Core Insights - The market is currently experiencing downward pressure, with a focus on upcoming catalysts, particularly Nvidia's earnings report, which could influence market direction [3][4]. Company Analysis Applied Materials (AAT) - AAT has shown strong performance, with a year-to-date increase of nearly 40% and a significant earnings report that exceeded expectations [5][8]. - The company has raised its guidance, now expecting equipment sales to grow by 20% in 2026, up from a previous estimate of 5% [9]. - Gross margins have improved to 54%, indicating strong demand for AI chips and memory, particularly in DRAM [10]. Citigroup (Croup) - Citigroup has reported strong revenue growth but is facing downward price pressure, attributed to broader financial sector concerns [16][18]. - The company offers a 2.16% dividend yield with a 25% payout ratio, indicating room for growth and high free cash flow [18]. - Citigroup is positioned to benefit from trends in tokenization and stable coins, which are seen as disruptive forces in the financial sector [19]. Apple - Apple is preparing for a significant consumer AI event on March 4, which could signal a breakthrough in consumer AI solutions [26][30]. - The company has seen inventory surge to $115 billion, a 51% year-over-year increase, typically indicative of major product cycles [28]. - R&D spending has reached a record 7.6% of revenue, suggesting aggressive investment in AI [29]. Technical Analysis Applied Materials (AAT) - AAT has been in an upward channel, with recent highs near 376 and a gap level around 341 that may act as support [11][12]. - The 5-day EMA is around 345, indicating potential support levels [13]. Citigroup (Croup) - Citigroup's price action has been more sideways, with notable levels around 123 as a ceiling and 113 as a recent low [21][22]. - The stock is currently trading at approximately 113.80, showing a slight increase [25]. Apple - Apple's trend is currently downward, with recent support levels around 255 and notable resistance near 267 to 276 [32][36]. - The stock is trading near 260, with significant volume areas identified between 253 to 260 [36].

We're back on Morning Trade Live. We'll get a closer look at the consumer over the next 24 hours when we get earnings from Visa and American Express. So, here is a look at the last 12 months for some of these names.Visa, AXP, Mastercard, and Capital 1, American Express, and Capital 1 are in the green over the last year. Visa and Mastercard though are modestly lower. So, let's go inside out on some of these credit card stocks.Joining us now is Rebecca Walsa, president Wals Wealth Management. So, nice to see ...

This crypto cycle should have been the biggest one ever. Large cap cryptos like BTC, ETH, and XRP hit new all-time highs, and narratives like tokenization took off. Regulation was better than ever, and investors now have easy access to crypto through spot ETFs.But despite everything seemingly going right for the industry, it looks like the buyers never showed up in size. So today, we're holding up a mirror to crypto, asking why the hypes felt so muted and tackling the question on everyone's mind. Where are ...

Greetings everyone. My name is Kathy Wood, CEO and CIO of Arc Invest. We've just uh been through one heck of a year for innovation.Uh this will be considered the year of the robo taxi. Whimo had been pro proceeding slowly. Uh but Tesla uh started in Austin in June and both Whimo and Tesla are proliferating pretty quickly now.Uh we also had a great year in terms of space exploration. Uh SpaceX made all kinds of announcements uh and is delivering service uh Starlink throughout the world. Uh but we're also lea ...

Core Insights - Major cryptocurrencies experienced declines following the Federal Reserve's latest rate cut, with Bitcoin briefly falling below $90,000 before recovering slightly [1][2] - 21 Shares launched a new spot XRP ETF, responding to increased client demand for diversified crypto exposure [8][9] Cryptocurrency Market Trends - Bitcoin fell below $90,000 but recovered shortly after, while Ether dropped over 5% to $3,174, and XRP traded just below $2 [2] - The launch of the spot XRP ETF by 21 Shares is part of a broader trend where crypto firms are expanding into prediction markets to diversify revenue streams [4][8] Company Developments - Gemini's shares surged over 20% after the company announced it received a CFTC license to offer prediction markets to US users, a process that took five years [3] - Bitwise launched a new ETF tracking 10 cryptocurrencies, including Bitcoin, Ether, and XRP, aiming to provide traditional investors with broader crypto exposure [5][6] Regulatory Environment - The regulatory landscape in the US is seen as favorable for crypto firms, with 21 Shares citing regulatory tailwinds as a reason for launching the XRP ETF [10][14] - The Clarity Act is expected to facilitate the issuance and custody of tokenized instruments on public blockchains, contributing to the growth of tokenized real-world assets [20] Future Predictions - 21 Shares predicts that global crypto ETFs will outpace the NASDAQ 100 ETF by the end of 2026, with an expected market size of $400 billion [14][15] - The firm forecasts that tokenized real-world assets will grow from $35 billion to over $500 billion in 2026, driven by regulatory advancements and institutional adoption [19][20] - Predictions for stable coin supply suggest it could reach $1 trillion by 2026, supported by increasing adoption and regulatory developments [22][24]

