Bitcoin hovers near $110K as crypto sentiment surges. V, PYPL, and CLSK emerge as top stock picks with rising earnings outlooks.
President Donald Trump has put his 52% share of DJT in a trust controlled by his son Donald Jr. according to a December Securities and Exchange Commission filing.
Cryptocurrency-adjacent stocks are in the spotlight today, after Bitcoin (BTC) nabbed a record peak earlier.
Stocks like V, PYPL and NVDA are poised to benefit from the ongoing Bitcoin rally.
Outside of owning crypto outright, several stocks are making waves in conjunction with Bitcoin's ascent.
eToro's IPO saw shares surge nearly 30% on the offering day, but I have significant concerns about the sustainability of its business model. The company is heavily reliant on volatile crypto revenues, which introduces principal risk and differentiates it unfavorably from traditional brokers. Despite strong user growth and a sizable cash position, earnings are highly volatile and limited relative to the current valuation.
LFGY offers a high 20.91% yield by selling options on volatile crypto-related assets, providing weekly income for investors. The ETF is heavily concentrated in crypto and tech stocks, with limited diversification and strong correlation to Bitcoin's price movements. LFGY's strategy is attractive in uncertain or sideways crypto markets, offering downside protection and income versus direct crypto exposure.
HOOD is expanding into Canada with its deal to acquire WonderFi, aiming to boost its global crypto presence and tap into a fast-growing market.
The day has finally arrived for those hoping to get in on shares of crypto and stock trading firm eToro Group Ltd. The fintech company is holing its initial public offering, with its shares expected to begin trading on the Nasdaq Wednesday after a monthslong delay.
eToro is going public on May 14th, offering a unique social investing platform with a heavy reliance on cryptocurrencies for revenue. Despite a challenging 2023, eToro saw 225% revenue growth in 2024, with a significant turnaround to $192 million in net income. At $50 per share, ETOR's IPO is oversubscribed, valuing the company at $4 billion, but it remains highly dependent on volatile crypto markets.
Coinbase's Q1 2025 results were mixed, with revenue at $2.03 billion and EPS missing estimates by 87%, but the market reaction was neutral. Subscription and services revenue, a key highlight, grew to $698.1 million, representing 34% of total revenue, showcasing resilience against crypto market volatility. Institutional trading volume dominated, but retail trading powered revenue, indicating strong retail sentiment for Q2 and potential transaction revenue uplift.
“If the stock market rally continues, other quality companies that had put their IPO plans on hold are likely to follow,” one expert says.