LD By Kevin Flanagan Once again, the Fed kept rates unchanged at the May FOMC meeting. As a result, the Fed Funds trading range remains in the 5.25-5.50% band introduced in July 2023 and still resides at a more than 20-year high-water mark. For those keeping track, this represents the sixth consecutive FOMC meeting in…
Survey Monday The latest FOMC meeting is up later this week, and most market participants have mixed views on when rate cuts could start. Will investors see any cuts in 2024? · Yes· No Take the survey here and don’t forget to share your thoughts in the WSB comments section. Self-driving push Tesla (TSLA) is…
Olena_T We’ve seen some broadening of the market in 2024 compared to 2023. Hopefully, that’s a sign of a move higher with greater participation from sectors other than technology. If inflation eventually decreases, the Fed will likely cut rates, which should help companies with their earnings growth. As a result, cyclical stocks, including industrials, financials,…
Robert vt Hoenderdaal/iStock Editorial via Getty Images The following segment was excerpted from this fund letter. Rentokil (NYSE:RTO) A dramatic 30% share price fall in reaction to a profit warning at Rentokil triggered Chris’s efforts to underwrite the pest control opportunity. In the merger integration with Terminix, one of the leading brands in the US…
You may have noticed a new trend on bitcoin twitter lately, people changing their profile pictures to some form of a Reuben sandwich. I am going to explain what this means, why you should care and why you should consider also becoming a Reuben sandwich. First I must address something important, the Rubin’s Reubens images…
Gary Hershorn/Corbis News via Getty Images Microsoft (NASDAQ:MSFT) isn’t the cheapest stock, but it has set itself up to be one of the biggest beneficiaries of the AI revolution, making it a “Buy.” Company Profile MSFT is a technology company that operates in three segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing….
Post the Bitcoin ETF approval, the Bitcoin halving in April 2024 will prove to be a major catalyst in driving the BTC price above $100,000 by the end of the year. In the aftermath of the US Securities and Exchange Commission’s groundbreaking approval of the first-ever US spot Bitcoin exchange-traded fund (ETF), cryptocurrency enthusiasts are…
Pla2na/iStock via Getty Images Talos Energy Inc. (NYSE:TALO) may see production increases in 2024 from the Sunspear discovery as well as Venice and Lime Rock. In my view, thanks to the CO2 storage market growing at close to 21% CAGR and TALOS’s storage portfolio, the company may receive significant demand for the stock. There are…
tianyu wu LSB Industries, Inc. (NYSE:LXU) recently announced that a new Front End Engineering Design for the Houston project may be ready from Q2 2024. Management also promised capacity extensions thanks to debottlenecking of existing plants, which I believe could bring net sales expectations increases. These are great reasons to buy the stock if we…
The House Financial Services and House Agriculture Committees have advanced bills actively seeking to provide a clear regulatory framework to govern the crypro and stablecoin market. In 2023, the crypto industry witnessed a substantial surge in lobbying efforts aimed explicitly at shaping stablecoin regulations and influencing legislative outcomes in the United States, Bloomberg reported. According…
A spot Bitcoin ETF approval would open doors for institutional and retail investors to access the world’s largest cryptocurrency with greater ease and at a lower cost compared to Bitcoin ETFs tied to the futures market. BlackRock Inc (NYSE: BLK), the world’s largest money manager with a whopping $9 trillion in assets under management, has…
Many Bitcoin fans have ambitious predictions for 2024 and if the token is about to hit $50,000 in the first month of the year as Matrixport says, higher milestones might be in view. A Bitcoin ETF has been one of the most coveted milestones in the crypto industry for years. Some of the biggest companies…
Critics argue that El Salvador’s Bitcoin experiment was premature, highlighting the country’s struggles in achieving the ‘Bitcoinization’ of its economy. El Salvador’s foray into the crypto market has been nothing short of controversial, marked by a $117.5 million Bitcoin (BTC) investment that recently pitched on the edge of profitability. President Nayib Bukele’s persistence in the…
While Cathie Wood has been aggressively selling off her investments in crypto firms, she’s making fresh bets in the AI space acquiring shares of top tech companies like Microsoft and Meta. Cathie Wood’s Ark Invest has been doing massive capital rotation by offloading its crypto investments and eyeing a push into AI. Ark Invest executed…
