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Stop making moves because of false tells, says Jim Cramer
Youtube· 2026-02-03 01:23
Don't be fooled. Not everything is bad. Stop making moves because of false tells.Things that mean nothing or things that look negative but are actually positive when you do a little digging and some thinking. If you let yourself get shaken, you're liable to miss terrific moves like today where the Dow jumped 515 points. This be gain.54 and NASDAQ climbed.56.Worst, you're passing up chances to buy great stocks at lower prices. If you just want to forget about the averages, think about individual stocks. Why ...
Stocks Climb as Solid US Manufacturing News Bolsters Economic Optimism
Yahoo Finance· 2026-02-02 21:43
Economic Outlook - The partial US government shutdown has dampened investor sentiment, but a funding deal may be approved soon as the House returns from a break [1] - Signs of weakness in China's economy are bearish for global growth, with the Shanghai Composite Index falling over -2% and manufacturing PMI dropping to 49.3, indicating contraction [2] - The US manufacturing index rose +4.7 to 52.6, the strongest expansion in over 3.25 years, boosting optimism about the economic outlook [4][5] Market Performance - Stock indexes closed higher on Monday, with the S&P 500 up +0.54%, Dow Jones up +1.05%, and Nasdaq up +0.73% [6] - Chip makers and AI infrastructure stocks saw significant gains, with Sandisk closing up more than +15% after a buy recommendation [13] - Airline stocks rose over +4% due to falling crude prices and positive manufacturing activity [14] Earnings Reports - Q4 earnings season is underway, with 78% of the 167 S&P 500 companies that reported beating expectations, and S&P earnings growth expected to rise +8.4% [8] - Major companies reporting include Advanced Micro Devices, Amgen, and PepsiCo among others [21] Cryptocurrency and Energy Sector - Cryptocurrency stocks retreated as Bitcoin fell over -7%, leading to significant liquidations of long positions [3][16] - Energy producers faced pressure as WTI crude oil prices dropped by more than -4%, impacting companies like Diamondback Energy and Occidental Petroleum [15] Interest Rates and Bonds - The 10-year T-note yield rose to 4.269%, influenced by strong manufacturing data and comments from Atlanta Fed President Raphael Bostic regarding interest rate policy [10][11]
Opera Shares Jump After MiniPay Wallet Adds Support for Tether's USDT
Yahoo Finance· 2026-02-02 21:02
Opera’s aggressive pivot into the crypto space paid off in the markets on Monday, with shares climbing nearly 18% following the integration of Tether’s USDT into its MiniPay wallet. The Oslo-based company saw its stock jump from an opening price of $12.42 to $14.87 earlier Monday after announcing that users can now hold and transfer the world's largest stablecoin, alongside the gold-pegged token Tether Gold. Opera's shares finished the day trading at $14.10, still showing a more than 13% rise on the day. ...
Opera Stock Jumps 17% After Expanding Tether Tokens Support in MiniPay Wallet
Yahoo Finance· 2026-02-02 20:58
Core Insights - Opera Limited's shares increased by nearly 17% following the announcement of deeper support for Tether's stablecoin and gold tokens in its MiniPay mobile wallet [1][5] - The partnership aims to enhance the use of USDT and introduce XAU₮0, a gold-backed token, targeting users in underbanked regions such as Africa, Latin America, and Southeast Asia [2][4] Financial Performance - Opera's fourth-quarter 2025 revenue is projected to exceed $170 million, surpassing previous guidance of $162 to $165 million, leading to a full-year revenue of over $608 million, which represents a growth of over 26% compared to 2024 [6] - The company's market capitalization reached approximately $1.30 billion following the stock surge [5] User Engagement and Growth - MiniPay has processed 350 million transactions since its launch in late 2023 and currently serves over 12.6 million activated wallets [2] - In December 2025, MiniPay users completed over 3.5 million peer-to-peer payments and moved more than 96 million USDT, with a 33% increase in unique USDT buyers from November [3] Analyst Sentiment - Analysts maintain a "Moderate Buy" consensus rating for Opera, with an average price target of $23.50, indicating a potential upside of approximately 62% from current trading levels [7] - The dual announcements position Opera to leverage growth in crypto-based payments and expand commercial partnerships [7]
Can XRP Benefit From Artificial Intelligence?
Yahoo Finance· 2026-02-02 20:35
Core Viewpoint - The investment in XRP is contingent on the XRP Ledger (XRPL) becoming a fundamental component of financial transactions, with artificial intelligence (AI) potentially influencing this outcome [1]. Group 1: AI's Potential Impact on XRP - XRPL is designed for fast and low-cost transaction settlements, which can meet the regulatory compliance needs of financial institutions [2]. - If AI agents begin to manage real money and utilize blockchains, XRP's infrastructure is already equipped to support such transactions [3][4]. Group 2: Limitations of AI Integration with XRP - Despite the technical possibility for XRP to benefit from AI transactions, it is not currently a significant part of the investment thesis due to low transaction fees, which may not drive price increases even with high transaction volumes [5]. - The rise of AI in finance may complicate compliance, which could hinder the deployment of AI solutions. XRP's compliance features are not specifically tailored for AI, and financial institutions may need to revamp their internal compliance before fully adopting AI [6]. - Ripple, the issuer of XRP, is not currently focusing on AI-related developments, instead prioritizing services related to stablecoins and tokenized assets [7].
X @The Block
The Block· 2026-02-02 20:24
Bitcoin's price slide pushes most miner rigs into the red https://t.co/wXyIbDYVDq ...
X @Crypto.com
Crypto.com· 2026-02-02 20:17
Name a project roadmap so solid it should be a blueprint for the industry ...
X @Trust Wallet
Trust Wallet· 2026-02-02 20:10
10M+ $TRX in gas saved by Trust Wallet users on @trondao in January 👀That’s ~35% more value kept in users’ pockets.Trust Wallet users stay winning (exactly how it should be). https://t.co/AyF96JhxbLTrust Wallet (@TrustWallet):We’ve made sending USDT on @trondao up to 40% cheaper!Trust Wallet now automatically optimizes gas:⚡ Up to 40% lower TRON gas fees💰 Works for both TRX & USDT gas🔒 100% self-custodialTry it on Mobile or Extension → https://t.co/o2jAG75rGA https://t.co/SgKaPmTXaU ...
Prosecutors warn new law lets crypto firms profit from fraud
Yahoo Finance· 2026-02-02 19:38
I’ve been watching Tether and Circle celebrate Washington’s new stablecoin rulebook, and then I saw New York’s top prosecutors try to rip the shine off it. In a warning that’s now circulating through policy circles, they argue the law that was supposed to “de-risk” dollar tokens may also make it easier for issuers to sit on disputed funds, and even earn on them, while victims fight to get paid back. Related: Largest crypto exchange announces surprising plan after Bitcoin crashes GENIUS Act stablecoin fr ...
Analyst warns Bitcoin could drop to $60K next
Yahoo Finance· 2026-02-02 19:25
For people like me who are in crypto, weekends are no longer enjoyable. One move, one comment, one decision, and our entire portfolio can turn red. Last weekend, crypto investors globally saw the market nosedive to all-time lows. Bitcoin plunged to the 70's zone, dropping close to $74,000, about 40% drop from its all time highs. At press time, it was trading at $78,244.45 Analysts have also started factoring in bear market conditions while giving price predictions. Bernstein, however, is seeing light a ...