Articles

Grayscale’s bitcoin ETF sees ‘bearish engulfing’ pattern after being its most overbought in years

After the Grayscale Bitcoin Trust ETF’s historic spike to new highs, it would be natural for investors to get spooked by a bearish daily chart pattern on the day after its most extreme “overbought” reading in more than six years.

The Dow Transports are lagging. Here’s how that impacts stocks and the economy.

Broad U.S. market actually does better when transportation sector is weak,

Nordstrom shares fall on disappointing forecast

Shares of Nordstrom Inc. fell after hours on Tuesday after the department-store chain’s full-year forecast disappointed investors.

‘Magnificent Seven’ shed $233 billion in market cap, dragging down the stock market

‘This isn’t some panic selling,’ says Michael Sansoterra, chief investment officers at Silvant Capital Management

Ross Stores says that housing and food costs continue to pressure its customers

Ross Stores Inc. late Tuesday blew past expectations for its holiday quarter but spooked investors by saying that higher costs of living continue to pressure its customers.

Il Makiage parent Oddity Tech’s earnings crush estimates as beauty consumer moves online

Stock falls 13%, however, despite upbeat guidance for 2024

As bitcoin hits record high, only two Congress members have bought crypto since 2021

The price of bitcoin traded at a record high of more than $69,000 on Tuesday, but one demographic that’s not cashing in on the historic crypto bull market are lawmakers in Washington, D.C.

CrowdStrike’s stock soars as earnings impress in face of cybersecurity jitters

Earnings from some cybersecurity peers this quarter were met with negative reactions, but CrowdStrike’s earnings seemed to wow Wall Street.

Box posts first $1 billion fiscal year as AI sales pick up, sending stock flying

Box Inc.’s stock was up more than 13% Tuesday after the software firm reported its first $1 billion fiscal year and announced a $100 million share-buyback program.

Here’s why SoFi’s stock just logged its worst day on record

The company announced a convertible-note offering, which seems to have raised concerns about dilution.

Reddit’s offering marks return of ‘junk stock IPO,’ New Constructs says

As Reddit’s initial public offering nears, independent equity-research firm New Constructs is warning investors to avoid the social-media platform’s IPO.

Investors rush to snap up bonds before the Fed starts cutting rates

More investors are betting on bonds in 2024 to capture today’s higher bond yields before the Fed pivots to lower rates
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