Articles for author: Ron Finklestien

January 4, 2024

Ron Finklestien

Bitcoin ETFs: Market Prepared for Potential Surge in BTC Trading Bitcoin ETFs: Market Prepared for Potential Surge in BTC Trading

A plethora of investment funds is on the verge of flooding the cryptocurrency market contingent on the expected approval of bitcoin ETFs from numerous firms by the U.S. Securities and Exchange Commission. This could open up the world of bitcoin [BTC] to virtually everyone, from crypto-savvy individuals to those new to the concept. ETF issuers such as BlackRock, Grayscale, Fidelity, and Galaxy/Invesco are facing the prospect of scrambling to procure tens of billions of dollars worth of BTC to meet the amplified demand anticipated from retail investors. The existing leading bitcoin investment vehicle, Grayscale Bitcoin Trust, commands a staggering $26

January 4, 2024

Ron Finklestien

Warning Signs in the Energy Sector: A Deep Dive into Two Stocks Warning Signs in the Energy Sector: A Deep Dive into Two Stocks

As of Jan. 4, 2024, two stocks in the energy sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions. The Relative Strength Index (RSI), a momentum indicator, is comparing a stock’s strength on days when prices go up to its strength on days when prices go down. When compared to a stock’s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the RSI is above 70, according to Benzinga Pro. Here’s the

January 4, 2024

Ron Finklestien

Apple’s Potential for a Breakout Year in 2024 Apple’s Potential for a Breakout Year in 2024

Apple’s (NASDAQ:AAPL) recent share price weakness presents an intriguing opportunity for investors to consider a long position in the iconic consumer electronics company. Despite a recent downgrade citing iPhone weakness as a potential impediment to Apple’s valuation growth, research firm Gartner’s forecast of a surge in chip demand in the coming year suggests a possible recovery in the consumer electronics industry. Given that Apple still derives nearly 80% of its revenues from hardware-related sales, a revival in device shipments could serve as a significant catalyst for the company’s growth. Could 2024 be a year of resurgence for Apple and the

January 4, 2024

Ron Finklestien

CGI joins hands with UK's air traffic controller

CGI and UK’s NATS Partnership CGI and NATS Collaboration for UK Air Traffic Modernization CGI, listed on the New York Stock Exchange under the ticker symbol GIB, has secured a significant partnership with NATS, the UK’s prominent provider of air traffic control services to revolutionize and upgrade the company’s digital infrastructure. The focus of the collaboration is to enhance and innovate air traffic operations throughout the United Kingdom. Photo by ninjaMonkeyStudio/E+ via Getty Images Seven-Year Collaboration The partnership entails a seven-year agreement, marking the culmination of a year-long collaboration between CGI and NATS. The primary objective of this initiative is

January 4, 2024

Ron Finklestien

Subsurface Movement in S&P 500 Subsurface Movement in S&P 500

The S&P 500 is still within 2% of its record closing high reached exactly two years ago on January 3rd, but beneath the surface, there have been some big moves. Average Activity The chart below shows a distribution of two-year returns for every S&P 500 stock that is currently in the index, and while there have been some big winners and losers over this period, the average component’s move has been just a modest decline of 0.54%. So while the S&P 500 is down 1.9% from its high, over that same period, the ‘average’ stock in the index is down

January 4, 2024

Ron Finklestien

Cal-Maine: A Forecast After A Dark Quarter Cal-Maine: A Forecast After A Dark Quarter

Market Overview U.S. stock futures were higher on Thursday, with the Dow Jones futures gaining around 50 points. Cal-Maine Hits a Sour Note Shares of Cal-Maine Foods, Inc. (NASDAQ: CALM) fell sharply in pre-market trading after the company reported downbeat results for its second quarter. Cal-Maine Foods reported quarterly earnings of 65 cents per share, missing the analyst consensus estimate of 83 cents. The company reported quarterly sales of $523.20 million which failed to meet the Street’s estimate of $525.39 million. Cal-Maine Foods shares fell 5.3% to $51.94 in pre-market trading. Stocks on the Downslide Several big stocks recorded losses

January 4, 2024

Ron Finklestien

Analysis: US 2023 Bankruptcy Filings Increase Impact Business Sector 2023 Sees Significant Rise in US Bankruptcy Filings, Potential for More in 2024

Photo by evergreentree Amid economic challenges, bankruptcy filings in the US surged by 18% in 2023, propelled by surging interest rates, stricter lending criteria, and the lingering repercussions of the pandemic, according to Epiq AACER, a provider of U.S. bankruptcy filing data. Total bankruptcy filings in 2023 reached 445,186, a noticeable escalation from 2022’s count of 378,390. Notably, commercial Chapter 11 filings shot up by 72% to 6,569 in 2023, while consumer filings increased by 18% to reach 419,559 compared to the previous year. Looking at December 2023 figures, total bankruptcy filings spiked to 34,447, up 16% year-over-year, with commercial

January 4, 2024

Ron Finklestien

The Top Dividend Stocks for Today: OUTFRONT Media Inc. and International Paper Company

The market is a treacherous place, akin to a rollercoaster sweeping you up and down in wild undulations, testing your resolve and stomach at every turn. Yet, amidst the turmoil, there are stalwart companies whose stocks offer the promise of substantial income for investors, providing a welcome cushion against the volatility of the market. Today, on the 4th of January, two such companies beckon with their siren call: OUTFRONT Media Inc. and International Paper Company. OUTFRONT Media Inc.: A Beacon of Strength in the Market OUTFRONT Media Inc., a leading provider of OOH advertising space in key markets, epitomizes stability

January 4, 2024

Ron Finklestien

KWEB: Beijing Is Becoming Incrementally More Friendly To Its Private Industries

Note: I previously covered KWEB back in Fall 2021 at the heat of China’s tech crackdown. We cut our loss in 2022 in the mid 40s/share region. 2 years later from that post, I again believe KWEB represents a tradable opportunity as China’s selling pressure begins to get exhausted and multiple companies inside the index begin to enter a recovery phase. Buying the dip requires tremendous persistence. China still makes a great trade at the right swing lows. Discussed more below. China’s regulatory environment can sometimes be largely unpredictable, but one thing is for sure – Leaders want to get

January 4, 2024

Ron Finklestien

Mark Zuckerberg sold $428M worth of Meta stock at the end of 2023

Mark Zuckerberg’s Stock Sale Shakes Investors Drew Angerer 2023 proved to be a remarkable year for Meta Platforms (NASDAQ:META), emerging as the top-performing stock after AI powerhouse Nvidia. The company’s shares experienced a staggering 178% surge during the “year of efficiency,” as CEO Mark Zuckerberg steered the business towards digital advertising and social media dominance while veering away from ambitious ventures like the Metaverse. This resurgence in growth, accompanied by the stock nearing all-time highs, coincided with Zuckerberg’s surprising decision to offload nearly $500 million worth of Meta (META) shares, meticulously selling stocks on a daily basis from November 1