Category Archive: Cryptocurrency, No picture
Forbes lists XRP, ADA, LTC, ETC among top “zombie” tokens
The number of tokens exceeds 14,000, and the crypto market cap stands at $2.4 trillion, but more may not always be merrier. Forbes has identified a group of 20 cryptos, dubbed “zombie blockchains,” that maintain high market valuations despite showing little to no real-world utility or user adoption.The list includes well-known names such as Ripple […]
Can A Gucci Turnaround Lift Kering’s SA Share Price?
Image Source: UnsplashKering’s (PPRUY) profitability is firmly tied to the performance of it’s Gucci brand with Bloomberg reporting that Kering derives nearly 70% of its profitability from Gucci.Gucci is reported to be facing a problem of desirability and mass production even as it reports on slowing sales from China. Gucci is currently striving to reclaim its coveted status […]
GS: Profiting By Re-Focusing On Investment, Rather Than Consumer, Banking
Image Source: PexelsWe are raising our rating on Goldman Sachs Group Inc. (GS) to “Buy” from “Hold” following 1Q results, which demonstrated the considerable strengths of the Goldman franchise during an investment banking upturn. The environment offered a few false rebounds in 2023, but the current surge appears to have staying power.Equity and debt underwriting showed good sequential […]
It’s Entirely Legal To Own “Thermonator”
Image Source: UnsplashFor those curious, owning a flamethrower is broadly legal across the United States, with Maryland being the exception, as the state has effectively banned these devices. In California, flamethrowers are legal but require a permit. With the legality all sorted out. What’s been making headlines this week is a Unitree Go2 quadruple robot equipped with a flamethrower. “Thermonator […]
Elliott Wave Analysis: Nasdaq Stocks, AAPL, AMZN, NVDA, META, NFLX, GOOGL, MSFT, TSLA.
This analysis provides insights into the Elliott Wave patterns observed in major Nasdaq stocks, including the Nasdaq 100, S&P 500, and key companies like Apple (AAPL), Tesla (TSLA), Amazon (AMZN), Nvidia (NVDA), Microsoft (MSFT), Meta Platforms (META), Netflix (NFLX), and Alphabet (GOOGL).Currently, we assess that the Wave (4) low may have been established across these […]
Franklin Templeton’s Ethereum spot ETF listed on DTCC
Franklin Templeton’s proposed spot Ethereum ETF has appeared on the Depository Trust and Clearing Corporation’s (DTCC) new securities list with the ticker EZET. This development occurred just a day following reports of the SEC’s probable rejection of spot Ethereum ETF applications.The DTCC listing represents a preliminary step in the trading process, yet it does not […]
The Quintet Bet
Image Source: UnsplashWe just finished the most positive week for the bulls in six freakin’ months. I tried to use this strength to my advantage, purchasing put options and what I believed were attractive prices. Below are the equities against which I own puts whose expirations range from June through October.More By This Author:Tech Stocks Surge, Leaving Some BehindI’ve Had It With UtilitiesAssessing The Limit Of […]
3 Key Quarterly Releases To Watch Next Week
Image Source: PexelsEarnings season is always an exciting time for investors, with companies finally revealing what’s transpired behind closed doors.As usual, the big banks shifted the cycle into a much higher gear, with many other companies scheduled to follow suit.Concerning next week’s docket, three notable companies reporting quarterly results include PayPal (PYPL – Free Report), Amazon (AMZN – Free Report), […]
Economy Is Barreling Toward Stagflation: SchiffGold Friday Gold Wrap For Friday, April 26
Image Source: UnsplashJD and Joel unpack Peter’s latest podcast and the economy’s current path toward stagflation. We look at this week’s price action, macroeconomic data, and a quote from Jordan Peterson.OTHER TOPICS DISCUSSED Gold is trading at $2,337 (up $55 since this time last week) Silver is trading at $27.20 (down about 5% on the week) […]
4 ETF Areas To Play Amid Slower Growth & Rising Inflation
Image Source: UnsplashThe U.S. economy grew in Q1 of 2024 at the slowest pace in two years as consumer and government spending cooled amid a sharp increase in inflation. The U.S. gross domestic product (GDP) increased at a 1.6% annualized rate in January-March 2024, missing Wall Street expectations of a larger rise of 2.5%.The data has […]
