[ad_1] Investors are bracing themselves for a rollercoaster ride as Bitcoin, the flagship digital asset, navigates through choppy waters. Recent data from Glassnode has revealed a noteworthy development: the Realized Profit/Loss Ratio for Bitcoin has dipped below one. This crucial metric, which compares the sell value of Bitcoin with the price at which it was bought, indicates that investors are currently realizing more losses than profits. Historically, such a dip has often heralded a potential bottoming out of Bitcoin’s price, serving as a vital signal for market watchers. Sense Of Optimism Despite Bitcoin Price Decline The past 24 hours have…
Author: Sanjayananda
[ad_1] Image source: Getty Images I sold my shares in Lloyds (LSE: LLOY) recently and have invested some of the proceeds in M&G (LSE: MNG). This will increase my stake in the global investment manager, which I prefer over the bank for three key reasons. Growth prospects Lloyds’ 2023 results showed statutory profit after tax increased 41% — to £5.5bn from £3.9bn in 2022. However, much of this jump in profitability came from a high net interest margin (NIM). This is the difference between the interest it receives on loans and the rate it pays for deposits. Market expectations are…
[ad_1] With U.S. stock futures trading lower this morning on Tuesday, some of the stocks that may grab investor focus today are as follows:Wall Street expects Bank of America Corporation BAC to report quarterly earnings at 77 cents per share on revenue of $25.46 billion before the opening bell, according to data from Benzinga Pro. Bank of America shares fell 0.1% to $35.91 in after-hours trading.My Size, Inc. MYSZ disclosed a 1-for-8 reverse stock split. My Size shares jumped 10.3% to $0.4760 in the after-hours trading session.Analysts are expecting Morgan Stanley MS to post quarterly earnings at $1.66 per share…
[ad_1] Image source: Getty Images I’m a big fan of dividend income. Not because I want to spend it on one-off treats but, instead, I like to use it to buy more shares. Take Kingfisher (LSE:KGF) as an example. It’s the parent company of B&Q and Screwfix. The group sells everything from sheds to kitchens. On Monday (15 April), a £20,000 investment (ignoring stamp duty and broker’s fees) would have bought me 8,025 shares. The declared dividend for its financial year ended 31 January (FY24) is 12.40p. Assuming this is repeated for the next 10 years, and I used the…
[ad_1] In the lead-up to the ‘halving’ event, Crypto.com CEO Kris Marszalek anticipates a surge in Bitcoin BTC/USD sales. This event, expected to significantly boost Bitcoin’s price over time, is predicted to occur around Apr. 20.What Happened: The ‘halving’ event decreases the new supply of Bitcoin and has historically been a positive influence on prices. However, there are uncertainties about a repeat performance, considering that Bitcoin already reached a record high in mid-March, reported Bloomberg.Marszalek proposed that as the ‘halving’ date nears, there could be a rise in selling due to ‘buy-the-rumor, sell-the-news’ trading. Despite this, he is confident that…
[ad_1] Image source: Getty Images Today (16 April) is the last day on which passive income hunters can buy Thungela Resources (LSE:TGA) shares and qualify for its final dividend for the year ended 31 December 2023 (FY23). The final payout for the year is ZAR10 (South African Rand), which is the same as the interim payment. However, all dividends from the company are subject to withholding tax at 20%. This means the total amount received by UK shareholders for FY23 will be 66.44p a share. Despite the deduction, the stock’s presently yielding a very impressive 10.6%. Not to everyone’s taste…
[ad_1] Johnson & Johnson JNJ is set to release earnings results for its first quarter before the opening bell on April 16, 2024.Analysts expect the New Brunswick, New Jersey-based company to report quarterly earnings at $2.64 per share, up from $2.41 per share in the year-ago period. Johnson & Johnson is projected to report quarterly revenue of $21.40 billion, compared to $24.75 billion in the year-earlier quarter, according to data from Benzinga Pro.Rallybio recently announced a collaboration with Johnson & Johnson to support the development of complementary therapeutic approaches aimed at reducing the risk of fetal and neonatal alloimmune thrombocytopenia…
[ad_1] On Monday, the leading U.S. stock indices experienced declines, as the Dow Jones Industrial Average concluded the day 0.65% below at 37,735.11, while the S&P 500 dipped 1.2% to 5,061.82. Similarly, the Nasdaq closed the session with a decrease of 1.8% at 15,885.02.These are the top stocks that gained the attention of retail traders and investors throughout the day:Trump Media & Technology Group Corp DJTThe stock tumbled by 18.35% to close at $26.61, with an intraday high and low of $29.76 and $26.25 respectively. This comes after the company, which is behind Donald Trump’s Truth Social platform, filed a…
[ad_1] David Lawant, Head of Research at FalconX, a digital assets prime brokerage with trading, financing, and custody for leading financial institutions, recently offered an analysis on X (formerly Twitter) regarding the evolving role of Bitcoin halvings in market dynamics. This analysis challenges the traditional view that halvings directly and significantly affect Bitcoin’s price, instead highlighting a broader economic and strategic context that might be influencing investor perceptions and market behavior more profoundly. The Miner’s Diminishing Impact On Bitcoin Price Lawant begins by addressing the changing impact of Bitcoin miners on market prices. He presents a detailed chart comparing the total…
[ad_1] The global investment bank Morgan Stanley has recently released a list of top “alpha” stocks in the Asia-Pacific region, which includes a South Korean bank with a potential 28% upside.What Happened: Morgan Stanley’s list of alpha stocks, released on Apr. 9, includes companies from the Asia-Pacific region, excluding Japan. These stocks, with a market capitalization exceeding $5 billion, were evaluated based on factors such as quality, value, and sentiment, reported CNBC. One of the top-ranked stock ideas on the list is Hana Financial Group, a South Korean commercial bank. The bank has received an overweight rating from Morgan Stanley,…