The “Magnificent 7” – Apple, Microsoft, Alphabet, Amazon, Nvidia, Meta, and Tesla – have been the darlings of Wall Street for the past few years. Their dominance in technology and their massive market capitalization have made them key drivers of the S&P 500’s performance. In 2024 they gained 63%, after rising more than 75% the year before. But will their reign continue in 2025?
The outgoing 2024 was generally strong for the streaming platforms whose number constantly rises and the tech giants. But some did better than others. In his appearance on Bloomberg TV Bulgaria, Ivailo Chaushev, Chief Market Analyst at Deltastock, takes a look at some of them.
EV maker Tesla has been through its ups and downs, but has consistently defied expectations and some analysts now predict that its market cap could hit $2 trillion by 2025. It is hard to tell whether this is achievable, but Tesla has performed rather well recently.
A full four years after the audacious unveiling by the Tesla CEO, Elon Musk, the production of the first Cybertruck has finally commenced, two years behind its initial schedule.
Undeterred by the delay, Tesla showcased the first glimmers of the Cybertruck’s production on Twitter, providing a sneak peek of its employees, clad in safety vests and helmets, working on the unique, futuristic vehicle. The initial projection was for the Cybetruck production to kick off in 2021, a couple of years after the unveiling of the prototype in November 2019.
Source: Dreamstime | Author: Valerii Piankovskyi
Reading time: 2 minutes
An American cryptocurrency investor has filed a complaint with the federal court in Manhattan against Elon Musk, as reported by Reuters. The suit, seeking the impressive sum of $258 bln., claims that Musk is running a pyramid scheme which had artificially inflated the price of the Dogecoin cryptocurrency.
Source: Dreamstime | Author: Ilkin Guliyev
Reading time: 8 minutes
A bear market, or the period when stocks lose their value for a prolonged period of time, can no doubt sound scary to first-time investors. And while every market goes through this cycle at some point in its lifespan, the good news is that the bulls far outlive the bears when it comes to longevity.
So, what are bull and bear markets, what causes a bear market, and what can you do to protect your portfolio when all of your assets seem to be headed towards record lows?