"Boring Trade" Generates $185 Every Day. Like Clockwork.

Forget cryptos, pot stocks, and other "shiny object" investments. Instead, you could collect an average of $185 every day of the year with this "boring" trade strategy Forbes magazine says is "like finding money in the street."

Benzinga Bulls And Bears: Tesla, GameStop, Nvidia, Bitcoin, And Dogecoin Analyst Flags $1.30-$1.50 As Key Target

Michael Cohen
December 07, 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 U.S. stock market continued its upward momentum, with the S&P 500 and Nasdaq marking their third consecutive week of gains, rising 0.96% and 3.34%, respectively, while the Dow edged down 0.6%.

Technology and consumer discretionary sectors drove the rally, supported by strong performances from mega-cap tech names like Apple Inc. (NASDAQ:AAPL), Amazon.com Inc. (NASDAQ:AMZN), and Meta Platforms Inc. (NASDAQ:META).

November’s labor market data showed a notable rebound, with nonfarm payrolls increasing by 227,000, surpassing expectations and significantly outpacing October’s revised 36,000 figure.

Meanwhile, consumer sentiment, as measured by the University of Michigan, improved to a seven-month high, despite heightened inflation concerns influencing some consumers to expedite purchases of durable goods.

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

‘Big Short' Trader Danny Moses Gives Up On Shorting Tesla, Says It Is ‘Very Difficult To Short A Name That Is Not Trading On Fundamentals’,” by Anan Ashraf, explains that Danny Moses, known from “The Big Short,” stopped shorting Tesla Inc. (NASDAQ:TSLA), citing its stock's reliance on narrative-driven promises like autonomous driving rather than financial fundamentals.

Crypto Analyst Foresees Potential 212%-260% Upswing In Dogecoin's Value,” by Aniket Verma, highlights an analyst’s bullish projection for Dogecoin (CRYPTO: DOGE), predicting a surge to $1.30-$1.50 as a key macro target, which would reflect a 212%-260% increase, citing historical patterns and market momentum.

GameStop Rockets As Roaring Kitty Returns To X: What Does His Tweet Signal Ahead Of Q3 Earnings?,” by Chris Katje , reports a surge in GameStop Corp. (NYSE:GME) stock following Roaring Kitty’s (Keith Gill) return to X (formerly Twitter), sparking investor speculation with cryptic posts tied to meme stock momentum ahead of the company's earnings.

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

Michael Saylor Says Bitcoin Could Boost Microsoft’s Valuation By Nearly $5 Trillion And Add $584 To The Stock By 2034

Andrew Left’s Citron Research Says Nvidia-Backed Nebius Is The Next ‘AI Wall Street Darling’ — Stock Moves Up 14%

JPMorgan Bets On Natural Gas For 2025: Upgrades ConocoPhillips, Lowers 3 Energy Stocks

The Bears

Trump’s Tariff Plan Risks Economic Pain For North America, Goldman Sachs Warns,” by Piero Cingari, notes Goldman Sachs’ warning that Donald Trump's proposed 25% tariffs on Canadian and Mexican imports could shrink Canada's GDP by 4%, Mexico's by 3.5%, and the U.S.'s by 0.4%, hitting firms like General Motors Co. (NYSE:GM) and spiking inflation.

Biden Targets China With New Chip Restrictions, Nvidia Slides,” by Anusuya Lahiri, reports on the U.S. imposing stricter export controls on 140 Chinese semiconductor firms, including memory chip tools, impacting NVIDIA Corp. (NASDAQ:NVDA), Lam Research Corp. (NASDAQ:LRCX), and Applied Materials Inc. (NASDAQ:AMAT), as part of a national security strategy.

Peter Schiff Challenges Jim Cramer’s Bullish Bitcoin Take, Says Such Statements Are Made At Market Tops,” by Aniket Verma, highlights Peter Schiff’s critique of Jim Cramer’s enthusiastic support for Bitcoin (CRYPTO: BTC) after it surpassed $100,000, calling such remarks indicative of a market peak, while Cramer defended Bitcoin as a portfolio hedge akin to gold.

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

Shift4 Payments Stock Drops After CEO Jared Isaacman’s NASA Nomination: What’s Going On?

How A Potential Fallout Between Elon Musk And Trump Could Impact Tesla And SpaceX: Cathie Wood Weighs In

Sony-Honda EV Dream Collides With Trump-Backed Policy Shift Reality Ahead Of 2026 US Launch

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

Image created using artificial intelligence via Midjourney.

Continue Reading...

