Canaan Inc. (NASDAQ:CAN) Q3 2023 Earnings Call Transcript
Friday, December 1, 2023 1:37 PMCanaan Inc. (NASDAQ:CAN) Q3 2023 Earnings Call Transcript November 28, 2023 Canaan Inc. misses on earnings expectations. Reported EPS is $-0.41 EPS, expectations were $-0.3. Operator: Ladies and gentlemen, thank you for standing by and welcome to Canaan Inc.’s Third Quarter 2023 Earnings Conference Call. At this time, all participants are in listen-only mode. After […]
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Three Stocks That Can Rise If The Fed Starts Cutting Rates In 2024
Friday, December 1, 2023 1:35 PMCurrent fed fund futures, which speculate on the direction of the federal funds rate, price in additional hikes at a probability under 1.5%, per CME FedWatch. Viewed as a disruptive growth company, Peloton relies on debt to fuel that growth, negatively impacted by the high interest rate environment. Based on 24 analyst inputs pulled by Nasdaq, PTON stock is a “buy.” The average PTON price target is $7.54 vs the current $5.90. In this intermediary position, Upstart generates revenue through platform fees, referral fees, and service fees for lenders. In this intermediary position, Upstart generates revenue through platform fees, referral fees, and service fees for lenders.
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Solana Price Breaches $60 Amid a Symphony of Bullish Indicators
Friday, December 1, 2023 1:34 PMSolana price has jumped more than 8% over the past week, breaching the important level of $60. The asset’s monthly inflows were higher at $40.2 million, lower than Ethereum’s $99.6 million inflows in the same period. Solana Price OutlookThe daily chart shows that the Solana price has been maintaining enough momentum for further price increases in the future. Therefore, the Solana price will likely continue to trade higher in the ensuing sessions as buyers gather momentum to push the price higher to this year’s high at $68. However, if the breach fails and bearish momentum picks up, the Solana price could decline toward the immediate support at $51.30.
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Is Bitcoin a good Christmas present?
Friday, December 1, 2023 1:33 PMTraditional gifts like gadgets, clothes, and jewelry remain popular options, but a more unconventional yet potentially rewarding option could be Bitcoin (BTC). However, as prices rise, the market can become overextended, leading to a bear market where prices fall and investor sentiment becomes negative. The final phase of the cycle is ‘Red Year’ when the price of Bitcoin will reach its all-time high and then crash. If you’re considering gifting Bitcoin investment to a loved one for Christmas, it might be prudent to accompany it with a detailed card explaining the currency’s potential. Otherwise, they might regret purchasing pizza or Christmas sweets with your present.
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Bitcoin December 1 daily chart alert - BC bulls flex their muscles
Friday, December 1, 2023 1:28 PMDisclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.
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BTC/USD Forecast: Look Hesitant
Friday, December 1, 2023 1:26 PMIn the broader context, adopting a "buy on the dips" strategy appears to be the most prudent course of action. Bitcoin demonstrated a mixed performance during the Thursday trading session, leaving market participants oscillating between bullish aspirations and concerns of potential overextension. Nonetheless, the momentum in the cryptocurrency market has undeniably surged ahead of itself, prompting a need for a cautious approach. Chasing rapid price movements in the cryptocurrency market has proven to be risky, considering Bitcoin's recent $8,000 surge over just a few weeks. (Click on image to enlarge)More By This Author:EUR/USD Forecast: Getting StretchedCrude Oil Forecast: Markets Continues To Look To UpsideGold Forecast: December 2023
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Libel: Britain’s scariest libel firm can pursue anyone, anywhere
Friday, December 1, 2023 1:23 PMBritish libel cases routinely cost hundreds of thousands of pounds to defend, and London’s top libel lawyers command rates of more than £500 per hour. In recent years British libel lawyers have expanded their target range to include bloggers, booksellers, social-media users, whistleblowers and even government regulators. In 2013 Britain’s Parliament enacted sweeping reforms to libel law aimed at levelling the playing field between claimants and defendants. “I didn’t know [British libel law] was so different [from Sweden’s].”A City of London law firm agreed to represent her pro bono. The technical advantages that English libel law offers to claimants remain untouched, as do libel lawyers’ astronomical fees.
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Ways To Diversify And Hedge Portfolios, Regardless Of Economic Climate
Friday, December 1, 2023 1:18 PMInvesting in physical precious metals can be an excellent strategy to diversify your portfolio. However, buying gold and knowing when to buy gold can be tricky for investors who are unfamiliar. It may be wise to consider purchasing gold during periods of calm or temporary stabilization when the long-term outlook for gold remains positive. Oftentimes, firms that specialize in gold IRAs and other gold investment paths are the safest bets, and they typically offer storage options. The company specializes in helping individuals and families diversify and hedge their wealth through tangible precious metals.
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Matrixport Report: Bitcoin Price to Hit $125,000 by End of 2024
Friday, December 1, 2023 1:15 PMAccording to Matrixport, Bitcoin would rise close to its current all-time high by April, and hit $125K by end of 2024. Matrixport’s latest report predicts that the price of Bitcoin (BTC) will hit $125,000 by the end of 2024. Matrixport Forecast Uses Historical Bitcoin PatternsMatrixport’s projection puts Bitcoin at $63,140 by April 2024 and $125,000 by year-end. Furthermore, Matrixport predicts potential interest rate cuts by the Federal Reserve, which could propel Bitcoin to new highs in 2024. Filings for spot Bitcoin ETFs by major financial entities like BlackRock and Grayscale signal increased institutional attention and investor confidence in digital assets.
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