Market News

Crypto Market Update: Strategy Returns to Profit in Bitcoin Rebound

Get the latest insights on Bitcoin, Ether and altcoins, along with a round-up of key cryptocurrencymarket news Here’s a quick recap of the crypto landscape for Monday (August 31) as of 10:00 a.m. UTC. Bitcoin price update Bitcoin (BTC) was priced at US$78,501.69, up by …

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Cathie Wood Goes Bargain Hunting: 3 Stocks She Just Bought

Cathie Wood is busy trying to get back on track. Most of the exchange-traded funds held by Ark Invest — where she is the co-founder, CEO, and investment manager — are underwater in the otherwise buoyant 2024. It’s not stopping her from taking big bets …

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Rubrik’s AI Security Bet Could Power the Next Leg Higher

Rubrik’s (NYSE: RBRK) stock price pulled back following its Q2 release in classic sell-the-news fashion. The earnings strength was clearly expected, as the stock had rallied about 45% over the preceding four weeks and more than 150% since its April lows. The spring and summer …

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NFLX vs. GOOGL: Which Streaming & Ad Stock Has an Edge Right Now?

Netflix NFLX and Alphabet GOOGL sit at opposite ends of the same digital attention economy, yet their businesses increasingly overlap. Netflix built its empire on subscription-funded original content, while Alphabet built its on search and video advertising through Google and YouTube. Both now chase the …

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Forget Robotaxi and Optimus: Billionaire Stanley Druckenmiller May Have Invested in Tesla for a Very Different Reason

Key Points Many Tesla bulls have high conviction about the company’s AI infrastructure efforts, Optimus and Robotaxi. For now, Optimus has yet to be deployed commercially, while Robotaxi’s growth has been uninspiring. Druckenmiller’s options may still prove profitable, as many investors are likely overlooking a …

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Crypto Market Update: Bitcoin Breaks as Hawkish Warsh Hits Fragile Derivatives Setup

Get the latest insights on Bitcoin, Ether and altcoins, along with a round-up of key cryptocurrencymarket news Here’s a quick recap of the crypto landscape for Friday (August 28) as of 10:00 p.m. UTC. Bitcoin price update Bitcoin (BTC) was priced at US$77,472.52, down by …

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Li Lu, “the Chinese Warren Buffett,” Has Invested 70% of Himalaya’s Capital in Just 2 Stocks

Key Points Li Lu was greatly influenced by Warren Buffett to become a value investor. Lu launched Himalaya Capital in 1997. Himalaya runs a very concentrated stock portfolio of seven stocks. 10 stocks we like better than Alphabet › Li Lu, the founder and chairman …

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Should SpaceX Join the “Magnificent Seven”? Here’s 1 Stock I’d Kick Out to Make Room.

Key Points When Bank of America chief investment strategist Michael Hartnett pinned the “Magnificent Seven” name on a group of megacap companies back in 2023, those giants were in fact the most dominant tech stocks in the market. In order of their market caps today, …

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Why The Fed’s Balancing Act Is Tilting in Wall Street’s Favor

Listen to the audio version of this article (generated by AI). Editor’s Note: My Investorplace colleague Louis Navellier has been watching two very important trends collide: cooling inflation and a weakening labor market. And that could put the Federal Reserve in a very interesting position. …

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Step Aside, Coca-Cola and Bank of America: There’s a New Apple of Berkshire Hathaway’s Eye, and It’s a Virtual Monopoly

Key Points Berkshire Hathaway is in uncharted territory following the retirement of Warren Buffett as CEO on Dec. 31. Although Coca-Cola remains a foundational puzzle piece for Berkshire, the same can’t be said of Bank of America. Abel has been purchasing shares of a virtual …

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