Popular

California officials warn against price gouging as rents soar in fire-stricken Los Angeles

Southern California's expensive housing market is going to get a lot more competitive after deadly firestorms torched more than 12,000 homes and other structures in the Los Angeles area, leaving tens of thousands of people without a place to stay.

Urgent: Buy This Before Bitcoin Hits $125,000 - Ad

Discover the $25 Bitcoin secret that could turn into a fortune soon. Historically, this secret investment soared by 6,865%, surpassing Bitcoin's own performance. This has nothing to do with buying Bitcoin or any Bitcoin ETFs... You can easily access this secret investment through your standard brokerage account.

Progressives are frustrated by Biden's final-days warning of billionaire influence

NEW YORK (AP) — The Democratic Party's left wing has warned for decades that America is moving toward in which a handful of billionaires controls much of the nation's wealth and political power.

Bitcoin Hits $106K: Trump's Next Move Could Trigger $200K - Ad

This rally is no accident -- it's part of Trump's bold vision to make America the "Bitcoin Superpower." Central to Trump's plan is the creation of a National Bitcoin Reserve -- a move that could make the U.S. one of the largest Bitcoin buyers in history, creating massive upward pressure on Bitcoin's price.

TikTok refugees are pouring to Xiaohongshu. Here's what you need to know about the RedNote app

WASHINGTON (AP) — As the fate of TikTok hangs in the balance, U.S. TikTok users are flocking to the Chinese social media app Xiaohongshu, also called RedNote – making it the top downloaded app in the U.S.

Mexico and EU revamp trade agreement days before Trump takes office with threat of tariffs

MEXICO CITY (AP) — Mexico and the European Union on Friday announced a revamped trade agreement that they said would substantially increase trade and investment, days before the inauguration of U.S. President-elect Donald Trump, who on Mexico and other trading partners.

The 10 Stocks to Boom With Trump Back in Office - Ad

I'm not talking about Tesla or Palantir... Trump restarting the Keystone pipeline... Buying some worthless, overhyped crypto... Or anything else you've heard other analysts saying.

IRS Commissioner Daniel Werfel says he'll step down on Trump's Inauguration Day

WASHINGTON (AP) — said in a letter to IRS workers on Friday that he intends to step down from his position on President-elect Donald Trump's Inauguration Day.

Bitcoin soars past $100,000 ahead of possible early action on crypto by Trump

WASHINGTON (AP) — The price of bitcoin topped $100,000 again early Friday as a pumped up cryptocurrency industry expects early action by Donald Trump when he's sworn in as president next week.

Porter Stansberry: These Are Trump's 10 Secret Stocks - Ad

Ten investments secretly owned by Trump's biggest backers. Ten investments intrinsically tied to the policies Trump will put in place. Ten investments with the potential to return 10x or more... but only if you act right now.

TikTok CEO Shou Chew To Join Trump's Inauguration Alongside Musk, Bezos And Zuckerberg Amid Looming US Ban: Report

TikTok CEO Shou Chew will attend President-elect Donald Trump's inauguration alongside tech leaders like Elon Musk, Mark Zuckerberg, and Jeff Bezos, as TikTok faces a looming U.S. ban unless ByteDance divests its U.S. operations.

As Tesla Soars 8%, Gary Black Cites Trump Impact, Elon Musk Pay Package, And $30K Car As Key Catalysts For EV Maker In 2025

Tesla Inc. shares climbed more than 8% Wednesday amid optimistic forecasts from prominent investor Gary Black, who cited multiple growth catalysts for the electric vehicle maker in 2025.

The $15.7 Trillion AI Revolution Is Here - Ad

Tech giants like Amazon, Google, and OpenAI are paying BILLIONS to access this critical AI tech.

"Elon's No. 1 AI Stock" Set to Soar - Ad

Forget ChatGPT! Because Elon Musk's AI promises to be 100x more powerful. After all, ChatGPT just works online... While Elon's AI works in the real world.

Benzinga Bulls And Bears: Tesla, Apple, Meta And Dogecoin Influencers See Pattern For Post-2025 Inauguration Rally

Benzinga examined the prospects for many investors’ favorite stocks over the last week — here’s a look at some of our top stories. The Dow, S&P 500, and Nasdaq gained 3.7%, 2.9%, and 2.5% this week, respectively, with all three posting their strongest advances in weeks.

Canadian foreign minister warns of 'Trump tariff tax' on Americans amid threat of 25% tariff

TORONTO (AP) — Canada's foreign minister warned Americans they will be paying a “Trump tariff tax” if President-elect Donald Trump follows through with a threat to impose a 25% tariff on all Canadian goods.

