We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
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.
3 Crypto-Exposed Stocks to Buy on the Trump Administration's Backing
Read MoreHide Full Article
For quite some time now, big crypto companies have complained that U.S. bank regulatory authorities have been telling banks to be cautious about lending money to the crypto sector without directly asking them not to lend.
While companies like Coinbase Global, Inc. (COIN - Free Report) have been leading the charge against the regulatory bodies with litigations made in courts, it is only the Trump administration’s dovish signals to woo the sector which has been one of the biggest reasons it has rallied in recent months. Crypto-exposed stocks like Riot Platforms, Inc. (RIOT - Free Report) , Interactive Brokers Group, Inc. (IBKR - Free Report) and NVIDIA Corporation (NVDA - Free Report) are thus well-positioned to benefit in the near future.
The industry has forever lamented that existing U.S. regulations are inappropriate for cryptocurrencies and has called for public representatives and regulators to write new guidelines to regulate the market. Last Thursday, Donald Trump passed an executive order pertaining to broadening the horizon for cryptocurrency, which includes the creation of a working group responsible for proposing new digital asset regulations and exploring the creation of a national cryptocurrency stockpile. The self-proclaimed “Crypto President” also ordered that banking services for crypto companies be protected, thereby leading to massive cheer in the sector.
It is not a secret that while the erstwhile Democrat regime was crypto-skeptic and was trying to bring in further regulations to contain crypto in a way, the Trump administration is going to usher in a phase where the crypto industry will have the full backing of the institutions. Much of that euphoria has already been priced in. And yet, with the policies finally taking shape, Bitcoin (BTC) touched an all-time high price, $109,071, on Thursday, Jan. 23. However, with investors booking profit, it has come down to the $105,000 range at the time of writing this article.
Apart from volatility, one of the major reasons investors shy away from crypto is regulatory clampdown. In the Trump era, one can be confident that institutions would support the industry, and the following stocks can be looked into.
Riot Platforms is a Bitcoin mining and data center hosting company in North America. RIOT’s expected earnings growth rate for the next year is 6.2%. The company has a return on equity (ROE) of 2.2% and a current net margin of 16.7%. The company currently sports a Zacks Rank #2.
Interactive Brokers Group is a global automated electronic broker that executes, processes and trades in cryptocurrencies. IBKR’s expected earnings growth rate for the current year is 5.1%. The company has an ROE of 5% and a current net margin of 9.3%. The company currently sports a Zacks Rank #1.
NVIDIA Corporation is a graphic processing unit (GPU) designer. GPUs are necessary for running crypto data centers. NVDA’s expected earnings growth rate for the current year is 126.2%. The company has an ROE of 114.8% and a current net margin of 55.7%. The company currently carries a Zacks Rank #2.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Shutterstock
3 Crypto-Exposed Stocks to Buy on the Trump Administration's Backing
For quite some time now, big crypto companies have complained that U.S. bank regulatory authorities have been telling banks to be cautious about lending money to the crypto sector without directly asking them not to lend.
While companies like Coinbase Global, Inc. (COIN - Free Report) have been leading the charge against the regulatory bodies with litigations made in courts, it is only the Trump administration’s dovish signals to woo the sector which has been one of the biggest reasons it has rallied in recent months. Crypto-exposed stocks like Riot Platforms, Inc. (RIOT - Free Report) , Interactive Brokers Group, Inc. (IBKR - Free Report) and NVIDIA Corporation (NVDA - Free Report) are thus well-positioned to benefit in the near future.
The industry has forever lamented that existing U.S. regulations are inappropriate for cryptocurrencies and has called for public representatives and regulators to write new guidelines to regulate the market. Last Thursday, Donald Trump passed an executive order pertaining to broadening the horizon for cryptocurrency, which includes the creation of a working group responsible for proposing new digital asset regulations and exploring the creation of a national cryptocurrency stockpile. The self-proclaimed “Crypto President” also ordered that banking services for crypto companies be protected, thereby leading to massive cheer in the sector.
It is not a secret that while the erstwhile Democrat regime was crypto-skeptic and was trying to bring in further regulations to contain crypto in a way, the Trump administration is going to usher in a phase where the crypto industry will have the full backing of the institutions. Much of that euphoria has already been priced in. And yet, with the policies finally taking shape, Bitcoin (BTC) touched an all-time high price, $109,071, on Thursday, Jan. 23. However, with investors booking profit, it has come down to the $105,000 range at the time of writing this article.
Apart from volatility, one of the major reasons investors shy away from crypto is regulatory clampdown. In the Trump era, one can be confident that institutions would support the industry, and the following stocks can be looked into.
Our Choices
The stocks below flaunt a Zacks Rank #1 (Strong Buy) or Rank #2 (Buy) and positive returns and margins. You can see the complete list of today’s Zacks #1 Rank stocks here.
Riot Platforms is a Bitcoin mining and data center hosting company in North America. RIOT’s expected earnings growth rate for the next year is 6.2%. The company has a return on equity (ROE) of 2.2% and a current net margin of 16.7%. The company currently sports a Zacks Rank #2.
Interactive Brokers Group is a global automated electronic broker that executes, processes and trades in cryptocurrencies. IBKR’s expected earnings growth rate for the current year is 5.1%. The company has an ROE of 5% and a current net margin of 9.3%. The company currently sports a Zacks Rank #1.
NVIDIA Corporation is a graphic processing unit (GPU) designer. GPUs are necessary for running crypto data centers. NVDA’s expected earnings growth rate for the current year is 126.2%. The company has an ROE of 114.8% and a current net margin of 55.7%. The company currently carries a Zacks Rank #2.