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Showing posts with the label stock

Tesla (TSLA) Key Levels to Watch in April as Stock Looks to End 30% Drop

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There is no denying that Tesla (TSLA) has emerged as one of the most interesting stock stories to watch this year. The EV manufacturer has struggled throughout the year, with Tesla showing some key levels to watch for investors in April as shares look to reverse their 30% drop this year. The company had struggled for much of the first three months of 2025. However, it has had days of notable price increases, including Wednesday. The stock jumped more than 5%, as all eyes were back on the automobile company despite a market-wide downturn connected to US President Donald Trump’s increased tariff plan. Source: Finance Magnates Also Read: Tesla Stock: April 2025 Price Prediction (TSLA) Tesla: What to Watch For This Month as Stock Faces Crucial April There are few companies that were hit harder on Wall Street this year than Tesla. The Elon Musk-led firm is currently down more than 25% year to date after what was a notable resurgence for shares on Wednesday. Amid the increased volatilit...

Walmart Stock (WMT) Rises After Dropping Affirm (AFRM)

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Walmart Stock (WMT) closed out Monday’s trading session up 2.47% following its announcement of dropping Affirm for Klarna as its new “buy now, pay later” service. Affirm stock (AFRM) correspondingly fell 4.2% following the announcement, with shares dropping as much as 15.8% as the market opened. Klarna will be available via finance app OnePay at online and physical checkouts of Walmart, according to a statement on Monday. “This is a game changer,” said Klarna’s chief executive officer Sebastian Siemiatkowski. The deal gives Klarna access to the big box retailer’s millions of customers and a new avenue of expansion in the US. For Walmart, the announcement is the latest in a line of improvements the retail giant is trying to make to build on a successful 2024. Klarna is a growing platform, with the Stockholm-founded digital payments company’s revenue climbing 24% last year. With both companies coming off great years, the move was only right. Walmart and Klarna Climb Foll...

MicroStrategy makes largest ever Bitcoin buy

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Under Michael Saylor’s leadership, MicroStrategy (NASDAQ: MSTR) has become the publicly-traded company that has most closely tied its prospects to leading cryptocurrency Bitcoin (BTC). The business is the largest corporate holder of Bitcoin — and there are no signs to indicate that its accumulation strategy is slowing down. With the bull market already in full swing and BTC set to cross the $100,000 threshold any time soon, MSTR shares have benefited greatly. Chart detailing MicroStrategy’s Bitcoin accumulation. Source: Bitcoin Archive on X Saylor and MicroStrategy keep doubling down and purchasing BTC regardless of market conditions — but for now, it obviously seems to be working, as the accumulation strategy is outpacing even the most fervent miners — more to the point, it’s actually outperforming BTC itself. At press time, one Bitcoin was worth $97,930,000 — after a 46% rally on the monthly chart that has brought YTD gains up to 132.03%. ...

Cloudflare Stock Set for 27% Growth in 2024: Is NET a Buy Now?

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With tech-related stocks continuing to surge, Cloudflare (NET) is on pace for 27% growth in 2024, as it looks to become a key stock option for traders. To this point, the stock is up 12.7% year-to-date (YTD), but is still underperforming throughout the year. Currently, investors are awaiting any insight into a reversal from the sluggish trajectory. The cloud-based network company has become a key leader in security and reliability. With companies like Microsoft (MSGT) and Amazon (AMZN) investing heavily in the industry, its growth is viewed as a certainty. Moreover, Cloudflare is a company with immense potential that is only matched by its lofty ambitions. Source: Investors Business Daily Also Read: Goldman Sachs Sets New Price Target For Nvidia Stock Cloudflare Growth is Present but Sluggish: Is NET Still an Option? As previously stated, cloud computing has surged in popularity in recent years. Amazon Web Services and Microsoft Azure have become leaders in the space. Moreover, they ha...

Bitcoin falls to $62k as crypto mirrors stocks crash

Bitcoin price dropped to its lowest level since mid-July with a dip to near $62k on August 1. Stocks also plummeted as investors reacted to latest economic data and geopolitical tensions in the Middle East. Bitcoin price crashed 10% to trade to near $62k on Thursday as August began on a painful footing for crypto currencies and stock s. On August 1, the global cryptocurrency market cap fell to $2.3 trillion amid an overall 5.7% dump. BTC fell to lows of $62,300 across major crypto exchanges. The declines also hit Ethereum, which traded to lows of $3k and Solana that retreated sharply to touch $160. XRP, Dogecoin and Pepe also experienced sharp declines. Why did Bitcoin, crypto prices fall today? Losses across the crypto market came as the stock market nosedived, with the Dow Jones Industrial Average shedding more than 600 points and the S&P 500 falling 1.5%. According to CNBC, the bloodbath across stock s follows fresh investor jitters around possibl...

Bitcoin holds steady as DXY advance hurts stocks

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Bitcoin rose to $26,820 on Wednesday, trading in the opposite direction to stocks as the Dollar Index hit a 10-month high. An easing for the DXY could see Bitcoin price strengthen above the $26k base. Bitcoin (BTC) defied a surge for the Dollar Index (DXY) on Wednesday, spiking to above $26,820 in early US trading hours. The gains for the benchmark cryptocurrency buoyed the altcoin market, with several tokens seeing decent moves to push the total market cap up by about 1.5%. But as the DXY, which measures the greenback’s strength against a basket of other major currencies, hit highs of 106.83 for its highest level since November 2022, stock s moved lower. Alongside the dollar’s strength has been rising yields, with the benchmark 10-year US Treasury yield soaring to a 16-year high of 4.64%. The two-year US yield rose to 5.15% It’s a scenario that sees the stock market compound weakness seen over the past week, including Tuesday’s Dow s...

Riot Platforms stock price analysis: Here comes the death cross

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Riot Platforms (NASDAQ: RIOT) stock price continued its sell-off even as Bitcoin and other cryptocurrencies held steady. The shares plunged to a low of $8.90 on Tuesday, the lowest level since April 6th. It has retreated by more than 56% from its highest point this year, meaning it is in a deep bear zone. Bitcoin is holding really well Riot Platforms is a major company in the  Bitcoin mining industry. The company runs some of the biggest mining rigs in the world. For example, its Rockdale facility is the biggest mining and hosting facility in North America. It has a deployed hash rate of 10.7 EH/s.  Riot Platforms and other mining companies like Marathon Digital, Cipher Mining, and Argo Blockchain tend to do well when  Bitcoin price is rising. This explains why the shares jumped to a high of over $20.6  when Bitcoin surged to the year-to-date high of $32,000. Therefore, it is quite surprising that the Riot Platforms share price has plung...