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Bull Market Corrections: What to Know & What to Do
Zacks Investment Research· 2024-04-16 19:41
Equity Markets are the Master ManipulatorWhy do most active investors lose money over time? The answer is recency bias. Recency bias is the tendency for investors to emphasize recent events and price action when sizing up the market and making trading decisions. Nowhere else is the psychological phenomena of recency bias more on display than on Wall Street. When stocks pull back after an extended bullish move, investors flip on a dime, thinking the worst is ahead and a major bearish market correction loom.W ...
2 Reasons to Buy Coinbase Stock Like There's No Tomorrow
The Motley Fool· 2024-04-13 20:41
Coinbase's valuation looks sky-high, but there's more to the story than meets the eye. Dig into two game-changing details below.At first glance, Coinbase Global (COIN -6.56%) looks like a terrible investment right now.The stock price has more than tripled in 52 weeks. The cryptocurrency exchange operator's shares trade at the lofty valuation of 103 times free cash flows and 950 times earnings. I mean, it's enough to make even seasoned growth investors reach for the smelling salt.Many investors won't look an ...
2 Trillion Dollar Companies in the Making
The Dog of Wall Street· 2024-04-13 15:30
2 Trillion Dollar Companies in the MakingOne thing for certain about these two companies is that I see the potential in how they can grow. Mike Sakuraba graduated with double major of English and Economics. Part time writer, part time investor, full time dad. Mike loves writing about technology, sports, and investing.2 Trillion Dollar Companies in the MakingThese articles are always fun to write. They’re wildly speculative and likely long shots to come true. When I say these companies have the potential to ...
3 Stocks to Turn $10,000 Into $1 Million: April 2024
InvestorPlace· 2024-04-12 17:35
The market is going through a rough patch. Inflation came in hot for the month of March at an annualized rate of 3.5%, dashing hopes for interest rate cuts in the near-term. Excluding volatile food and energy prices, core inflation increased by 3.8% from a year ago in March, well above the U.S. Federal Reserve’s 2% annualized target. Futures markets don’t expect the central bank to start cutting interest rates until September of this year, and for there to only be two rate cuts by Dec. 31. So what’s an inve ...
Breakout Alert: Coinbase's Consolidation Is About To End
MarketBeat· 2024-04-12 13:45
Key PointsCoinbase shares have been consolidating their gains for the past month.But with Bitcoin on the verge of breaking out, expectations are increasing for Coinbase to do the same. The stock isn’t without its risks, however, and there are some reasons to be cautious.5 stocks we like better than Coinbase GlobalThere's no denying that equities are a strong market right now. The benchmark S&P 500 index has been powering to high after high since before Christmas, and there are increasing signs of the Fed be ...
Coinbase's Stock Price Just Exploded. Time to Buy?
The Motley Fool· 2024-04-12 09:45
Shares of this top crypto enterprise have been on a phenomenal run.You'd struggle to find a better performing stock in recent times than Coinbase (COIN 4.79%). Shares of the digital-asset brokerage and exchange have skyrocketed 626% since the start of 2023, as they benefit from renewed interest in Bitcoin and the equities market.The momentum for Coinbase has carried over into 2024, as it's up almost 50% just this year (as of April 8). This top cryptocurrency stock just exploded. Is it time for you to buy sh ...
All-Time High Flyers: 7 Stocks to Buy as the Market Peaks
InvestorPlace· 2024-04-11 16:17
If you’re wondering which stocks to buy in April, here’s a good place to start. The stock market is off to a difficult start in the second quarter. With the timing of interest rates getting pushed out further, the major averages have turned downwards. Since peaking on March 28, the benchmark S&P 500 index has declined nearly 2%. The dip has some on Wall Street wondering aloud if we’re at or close to the market’s peak and now entering what could be a steep selloff. Many analysts say a pullback is overdue wit ...
Coinbase to trounce consensus estimates after Bitcoin surge - analysts
Proactive Investors· 2024-04-10 18:10
About this content About Josh Lamb After graduating from the University of Kent in the summer of 2022 with a degree in History, Josh joined Proactive later that year as a journalist in the UK editorial team. Josh has reported on a range of areas whilst at Proactive, including energy companies during a time of global crisis, aviation and airlines as the sector recovers from the pandemic, as well as covering economic, social and governance issues. Read more About the publisher Proactive financial news and ...
Coinbase Stock Has 25% Upside, According to 1 Wall Street Analyst
The Motley Fool· 2024-04-10 06:00
The cryptocurrency stock has surged this year.Analysts at JMP Securities firmed up their view of cryptocurrency exchange Coinbase (COIN -5.46%) on Tuesday, noting now there is less room for error for the company. Nevertheless, JMP Securities maintained its "outperform" rating and boosted its price target to $320. That new price target represents potential upside of 25% from the stock's Apr. 8 closing price.Riding Bitcoin higherShares of Coinbase have surged this year as Bitcoin has rallied nearly 70% so far ...
Coinbase's Secret Growth Driver in 2024
The Motley Fool· 2024-04-09 09:35
Bitcoin ETFs have exploded in 2024 and Coinbase has a big business behind the scenes.Trading will get a lot of attention from Coinbase (COIN 6.68%) investors this year, but there's an even more sustainable business that's growing like crazy. In this video, Travis Hoium shows why ETFs are the product to watch this year at Coinbase.*Stock prices used were end-of-day prices of April 4, 2024. The video was published on April 7, 2024. ...