Coinbase to join S&P 500 next week in crypto-market milestone
(Bloomberg/Isabelle Lee and Emily Graffeo) — Coinbase Global Inc., the largest US cryptocurrency exchange, will be added to the S&P 500 Index in the latest milestone for the booming digital-asset industry.
The company will replace Discover Financial Services in the index prior to the start of trading on May 19, S&P Dow Jones Indices said in a press release.
» Read more about: Coinbase to join S&P 500 next week in crypto-market milestone »
Read MoreCoinbase inclusion in S&P 500 signals 'dramatic turnaround' for crypto industry
Coinbase (COIN) stock surged more than 18% on Tuesday as Wall Street cheered the inclusion of the first and only crypto exchange in the S&P 500 (^GSPC) — a major milestone for the company and an industry once in the crosshairs of regulators.
“Coinbase has gone from being in an intense litigation with the SEC just a few months back (later dropped by the SEC under the Trump regime) to being the latest addition to S&P 500,”
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Read MoreThe Single Best Stock To Buy With $1000 Today
Investing
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Parking $1,000 into Berkshire Hathaway stock can help you diversify and potentially beat the market.
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Berkshire Hathaway is a well-oiled machine that should continue to succeed after Warren Buffett retires.
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Read MoreSupermicro Stock Jumps as Raymond James Kicks Off Coverage With Bullish Rating
Key Takeaways
- Supermicro shares surged Tuesday after Raymond James initiated coverage of the company with a bullish rating.
- The AI server maker has “emerged as a market leader,” the analysts said.
- Even with Tuesday’s gains, Supermicro shares are worth half of what they were a year ago.
» Read more about: Supermicro Stock Jumps as Raymond James Kicks Off Coverage With Bullish Rating »
Read MoreNvidia Stock Has Gained 50% Since Its April Lows—Watch These Key Levels
Key Takeaways
- Nvidia returned to the $3 trillion market cap club on Tuesday following the announcement of a major partnership with a state-backed Saudi Arabian AI company.
- The stock has trended sharply higher after breaking out from a falling wedge pattern last month, with the price staging a decisive close above the 200-day moving average on Tuesday.
» Read more about: Nvidia Stock Has Gained 50% Since Its April Lows—Watch These Key Levels »
Read MoreThe Burst
Is This $1.4B Cybersecurity Giant Just Getting Started?
CyberArk Software (NASDAQ:CYBR), the identity security and management firm, has seen its share price soar by more than 30 percent in the last 12 months alone.
With a growing portfolio of security solutions, it seems like the future is bright but has all the good news been priced in?
» Read more about: Is This $1.4B Cybersecurity Giant Just Getting Started? »
Read MoreThe Ivy
This High-Yield Fidelity ETF Is Beating the Market, Here’s Why
Fidelity’s High Dividend ETF (FDVV) is a fund that offers a compelling combination of both current dividend income and growth potential. The fund began in September of 2016 and has delivered a 12.8% lifetime annualized return as well as a steady stream of dividends to its shareholders.
Is the Fidelity High Dividend ETF a good investment to make today,
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Read MoreThe Spotlight
Trade Like a Billionaire
Few traders in history have the capacity to seamlessly transition across asset classes, zooming out to see the big macro picture and in to see the minutia of a company’s 10Q but Stan Druckenmiller ranks as one of the few who have succeeded in so doing.
Stan’s thesis has been that the Fed is really in a bind,