Benzinga Bulls And Bears: Tesla, Alphabet, Trump Media, Super Micro — Trader Predicts Dogecoin Rally Above 20 Cents In November

Benzinga examined the prospects for many investors’ favorite stocks over the last week — here’s a look at some of our top stories.

Major U.S. indexes saw a volatile close to the week, with the S&P 500 and Nasdaq each down over 1%, largely influenced by recent earnings impacts from tech heavyweights like Microsoft and Meta Platforms. The Dow also edged lower by 0.2%, reflecting broader market apprehension following an October close that ended a five-month run of gains.

The CBOE Volatility Index (VIX) spiked 34% in October—its third-highest increase for that month in an election year—indicating heightened market caution.

Adding to this outlook, October's nonfarm payroll numbers reported only 12,000 new jobs, which has strengthened expectations for a Fed rate cut in the coming weeks. Markets largely predict another reduction by year-end.

Benzinga provides daily reports on the stocks most popular with investors. Here are a few of this past week’s most bullish and bearish posts that are worth another look.

The Bulls

“Michael Saylor Says Bitcoin Remedy To Fix Unhealthy Balance Sheets As MicroStrategy Unveils Massive $42B BTC Purchase Plan,” by Aniket Verma, reveals MicroStrategy Inc. MSTR CEO Michael Saylor‘s argument that Bitcoin can stabilize corporate finances, announcing a $42 billion initiative to expand its Bitcoin BTC/USD holdings, which currently total 252,220 BTC, valued at $18.23 billion.

“Tesla Bull Says Elon Musk-Led EV Giant Is No Longer Seen As An Auto Company By Investors, Explains Why Its Stock Trades At A Hefty Premium To Legacy Rivals,” by Anan Ashraf, shares insights from Gary Black of The Future Fund, who argues that Tesla Inc. TSLA commands a premium valuation as investors increasingly view it as a tech company due to its growth in EVs and autonomous driving.

“Dogecoin’s Rally ‘Has Just Begun For This Cycle,’ Predicts Trader Who Foresees Parabolic Surge In November,” by Khyathi Dalal, features a trader’s analysis that Dogecoin DOGE/USD could surge in November, fueled by patterns from prior post-halving cycles, with a breakout above 20 cents as a key target.

“DJT Short Squeeze Could Push Stock To $60 If Trump Wins, But Analysis Says Loss Could Make Shares ‘Worthless’,” by Chris Katje, explains that Trump Media & Technology Group DJT shares are poised for volatility amid Election Day, with S3 Partners noting that a Trump victory could trigger a short squeeze pushing prices to $60, while a loss might render shares worthless.

For additional bullish calls of the past week, check out the following:

Google Bought YouTube For $1.65B And Now It Prints $50B In Revenue Just In 1 Year — Sundar Pichai Says Alphabet ‘Leaning Into The Living Room Experience’

Gold Hits Record Highs, Defies Market Gravity: Why The Precious Metal Is Decoupling From Treasury Yields

Dogecoin’s Rally ‘Has Just Begun For This Cycle,’ Predicts Trader Who Foresees Parabolic Surge In November

The Bears

“Trump Goes After Taiwan Semiconductor On Joe Rogan Podcast,” by Anusuya Lahiri, covers Donald Trump‘s critique of Taiwan Semiconductor Manufacturing Co. TSM on the Joe Rogan podcast, accusing Taiwan of undermining U.S. chip production and promising tariffs if elected.

“Sundar Pichai Admits DOJ Proposals Could Have ‘Unintended Consequences’ — Google Mapping Out Plan B In Case Apple Ends Search Deal,” by Ananya Gairola, reports Alphabet Inc. GOOG GOOGL CEO Sundar Pichai's concerns over DOJ antitrust proposals potentially destabilizing the tech industry, while hinting at contingency plans if Apple Inc. AAPL ends its search partnership.

“Super Micro Analyst Suspends Rating Over Governance, Accounting Issues,” by Anusuya Lahiri, details a Rosenblatt analyst’s decision to suspend his rating for Super Micro Computer, Inc. SMCI after Ernst & Young resigned as its auditor due to governance and transparency issues.

For more bearish takes, be sure to see these posts:

BlackRock’s Larry Fink Warns Against Overly Optimistic Fed Rate Cuts, Cites High ‘Embedded Inflation’ And Predicts Only 1 Reduction This Year

iPod Co-Creator Tony Fadell Dismisses ChatGPT Type LLMs Saying ‘We’re Trying To Make Science Fiction Happen’ — Bashes Silicon Valley’s Entitlement

Starbucks’ Chinese Rival Luckin Coffee Plans US Comeback With $2 Drinks After Fraud Scandal That Led To Its Nasdaq Delisting: Report

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Image created using artificial intelligence via Midjourney.