Bank of America Forecasts Gold to $6000; Laxmi Goldorna Stock Falls After Overvaluation Warning
Key Takeaways
- Bank of America forecasts gold to $6000 by early 2026 due to currency devaluation.
- Laxmi Goldorna stock fell 53.66% after InvestingPro flagged it as overvalued in July.
- Ackman's Pershing Square is 55% in Uber, Alphabet, and Brookfield as of October 10.
- Bloom Energy's stock surged 700% after securing a power deal with Oracle for AI data centers.
- ARK ETF invested $3.75M in LY Corp and $3.15M in Klarna on October 10.
Top Stories
Bank of America forecasts gold to $6000 by early 2026.
Bank of America strategists predict gold prices could reach $6000 in early 2026 due to increasing 'currency devaluation trades'. Investors are flocking to gold and crypto to hedge against fiat currency decline.
Laxmi Goldorna stock falls 53.66% after overvaluation warning.
InvestingPro’s Fair Value model flagged Laxmi Goldorna House Limited as overvalued in early July 2025; the stock then fell 53.66% to ₹368.25 by early October.
Ackman's Pershing Square: 55% in Uber, Alphabet, Brookfield.
As of October 10, 2025, Bill Ackman's Pershing Square portfolio, valued at $15.8 billion, is 55% concentrated in Uber (19.1%), Alphabet (18.4%) and Brookfield (17.8%).
Bloom Energy stock surges 700% on Oracle AI data center deal.
On October 10, 2025, Bloom Energy's stock surged over 700% in the past year, trading at $86.92, after securing a power deal with Oracle for AI data centers. The stock's high price-to-sales ratio suggests it may be overvalued.
ARK ETF invests $3.75M in LY Corp, $3.15M in Klarna.
On October 10, 2025, Cathie Wood's ARK ETF reported a significant investment by ARKF ETF in LY Corp, purchasing 1,221,200 shares valued at $3.75 million, and in Klarna Group PLC, adding 76,418 shares worth $3.15 million.
Analyst's Take
CoreWeave (CRWV) stock forecast: Potential $1.6T market cap.
On October 11, 2025, an analysis projected CoreWeave's stock performance over five years, with an optimistic scenario suggesting a market cap exceeding $1.6 trillion. A pessimistic scenario could see a stock price decline of over 70%.
Ericsson shares up 63% after Investing.com's Fair Value model.
On October 11, 2025, Ericsson shares were reported to have delivered a 63% return over 16 months, rising from $5.08 to $8.24, after Investing.com’s Fair Value model identified a 48% upside in May 2024.
Crypto Watch
Pepeto presale hits $6.99M amid crypto market downturn.
On October 11, 2025, Pepeto's presale raised over $6.99 million during a crypto market downturn caused by US tariffs on China. Pepeto offers tokens at $0.000000158 and staking rewards up to 221% APY.
Bitcoin retreats 0.5% to $121,525.6 after record high.
On October 10, 2025, Bitcoin retreated 0.5% to $121,525.6 after reaching a record high above $126,000, driven by profit-taking. It still accumulated a 6.2% gain for the month.
C1 Fund invests in Ripple, blockchain finance infrastructure.
On October 10, 2025, C1 Fund Inc. announced it has purchased shares in Ripple, a global provider of enterprise blockchain technology. The investment aligns with their strategy to support blockchain finance infrastructure.
Bitcoin treasury strategies, MicroStrategy's approach questioned.
On October 10, 2025, an article questioned the risky strategy of Bitcoin treasury companies, specifically focusing on MicroStrategy's approach to holding Bitcoin on its balance sheet.
Geopolitical Impacts
US intel aids Ukraine in strikes on Russian energy sites.
On October 12, 2025, the Financial Times reported that the US has been providing Ukraine with intelligence to strike Russian energy facilities for months. Ukraine's SBU confirmed increasing such attacks, while Russian officials denied the reports.
Investment Radar
Ferrari (RACE) named top auto stock due to brand strength.
On October 11, 2025, The Motley Fool highlighted Ferrari (RACE) as a top auto stock, citing its brand strength and financial growth, including a 142% revenue increase between 2014-2024. Its premium valuation is justified by its performance.
MercadoLibre, Booking Holdings seen as undervalued growth stocks.
On October 11, 2025, The Motley Fool discussed MercadoLibre and Booking Holdings as potentially undervalued growth stocks after recent market pullbacks. The article also points to an AI investment opportunity.
Coca-Cola (KO) Q3 2025 earnings set for October 21.
Coca-Cola is set to release its Q3 2025 earnings on October 21, 2025. The company is highlighted as a strong choice for income investors due to its 3.08% dividend yield.
Market Snapshot
Plug Power (PLUG) stock drops 9.66% amid investor caution.
On October 10, 2025, Plug Power’s stock fell 9.66% to $3.42, sparking investor concern over its rapid recent rise. The Motley Fool’s Stock Advisor team did not include PLUG among its top‑10 picks.
Pure Storage (PSTG) stock hits record high of $94.11.
On October 10, 2025, Pure Storage's (PSTG) stock hit an all-time high of $94.11, after rising 76.3% in the past year. Multiple analysts raised their price targets.
Gold falls 2.2% to 1,20,493/10g on stronger dollar.
On October 10, 2025, gold fell 2.2% to 1,20,493/10g due to a stronger dollar and profit-taking after a ceasefire announcement. The move followed a rally driven by geopolitical tension.
Central Bancompany files for Nasdaq IPO with $19.1B assets.
On October 10, 2025, Central Bancompany, a Missouri-based bank holding company, filed for an IPO on the Nasdaq. As of June 30, 2025, the company had $19.1 billion in assets.
Strathcona Resources abandons hostile takeover of MEG Energy.
On October 10, 2025, Strathcona Resources Ltd. announced it has abandoned its hostile takeover pursuit of MEG Energy Corp in Calgary.
ConocoPhillips (COP) stock dips 15%, Marathon Oil acquisition noted.
On October 11, 2025, ConocoPhillips stock has fallen about 15% over the past year to $87.64, driven by lower oil prices. The recent $22.5 billion Marathon Oil acquisition was highlighted.
Magnetar sells $30.9M in CoreWeave (CRWV) shares.
On October 10, 2025, Magnetar Financial sold CoreWeave (CRWV) shares for $30.9 million at prices ranging from $144.55 to $151.31. CoreWeave's shares have surged 246% year-to-date.
Peru's central bank holds rate at 4.25% amid low inflation.
In October 2025, the Central Reserve Bank of Peru (BCRP) maintained its reference interest rate at 4.25%, citing low monthly inflation and stable annual inflation near the target range.
Shanghai Composite Index drops below 3900 points.
On October 10, 2025, the Shanghai Composite Index fell below 3900 points, with a decrease of 0.94%. More than 2500 stocks in the market experienced declines.