Bernstein downgraded Tesla’s stock to underperform. The Wall Street firm maintains a price target on the stock that implies a reckoning is coming. The analyst still warns investors that shorting TSLA is as dangerous as stepping in front of a freight train. Even after careening from its all-time highs, Tesla stock (NASDAQ: TSLA) is still…
The stock market has proven remarkably resilient to dire economic data in the United States. Economist Zhiwei Zhang believes that trade war tensions and not the coronavirus are the biggest problem for the stock market. Wall Street bulls may have run of out positive storylines to spin for the Dow. Wall Street’s weird attitude toward…
Max Keiser, a noted anti-Wall Street financial analyst and bitcoin bull, says the market will crash in 2020. And it’ll be the Fed’s fault. He also predicts JP Morgan CEO Jamie Dimon will eventually hound the Federal Reserve for rate cuts so he can borrow more money to buy bitcoin. While the picture he paints…
A position trader is making noise on social media after tweeting an ultra bullish prediction on bitcoin. The cryptocurrency’s performance in the last two halvings may have prompted the analyst to make a bold call. Other big names in the industry share a more conservative price target. Bitcoin’s recent bullish price action is giving new…
When thinking about the biggest competitors of Disney+, an on-demand video streaming subscription service, the obvious names are Netflix and Apple. However, one illegal website appears to be making a name for itself. That’s because it offers most of the streaming service’s content at no cost. A trending article by the Hardtimes revealed that Pirate…
The bitcoin price (BTC) fell by more than 23 percent against the U.S. dollar in the past week, triggering a fierce correction in the cryptocurrency market. Since falling to $7,700, the bitcoin price has recovered to $8,200, critically avoiding a steep drop to the low $7,000 region to test low-level supports in the short term.…
Many traders have turned bearish on Ethereum way too soon, according to a leading technical strategist. | Source: Shutterstock Ethereum (ETH/USD) has gone through a corrective period over the last two months. Since posting a 2019 high of $363.30 on June 26th, the cryptocurrency lost more than 50% of its value. The sentiment has become…
An analyst found that major downturns tend to be healthy for the overall bitcoin price trend. Another analyst explains that 2019 may be a good year for BTC. | Source: ShutterstockMany armchair traders are so focused on the short-term price movement of bitcoin that they forget to look at the big picture. For instance, the…
