Group 1 - Bitcoin has surged past $120,000, marking its return to this level for the first time since reaching a historical high seven weeks ago, driven by its perception as a safe-haven asset amid market turmoil [1] - The recent inflow into Bitcoin ETFs has reached $1.5 billion this week, indicating a market attempt to catch up with the recent impressive gains of gold [1] - Other cryptocurrencies have also seen significant gains, with Ethereum rising over 2.7%, Solana up 5.7%, and Dogecoin increasing by 4.7% [1] Group 2 - The market structure for Bitcoin is showing signs of a long-awaited "breakout," with strong buying pressure despite previous selling pressure, indicating a potential for rapid price increases once selling pressure is alleviated [2] - Historically, October has been a strong month for Bitcoin, with nine out of the last ten years recording price increases, suggesting a seasonal trend that may influence market expectations [2]

Core Insights - The article presents a comparison between two YieldMax single stock-based option ETFs, specifically focusing on MARA and Nvidia, despite their fundamental differences [1]. Group 1: Company Analysis - The YieldMax MARA Option Income Strategy ETF is highlighted as a key subject of analysis, indicating its relevance in the current investment landscape [1]. - Nvidia is mentioned as a contrasting entity to MARA, suggesting a diverse approach to investment strategies within the ETF space [1]. Group 2: Analyst Background - The analyst has over 20 years of experience in quantitative research, financial modeling, and risk management, emphasizing a strong foundation in equity valuation and market trends [1]. - The analyst's previous role as Vice President at Barclays involved leading teams in model validation and stress testing, showcasing expertise in both fundamental and technical analysis [1]. - The collaboration with a research partner, who is also the analyst's spouse, indicates a combined effort to deliver high-quality, data-driven insights [1].

Company Performance - Marathon Digital Holdings, Inc. (MARA) closed at $18.61, reflecting a +1.92% increase from the previous day, outperforming the S&P 500's daily gain of 0.34% [1] - Over the last month, the company's shares have increased by 13.7%, significantly surpassing the Finance sector's gain of 1.52% and the S&P 500's gain of 3.54% [1] Upcoming Financial Results - Marathon Digital Holdings, Inc. is projected to report earnings of -$0.21 per share, indicating a year-over-year growth of 44.74% [2] - The consensus estimate forecasts revenue of $250.62 million, representing a 90.36% growth compared to the same quarter of the previous year [2] Annual Financial Estimates - For the annual period, the Zacks Consensus Estimates predict earnings of -$0.17 per share and revenue of $997.68 million, reflecting shifts of -109.88% and +52%, respectively, from the last year [3] Analyst Estimates and Market Sentiment - Recent modifications to analyst estimates for Marathon Digital Holdings, Inc. reflect the latest short-term business trends, with positive changes indicating a favorable outlook on business health and profitability [4] - The Zacks Rank system, which incorporates estimate changes, currently ranks Marathon Digital Holdings, Inc. at 3 (Hold) [6] Industry Context - The Financial - Miscellaneous Services industry, part of the Finance sector, has a Zacks Industry Rank of 72, placing it in the top 30% of over 250 industries [7] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7]

Economic Indicators - US MBA mortgage applications fell by -12.7% in the week ended September 26, with the purchase mortgage sub-index down -1.0% and the refinancing sub-index down -20.6% [1] - The September ISM manufacturing index rose +0.4 to a 7-month high of 49.1, exceeding expectations of 49.0 [6] - The September ADP employment change unexpectedly fell by -32,000, marking the largest decline in 2.5 years, while August was revised lower to -3,000 from +54,000 [5] Market Reactions - Stocks initially moved lower due to the US government shutdown, but later recovered, with the S&P 500 and Nasdaq 100 reaching new all-time highs [2][4] - The dollar index fell to a one-week low, while gold prices climbed to a record high amid risk-off sentiment [2] - Rising corporate earnings expectations are a bullish backdrop for stocks, with over 22% of S&P 500 companies providing guidance for Q3 earnings that are expected to beat analysts' expectations [8] Sector Performance - Pharmaceutical stocks rallied, with AstraZeneca closing up more than +9% and Eli Lilly up more than +8%, driven by hopes from Pfizer's deal with the US government [15] - Chipmakers and AI-infrastructure stocks also saw gains, with Super Micro Computer closing up more than +9% and Micron Technology up more than +8% [16] - Grocery retailers declined after Amazon announced a new private-label food brand, leading to Dollar Tree and Dollar General closing down more than -4% and -3% respectively [22] Upcoming Economic Data - Weekly initial unemployment claims are expected to increase by +7,000 to 225,000, and August factory orders are expected to rise by +1.4% month-over-month [9] - September nonfarm payrolls are anticipated to increase by +51,000, with the unemployment rate expected to remain unchanged at 4.3% [9]

