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CNBC’s Jim Cramer suggested Monday that home improvement retailer Home Depot could function as a secular cyclical stock, growing regardless of business cycles and thriving when the economy is strong.”Their hybrid model works,” he says. “The company’s long-term nature allows it to weather cyclical pain, so even if the Fed doesn’t move quickly enough to cut rates, Home Depot will still win.”Lower interest rates tend to improve the housing market, which usually bodes well for housing stocks like Home Depot.But Kramer first identified four “long-term trends” that are driving Home Depot’s success in the current economic environment, including a lack…
The crypto market is so unpredictable that it is difficult to predict Bitcoin prices, Ethereum prices, WallitIQ (WLTQ), and Solana prices. On the other hand, if Donald Trump wins the US presidential election, his policies on crypto regulation could bring major changes to the crypto industry, perhaps for the better. WallitIQ (WLTQ) leads a new era of investing Securing transaction fees is a concern. But WallitIQ (WLTQ) alleviates that stress by allowing users to cover these fees directly from their own assets. WallitIQ (WLTQ)’s ability to cover gas fees helps simplify cryptocurrency exchanges, so users can focus on trading and…
Caitlin Long is calling for urgent reforms to the Department of Government Efficiency (DOGE), which are being proposed amid regulatory challenges. Long warned that deep budget cuts could cause an economic recession and called for a focus on “gross product” rather than GDP. After Musk’s proposal, Dogecoin’s price rose 7%, driven by a bullish “golden cross” pattern in technical analysis. Elon Musk’s recent proposal to cut at least $2 trillion from the US federal budget has garnered a lot of attention, including from the crypto industry. Caitlin Long, CEO of Custody Bank, a financial institution focused on providing cryptocurrency businesses,…
The tech giant’s cloud strategy has been successful in capturing AI demand. Shares of storied technology company Oracle (ORCL -0.63%) have had a great year. The stock hit a 52-week low of $99.26 last December before starting to rise in 2024. Just a few weeks ago, the stock hit an all-time high of $178.61. Oracle originally became famous for its database software. Currently, the company is focusing on cloud computing, which is driving the stock price up significantly. why? The cloud is an ideal place for artificial intelligence (AI) because AI requires large amounts of data and computing power. With…
It happened again. Bitcoin price exceeded $70,000 for the first time since June.The largest cryptocurrency by market capitalization rose 3% on the day to $70,100, according to CoinGecko data.This asset rally comes as investors are turning their attention back to newly approved exchange-traded funds (ETFs), offering a regulatory boost to institutional investors who were previously too cautious to buy assets on exchanges. This will provide an avenue for exposure to cryptocurrencies.Investors poured billions of dollars into new investment vehicles this month following a hiatus earlier this year.These products are so popular that they sold more than $20 billion this year.…
Bitcoin soared to $70,000 earlier in the week, but it was DOGECOIN that grabbed all the attention as DOGE rose 10% on another Elon meme Bitcoin (BTC) soared on Monday, hitting a three-month high in the $70,000 range and within about 5% of its highest since March at $73,500. Source: Brave New Coin Bitcoin Liquid Index Dogecoin (DOGE) soared 10% following President Donald Trump’s rallying cry during a campaign event. Elon Musk, an ally of the Trump campaign, has proposed creating a “Department of Government Efficiency,” conveniently abbreviated as DOGE, to reduce U.S. government spending. Musk later fueled the meme-fueled…
The price of XRP has been in the spotlight following the transfer of $51 million worth of XRP by a cryptocurrency whale. This development provides a bullish outlook for the coin, considering that this category of investors can influence the price as they accumulate more XRP. XRP price may rise due to whale movement XRP price could rise as whales move to transfer $51 million worth of XRP. On-chain data shows that a transfer of 100 million XRP ($51.6 million) occurred between two unknown wallets. This is bullish as the transfer was not on an exchange as it suggests that…
In a notable transaction, an XRP whale moved a whopping 100 million XRP tokens. The move sparked speculation about the deal’s potential impact on Ripple’s native token price. Meanwhile, analysts remain optimistic about the future trajectory of XRP price. XRP whale makes big move According to data from Whale Alert, XRP whales transferred 100 million tokens worth approximately $51.6 million between unknown wallets. This move was made between two wallets, so the impact on the market is unknown. Even if whales sell their holdings from the market, there will be no consequences. However, if a deal is subsequently made to…
Digital asset management firm CoinShares said institutional investors poured nearly $1 billion into crypto products last week. In its latest digital asset fund flow report, CoinShares said institutional inflows into crypto investment products surged last week, reaching a net $901 million. “Digital asset investment products saw inflows of US$901 million, making this month’s inflows accounting for 12% of total assets under management, making it the fourth largest inflow month on record.” Total inflows this year are now: This amounted to US$27 billion, almost three times the record inflow of US$10.5 billion in 2021. ” Source: CoinShares/Digital Asset Fund Weekly Flow…
Monday’s Biggest S&P 500 Movers 51 minutes ago progressive Shares of Albemarle (ALB), the world’s largest lithium producer, rose 5.0%, securing the S&P 500’s best performance of the day. Late last week, the U.S. government approved a new lithium mining project in Nevada operated by an Australian-based competitor. Ionia (IONR). Analysts say the first lithium mine greenlit under the Biden administration marks a significant step forward for U.S. ambitions to expand domestic lithium production and reduce dependence on China for key components of EV batteries. He said it shows. Hopes for easing tensions in the Middle East led to a…