To The Moon

🌟🌟🌟Bitcoin price is up today, hitting a high of USD 37,972 before retracing below USD 37,000.  This rally comes as Blackrock expects the SEC to approve its  spot Bitcoin ETF application by January 2024.

BlackRock has registered an iShares Ethereum Trust on Thursday November 9 as a prelude to its application  for a spot Ethereum ETF.  This move could offer investors an indirect exposure to the world 's 2nd largest Cryptocurrency on a traditional stock exchange.

$Coinbase Global, Inc.(COIN)$ 

is set to benefit as it has partnered with Blackrock.  Blackrock will use Coinbase as a crypto custodian for the Spot Bitcoin ETF as well as the latest Spot Ethereum ETF.   In August 2022, Blackrock has already partnered with Coinbase to offer institutional investors access to Bitcoin.

Coinbase's share price is up 6.8% in the past 5 days and a whopping 176% yeartodate.    Wall Street Analysts are bullish on Coinbase with a Buy rating, Target price of USD 150, an upside potential of 63%.

$Palantir Technologies Inc.(PLTR)$ 

Share price was  up 7.5% on Friday and a massive 207% year todate.  On November 2 2023, Palantir announced a better than expected Q3 results including GAAP profit and 33% growth from the US commercial sector.  Palantir has now reported 4 consecutive quarters of profitability and can now be included in the S&P500 Index.

Palantir's revenue grew 17% year over year in the 3rd quarter to USD 558.2 million.  It also had a net income of USD 71.5 million or 3 cents per share, swinging into the black from a loss of 6 cents per share in the previous year quarter.  Palantir delivered earnings of USD 155 million or 7 cents per share on an adjusted non-GAAP basis.

In breaking news, according to Health News website Digital Health, the UK NHS contract for Federated Data Platform worth USD 582 million has been won by Palantir, pending fiinal ministerial approval.   This could possibly send Palantir's share much higher. 

Wall Street Analysts are bullish on Palantir with  Buy rating, Target price of USD 25, an upside potential of 31%.

In contrast $Faraday Future Intelligent Electric Inc.(FFIE)$ 

Share price has dropped 32% in the past 5 days to close at 0.79 cents per share.  It is now down 96% year todate.  

In August, Faraday underwent 1 for 80 reverse stock split.  This is to fulfill Nasdaq 's requirement of minimum USD 1 per share.  Faraday has a new CEO Matthias Ayd who has been trying to cut down costs and improve sales.  It is going to be an uphill climb for him to succeed in his quest.  

Analysts are Bearish on Faraday with a Strong Sell. 

$Walt Disney(DIS)$ 

Share price has gained 7% to above USD 90 on Thursday, hitting its highest share price since August and posting its strongest daily gain since last November. 

The boost came after Wednesday earnings report which saw profits coming in higher than expected and included the good news that Disney will pay out dividends for the first time since 2019 by year's end. 

Wall Street Analysts are bullish on Disney with a Buy rating, Target price of USD 106.43, an upside potential of 20%.

Except for Faraday Futures, I am bullish on Coinbase, Palantir and Disney as there are lots of exponential growth ahead for the companies.  The market is a voting machine in the short term but a weighing machine in the long term.  Great companies will continue to thrive and growth in the long term even though they may face volatility in the short term.  Investing is a marathon not a sprint after all. 

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