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Bitcoin hits fresh high - Yahoo Finance

Bitcoin hits fresh high - Yahoo Finance

Bitcoin hits fresh high - Yahoo Finance
Feb 21, 2021 5 mins, 26 secs

(Reuters) - Bitcoin continued gaining on Sunday, rising to a fresh high and extending a two-month rally that took its market capitalization above $1 trillion on Friday.

The stock market held up well last week but margin debt is a growing concern.

He’s a wickedly smart dude, who is very forward-thinking and has such a great track-record of prescient calls that they call him Wall Street’s “Mad Scientist.”InvestorPlace - Stock Market News, Stock Advice & Trading Tips One example: Back in 2011, he told everyone that EVs were going to take over the world and hyped Tesla stock as a strong buy?

Tesla’s stock price at the time.

Another example: In late 2019, Jonas said that the Space Economy was on the verge of hypergrowth and Virgin Galactic was a strong buy?

The Virgin Galactic stock price at the time.

Fisker (FSR) and QuantumScape (QS).

Specifically, Jonas called EV maker Fisker his “sleeper pick” in the EV category, believing that the company “stands out [with] one of the more de-risked and strategically underpinned business models” in the EV space.

Jonas thinks that stock is going to $27.

He thinks this stock is going to $70.

Fisker was founded by Henrik Fisker, a legend of unparalleled reputation in the luxury auto market who was the design brain behind the Aston Martin DB9, the Aston Martin Vantage, the BMW Z8, and the BMW X5.

It should be no surprise, then, that Fisker has attracted a top-tier design team that has created one of the most sleek-looking EVs yet – the Ocean SUV.

Further – thanks to the company’s asset-light, direct-to-consumer business model that Jonas refences above – Fisker will be selling this Ocean SUV for just $37,500… which is an absolute steal of a price for a luxury e-SUV.

The enormous success of the Ocean SUV will be the launching pad for Fisker to thrust itself into EV spotlight, and eventually, turn into one of the most prominent brands in this space.

And at this very moment, Fisker stock has huge upside potential.

But more importantly, QuantumScape is lightyears ahead of everyone else when it comes to making solid-state batteries.

Stan Whittingham, co-inventor of the lithium-ion battery and winner of the 2019 Nobel prize in chemistry, said: “If QuantumScape can get this technology into mass production, it holds the potential to transform the industry.” Thus, QuantumScape stock has huge long-term upside potential.

He said buy Fisker stock and QuantumScape stock.

What Happened: Judging by a screenshot Gill shared on Friday afternoon, he bought 50,000 more shares of the stock.

Price Action: GameStop stock was trading at $42.88 in the post-market trading on Friday, having lost 22.54% in a week, while Palantir Technologies (PLTR:NYSE) seems to be getting attention from the WallStreetBets traders right now.

Dalio, who got his start working on the floor of the New York Stock Exchange trading commodity futures, founded the world’s largest hedge fund, Bridgewater Associates, in 1975.

Dalio will tell you that all strong past returns really guarantee are current high prices.

In our view, management's 11-13% guide for 2021 remains conservative driven by its on coming projects, continued pricing, efficiency gains, and solid buybacks with its strong balance sheet and cash flows.

In line with his bullish comments, McNulty rates LIN as a Buy, and his $320 price target implies an upside of ~28% for the coming year.

This gives the stock its Strong Buy analyst consensus rating.

Shares are priced at $250.88, and their $295.73 average price target suggests they have ~18% growth ahead.

(See LIN stock analysis on TipRanks) BlackRock (BLK) Next up is the world’s largest asset manager.

Covering BLK for Deutsche Bank, analyst Brian Bedell writes, “We view 4Q results as very good with strong long-term net inflows across its products which we expect to continue despite a one-time, $55bn pension fund outflow of low-fee equity index assets expected in 1H21 which mgmt.

We expect organic base fee growth to exceed organic AuM growth coming into 2021 driven by a flow mix skewed toward higher fee-rate products for now.” To this end, Bedell rates BLK a Buy and his $837 price target suggests the stock has ~18% upside ahead of it.

Shares sell for $710.11, and the average price target of $832.17 gives the stock a 17% upside potential.

(See BLK stock analysis on TipRanks) AbbVie, Inc.

Porges gives ABBV an Outperform (i.e. Buy) rating, and sets a $140 price target that indicates room for a 33% one-year upside.

(To watch Porges’ track record, click here) Overall, there are 10 reviews on ABBV shares, and 9 of those are to Buy – a margin that makes the analyst consensus rating a Strong Buy.

The stock is trading for $105.01 and has an average price target of $122.60.

This suggests an upside of ~17% over the next 12 months.

(See ABBV stock analysis on TipRanks) To find good ideas for stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.

While aspects of the craze -- the growing obsession with penny stocks and options, primarily -- are the basis for daily warnings about a bubble, bulled-up positioning is proving a sturdy backbone for the rally.Up 75% from March, the S&P 500’s gain dwarfs all previous bull markets at this stage of the cycle since the 1930s.“It’s been truly amazing,” said Brian Culpepper, a money manager at James Investment Research.

“Everyone just thinks the stock market is going to go, go, go,” he added.

“Whether it’s herd mentality, or fear of being left behind, that’s what you’re seeing.”Dated from the last bear-market bottom, the boom cycle is young -- 11 months, versus five years for the median bull market.

The S&P 500’s current peak-to-trough gain already eclipses three other full bull markets.

If history is any guide, this one is likely more than half done as the median return of the 13 previous bull cycles was 126%.Indeed, a majority of money managers in a Bank of America poll this month viewed the current bull market as being in a late stage.“I don’t think we’re at bubble levels yet, but there are certainly some red flags that would indicate folks are all-in on stocks and risk,” said Michael Arone, chief investment strategist for the U.S.

“You need that euphoric moment for the bull market to top.”That danger has yet to register with investors.

Companies -- a reliable ally of the last bull market -- were forced to retreat and preserve cash during the 2020 pandemic, but are splurging on their own shares again

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