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Columns Bitcoin Rebounds 5%+ as Risk-On Assets Rise, Sending MicroStrategy and Other Crypto Stocks Higher
Bitcoin rallied some 5% Friday amid apparent renewed enthusiasm for risk-on assets, driving $MicroStrategy (MSTR.US)$ and other crypto-mining stocks higher as well as the sector recouped part of a recent pullback.
BTC gained 5.3% to $68,097.40 shortly before 4 p.m. ET, reportedly taking its cue from a rebound of the $Nasdaq Composite Index (.IXIC.US)$ following weakness earlier in the week.
The cryptoc...
BTC gained 5.3% to $68,097.40 shortly before 4 p.m. ET, reportedly taking its cue from a rebound of the $Nasdaq Composite Index (.IXIC.US)$ following weakness earlier in the week.
The cryptoc...
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Good afternoon, traders. It's finally Friday, July 26; the market is open, and prices are taking back some losses felt in a pullback midweek.
My name is Kevin Travers, here are stories from the herd on Wall St today.
$3M (MMM.US)$ lifted the low end of its full-year earnings outlook on Friday after reporting second-quarter results above market estimates, it flew 19%, yanking the Dow higher as the highest advancer.
$DexCom (DXCM.US)$ fell 41%,...
My name is Kevin Travers, here are stories from the herd on Wall St today.
$3M (MMM.US)$ lifted the low end of its full-year earnings outlook on Friday after reporting second-quarter results above market estimates, it flew 19%, yanking the Dow higher as the highest advancer.
$DexCom (DXCM.US)$ fell 41%,...
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Morning Movers
Gapping up
$Tesla (TSLA.US)$ The electric vehicle manufacturer's stock grew by 4.2%, adding to a substantial gain of over 25% earlier in the month.
$Blackrock (BLK.US)$ The asset management firm's shares went up by 0.4% after reporting second-quarter earnings per share of $10.36, surpassing the consensus estimate of $9.93, despite slightly lower-than-expected revenue.
$Trump Media & Technology (DJT.US)$ The Truth S...
Gapping up
$Tesla (TSLA.US)$ The electric vehicle manufacturer's stock grew by 4.2%, adding to a substantial gain of over 25% earlier in the month.
$Blackrock (BLK.US)$ The asset management firm's shares went up by 0.4% after reporting second-quarter earnings per share of $10.36, surpassing the consensus estimate of $9.93, despite slightly lower-than-expected revenue.
$Trump Media & Technology (DJT.US)$ The Truth S...
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First, understand the logic behind the rise of NVDA: The core elements that drive world economic growth vary in each era. In the agricultural era, it was cotton; in the industrial era, it was oil. Now, we are about to enter the asia vets era, and the core element of the asia vets era is chips. We are currently in the phase of transitioning from the industrial era to the asia vets era. The essence of war is to create demand through war, drive up oil prices, sell assets at high levels, let the world take over, and then build a system that controls world economic growth with chips. In other words, the rise of NVDA is orchestrated and premeditated by the financial consortium behind it, allowing the world's retail investors to take over, thus completing the sell-off. This is the underlying logic behind its rise. From the recent stock split of 1 to 10, which allows retail investors who cannot afford to buy in to enter, followed by the recent phenomenon of shareholding reductions by NVDA, Meta, Dell and other shareholders, these phenomena indicate that the tail end phase has already been reached. Looking at the recent details of the chart trends in the past few days, the single-day decline has significantly increased, but a continuous trend has not yet emerged. The focus will now be on assessing the probability of an exit based on the extent of the decline. Once the top is formed, it will be the top for the next ten years. The chip industry in the future is bound to experience a major crisis, and then complete a major asset restructuring at low levels at a low price, transferring the chips into the hands of a few people. Only then will the long bull market start. Use two charts to predict the future trends.
Translated
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Good morning mooers! Here are things you need to know about today's market:
●S&P 500 and Nasdaq close at all-time highs as traders look past jobs report signals on Monday
●Attention on AG's Report debate, Bank Negara's monetary policy meeting and Johor Plantations' IPO
●Malaysia's halal exports reached RM54bn in 2023, says Zafrul
●Stocks to watch: Maybank, Southern Cable, TNB
-moomoo News MY
Wall Street Summary
The S&P 5...
●S&P 500 and Nasdaq close at all-time highs as traders look past jobs report signals on Monday
●Attention on AG's Report debate, Bank Negara's monetary policy meeting and Johor Plantations' IPO
●Malaysia's halal exports reached RM54bn in 2023, says Zafrul
●Stocks to watch: Maybank, Southern Cable, TNB
-moomoo News MY
Wall Street Summary
The S&P 5...
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I started my journey with only MYR1000. I don't think it's enough haha. But let's see how much I can grow from here
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$SNS (0259.MY)$
will it hit historical high today?
will it hit historical high today?
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The Malaysian stock market is abuzz with opportunities arising from the data center sector, which can be broadly categorized into three segments: infrastructure construction, center operations, and computational power generation.
Among these, YTL Power's AI data center, capable of generating computational power, stands out. However, the current investment opportunities are predominantly concentrated in infrastructu...
Among these, YTL Power's AI data center, capable of generating computational power, stands out. However, the current investment opportunities are predominantly concentrated in infrastructu...
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