and futures trading, which are expected to boost revenue significantly. Moley estimates these new products will attract active retail traders seeking lower fees, potentially putting pressure on incumbents in the market.
Top Wall Street analysts have upgraded their outlook on several key stocks, signaling potential for growth and positive performance. From healthcare to technology, these upgrades highlight promising sectors and companies that investors might want to keep an eye on.
Crypto trader Smiley Capital predicts that Bitcoin’s potential surge to $120,000-$140,000 could initially hurt altcoins, leading to a period of underperformance. However, he expects a subsequent altcoin rally once Bitcoin’s momentum stabilizes.
A savvy crypto trader has amassed millions of dollars in profits by strategically trading meme coins like PEPE, MOG, SPX, and WOJAK. The trader’s biggest win came from PEPE, generating $2.19 million in profits, while also earning significant gains from SPX, MOG, and WOJAK. This story highlights the potential profitability of shrewd trading in the volatile cryptocurrency market, particularly with the rise of meme coins.
