Regulatory clarity and institutional adoption could drive bitcoin this year to more than double its current price, according to H.C. Wainwright. The firm raised its price target on the flagship cryptocurrency to $225,000 from $145,000, it said in a note to investors Thursday, implying upside of more than 130%. “Based on our analysis of historical price cycles and recent price action, along with the widely-held expectation for a more favorable regulatory environment for the digital assets industry in the U.S. in 2025 under the new administration, the availability of spot ETF products in the U.S., and accelerating institutional investor and…
Author: usaeverydaylife
Check out the companies making headlines in midday trading: Tesla — The electric vehicle maker slipped 5% after reporting its first ever annual vehicle deliveries decline . Tesla delivered 1.79 million vehicles in 2024, a drop from 1.81 million in 2023. Constellation Energy — Shares jumped 7% after the company secured a record-setting $1 billion in combined contracts to supply nuclear energy to the U.S. federal government. Unity Software — The video game stock surged 9% after online personality Keith Gill, also known by his online moniker Roaring Kitty, posted a gif on social media site X of a “Chappelle’s…
As the new year begins, Bank of America has a few short-term stock recommendations for investors looking to navigate the quarter ahead. Stocks made fresh all-time highs in 2024, pushing the S & P 500 to notch two consecutive years of annual gains above 20%. Wall Street continued its bets on artificial intelligence-related trades, across energy and technology, and remained optimistic on inflation progress and economic growth. “This remains a stock pickers market,” analyst Anthony Cassamassino wrote in a Thursday note to clients. Here are some of the firm’s top buy-rated picks for the first quarter: Bank of America is…
CFOTO | Future Publishing | Getty ImagesNoted short seller Hindenburg Research disclosed a bet against Carvana on Thursday, claiming the online used car retailer’s recent turnaround is a “mirage” that’s being propped up by unstable loans and accounting manipulation.The report centers on Carvana’s practice of loan sales as well as the business relationship between CEO Ernie Garcia III and his father, Ernest Garcia II, who is Carvana’s largest shareholder.Shares of Carvana were down about 3% Thursday. The stock increased nearly 400% in 2023, as the company improved results and reduced costs as part of a turnaround plan led by Ernie…
The New England Patriots and Buffalo Bills have played some exciting, compelling games over the years, going all the way back to their days as charter members of the old American Football League. But Sunday’s regular-season finale at Gillette Stadium promises to be nothing of the kind, what with the 3-13 Patriots looking to just get it all over with and the 13-3 Bills looking to rest their starters in advance of the playoffs.Sheesh. Where are television blackouts when we need them?If the Patriots’ 40-7 loss to the Los Angeles Chargers last week is any indication, Gillette Stadium will be…
Warren Buffett’s Berkshire Hathaway outperformed the S & P 500 in 2024 and pulled off its best year since 2021. Class A shares of the Omaha-based conglomerate rallied 25.5% last year, beating the S & P 500’s 23.3% return. Berkshire shares topped $700,000 during the year and posted their ninth positive year in a row. BRK.A 1Y mountain Berkshire Hathaway The strong performance came even as the “Oracle of Omaha” halted Berkshire’s stock buyback program as the share price with the stock getting pricier and pricier. Instead, the conglomerate relied on solid operating earnings this year, supported by strong investment…
Investor optimism has only grown despite a rough ending to December, indicating that selling actually may not be over yet. Bank of America said its stock market sentiment readings are flashing signs that the bullishness is overdone. In the past , the indicators have been consistent with near-term selling points as high levels of sentiment, or euphoria, can mean that stocks are overvalued and overbought. The firm’s “Sell Side Indicator” is just shy of triggering a sell signal. At 57%, the measure of typical Wall Street equity allocation in a balanced portfolio has risen for eight straight months and is…
Every Thursday, I’ll be taking you through the big NBA story heading into the weekend. Or maybe the weirdest story? Or maybe just something that makes me laugh and I think will make you laugh too. Essentially, if you’re subscribed to The Bounce and reading every day, we’re going to have the same fun here as we do in that space.On top of that, I’ve culled the weekend schedule for you to know what to pay attention to. Weird bad streaks against teams? Beefs you need to track? Just fun games with matchups you may not have known were happening? We’ve got that…
It’s the start of a new trading year, and Goldman Sachs has added three new stocks to its conviction list, with one in particular projected to see massive gains. The firm’s “Conviction List – Directors’ Cut” includes 20 to 25 “most differentiated fundamental,” buy-rated ideas across its U.S. stock coverage. For the rest of 2025, Goldman has added Uber Technologies , Norwegian Cruise Line and Belden the Conviction List, and removed Fox Corp. , Parker-Hannifin and TPG . Along with those additions, here are other stocks on the Goldman list. Goldman believes Uber has a path to increased profitability, even…
The remains of a Tesla Cybertruck that burned at the entrance of Trump Tower, are inspected in Las Vegas, Nevada, U.S. January 1, 2025. Ronda Churchill | ReutersThe person who rented the Tesla Cybertruck that exploded outside of the entrance of the Trump hotel in Las Vegas has been identified, as authorities began Thursday searching a home in Colorado connected with the case.The truck was rented to Matthew Alan Livelsberger, two senior law enforcement officials told NBC News, but it was not immediately clear the identity of the person who was killed inside the vehicle when it erupted into flames early Wednesday outside…
