This Growth Stock Has Market-Beating Potential [Yahoo! Finance Canada]
Hive Blockchain Technologies Ltd. - Common Shares (HIVE)
Last hive blockchain technologies ltd. - common shares earnings: 5/8 04:15 pm
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Source: Yahoo! Finance Canada
The TSX Composite Index surged 2.8% in the first week of May as hopes of interest rate cuts in June revived. The remainder of the month will see the influx of first-quarter earnings that could drive the stock prices of individual stocks. However, the market will remain volatile depending on the developments in the war situation in the Middle East. The last four months of 2024 showed the same volatility as in 2023. The March inflation numbers of the United States raised concerns that the Fed might slow its 2024 interest rate cuts to just one. Economists earlier expected three rate cuts in 2024. These concerns pulled down a rallying TSX. However, a new hope of a June rate cut has revived the market. Despite all the volatility, the TSX Composite Index has surged 7% so far this year. This growth stock has market-beating potential Investors hope the market will come out of its bearishness and return to its growth trajectory. One stock that has the potential to beat the market and gr
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News
- HIVE Digital Technologies Ltd. (NASDAQ: HIVE) was upgraded by analysts at StockNews.com to a "sell" rating.MarketBeat
- HIVE Digital Technologies Ltd. (NASDAQ: HIVE) was upgraded by analysts at StockNews.com to a "sell" rating.MarketBeat
- HIVE Digital Technologies Tops 2024 TSX Venture 50 in Technology, Leading In Blockchain and AI Infrastructure [Yahoo! Finance]Yahoo! Finance
- HIVE Digital Technologies Ltd. (NASDAQ: HIVE) had its "buy" rating re-affirmed by analysts at Canaccord Genuity Group Inc.. They now have a $6.00 price target on the stock.MarketBeat