US stock quick picks & Crypto highlights – Aug 14
Top Movers: Under $10 iLearningEngines Inc. (AILE) is up 25.74% today to trade at the current level of $3.84. This comes after the company announced financial results for the second quarter ended June 30, 2024. Zapata Computing Holdings Inc. (ZPTA) zoomed 32.62% in today’s trade to $0.68 after announcing that it has entered a Cooperative Research […]
Nu Holdings Posts Record High – Aug 14
Trends to Watch Optimism: 3 reasons why Bitcoin traders expect $100K+ BTC price by 2025 (Cointelegraph) Turbulence: Elliott Prepares to Launch Proxy Fight at Southwest Airlines (Wall Street Journal) Winding Down: Paramount is shutting down its TV studio as part of a new wave of layoffs (The Verge) So Much Winning: Traders dump MAGA memecoins after Trump fails to talk crypto […]
Stocks rise, bond yields drop on soft US PPI data – 14 Aug
Index Last Change % Change trading higher Dow Jones Industrial Average .DJI 39,765.64 +408.63 +1.04%Positive trading higher Nasdaq Composite Index .IXIC 17,187.61 +407.00 +2.43%Positive trading higher S&P 500 Index .SPX 5,434.43 +90.04 +1.68%Positive Source: LSEG, opens new tab – data delayed by at least 15 minutes Summary Europe’s STOXX steady, Nikkei rallies after wild week […]
Crypto market highlights 13 Aug
Crypto Market Highlights Euler Finance completed 29 audit reports for its “v2” relaunch, resolving all security issues; a $1.2 million post-audit bug bounty found no medium or higher severity issues. Aleph Zero launched its Ethereum-compatible layer-2 solution on its mainnet, integrating with zero-knowledge privacy tools and using a Substrate-based WASM layer 1 as its […]
US stock picks and dividends this week
Top Movers: Under $10 Greenlane Holdings Inc (GNLN) is up 204.33% today to trade at the current level of $7.52. This comes after the company announced that it has entered into a non-binding letter of intent to be the exclusive distributor in the U.S. of Safety Strips, Inc.’s fentanyl, xylazine and drink spike detection test […]
Three-year inflation outlook hits record low in consumer survey – Aug 13
Stock Market News SEC probe of B. Riley widens as struggling firm’s stock drops more than 50% on profit warning – New York Post JetBlue downgraded by S&P and Moody’s amid $3B debt raise – Fox Business Universal Music, Meta expand music licensing agreement – Reuters Bank of America no longer predicting recession, CEO says – Fox Business […]
Stocks tick up while yen slips in calm before US data – 13 Aug
Index Last Change % Change trading lower Dow Jones Industrial Average .DJI 39,357.01 -140.53 –0.36%Negative trading higher Nasdaq Composite Index .IXIC 16,780.61 +35.31 +0.21%Positive trading higher S&P 500 Index .SPX 5,344.39 +0.23 +0.00%Positive Source: LSEG, opens new tab – data delayed by at least 15 minutes Asia market summary U.S. CPI, retail data to refine outlook for […]
Crypto feature: Bitcoin’s Potential Bottom?
Bitcoin’s Potential Bottom Bitcoin fell over 3% on Sunday as some traders and analysts believe the top cryptocurrency may have reached a key price level. Details: According to Cointelegraph on Sunday, a recent Bitcoin metric suggests a “local bottom” for traders when the price is below $60,000. This means that Bitcoin’s price action has shown signs of a […]
US stock quick picks – Apple Survives Warren Buffett Scare-Aug 12
Apple Survives Warren Buffett Scare A week after it was reported that Warren Buffett sold about half of his Apple (Nasdaq: AAPL) shares, the stock jumped by 8%. Final Thoughts: The stock is up about 16% this year. Trends to Watch Dispirited: US consumers could become discouraged without rate cuts, Bank of America CEO says (Reuters) The Return: Bonds Are […]
Volatility shock fades, India CPI on deck – 12 Aug
A week is not just a long time in politics. Seven days ago a huge unwind in the yen carry trade and selloff in megacap U.S. tech triggered a wave of volatility that sent global markets reeling and investors running for the safety of U.S. Treasuries. As the new trading week gets underway in Asia on Monday, that seems a […]
