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LC: The Best Small Cap Fintech Stock To Buy Under $20

LC: The Best Small Cap Fintech Stock To Buy Under $20

Image Source: Unsplash LendingClub (NYSE: LC) stock has been on a tear this year, rising some 70% year-to-date, including a 19% jump on Thursday after the company released exceptional third quarter earnings.The online bank and lender generated $201.9 million in revenue in the third quarter, up about 1% year over year and ahead of estimates.Net income rose 190% […]
Political Gridlock And Post-Eelection Fed Cuts

Political Gridlock And Post-Eelection Fed Cuts

Image Source: Pexels After a 50bp rate cut last month, market speculation surrounding the Federal Reserve’s next move is ramping up – and as the looming presidential election adds yet another layer of uncertainty to the mix, we think the central bank is set to tread carefully over the next few months.Video Length: 00:01:28More By This […]
US Government moves $20M in crypto after 8 months of inactivity

US Government moves $20M in crypto after 8 months of inactivity

Key Takeaways The US government moved $20 million in crypto after eight months of inactivity. The transactions included withdrawals from Aave in both USDC and USDT. Share this article The US government has moved over $20 million in funds, according to reports from Arkham Intelligence.  ~$20M IN US GOVERNMENT ASSETS MOVED TO NEW ADDRESS pic.twitter.com/MXgi9mderO […]
Has IBM’s Stock Hit Its Peak?

Has IBM’s Stock Hit Its Peak?

Image Source: Unsplash On October 24, Morgan Stanley reiterated its ‘Equal-weight’ rating on IBM but revised the price target downward to $208 from $217.This adjustment reflects concerns over the company’s mixed third-quarter performance, where the revenue of $14.97 billion came in below their $15 billion estimate, primarily due to weak Consulting and Infrastructure segments.Consulting revenues remained […]
Retail Surge Sparks Bearish Outlook As Bitcoin Dominance Declines

Retail Surge Sparks Bearish Outlook As Bitcoin Dominance Declines

Image Source: Unsplash The cryptocurrency market’s recent dominance by Bitcoin has decreased below 50%, indicating a potential adverse trend as retail activity increases. This change prompts inquiries regarding market dynamics and investor sentiment.Bitcoin’s dominance has been a critical indicator of whether the market is in a bull or negative cycle throughout history. As Bitcoin’s dominance is […]
Indian Gold Demand Slowed In September But Remained Strong

Indian Gold Demand Slowed In September But Remained Strong

Image Source: Pixabay Indian gold demand slowed somewhat in September but already appears to be on the rebound.Gold demand surged this summer after the Indian government cut taxes on gold and silver imports by more than half, lowering duties from 15 percent to 6 percent. The domestic gold price fell 6 percent month-on-month after the lower duty went […]
NEM: Earnings Sell Off Is A Buying Opportunity

NEM: Earnings Sell Off Is A Buying Opportunity

On Tuesday I previewed Newmont’s (NEM) 3Q earnings report saying that any selloff would be a buying opportunity. Well that selloff has arrived in a big way with NEM down more than 13%, dragging the Van Eck Gold Miners ETF (GDX) down nearly 3.5% with it! While it might look scary to me it’s a gift because […]
Ripple to file Form C as SEC prepares for appeals battle over XRP sales

Ripple to file Form C as SEC prepares for appeals battle over XRP sales

Key Takeaways Ripple’s Form C will provide clarity on its arguments against the SEC’s position and outline the specific rulings it is contesting. Ripple’s executives express strong confidence in winning the appeal in the Second Circuit. Share this article Ripple will file a Form C civil appeal to provide clarity on its arguments against the […]
Rebalancing Of The Housing Market, New Home Sales Edition: Sales Increase, Prices Firm

Rebalancing Of The Housing Market, New Home Sales Edition: Sales Increase, Prices Firm

Yesterday we got the existing home sales portion of the rebalancing of the housing market, showing sales down further, and price growth attenuation. This morning we got the new home slice, which was a virtual mirror image.As per usual, while new home sales are only about 10% of the housing market, they are the most […]
Oversized Rate Cuts: Red Alert

Oversized Rate Cuts: Red Alert

Four easing cycles have seen the Bank of Canada deliver larger than 25 basis point rate cuts at a time: 2001, after the US dot-com bubble and Sept. 11 attacks; during the global financial crisis; in the COVID economic shock of 2020 (see chart on the left); and now, in 2024. See Bank of Canada’s Deeper Cut […]