The recently approved Hong Kong Bitcoin spot ETFs began trading today, but saw relatively low volume on their first day. The Hong Kong Securities and Futures Commission (SFC) approved 6 total spot Bitcoin and Ethereum ETFs last week. NEW: 🇭🇰 Opening ceremony of Hong Kong spot #Bitcoin ETFs 👏 pic.twitter.com/ux1eb5PqRn — Bitcoin Magazine (@BitcoinMagazine) April 30,…
Gary Yeowell Summary Following my coverage of CSX Corp. (NASDAQ:CSX), for which I recommended a buy rating given the strong business moat and positive volume outlook through 2024, this post is to provide an update on my thoughts on the business and stock. I reiterate my buy rating for CSX, as 1Q24 results proved my…
U.S. spot bitcoin exchange-traded funds (ETFs) have surpassed $200 billion in cumulative trading volume since launching just three months ago. JUST IN: 🇺🇸 US #Bitcoin spot ETFs trading volume surpasses $200 billion within just 3 months. Asia is next 🚀 pic.twitter.com/VxQdQJEIjN — Bitcoin Magazine (@BitcoinMagazine) April 10, 2024 According to data from The Block, the total…
kenneth-cheung In our last update, we emphasized how Compagnie Générale des Établissements Michelin (OTCPK:MGDDF) (OTCPK:MGDDY) was trading at a 20% discount compared to its historical average in EV on sales, EV on EBITDA, and P/E. Aside from an attractive entry price, our buy rating was backed by the company’s ability to offset raw material price…
Diy13 Last February, I started coverage of Antero Midstream (NYSE:AM) with a “Buy” rating, citing benefits coming from upcoming rebate roll-offs, a recent acquisition, and a commitment to lower its leverage. The stock has generated a 24% return since then, keeping pace with S&P. I last covered the stock in November, saying I thought a…
JulPo Visa (NYSE:V) reported Q1 FY24 earnings that exceeded market expectations on January 25 after the market close. In my introductory article published last October, I highlighted their double-digit earnings growth and strong cross-border recovery. I remain confident in Visa’s overall strength in the global payment network and reiterate a ‘Strong Buy’ rating with a…
For the first time since launch, BlackRock’s spot Bitcoin ETF is outpacing the Grayscale Bitcoin Trust (GBTC) in terms of trading volume so far today, according to Bloomberg ETF analyst James Seyffart. BlackRock’s spot Bitcoin ETF volume surpassing GBTC for the first time hints at a slow down in outflows for Grayscale’s ETF, which has had…
Marathon Digital’s spectacular performance aligns with the broader boom in the Bitcoin mining sector. In an astonishing turn of events, Bitcoin (BTC) mining stocks experienced an unparalleled jump in trading volumes this week, outperforming some of the world’s greatest tech giants. Marathon Digital Holdings Inc (NASDAQ: MARA) and Riot Platforms Inc (NASDAQ: RIOT), two major…
The Binance crypto exchange had a monthly trading volume dominance of about 40 percent, representing $432 billion, despite the regulatory hurdles. Amid the ongoing spot Bitcoin exchange-traded funds (ETFs) frenzy in the United States, cryptocurrency exchanges around the world have been among the biggest beneficiaries of heightened demand for digital assets. According to detailed market…
ProjectB Investment Thesis: I take the view that Danone S.A. (OTCQX:DANOY) could see upside if the company meets its like-for-like sales target of 6-7% going forward and deliver further volume growth. Until such time, I continue to rate the company as a hold. In a previous article back in October, I made the argument that…
JohnFScott Investment Thesis: I take the view that Starbucks Corporation has the potential for upside on the basis of growth in revenues and transaction volume, and an attractive EV/EBITDA ratio. In a previous article back in September, I made the argument that Starbucks Corporation (NASDAQ:SBUX) has the capacity to further increase transaction volumes going forward,…
jetcityimage/iStock Editorial via Getty Images Post Q3 results, we still need to update our readers on Volkswagen (OTCPK:VLKAF) (OTCPK:VWAPY) (OTCPK:VWAGY). The company is Europe’s largest carmaker and a leading player in commercial vehicles. Volkswagen’s portfolio comprises 12 brands and covers all segments, from heavy trucks to supercars such as Bentley and Lamborghini. Today, we aim…
Sean Gallup Here at the Lab, we have a good grip on EU semis. Following STMicroelectronics’ 20% stock price decline and a Q3 supportive comment, today we are back-checking Infineon Technologies AG (OTCQX:IFNNY) (OTCQX:IFNNF). Our internal team has a long-standing buy rating on the company based on MACRO and MICRO upside. To support our investment…
Erik Voorhees, a prominent Bitcoin advocate, highlighted THORChain’s significance by noting that it processed almost 2%, equivalent to $224 million, of the overall spot Bitcoin trading volume between November 11 and 12. In a recent development, THORChain has emerged as a powerhouse in the Decentralized Finance (DeFi) ecosystem, claiming the title of the third-largest Decentralized…
In anticipation of this pivotal event, there has been a substantial uptick in trading volume for products launched by ProShares and Grayscale. Activity surrounding Bitcoin investment products, particularly exchange-traded funds (ETFs), has seen a notable increase. This surge is primarily driven by the growing excitement within the market about potential ETF approvals in the United…
JHVEPhoto Conagra Brands (NYSE:CAG) might be sitting at 52-weeks lows but the company is struggling with volume declines and a stale portfolio. With low profitability, interest coverage is tight from the 2018 Pinnacle Foods acquisition still and will continue to drag on earnings in the higher interest environment. The company is starting to get my…
Being the largest US retailer, Walmark will boost the popularity of Pudgy Penguins by offering a variety of 16 Pudgy Toys, priced from $2.99 to $11.97. The weekly trading volume of the prominent NFT project, Pudgy Penguins, experienced a significant surge after its collaboration with the retail giant Walmart. Between September 24 and October 1,…
Hazal Ak/iStock via Getty Images McCormick & Company (NYSE:MKC) is scheduled to report its third fiscal quarter earnings in the pre-market session on Tuesday. Here’s what investors need to know. McCormick Stock Key Metrics Through the first half of fiscal 2023, MKC has grown sales by 5.4% to +$3.2B, driven primarily by pricing actions taken…
The rapid increase in the value of Immutable’s IMX token has attracted not only the interest of crypto fans but also remarks from industry experts. In a surprising turn of events, ImmutableX (IMX) is experiencing a remarkable surge of 38.1% in just a few hours this morning following a corresponding trading volume spike. Recent data…
Since 2022, Bitcoin’s trading volume has declined by nearly 90 percent despite increased demand from institutional investors. Bitcoin (BTC) price continued to precariously trade around $26k on Tuesday, as investors closely watched for convincing reasons to long the market. Despite a notable increase in demand for the top digital asset, on-chain data analysts show the…
eyewave Investment action I recommended a buy rating for Nestle (OTCPK:NSRGY) when I wrote about it the last time, as I was cautiously optimistic about the improved visibility into FY23 and the cheap valuation relative to peers. Based on my current outlook and analysis of NSRGY, I reiterate a buy rating. I note that the…
Wolterk A year ago I concluded that General Mills (NYSE:GIS) was milling along, after it optimized its portfolio in recent years, creating a stable consumer staple business with slightly improved growth prospects. This created a fair, but not necessarily very attractive situation given the (interest) rate environment. While growth turned out to be better than…