Core Viewpoint - Bitcoin's price surged nearly 3% to over $117,000, while Ethereum rose over 4% to $4,308.8, indicating a strong upward trend in the cryptocurrency market [1] Cryptocurrency Market Performance - Bitcoin increased by nearly 3% to surpass $117,000 [1] - Ethereum experienced a rise of over 4%, reaching $4,308.8 [1] - Cryptocurrency-related stocks also saw significant gains, with Strategy (MSTR.US) up over 6%, MARA Holdings (MARA.US) up over 5%, CleanSpark (CLSK.US) up over 4.9%, Sharplink Gaming (SBET.US) up over 5%, and Coinbase (COIN.US) up over 3% [1] Regulatory Developments - The U.S. Treasury is preparing to officially relax a proposed rule that would impose a 15% tax on unrealized Bitcoin gains held by companies like Strategy under the Corporate Alternative Minimum Tax (CAMT) [1] - The CAMT legislation requires large corporations to pay a minimum tax based on their financial statement income [1] - Current accounting standards require companies to value their cryptocurrency holdings at market value, leading to taxation on unrealized gains even if the assets are not sold [1] - Companies such as Strategy and Coinbase previously communicated with the Treasury, arguing that taxing unrealized gains on digital assets is unfair and could force U.S. companies to sell assets to meet tax obligations, putting them at a competitive disadvantage globally [1]

We recently published 10 Stocks With 10-60% Upside. MARA Holdings, Inc. (NASDAQ:MARA) is one of the top performers on Monday. MARA Holdings grew its share prices by 15.69 percent on Monday to end at $18.66 apiece as investor sentiment was boosted by an overall optimism for the Bitcoin industry, with a company chief executive projecting it to grow past the $200,000 level. During the session, MARA Holdings, Inc. (NASDAQ:MARA) climbed alongside its peers, namely Riot Platforms, CleanSpark, and Galaxy Digita ...

加密货币概念股普涨，嘉楠科技涨超13%，CleanSpark涨超12%，Riot Platforms涨超9%，Circle、 Robinhood、MARA Holdings涨约8%，Coinbase涨超5%。消息面上，比特币突破11.4万美元，现涨近 2%；以太坊涨超1.4%，报4190美元。(格隆汇) ...

Core Insights - Mining companies, such as MARA Holdings, Cipher Mining, and TeraWulf, have shown significant gains despite a 1% dip in Bitcoin prices, indicating a divergence from typical market behavior [2][4]. Group 1: Mining Companies Performance - Major mining companies have performed well over the past month, even as Bitcoin prices have decreased [2]. - The dynamics of Bitcoin mining mean that when prices drop, competition decreases, allowing mining companies to accumulate more Bitcoin [5][6]. Group 2: Investment Strategies - Some mining companies adopt strategies similar to Bitcoin treasury companies, purchasing Bitcoin directly from the market during downturns to enhance their reserves [6]. - MARA Holdings has announced a $2 billion stock offering aimed at acquiring more Bitcoin, showcasing a proactive approach to capitalizing on market conditions [6]. Group 3: Market Dynamics - The mining process becomes less attractive when Bitcoin prices fall, but this allows mining companies to stockpile Bitcoin until prices recover [5]. - The volatility of cryptocurrencies suggests that mining companies may be less affected by market fluctuations compared to other crypto-related businesses [7].

We recently published 10 Big Names Investors Are Dumping. MARA Holdings, Inc. (NASDAQ:MARA) is one of the companies that heavily bled in Thursday’s trading. MARA Holdings, Inc. (NASDAQ:MARA) declined for a third straight day on Thursday, shedding 8.90 percent to finish at $16.07 apiece, as investors sold off positions following the drop in prices of Bitcoin. As of writing, Bitcoin—highly sensitive to macroeconomic trends—slashed 3.66 percent of its value to $109,181 apiece. Traders appeared to have parke ...

Company Performance - Marathon Digital Holdings, Inc. (MARA) closed at $16.07, reflecting an 8.9% decline from the previous day, underperforming the S&P 500 which fell by 0.5% [1] - Over the past month, shares of the company have increased by 11.29%, outperforming the Finance sector's gain of 1.4% and the S&P 500's gain of 2.74% [1] Earnings Projections - The upcoming EPS for Marathon Digital is projected at -$0.21, indicating a 44.74% increase compared to the same quarter last year [2] - The Zacks Consensus Estimate for revenue is $267.05 million, representing a 102.85% increase from the year-ago period [2] Fiscal Year Estimates - For the entire fiscal year, the Zacks Consensus Estimates project earnings of -$0.17 per share and revenue of $1.02 billion, reflecting changes of -109.88% and +56.01% respectively from the prior year [3] Analyst Forecast Revisions - Recent revisions to analyst forecasts for Marathon Digital are important as they indicate changing business trends, with positive revisions suggesting analyst optimism regarding the company's profitability [4] Zacks Rank System - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), has shown a proven track record of outperformance, with 1 stocks returning an average of +25% annually since 1988 [6] - Currently, Marathon Digital Holdings, Inc. holds a Zacks Rank of 3 (Hold), with no changes in the Zacks Consensus EPS estimate over the past month [6] Industry Context - The Financial - Miscellaneous Services industry, part of the Finance sector, has a Zacks Industry Rank of 68, placing it in the top 28% of over 250 industries [7] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7]