Options Market Statistics: DJT, Crypto-Related Stocks Soar After Trump Survives Assassination Attempt

Marathon Digital's stock price surged on Monday after B. Riley raised their price target on the stock from $18.00 to $20.00. B. Riley currently has a neutral rating on the stock. Bitcoin (BTC) was back above $63,000 for the first time in two weeks on Monday, up more than 15% from the lows of last week. Some of that price momentum is likely associated with the viewpoint that the re-election of former President Donald Trump, who has lately become viewed as a stronger supporter of cryptocurrency, is more likely.

Despite the hot AI market, Wall Street remains cautious about some companies, including Palantir Technologies. Although Palantir has seen a 66% year-to-date gain, analysts mostly rate it as a "hold." However, this week started well for Palantir, with Wedbush Securities naming it a likely winner for the upcoming earnings season, noting its appeal to investors seeking new AI plays.

PLTR stock is up 2% for the day and 14% for the month. Wedbush analyst Dan Ives predicts strong performance for several top tech stocks, including Amazon, Alphabet, and Microsoft, with Palantir also showing potential despite not being among the Magnificent Seven. Ives expects second-quarter earnings to be a positive catalyst for the tech sector, projecting a 15% increase in tech stocks for the year, driven by software, cybersecurity, digital advertising, and semiconductors.