The No. 1 Stock for Trump's Second Term? - Ad

Legendary investor Louis Navellier's stock rating system gave a buy rating to ALL of the top 30 performing stocks in the S&P 500 index of Trump's first term... ALL of them! His system is now rating these stocks as a "BUY" for Trump's second term.

SpaceX launches colossal Starship rocket and catches it for 2nd time with robotic arms

For the second time, used giant mechanical arms to catch its Starship rocket back at the pad minutes after liftoff Thursday.

Cannabis Legalization Headed For The Ballot Again In Florida: Advocates Launch New Amendment Initiative

Group behind failed attempt to legalize recreational cannabis in FL has launched new initiative for 2026 ballot. Allows adult use with limits and restrictions.

Better Than Bitcoin? (Top Crypto for Less Than $1) - Ad

Over the past 15 years, Bitcoin has outperformed stocks, bonds, and every other asset you could've bought. Many predict 2025 will be an even bigger year--hitting $200,000 or higher. But there's a better way to profit from this new crypto rally. Most people don't know about it... and yet it's returned over 1,000% in 4 months. This could be the #1 way to invest in crypto in 2025.

Apple Eyes Barclays And Synchrony To Replace Goldman Sachs As Credit Card Partner: Report

Apple is exploring partnerships with Barclays and Synchrony to replace Goldman Sachs as its credit card partner as Goldman scales back its consumer finance ambitions.

Shutting Down at 11:59 PM EST - Ad

We're in the midst of an explosive bull market, with gold prices now higher than at any other point in history. Just days from now -- on Jan. 28 -- we expect a major financial event to push gold toward $3,000 ... and then much higher from there. It's why timing is so critical.

Former utility executives are indicted in an Ohio bribery scheme

A former CEO and one of his top executives with an Ohio energy company at the center of a $60 million bribery scheme have been indicted on racketeering charges, federal prosecutors announced Friday.

Google's search ad business faces fresh investigation from UK's competition watchdog

LONDON (AP) — Britain's competition watchdog said Tuesday it's investigating Google's search ad business, adding to global scrutiny that the U.S. tech giant is facing.

Get Your Financial Strategy in Place for 2025 - Ad

There's still time to make smart financial moves as we enter a new year. Work with Datalign Advisory, a trusted partner who can help you optimize your plans and start 2025 on the right foot.

Target's Apparel Performance Provides Optimism, Analyst Favors Top End Of EPS Outlook

Target reports 2.8% holiday sales growth and strong apparel performance, with analyst expecting FY24 EPS at the higher end of guidance.

Bitcoin Miners Consolidate Power: 12 Firms Now Control 30% Of Network Hash Rate

A new report from Bernstein reveals a significant shift in the Bitcoin (CRYPTO: BTC) mining landscape, with just twelve companies no

"America's Final Invention" - Ad

An invention far beyond our current technology -- even artificial intelligence -- could go live any day now. When it launches, the world economy could accelerate by as much as 250 times its normal rate. But it could also send millions of Americans into poverty.

Banning cellphones in schools gains popularity in red and blue states

LITTLE ROCK, Ark. (AP) — Arkansas' Republican Gov. Sarah Huckabee Sanders and California's Democratic Gov. Gavin Newsom have little in common ideologically, but the two have both been vocal supporters of an idea that's been rapidly gaining bipartisan ground in the states: need to be banned during the school day.

The Kellogg Foundation CEO shares her own life story to foster more racial healing

La June Montgomery Tabron believes many Americans have a desire for racial healing. They just don’t know how to start.

Is This Defi Coin Your Next "10-Bagger" Investment? - Ad

Our #1 pick in decentralized finance is largely overlooked by mainstream investors (for now). This governance token could skyrocket as DeFi adoption surges with the smart money and institutions.

Warner Bros. Discovery Analyst Says DTC Strength Won't Offset 'Joker: Folie A Deux' Flop, NBA Rights Concerns

A Warner Bros. Discovery analyst lowers the price target ahead of Q4 financial results. Here are the strengths and weaknesses highlighted by the analyst.

Elon Musk's Final Move - Ad

Elon Musk is DONE. He's finished. Because his latest project may be the last one he'll ever take on. I'm talking about his new, secretive AI startup. Elon's AI promises to be 100 times better than ChatGPT. That's why you need to get all the urgent details on what I call "Elon's #1 AI stock."

India's navy launches submarine, warships to guard against China's presence in Indian Ocean

MUMBAI, India (AP) — India's navy on Wednesday simultaneously launched a submarine, a destroyer and a frigate built at a state-run shipyard, underscoring the importance of protecting the Indian Ocean region through which 95% of the country's trade moves amid a strong Chinese presence.

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 technicaltrading.org
Privacy Policy | Terms of Service