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Bitcoin Hits $1-Trillion Value, Nvidia Outweighs Google And Amazon, Hot Inflation Pauses Stock Gains: This Week In The Markets

By Piero Cingari
February 16, 5:29 PM
Bitcoin (CRYPTO: BTC) surged past $50,000 this week, catapulting to a $1-trillion market valuation just a month after the Securities and Exchange Commission granted approval for the first spot Bitcoin exchange-traded fund.

AAPL

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1 minute read

S&P 500, Nasdaq 100 Snap 5-Week Streak As Hot Inflation Prints Dent Tech Stocks

By Piero Cingari
February 16, 5:19 PM
S&P 500 and Nasdaq 100 ended 5-week winning streak due to higher than expected inflation reports, raising concerns about Fed rate cuts. Treasury yields rose, impacting markets negatively. Tech, consumer discretionary, and real estate sectors were affected. Major indices and ETFs saw mixed performance this week, with energy and materials sectors performing the best while technology sector saw a decline.

XLB

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2 minute read

Tech Stocks Ease On Hot PPI, Yields Rise, Microsoft, Amazon Snap 5-Week Positive Streak: What’s Driving Markets Friday?

By Piero Cingari
February 16, 3:21 PM
Wall Street takes pause after stronger-than-expected producer inflation report, potentially delaying Fed rate cuts and impacting major indices and stocks.

AMAT

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3 minute read

Roku Stock Down 22% Despite ‘Almost Perfect Quarter’: Analyst Expects Stock To Be ‘Range-Bound Until Platform Growth Returns’

By Surbhi Jain
February 16, 1:25 PM
Roku stock slid on lower early trading on Feb. 16 due to a cautionary statement on 2024 spending deceleration in the entertainment industry. Despite a Q4 earnings beat, analysts have mixed opinions on the company's future growth.

AMZN

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3 minute read

What’s Going On With Nvidia Stock Friday?

By Anusuya Lahiri
February 16, 12:47 PM
Nvidia Corp (NVDA) will report Q4 results on Feb 21. Wedbush analyst expects strong performance and raised target price to $800. Recent earnings from CSPs show continued AI infrastructure spending. Super Micro Computer Inc also saw growth in backlog. Oppenheimer analyst projects revenue of $20.01B and EPS of $4.48. Nvidia has a broad AI ecosystem and strong margins, making it a top investment for AI growth.

AAPL

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2 minute read

Magnificent 7 Stocks Trigger Concerns Of Market Overheat: Bubble Trouble?

By Piero Cingari
February 16, 12:05 PM
Bank of America's Michael Hartnett's insights reveal common catalysts for market bubbles, including tech innovation and central bank easing. Historic parallels to current Magnificent Seven stocks show potential for future burst, with rising Treasury yields as a harbinger.

AAPL