Core Insights - Visa Inc. is recognized as one of the most profitable stocks to buy, with a recent announcement of a pilot program that enables direct payouts to stable coin wallets [1] - The pilot program aims to provide creators and gig workers with quicker access to funds by avoiding traditional banking delays, allowing businesses to fund payouts in fiat currency while recipients can choose to receive stable coins [2] - Wall Street analysts remain optimistic about Visa's stock, with a recent Buy rating and a price target of $418 from Bernstein [3] - Visa reported fiscal Q4 2025 earnings with an 11.51% year-over-year revenue growth to $10.72 billion, exceeding estimates, and an EPS of $2.98, also surpassing expectations [4] Company Developments - The pilot program is currently in the onboarding phase with select partners, with plans for wider access anticipated by 2026 [2] - The revenue growth is attributed to a 9% increase in global payment volume and an 11% growth in cross-border volume [4] - Visa operates as an international payment technology company, facilitating secure and fast transactions across over 200 countries [4]

Group 1 - The market is reaching new highs driven by a combination of factors including AI advancements, potential Fed rate cuts, and trade deals with China [1][2] - There is uncertainty in the market, but it appears to be resilient, indicating a possible "buy the rumor, sell the news" scenario [2] - Fiscal policy is in a favorable position for regulatory changes, which could further support the growth of artificial intelligence [3] Group 2 - The current market rally is being rebranded from an "AI rally" to an "efficiency boom," highlighting the role of tokenization and stable coins in public markets [4] - The expansion of AI is seen as a key driver, but it is now part of a broader trend towards efficiency in the market [4]

Market Overview - Tech stocks are experiencing a rally driven by optimism surrounding AI, contributing to gains in major indices such as the Dow, S&P 500, and NASDAQ [1][2][3] - The Dow increased by 280 points, while the S&P 500 rose by approximately 0.5% and the NASDAQ by about 1% [1][2][3] - The Russell 2000 index showed mixed performance, primarily remaining in the red for the day [4][5] Sector Performance - The technology sector is the standout performer, with the XLK ETF up 1.3%, significantly outperforming the S&P 500 [6] - Consumer discretionary and materials sectors also showed positive movement, while real estate and utilities sectors lagged behind [6][7] - Notable tech stocks hitting record highs include Nvidia (up 5.5%), Broadcom (up 3%), and Tesla (up 2%) [7] Nvidia's Developments - Nvidia's CEO announced new partnerships at the GTC conference, including collaborations with Uber and the Department of Energy to build seven AI supercomputers [9][10] - Jensen Huang projected potential revenues of $500 billion through 2026, indicating strong demand for AI and GPU technologies [13] - Nvidia's investment in Nokia aims to enhance 5G and 6G network capabilities, showcasing its strategic focus on key technological trends [15][17] Earnings and Market Sentiment - Upcoming earnings reports from major tech companies like Microsoft, Amazon, and Alphabet are highly anticipated, with expectations for continued growth in AI-related spending [19][20] - Analysts express concerns about the sustainability of revenue growth in the face of high capital expenditures and potential overbuilding in AI infrastructure [66][70] Gold Market Dynamics - Gold prices have declined over 1.5%, reflecting typical market behavior following the Fed's interest rate cuts, with a year-to-date increase of 49% [36][37] - Major banks predict that gold prices will rise again in the future, despite current declines [38] Bitwise's New ETF Launch - Bitwise launched the first spot Solana exchange-traded product (ETP) in the US, providing investors with direct access to the Solana blockchain and staking rewards [39][40] - Solana is recognized for its high transaction speed and low costs, positioning it as a significant player in the future of digital assets [44] Amazon's Performance and Job Cuts - Amazon is expected to report a 19% growth in AWS, driven by increased AI-related demand and capacity [86][87] - The company announced 14,000 job cuts, which analysts view as part of routine adjustments rather than a sign of broader industry issues [96][98]

