We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
The Zacks Analyst Blog Highlights Cboe Global Markets, NVIDIA and Block
Read MoreHide Full Article
For Immediate Release
Chicago, IL – December 11, 2023 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Cboe Global Markets, Inc. (CBOE - Free Report) , NVIDIA Corp. (NVDA - Free Report) and Block Inc. (SQ - Free Report) .
Here are highlights from Friday’s Analyst Blog:
3 Stocks to Buy as Bitcoin Breaches the $44K Price Mark
Since its inception, Bitcoin (BTC) has been the leading light in the world of cryptocurrency. It has dominated the markets and has been the market-leading cryptocurrency by a country mile. However, since reaching the $60,000 price mark in 2021, it was on a freefall till it hit rock bottom at $20,000. The good news is it is making rapid strides again and breached the $44,000 mark on Tuesday, Dec 5.
This optimism about BTC has been centered around many top investment firms from the traditional marketplace starting to file for U.S. Securities Exchange Commission ("SEC") approval of their Bitcoin ETFs. Investors are currently anticipating a spot Bitcoin ETF approval by the SEC as early as the first half of 2024. Many believe this could pave the way for a surge in institutional investment in the crypto sector.
The focus has also shifted to what the Fed's monetary policy will be in 2024. Currently, it is highly anticipated that the Fed will hold the interest rates at their current level in its Dec 13 meeting and start bringing it down sometime in first-quarter 2024. With interest rates coming down and investors getting more speculative, riskier asset classes like cryptocurrencies are well-positioned to benefit. In addition, the scheduled Bitcoin "halving" in April 2024 will slash the number of mined Bitcoins in what is expected to be a booming market for the benchmark crypto coin, thereby raising its price even further.
As of date, the price of the crypto behemoth has risen more than 150% in 2023 and constitutes 51.3% of the entire crypto market. Currently, it is on a steady march to cross the $50,000 level, and because of the factors mentioned above, it is expected to get further traction. In such an environment, it might be prudent to track stocks that are exposed to or directly linked to Bitcoin. Here are our choices.
Cboe Global Markets, Inc. is an options exchange marketplace that also engages in the business of digital currency, including Bitcoin. As a digital asset trader, it operates as an exchange and futures marketplace. CBOE's expected earnings growth rate for the current year is 9.4%. The Zacks Consensus Estimate for its current-year earnings has improved 3.7% over the past 60 days. CBOE currently carries a Zacks Rank #1 (Strong Buy).
NVIDIA Corp. is a semiconductor industry giant and one of the biggest success stories of 2023. Being leading designers of graphic processing units (GPUs), Nvidia stocks usually soar with a booming crypto market because GPUs are pivotal for data centers, artificial intelligence and Bitcoin and altcoin mining.NVDA's expected earnings growth rate for the current year is 264.4%. The Zacks Consensus Estimate for its current-year earnings has improved 13.3% over the past 60 days. NVDA currently carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank stocks here.
Block Inc. is an online digital and mobile payment platform for consumers and merchants. Users of Block's platforms can buy, sell, send and receive Bitcoin. In addition, SQ's platforms allow developers to build decentralized finance applications to run on programmable blockchains.SQ's expected earnings growth rate for the current year is 90%. The Zacks Consensus Estimate for its current-year earnings has improved 17.3% over the past 60 days. SQ currently carries a Zacks Rank #2.
Why Haven't You Looked at Zacks' Top Stocks?
Since 2000, our top stock-picking strategies have blown away the S&P's +6.2 average gain per year. Amazingly, they soared with average gains of +46.4%, +49.5% and +55.2% per year. Today you can access their live picks without cost or obligation.
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Shutterstock
The Zacks Analyst Blog Highlights Cboe Global Markets, NVIDIA and Block
For Immediate Release
Chicago, IL – December 11, 2023 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Cboe Global Markets, Inc. (CBOE - Free Report) , NVIDIA Corp. (NVDA - Free Report) and Block Inc. (SQ - Free Report) .
Here are highlights from Friday’s Analyst Blog:
3 Stocks to Buy as Bitcoin Breaches the $44K Price Mark
Since its inception, Bitcoin (BTC) has been the leading light in the world of cryptocurrency. It has dominated the markets and has been the market-leading cryptocurrency by a country mile. However, since reaching the $60,000 price mark in 2021, it was on a freefall till it hit rock bottom at $20,000. The good news is it is making rapid strides again and breached the $44,000 mark on Tuesday, Dec 5.
This optimism about BTC has been centered around many top investment firms from the traditional marketplace starting to file for U.S. Securities Exchange Commission ("SEC") approval of their Bitcoin ETFs. Investors are currently anticipating a spot Bitcoin ETF approval by the SEC as early as the first half of 2024. Many believe this could pave the way for a surge in institutional investment in the crypto sector.
The focus has also shifted to what the Fed's monetary policy will be in 2024. Currently, it is highly anticipated that the Fed will hold the interest rates at their current level in its Dec 13 meeting and start bringing it down sometime in first-quarter 2024. With interest rates coming down and investors getting more speculative, riskier asset classes like cryptocurrencies are well-positioned to benefit. In addition, the scheduled Bitcoin "halving" in April 2024 will slash the number of mined Bitcoins in what is expected to be a booming market for the benchmark crypto coin, thereby raising its price even further.
As of date, the price of the crypto behemoth has risen more than 150% in 2023 and constitutes 51.3% of the entire crypto market. Currently, it is on a steady march to cross the $50,000 level, and because of the factors mentioned above, it is expected to get further traction. In such an environment, it might be prudent to track stocks that are exposed to or directly linked to Bitcoin. Here are our choices.
Cboe Global Markets, Inc. is an options exchange marketplace that also engages in the business of digital currency, including Bitcoin. As a digital asset trader, it operates as an exchange and futures marketplace. CBOE's expected earnings growth rate for the current year is 9.4%. The Zacks Consensus Estimate for its current-year earnings has improved 3.7% over the past 60 days. CBOE currently carries a Zacks Rank #1 (Strong Buy).
NVIDIA Corp. is a semiconductor industry giant and one of the biggest success stories of 2023. Being leading designers of graphic processing units (GPUs), Nvidia stocks usually soar with a booming crypto market because GPUs are pivotal for data centers, artificial intelligence and Bitcoin and altcoin mining.NVDA's expected earnings growth rate for the current year is 264.4%. The Zacks Consensus Estimate for its current-year earnings has improved 13.3% over the past 60 days. NVDA currently carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank stocks here.
Block Inc. is an online digital and mobile payment platform for consumers and merchants. Users of Block's platforms can buy, sell, send and receive Bitcoin. In addition, SQ's platforms allow developers to build decentralized finance applications to run on programmable blockchains.SQ's expected earnings growth rate for the current year is 90%. The Zacks Consensus Estimate for its current-year earnings has improved 17.3% over the past 60 days. SQ currently carries a Zacks Rank #2.
Why Haven't You Looked at Zacks' Top Stocks?
Since 2000, our top stock-picking strategies have blown away the S&P's +6.2 average gain per year. Amazingly, they soared with average gains of +46.4%, +49.5% and +55.2% per year. Today you can access their live picks without cost or obligation.
See Stocks Free >>
Media Contact
Zacks Investment Research
800-767-3771 ext. 9339
support@zacks.com
https://www.zacks.com
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.