The Nasdaq 100 closed higher by around 80 points on Thursday. Investors, meanwhile, focused on some notable insider trades. When insiders sell shares, it could be a preplanned sale, or could indicate their concern in the company’s prospects or that they view the stock...
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Reuters
Stocks At Record Levels Even As Rate Cut Hopes Fade: ‘The Strength Of AI Hype Is Truly Historic’
Even with the Federal Reserve poised to end all hopes of a March rate cut on Wednesday, the S&P 500 index remains at record levels. Adam Kobeissi, author of The Kobeissi Letter on X said on Tuesday: “Even as three interest rate cuts were removed from market...
Analyst Upgrades Riot For ‘Best Relative Upside’; Foresees 134% Growth For Another Bitcoin Mining Stock
JPMorgan analyst, Reginald L. Smith, has upgraded Riot Platforms Inc (NASDAQ:RIOT) to Overweight from Neutral. This upgrade comes on the heels of a promising forecast for Riot’s hashrate growth. Smith has a Dec. 2024 price target of $15, implying an upside of 35% from...