Veteran Wall Street investor Ross Gerber’s recent comments compared Bitcoin to gold, suggesting a promising future for the cryptocurrency. Gerber’s firm holds significant investments in Bitcoin, reflecting their confidence. This positive outlook contrasts with other investors’ skepticism about Bitcoin’s valuation. Bitcoin’s impressive 135% year-to-date surge underscores its allure as an alternative investment, although risks remain.
Cathie Wood’s Ark Invest recently reduced its holdings in Coinbase and Shopify, selling $1.8 million and $3.7 million worth of shares respectively. Coinbase’s Q3 earnings showed a revenue miss, while Shopify continues its growth trajectory. Ark Invest also made other trades, buying shares in Futu Holdings and Tempus AI, while selling shares in Adaptive Biotechnologies Corp and Pacific Biosciences of California Inc. These moves reflect the firm’s active portfolio management in a volatile market.
Nucor Corporation’s (NUE) Q4 guidance shows lower-than-expected EPS ($0.55-$0.65 vs. $0.86 consensus) due to reduced steel volumes and prices. Despite recent stock buybacks and strong prior results, the premarket price dropped 1.51% to $122.29. Investors can access NUE through ETFs like SLX and FXZ.
Wall Street analysts upgraded several major companies, including Ecolab, Zimmer Biomet, Cloudflare, Quest Diagnostics, and Tesla. These upgrades reflect positive sentiment and increased price targets, suggesting a bullish outlook on the future performance of these stocks. However, remember that investing always involves risk.
Bitcoin’s price exceeding $100,000 contrasts sharply with New York City’s modest real estate growth. Bitcoin’s volatility versus real estate’s stability highlights the risk/reward trade-off for investors. The emergence of Bitcoin ETFs increases accessibility for retail investors. Experts like Michael Saylor and Eric Trump offer differing perspectives on the future of these asset classes.
Monday’s market saw mixed results, with the Dow down 0.25%, Nasdaq up 1.2%, and S&P 500 up 0.4%. The Fed’s upcoming rate decision and recent inflation data create uncertainty. Several stocks made headlines, including Red Cat Holdings (+26.97%), IonQ (+23.19%), Broadcom (+11.21%), and Tesla (+6.14%), while NVIDIA dropped slightly. Market volatility continues amidst economic uncertainty and interest rate expectations.
Bitcoin briefly surged past $106,000 before settling near $104,000. Analysts predict further growth but disagree on the rally’s longevity. Predictions range from a correction to a strong parabolic rally post-Trump’s inauguration. Long-term bullish predictions for 2025 cite regulatory clarity and political factors as positive catalysts.
Wall Street veteran Dennis Gartman expressed skepticism towards Bitcoin’s recent record-breaking run, preferring gold due to its established history as a store of value. He compared Bitcoin’s rise to past speculative bubbles and emphasized gold’s centuries-long track record. Despite his pessimism, Gartman stated he won’t short Bitcoin. His opinion contrasts with Bitcoin’s substantial year-to-date gains, which significantly outpace those of gold.
Twelve large-cap stocks significantly outperformed last week, led by Broadcom’s 25.22% jump on strong Q4 results. Other notable performers included Ciena, YPF, Warner Bros. Discovery, and Tesla. These gains reflect positive company performance, analyst upgrades, and market optimism.
UBS analysts predict continued stock market growth in 2025, citing strong corporate performance, robust cash flow, and economic stability. They dismiss concerns about a downturn, pointing to the increased influence of tech companies and manageable borrowing costs. Bank of America shares this optimistic outlook, forecasting the S&P 500 to reach 6,666 by year-end 2025.
