Well it finally happened traders. The Bitcoin bulls in our live trading rooms have made a fuss for over a year about the potential of it reaching the lofty 100k price target that crypto enthusiasts have touted in the lead up to this Bitcoin halving event. Now the charts and sentiment have lined to illuminate […]
Silver Spike Investment Corp. (NASDAQ:SSIC), a cannabis-focused specialty finance company, announced Wednesday its financial results for the year ending December 31, 2023.  Quarter Ended 12/31/2023 Financial Highlights Net investment income of $1.7 million, or $0.28 per share compared to $1.6 million, $0.26 per share in the previous quarter. Investment portfolio of $54.1 million at fair […]
HSBC Global Research analyst Saul Martinez revised ratings on several banks on incrementally positive stance on super regionals banks. The analyst expects the banks in their coverage to show improved net interest income (NII), generate healthy recovery in adjusted EPS growth and operating leverage in 2025, and boost share buybacks in 2025 and beyond.  Notably, the […]
When Weibo Corp (NASDAQ: WB) reported mixed fourth-quarter results, the recovery in its advertising revenues was softer than anticipated in 2023. The company now seems headed for incremental sales and margin pressure this year, according to Goldman Sachs. The Weibo Analyst: Timothy Zhao downgraded the rating for Weibo from Buy to Neutral, while reducing the […]
Traders in our live trading room have been clamoring about this one back in 2023 during it’s first run, traders. The 2024 rally was powered by Carvana quieting bankruptcy worries that attracted short selling bears. Now CVNA traders are putting shorts through the squeeze of their life pal! Don’t miss the next one! – Tommy […]
Lundin Mining Corp (OTC: LUNMF) shares were climbing in early trading on Wednesday. The company is a defensive name with strong cash flows in the near term, while being leveraged to copper prices in the longer term, according to BMO Capital Markets. The Lundin Mining Analyst: Jackie Przybylowski upgraded the rating for Lundin Mining from Market […]
Royal Gold Inc (NASDAQ: RGLD) announced its second-quarter dividend. Following the slight underperformance of the stock, its valuation appears “more compelling,” given the latest commodity price assumptions, according to BMO Capital Markets. The Royal Gold Analyst: BMO Capital’s Jackie Przybylowski upgraded the rating for the Denver-based company from Market Perform to Outperform, while raising the […]
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PagSeguro Digital Ltd (NYSE: PAGS) shares were rising Tuesday morning. There appeared to be “several cyclical and secular tailwinds” that should drive the company’s revenue and earnings growth between 2024 and 2026, according to Evercore ISI. The PagSeguro Digital Analyst: Sheriq Sumar upgraded the rating for PagSeguro Digital from In-Line to Outperform, with a price […]
Shares of Nasdaq Inc (NASDAQ: NDAQ) were under pressure last week, following a secondary offering of its shares by Borse Dubai. Following several years of repressed growth, the company’s earnings trajectory is poised to accelerate in 2025 and 2026, according to Goldman Sachs. The Nasdaq Analyst: Alexander Blostein upgraded the rating for Nasdaq from Neutral […]