mwellis/iStock via Getty Images My last article on Rigel Pharmaceuticals, Inc. (NASDAQ:RIGL) in April rated the company a strong buy based on the revenue growth of Tavalisse (fostamatinib), expense reductions pushing the company towards profitability, and clinical catalysts including a trial of fostamatinib in COVID. This article looks at where RIGL stands now on its…
Novogratz is not the only expert who expects Bitcoin price to skyrocket soon. One of the main reasons is that long-term holders are not selling off their positions According to Michael Novogratz, founder of digital asset management company Galaxy Digital, things may soon change for other stores of value like gold and Bitcoin (BTC) as…
While the crypto community eagerly awaits the SEC’s decision regarding Grayscale’s ETF application and others, SEC Chair Gary Gensler remains cautious in sharing specific details about the commission’s next steps. The US Securities and Exchange Commission (SEC) is reportedly in discussions with Grayscale Investments regarding the conversion of the Grayscale Bitcoin Trust (GBTC) into a…
One of the factors that align with the ‘perfect storm’ is the upcoming Bitcoin halving event expected to occur in April 2024. According to a tweet on X by John Deaton, a prominent crypto lawyer actively representing XRP holders in the ongoing SEC case, US regulators may finally approve Bitcoin exchange-traded funds (ETFs) very soon….
Google Cloud has partnered with MultiversX to enhance their presence in the Web 3.0 space. This collaboration aims to streamline large-scale data-centric blockchain projects and enable developers to access critical data effectively. Google Cloud and blockchain infrastructure company MultiversX (formerly Elrond) have joined forces to enhance their presence in the Web 3.0 space. Google Cloud…
From Cyberspace to Outer Space Tension is building in the mines. As the 4th Halving nears and the block reward trims to 3.125 bitcoin per block, miners must not only adapt to a significantly diminished reward, but contend with an increasingly profit-hostile future which might have surprised even the prescient Nakamoto. Indeed, despite widespread hope…
AContadini/E+ via Getty Images United Rentals, Inc. (NYSE:URI) is the market leader in equipment rental with a 17% market share. This figure represents a position of certain privilege which is also supported by consolidated competitive advantages and a sufficiently strong balance sheet. ‘Growth’ is probably the term that best identifies the path undertaken by the…
Receive free Share buybacks updates We’ll send you a myFT Daily Digest email rounding up the latest Share buybacks news every morning. Share buybacks on the US stock market have dropped to the slowest pace since the early stages of the Covid-19 pandemic as rising interest rates undermine the incentive for companies to purchase their…
JHVEPhoto/iStock Editorial via Getty Images A Quick Take On Instacart Maplebear Inc. (CART), known as Instacart, has filed to raise $100 million in an IPO of its common stock, according to an SEC S-1 registration statement. The firm primarily provides last-mile grocery delivery services to the U.S. and Canadian grocery markets. Instacart grew well during…
joshlaverty Canadian consumer prices ticked higher in July, but will it lead the Bank of Canada to hike rates in September? Moneytalk’s Greg Bonnell discusses with Hafiz Noordin, Portfolio Manager, Active Fixed Income at TD Asset Management. Greg Bonnell: Canadian headline inflation reaccelerated in July. But will that lead to a Bank of Canada rate…
Stellar Development Foundation said that the investment in MoneyGram in growing its digital business, researching blockchain technology, and contributing in other ways. On Tuesday, August 15, cross-border payments platform Stellar announced its decision of investing in the global money-transfer company MoneyGram International. By using money from its own treasury for investment, the Stellar Foundation becomes…
gerenme/iStock via Getty Images PDS Biotechnology Corporation (NASDAQ:PDSB) has been able to make great progress with respect to advancing the use of its lead candidate known as PDS0101, which is being developed in combination with Merck’s (MRK) Keytruda to treat certain patients with HPV16-positive head and neck cancer. The last time I spoke about this…
The losses from Ukraine’s much vaunted counteroffensive were heavy and early. Pushing into the country’s sprawling southern fields earlier this summer, Kyiv lost almost a fifth of Nato kit provided for the operation, according to Ukrainian and western officials. Kyiv’s military response across much of the frontline is now becoming clear: to change tactics. The…