Suddenly everyone is going crazy for crypto, and as bitcoin futures are becoming a reality, one trader has a way to cash in on the action. Bitcoin has been on a tear this year, surging at least 1,000 percent in 2017. As the cryptocurrency gained even more attention from investors […]
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SEC steps up scrutiny of digital coin sales with order to freeze ‘PlexCoin’ founders’ assets
The U.S. Securities and Exchange Commission is getting tougher on token sales. The agency said Monday it has obtained an emergency court order to freeze the assets of two individuals and a company to “halt a fast-moving Initial Coin Offering (ICO) fraud.” PlexCorps raised up to $15 million from thousands […]
Home Depot and these other Dow stocks are the best bets for December, history shows
Buying Home Depot, General Electric, Nike and Goldman Sachs in December has been a good trade, history shows. Home Depot‘s stock averages a return of 4.89 percent in the final month of the year — the best out of any Dow Jones industrial average component — and trades positive 67 […]
One for you, one for me: Holiday shoppers are spending more on themselves this year
If she really wants it, she’ll buy it for herself. In the wake of the onset of the holiday shopping season, and a strong one at that, NPD Group analyst Marshal Cohen said he’s noticed more shoppers picking up items for themselves, especially when compared to past years. A recent […]
Amazon’s amazing run is headed for trouble, technical strategist says
Shares of Amazon have been under pressure, and the charts are pointing to more downside, according to one technical strategist. The stock posted its first negative week after five-straight weeks of gains, its longest winning streak since March. Despite the impressive streak, Amazon is showing signs of short-term exhaustion around […]
Investors face tough choice as instinct to ‘take profits’ clashes with December’s history of gains
It’s the time of year, and that moment in a bull market, when investors start wondering whether to lock in some gains or let them ride. I know firsthand of one financial advisor email saying, “Your portfolio is up nicely this year and the market’s appreciation has made the asset […]
Investors’ December dilemma: Take profits or ride the rally
It’s the time of year, and that moment in a bull market, when investors start wondering whether to lock in some gains or let them ride. I know firsthand of one financial advisor email saying, “Your portfolio is up nicely this year and the market’s appreciation has made the asset […]
Bitcoin hits all-time high above $11,700 as recovery accelerates
In a massive rebound from a 20 percent plunge last week, bitcoin surged Sunday to a record high above $11,700. The digital currency hit an all-time high of $11,773.83, up 8 percent on the day, according to CoinDesk. That’s 30.5 percent, or nearly $2,753, from a low of $9,021.85 hit […]
Dow 25K could happen by the end of the year, says market technician Ralph Acampora
Friday’s market selloff does little to change the fact that more record highs are still ahead for the Dow, said top market technician Ralph Acampora, who sees the Dow rallying close to 25,000 by the end of the year. Late last week, stocks came under pressure, with all three major […]
Congress dangles tax cuts before markets — as well as a possible government shutdown
Tax legislation will dominate markets in the week ahead, as Congress works to push through a bill that will include a dramatic cut in corporate taxes and reduce individual taxes for many taxpayers. Investors will also be on the lookout for more headlines about the Russia probe, now that Michael […]