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The past week s bullish calls included the electric vehicle leader and a prominent IPO. Short sellers were behind some of the bearish calls seen during the week. The Dow Jones industrial average crossed above 34,000 for the first time last week, as strong results from big banks kicked off the first-quarter earnings reporting season. Optimism also was boosted by good economic data, a steady Treasury yield and reassuring words from Federal Reserve Chair Jay Powell. All of this muted the impact of bad vaccine news early in the week. The week also saw the largest direct listing in history, Jeff Bezos final shareholder letter as CEO and news of the much anticipated next big event from the iPhone maker. ....
Benzinga's Bulls And Bears Of The Week: Alphabet, Coinbase, GE, Quantumscape, Tesla And More yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
Cryptocurrency exchange Coinbase Global Inc (NASDAQ:COIN) made its debut on Wednesday, making it a focus of discussion on Benzinga s Power Hour YouTube show. The show s host Luke Jacobi spoke with IPO Warriors Matt Hammond, who said, I m setting a limit order just above the indication price for Coinbase. Hammond added that he s adjusting his limit order as the reference price for Coinbase goes higher. The biggest mistake he made when he started trading IPOs was placing market orders after trading became available, Hammond said. Setting a limit order before the company goes live creates the opportunity to buy shares right away, he added. ....
The past week s bullish calls included the iPhone maker, Google s parent and an automotive leader. Financial and energy giants and COVID-19 vaccine makers were among the bearish calls seen during the week. The markets kept hitting new all-time highs in the first full week of the second quarter, and the big three U.S. indexes ended the week higher, led by the Nasdaq s gain of about 3%. March jobs data and vaccination progress helped boost the market, the reopening trades and even the beleaguered FAANG stocks. As people argued over the meaning of infrastructure, the 10-year Treasury remained steady. JPMorgan CEO Jamie Dimon had some upbeat comments on economic recovery, but the Federal Reserve offered nothing new. While trading volume was muted, the sentiment seemed to be cautiously bullish ahead of next week s kickoff of the new earnings reporting season. ....