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Bitcoin and Ether fall with crypto top 10 as Fed raises rates 75 bps
Bitcoin and Ether fell in Thursday morning trading in Asia along with all other top 10 cryptocurrencies by market capitalization, excluding stablecoins, as the U.S. Federal Reserve announced a fourth consecutive rate hike of 75 basis points on Wednesday. Leading memecoins. Dogecoin and Shiba Inu token saw the heaviest losses after several days of significant gains following Elon Musk’s purchase of social media platform Twitter Inc.
[url][/url][tag]https://finance.yahoo.com/news/markets-bitcoin-ether-fall-crypto-004321748.html [/tag]
Berkshire Could Take a Big Storm Hit.
Berkshire Hathaway BRK.B –0.33% could suffer losses of $3 billion from Hurricane Ian and other weather events in the third quarter, but investors are apt to be more focused on the company’s investment activity.
Berkshire Hathaway (ticker: BRK/A, BRK/B) reports its third-quarter earnings on Saturday. This reflects CEO Warren Buffett’s distinctive view that Saturdays are an ideal time for earnings reports because shareholders have time to digest the news before trading resumes on Monday.
The Cost of a Blue Check: Eight Bucks a Month
Elon Musk spent part of Tuesday brokering his new plan that has Twitter users paying a monthly fee for their verification, or blue checks, as a way to “pay the bills somehow.”
After negotiating an $8 monthly price with horror fiction author Stephen King on the platform (Musk reportedly had considered a $20 monthly fee, which King complained about in a tweet earlier on Tuesday, and then Musk made the lower offer), Musk tweeted out a sales pitch on the idea in the early afternoon.
Airbnb: Tailwinds Will Become Headwinds
Airbnb (NASDAQ:ABNB) provides a marketplace for short-term rentals which has witnessed a surge in demand over the past few years. Consumer spending power is declining rapidly and a softening of labour markets is likely to reduce the amount of remote work. A normalization of demand for short-term rentals will pressure Airbnb's growth and profit margins and it is not clear that this has been priced into the stock. Airbnb estimate that their serviceable addressable market is currently 1.5 trillion USD, and that their total addressable market is 3.4 trillion USD.
[url][/url][tag]https://seekingalpha.com/article/4551104-airbnb-tailwinds-will-become-headwinds [/tag]
Cipher Mining currently has 247,518,966 outstanding shares. With Cipher Mining stock trading at $1.15 per share, the total value of Cipher Mining stock (market capitalization) is $284.65M.
Cipher Mining stock was originally listed at a price of $9.90 in Oct 20, 2020. If you had invested in Cipher Mining stock at $9.90, your return over the last 2 years would have been -88.38%, for an annualized return of -65.92% (not including any dividends or dividend reinvestments).
What is SDIG's Earnings Growth Forecast For 2022-2024?
Stronghold Digital Mining's forecast annual earnings growth rate of N/A is not forecast to beat the US Capital Markets industry's average forecast earnings growth rate of 9.98%, and while it is not forecast to beat the US market's average forecast earnings growth rate of 19.79%.
Stronghold Digital Mining's earnings in 2022 is -$40,243,461.On average, 2 Wall Street analysts forecast SDIG's earnings for 2022 to be -$6,279,791, with the lowest SDIG earnings forecast at -$7,245,912, and the highest SDIG earnings forecast at -$5,313,669. On average, 2 Wall Street analysts forecast SDIG's earnings for 2023 to be -$11,593,459, with the lowest SDIG earnings forecast at -$32,365,074, and the highest SDIG earnings forecast at $9,178,155.
In 2024, SDIG is forecast to generate -$15,941,007 in earnings, with the lowest earnings forecast at -$15,941,007 and the highest earnings forecast at -$15,941,007.
Berkshire Hathaway stock currently has no buy point in sight, BRKB has just reclaimed its 50-day moving average, a bullish sign. It is now trying to reach its longer-term 200-day line. Berkshire stock currently sits 1.5% below this level. The relative strength line was choppy after a strong start to 2022, but is perking up again. This gauges a stock's performance compared to the broader S&P 500. Its Relative Strength Rating of 71 means it has outperformed 71% of stocks in terms of price performance over the past 12 months.
BRKB stock is fractionally negative since the start of 2022. This is better than the S&P 500's decline of nearly 19% over that period however. All-around performance is not ideal. This is reflected in its IBD Composite Rating of 73 out of 99.
Berkshire Hathaway stock currently has no buy point in sight, BRKB has just reclaimed its 50-day moving average, a bullish sign. It is now trying to reach its longer-term 200-day line. Berkshire stock currently sits 1.5% below this level. The relative strength line was choppy after a strong start to 2022, but is perking up again. This gauges a stock's performance compared to the broader S&P 500. Its Relative Strength Rating of 71 means it has outperformed 71% of stocks in terms of price performance over the past 12 months.
BRKB stock is fractionally negative since the start of 2022. This is better than the S&P 500's decline of nearly 19% over that period however. All-around performance is not ideal. This is reflected in its IBD Composite Rating of 73 out of 99.
