{ }
Symbol COIN
Name Coinbase Global, Inc.
Currency USD
Sector Information Technology
IndustryGroup Software & Services
Industry Software
Market NASDAQ Global Select
Country United States
State DE
City Wilmington
Zipcode 19801
Website http://www.coinbase.com
Eli Lilly is recommended as a buy, despite its fluctuating stock performance. Coinbase is highlighted as a winner, while IES is noted as a strong infrastructure investment. Marvell Technology is favored, and Apple is advised to be held long-term, with a suggestion to buy on dips. Conversely, Cameco is considered overpriced, and Semtech is viewed as a traditional semiconductor company, with a preference for Texas Instruments.
Investors seeking exposure to Bitcoin without direct cryptocurrency investment can consider stocks that act as "crypto proxies." Top picks include MicroStrategy Incorporated, Coinbase Global, and Riot Blockchain, all of which have financial performance closely tied to Bitcoin's price movements. Coinbase, as a leading exchange, benefits from increased trading volumes during Bitcoin price surges, while Riot Blockchain's valuation is significantly influenced by its Bitcoin mining operations.
IG
16:55 15.11.2024
Silicon Valley's elite are increasingly obsessed with achieving immortality, employing radical biohacking methods to extend their lives. This trend is exemplified by figures like Bryan Johnson, who promotes extreme health practices and community-focused initiatives like "Don't Die" dinners. The conversation explores the implications of these pursuits for society at large.
Dogecoin surged nearly 20% following President-elect Donald Trump's announcement of the Department of Government Efficiency, dubbed "DOGE." Led by Tesla CEO Elon Musk and Vivek Ramaswamy, the department aims to reduce government bureaucracy and waste. Since election day, Dogecoin has skyrocketed 153%, outpacing Bitcoin's 30% rise, and has become the sixth largest cryptocurrency by market cap.
Bitcoin is nearing $90,000 for the first time, trading at $89,100 after a significant rise. Analysts predict continued upward momentum, potentially reaching $100,000 by year-end, fueled by a positive regulatory environment following Donald Trump's election. Other cryptocurrencies like Ether and Dogecoin are also experiencing gains, reflecting a bullish sentiment in the market.
S&P 500 futures remained stable after stocks closed at record highs, with the index climbing approximately 4.7% during the presidential election week. The Nasdaq Composite also set a fourth consecutive record, rising 5.76% over the past week, while small-cap stocks in the Russell 2000 gained 1.5%. Notable movements included Coinbase shares surging 19% and MicroStrategy up 25%, driven by Bitcoin's rise above $80,000.
Bitcoin surged past $88,000 in a record-setting rally, boosting related stocks like MARA Holdings and MicroStrategy, which saw significant gains. Meanwhile, traditional commodities like gold faced declines, while the transportation sector thrived, with the SPDR S&P Transportation ETF hitting a fresh high. Home Depot is set to report earnings, with its stock up 17% since its last results.
Fintechs Upstart and Toast surged following strong earnings reports, with Upstart's stock jumping 46% and Toast rising 14%. Upstart's revenue increased 20% to $162 million, while Toast's adjusted earnings forecast exceeded expectations. Meanwhile, Coinbase shares soared 48% amid a favorable political climate for crypto, while Robinhood rose 27%. However, Block's stock fell slightly after disappointing revenue results.
Donald Trump has been elected the 47th president of the United States, defeating Kamala Harris, which has sparked a significant market rally. Major U.S. indexes reached all-time highs, with the S&P 500 rising 2.53%, driven by expectations of tax cuts and deregulation under Trump's administration. While Tesla shares surged due to anticipated benefits from Trump's presidency, solar stocks fell amid fears of reduced tax credits for renewable energy.
The crypto industry is poised for significant regulatory changes as the anticipated departure of SEC Chair Gary Gensler looms. Gensler, known for his stringent enforcement actions against numerous crypto firms, including Coinbase and DRW Holdings, has spearheaded a robust crackdown on the digital-asset sector.
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