Summary of VersaBank Conference Call Company Overview - **Company**: VersaBank - **Industry**: Banking, specifically branchless digital banking utilizing blockchain technology - **Unique Model**: Operates in a cloud environment without direct interaction with depositors or borrowers, relying on partners for deposits and loans [1][2] Key Points and Arguments - **Interest Margin**: VersaBank averages a 2.5% spread, which is significantly higher than the Canadian banking industry average by 30-40% [2] - **Loan Losses**: The bank has successfully avoided bad loans and collection departments, which is atypical in the banking sector [2] - **National Bank License**: Achieved a national bank license in the U.S., a significant milestone as it was the first in 18 years for Canada [3] - **Point-of-Sale Lending**: Focuses on point-of-sale loans, particularly in home improvement, which has shown resilience even during economic downturns [6][8] - **Growth Strategy**: Plans to expand into the U.S. market with its point-of-sale program, which is considered a new product in the U.S. [8][9] - **Securitization Product**: Launched a securitization product in the U.S. to cater to large point-of-sale companies using asset-backed securities [9] - **AI Integration**: Developed an AI model to enhance efficiency in loan adjudication, significantly speeding up the process compared to human review [10][21] Regulatory Environment - **Stable Coins**: Discussed the regulatory landscape surrounding stable coins and how VersaBank's tokenized deposits could serve as a safer alternative [11][12] - **Regulatory Support**: Gained positive attention from U.S. regulators, indicating a welcoming environment for its innovative banking solutions [17][18] Financial Outlook - **Potential Earnings**: If VersaBank captures a portion of the USDC market, it could generate significant pre-tax income by investing in U.S. Treasuries [34][35] - **Cash Management**: The bank is adjusting cash holdback requirements based on portfolio performance, indicating a proactive approach to risk management [20][21] Additional Insights - **Cybersecurity**: Established a cybersecurity firm, DRT Cyber, to enhance security measures, led by a former BlackBerry cybersecurity expert [31][32] - **Market Positioning**: Positioned as a leader in the digital banking space, with a focus on innovative products that meet regulatory standards [19][29] - **Partnerships**: Currently working with major deposit brokers in Canada and the U.S. to secure deposits and expand its market reach [26][27] Conclusion - **Investment Opportunity**: VersaBank presents a compelling investment opportunity due to its unique business model, regulatory support, and potential for significant growth in the U.S. market [19][36]

Economic Policy and Central Banks - The Fed needs to consider reforms, particularly regarding quantitative easing (QE), which has not been stimulative and has contributed to wealth inequality [1][2] - There is a call for the Fed to allow more market functionality and to be open to changes, especially concerning stable coins and short-term markets [1][2] - The current high capital gains tax in the US is seen as detrimental to market dynamism, and lowering it could lead to increased investment and growth [1][2][3] Taxation and Growth - Tax cuts are advocated for both the US and Japan to stimulate growth, with Japan's high marginal tax rate of 45% being a concern [1][2] - The idea of a temporary capital gains tax holiday is proposed, suggesting it could lead to a windfall for the government and potentially be extended if successful [2][3] - The impact of tax policies on market behavior is highlighted, with lower tax rates leading to increased equity values as they reflect growth opportunities [2][3] Interest Rates and National Debt - The current short-term interest rates set by the Fed at 4.15% are considered too high, especially in relation to long-term rates, indicating the Fed is behind the curve [3][4] - There is a concern that the national debt is too large, which could affect the demand for dollars, but recent trends show a preference for US assets as gold prices decline [3][4] - A suggestion for a 50 basis point cut in interest rates is made, arguing that the Fed should have started cutting earlier to align with market conditions [4][5]