Elon Musk closes $44bn deal to buy Twitter
World’s richest man dismisses top executives as he exerts controls over influential social network. Elon Musk has closed his $44bn deal to take Twitter private, according to three people familiar with the matter, bringing an end to one of the most high-profile and dramatic buyout sagas in recent memory after months of legal wrangling between the world’s richest man and the social media platform.
The bird is freed,” Musk tweeted.
It concludes an acquisition that has been both unpredictable and unprecedented, and puts Musk, a self-described “free-speech absolutist”, at the helm of a platform that is popular among global politicians and relied on by millions of users around the world for news.
[url][/url][tag]https://www.bbc.com/news/technology-63402338 [/tag]
Marathon Digital Holdings Inc (MARA) Stock Getting a Bullish Rating
Marathon Digital Holdings Inc (MARA) stock has risen 26.74% over the past week and gets a Bullish rating. MARA stock is higher by 0.33% while the S&P 500 is down -0.28% on Thursday, Oct 27. MARA has risen $0.05 from the previous closing price of $13.79 on volume of 12,041,163 shares. Over the past year the S&P 500 is down -16.50% while MARA is down -73.82%. MARA lost -$1.98 per share in the over the last 12 months.
Thanks for the advice !! Much appreciated
Cipher Mining Inc (CIFR) stock is down -86.64% over the last 12 months, and the average rating from Wall Street analysts is a Hold. CIFR stock a score of 29 out of a possible 100.That rank is primarily influenced by a long-term technical score of 7. CIFR's rank also includes a short-term technical score of 15.Cipher Mining Inc (CIFR) stock is higher by 40.75% while the S&P 500 is down -0.72% as of 2:58 PM on Wednesday, Oct 26. CIFR is higher by $0.34 from the previous closing price of $0.83 on volume of 2,086,934 shares. Over the past year the S&P 500 is lower by -16.25% while CIFR is down -86.64%. CIFR lost -$0.47 per share in the over the last 12 months.
(TOST) Stock to Rise After It Is Up 25.56% in a Month
Wall Street is positive on Toast Inc (TOST). On average, analysts give TOST a Buy rating. The average price target is $29.166, which means analysts expect the stock to climb by 33.73% over the next twelve months. That average ranking earns TOST an Analyst Rating of 32, which is better than 32% of stocks. Toast Inc (TOST) stock is trading at $21.81 as of 3:24 PM on Tuesday, Oct 25, a rise of $1.19, or 5.77% from the previous closing price of $20.62. The stock has traded between $20.87 and $21.94 so far today. Volume today is below average. So far 3,200,923 shares have traded compared to average volume of 5,319,744 shares.
(TOST) Stock to Rise After It Is Up 25.56% in a Month
Wall Street is positive on Toast Inc (TOST). On average, analysts give TOST a Buy rating. The average price target is $29.166, which means analysts expect the stock to climb by 33.73% over the next twelve months. That average ranking earns TOST an Analyst Rating of 32, which is better than 32% of stocks. Toast Inc (TOST) stock is trading at $21.81 as of 3:24 PM on Tuesday, Oct 25, a rise of $1.19, or 5.77% from the previous closing price of $20.62. The stock has traded between $20.87 and $21.94 so far today. Volume today is below average. So far 3,200,923 shares have traded compared to average volume of 5,319,744 shares.
Technology Stocks Moving Up and Down Wednesday: OLB, RUM, CTS, EMAN, MANH, ONDS
OLB Group Inc (OLB) stock is trading at $1.10, a gain of $0.11, or 11.14%, on high volume. The OLB Group, Inc. gets a Sentiment Score of Bullish and receives an average analyst recommendation of Strong Buy with a price target of $5.00. The OLB Group, Inc. next reports earnings on November 11.
One advantage of exchange-traded funds like SPY is diversification in a single purchase. An S&P 500 ETF like SPY spreads your investment over at least 500 of the largest U.S. companies. The diversification comes is handy when the stock market gets rocky, as it has been in 2022
Bitcoin’s price today is US$19,113.96, with a 24-hour trading volume of $27.02 B. BTC is -1.37% in the last 24 hours. It is currently -3.58% from its 7-day all-time high of $19,823.91, and 0.99% from its 7-day all-time low of $18,926.46. BTC has a circulating supply of 19.19 M BTC and a max supply of 21 M BTC.
Twitter had the potential to set this kind of standard, but took a more centralized path, Dorsey tweeted when first announcing the project. Bluesky began working to fill that role, and Dorsey eventually joined Bluesky's board in February this year after leaving Twitter in 2021.And on Tuesday, after three years of behind-the-scenes work, Bluesky announced its new Authenticated Transfer (AT) protocol. The AT protocol is a "federated" network, which allows servers to communicate with each other, similar to email, Bluesky says. Rather than one site running the network, there can be many sites.
According to 1 Wall Street analyst that have issued a 1 year CIFR price target, the average CIFR price target is $1.50, with the highest CIFR stock price forecast at $1.50 and the lowest CIFR stock price forecast at $1.50.
