US bull market gains 72%. Fresh momentum amid Trump’s win & ready for a potential 100% gain? Axon, Palantir, Tesla, Zip, Sigma shine. Bitcoin clears US$80k with $2.8 billion in bets for US$90k
From YouTube
The bull market is on a tear, gaining fresh momentum for another run up
US stocks last week wrapped up their best week of the year on bets that Trump will bolster US businesses by reducing taxes and regulation. This comes as US consumer sentiment has risen to its highest level in seven months, with Americans optimistic about strengthening personal incomes.
The S&P 500 rose 4.7% last week, reaching its 50th record high. Three US stocks stood out after Trump’s win that you may want to consider:
– Axon Enterprise $Axon Enterprise (AXON.US)$ shares rose 42% in five days. Axon is a public safety company that manufactures smart Tasers.
– Palantir $Palantir (PLTR.US)$ shares climbed 39% last week, hitting a record high as the data analytics company sees record demand for its AI services, particularly from government clients.
– Tesla $Tesla (TSLA.US)$ shares rose 29% last week, with expectations that the company could benefit from its proximity to Trump's inner circle, potentially expediting regulatory approval for Tesla’s autonomous ride service. For watch the Weekly.
So, what else should you consider?
– Firstly, US stocks are now up 72% in this two-year bull market. If history repeats itself, the market could potentially rise by another 100% over the next two years.
This outlook is driving investors to increasingly support the S&P 500 and the Nasdaq. Such as SPY, QQQ, NDQ.
– Secondly, Bitcoin hit US$80,000 for the first time after rising 4.5% last week. It's now up 76% this year, as traders anticipate Trump will support widespread Bitcoin adoption.
Bitcoin's utility is growing, with it already usable for buying flights, Tesla EVs, and transferring money. VanEck’s CEO sees Bitcoin gaining acceptance similar to gold, with Jan Van Eck suggesting it could reach US$300,000, though no timeline was provided. Many expect Bitcoin to hit US$100,000 by year-end, with over US$2.8 billion in bets for it to imminently reach US$90,000. Additionally, the world’s largest investment manager, BlackRock, has now amassed US$5.5 billion in inflows into its Bitcoin ETF that tracks the cryptocurrency’s price, gaining US$1 billion just last week. BlackRock’s CEO, Larry Fink, is also exploring a stake in a hedge fund with significant Bitcoin holdings. Therefore, you may want to watch Bitcoin ETFs such as IBIT $iShares Bitcoin Trust (IBIT.US)$ and large Bitcoin holders like MicroStrategy $MicroStrategy (MSTR.US)$ and Block $Block (SQ.US)$.
– Thirdly, if you are investing in the Australian stock market, consider that the new Trump era and the US rate-cutting cycle favors selective stock picking.
The Australian share market $S&P/ASX 200 (.XJO.AU)$ faces pressure as the US dollar hits four-month highs, driven by Trump’s pro-business stance, which has pushed down commodity prices like copper, oil, silver, and gold, all of which dropped by 2% overnight, dragging down mining stocks. However, ASX companies earning most of their revenue from the US and international markets are on the rise. For instance, buy-now-pay-later company Zip $Zip Co Ltd (ZIP.AU)$ is trading 4% higher today after a 10% rise last week. Meanwhile, M&A stocks are a hot topic, with Sigma Healthcare $Sigma Healthcare Ltd (SIG.AU)$ shares up 1.4% to a 17-year high following regulatory approval of its $8.8 billion merger with Chemist Warehouse. Sigma shares gained 29% last week.
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Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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Jessica Amir
Moomoo Official Market Strategist
moomoo, market strategist.
Seen/heard on Fox News Business, ABC, SBS, Reuters wires.
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Jooooohn : $Palantir (PLTR.US)$ let’s goooo!!
Jooooohn : Btw I’m jealous you are having spring right now. It’s cold and dark here