Today you can access their live picks without cost or obligation. Amazingly, they soared with average gains of +46.4%, +49.5% and +55.2% per year.
Since 2000, our top stock-picking strategies have blown away the S&P's +6.2 average gain per year. Why Haven’t You Looked at Zacks' Top Stocks? The company currently has a Zacks Rank #2. The Zacks Consensus Estimate for its current-year earnings has improved 540% over the past 60 days. Shopify’s expected earnings growth rate for the current year is 700%. SHOP is an e-commerce company that allows merchants using its platform to accept cryptocurrencies as payment and has integrated with cryptocurrency payments processor CoinPayments. At present, the company sports a Zacks Rank #1. The Zacks Consensus Estimate for its current-year earnings has improved by 71% over the past 60 days. NVIDIA’s expected earnings growth rate for the current year is 129.3%. Being leading designers of graphic processing units (GPU)s, Nvidia stocks usually soar with a booming crypto market because GPUs are pivotal for data centers, artificial intelligence, and the creation of crypto assets. NVIDIA Corporation NVDA is a semiconductor industry giant and one of the biggest success stories of 2023. The company currenty carries a Zacks Rank #2. The Zacks Consensus Estimate for its current-year earnings has improved by 0.6% over the past 60 days. CME is a leading derivatives marketplace and has recently delved into the crypto territory by introducing a futures contract on the ether/bitcoin ratio slated for Jul 31, 2023, subject to regulatory approval.ĬME Group’s expected earnings growth rate for the current year is 9.5%. You can see the complete list of today’s Zacks #1 Rank stocks here.ĬME Group Inc. These flaunt a Zacks Rank #1 (Strong Buy) or 2 (Buy). Meanwhile, let us shift our focus to the stocks below that have significant exposure to the crypto market and are making good of the crypto rally. It remains to be seen, though, how long it can hold back. The SEC has been bombarded with filings and refilings of crypto proposals, and it has, till this point in time, taken things slowly, citing regulations. With Bitcoin holding steadily and solidly over the $30,000 mark for a while, the crypto scene might be poised for a fresh salvo in July. Other major altcoins also continued their move northward even as there was some profit booking involved as reports emerged that Belarus might be building up to a partial crypto ban.The global cryptocurrency market cap was trading higher, rising to $1.22 trillion early on Tuesday, marking a gain of almost 1% in the last 24 hours. "The bean numbers were off the charts on acres and way lower than expected on stocks, the corn was much higher on area than thought," said Charlie Sernatinger of Marex in a note following the report's release.Another major crypto exchange, CoinDCX, announced a partnership with crypto taxation platform KoinX on Monday, to provide an interface that would assist users in filing their crypto taxes on its platform by accessing KoinX’s tax calculation and reporting infrastructure.īitcoin and Ethereum, two of the largest cryptocurrencies, respectively breached the $31,000 and $19,000 marks comfortably on Monday, and Bitcoin continued to rise on Tuesday. Traders were surprised by the big changes made by the USDA. Corn futures are down 2.9% after being up 0.6% before the reports release, and wheat is down 1% after being 0.6% higher before the reports release. These totals are below the estimates of surveyed analysts.įollowing the release of the reports, grain futures trading on the Chicago Board of Trade have posted big swings, with most-active soybean futures up 5.5% after being up 2% before the release of the reports. The USDA pegged corn stocks through June 1 at 4.11 billion bushels, soybean stocks at 796 million bushels, and wheat stocks at 580 million bushels. The USDA also released its quarterly stocks report, which showed a decline in grain stocks versus this time last year. Surveyed analysts had forecast corn acreage to come in at 91.81 million acres, soybean acreage at 87.66 million acres, and wheat acreage at 49.65 million acres. For soybeans, Friday's estimate is far lower than the 87.45 million acres forecast by the USDA in March, while corn acres are above the 88.58 million acres forecast in March. In its latest acreage report, the USDA forecasts that farmers are planting 83.5 million acres of soybeans, 94.1 million acres of corn, and 49.6 million acres of wheat.
0 kommentar(er)
