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Investing.com – It’s been a slow week when it comes to the markets, but we managed to find a few stocks that make our top list this week: Micron, Palantir (NASDAQ:) and stocks of crypto.
Micron Technology
Micron Technology (NASDAQ: ) shares make it onto the list for the second time in a row.
Last week it fell more than 16% last week Thursday after the company reported its latest quarterly earnings, with its expectations disappointing investors.
Despite posting modest gains on Tuesday, the stock managed to fall less than 0.1% ahead of the Christmas holiday after the Biden administration launched new trade investigations into Chinese-made semiconductors.
The investigation is said to be aimed at protecting US semiconductor manufacturers from China’s state-led expansion of its chip industry, which has enabled Chinese companies to supply chips at lower prices. artificial.
Meanwhile, Barclays (LON:) recently lowered the price target on Micron to $110 from $145, maintaining an overweight rating on the stock.
Palantir
Despite the slow week, Palantir stock has seen some movement. After a gain of more than 2% in Tuesday’s session, the stock rebounded slightly on Thursday, and as of 09:40 am ET on Friday, it was down more than 3%.
However, in a note to clients on Thursday, Wedbush analysts said they believe the company has a “credible path to Oracle (NYSE: ) in the next decade.”
“With the use of AI expected to increase significantly within IT budgets by 2025, we believe Palantir’s AI Messi is well-positioned to continue to grow its pipeline/sales,” the firm said. add.
They believe it will provide many use cases “to solve critical problems in industries and empower data-driven decision-making with a comprehensive AI/ML solution.”
Crypto Stocks
Last week, MicroStrategy and Coinbase (NASDAQ:) were on the list after they rose above $108,000 and then retreated.
This week, crypto stocks, as a whole, make the list of the main crypto-currency currently sitting below the $ 100,000 mark.
Bitcoin rose more than 4% on Tuesday and gained around 0.8% on Christmas Day before a 3.7% decline on Thursday. At the time of writing, it is trading at around $95,050, down around 0.3% on Friday.
Recent declines have weighed on crypto stocks such as COIN, MSTR, Robinhood (NASDAQ:), Riot Blockchain (NASDAQ:), and CleanSpark (NASDAQ:), all of which declined shortly after the open on Friday.