The Wall Street analyst predicted that Cipher Mining's share price could reach $1.50 by Oct 10, 2023. The average Cipher Mining stock price prediction forecasts a potential upside of 70.26% from the current CIFR share price of $0.88.
Bitcoin Added to the Guinness Book of World Records as the 'First Decentralized Cryptocurrency'
Since 1955 Guinness World Records (GWR) has published a reference book annually that covers world records from extreme natural events to human achievements. This year, Bitcoin has entered the fray as the world’s first and most valuable cryptocurrency network as GWR has added the subject to this year’s annual records. Satoshi Nakamoto’s cryptocurrency and blockchain network, Bitcoin, has received a number of accolades over the years, and it’s been recognized by mainstream media sources and traditional mediums. For instance, in 2016, the word “bitcoin” was added to the Merriam-Webster Unabridged Dictionary, and two years later it entered the Scrabble lexicon. This year, Guinness World Records (GWR) has given recognition to Satoshi Nakamoto’s invention as bitcoin is considered the “first decentralized cryptocurrency.
MARA opened at $11.07 on Thursday. The company has a quick ratio of 4.02, a current ratio of 4.02 and a debt-to-equity ratio of 1.11. Marathon Digital has a 1-year low of $5.20 and a 1-year high of $83.45. The firm has a market capitalization of $1.29 billion, a price-to-earnings ratio of -5.54 and a beta of 5.13. The stock has a fifty day simple moving average of $12.27 and a 200 day simple moving average of $12.33.
Interactive Brokers rose 2.6% in the premarket after the company’ reported a 73% jump in net interest income and a 3% rise in commission revenue fro the quarter.
The power equipment maker released preliminary third-quarter results that fell below Wall Street forecasts. Generac said residential sales were pressured during the quarter, and its largest clean-energy customer ceased operations and filed for bankruptcy. Generac tumbled 16.8% in the premarket.
The power equipment maker released preliminary third-quarter results that fell below Wall Street forecasts. Generac said residential sales were pressured during the quarter, and its largest clean-energy customer ceased operations and filed for bankruptcy. Generac tumbled 16.8% in the premarket.
FISV Earnings Haven't Escaped The Attention Of Investors
Fiserv certainly has been doing a good job lately as it's been growing earnings more than most other companies. It seems that many are expecting the strong earnings performance to persist, which has raised the P/E. If not, then existing shareholders might be a little nervous about the viability of the share price. If we review the last year of earnings growth, the company posted a terrific increase of 82%. The strong recent performance means it was also able to grow EPS by 31% in total over the last three years. Therefore, it's fair to say the earnings growth recently has been superb for the company.
FISV Earnings Haven't Escaped The Attention Of Investors
Fiserv certainly has been doing a good job lately as it's been growing earnings more than most other companies. It seems that many are expecting the strong earnings performance to persist, which has raised the P/E. If not, then existing shareholders might be a little nervous about the viability of the share price. If we review the last year of earnings growth, the company posted a terrific increase of 82%. The strong recent performance means it was also able to grow EPS by 31% in total over the last three years. Therefore, it's fair to say the earnings growth recently has been superb for the company.
NVDA -6.13% shares are trading lower by 5.33% to $113.22 during Friday's session.
Shares of several companies in the broader technology sector, including Nvidia, are trading lower amid a rise in treasury yields, which has pressured growth stocks. U.S. indices are also lower for the session as stocks give up gains following yesterday's rally as investors continue to weigh concerns over inflation.
The 10-year U.S. Treasury yield hit an intraday high of 4.006% Friday morning before dipping to around the 3.979% level. When interest rates rise, the value of future cash flows is reduced for growth stocks like Tesla, which in turn lower the value of the stock.
Navitas Recognized as Industry-Leading Sustainability Company
Navitas’ mission is to ‘Electrify Our World™’ using gallium nitride (GaN) and silicon carbide (SiC) technology to accelerate the transition from 80% fossil-fuel sources of electricity and uses, to 80% renewable sources and electrical uses.
[url][/url][tag]https://finance.yahoo.com/news/navitas-recognized-industry-leading-sustainability-123000085.h[/tag]
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The company retains a Market Volatility (i.e., Beta) of -0.3811, which attests to possible diversification benefits within a given portfolio. Green Battery Minerals exposes twenty-seven different technical indicators, which can help you to evaluate its performance.[url][/url][tag]https://www.macroaxis.com/performance/GBMIF/Green-Battery-Minerals[/tag]
Phoenix Global (PHB) is a next-generation blockchain that builds scalable and smart consumer apps. Phoenix Global (PHB) is consumer-driven and is built to empower enterprises, since the blockchain technology supports the rapid development of decentralized consumer apps and utilizes DA pps to enhance customer experience.
Phoenix Global (PHB) is a next-generation blockchain that builds scalable and smart consumer apps. Phoenix Global (PHB) is consumer-driven and is built to empower enterprises, since the blockchain technology supports the rapid development of decentralized consumer apps and utilizes DA pps to enhance customer experience.