Zacks Investment Ideas feature highlights: Coinbase, Cleanspark, Platforms, IBIT and GBTC

Like
Comment
Favorite

Zacks Investment Ideas feature highlights: Coinbase, Cleanspark, Platforms, IBIT and GBTC

Zacks05-20

For Immediate Release Chicago, IL – May 20, 2024 – Today, Zacks Investment Ideas feature highlights Coinbase Global COIN, Cleanspark CLSK, Platforms Inc. RIOT, iShares Bitcoin Trust IBIT and Grayscale...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment

No comments yet

Most Discussed

7x24

All

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"share":"https://ttm.financial/m/news/2436743176?lang=en_US&edition=fundamental","thumbnail":"https://s.yimg.com/uu/api/res/1.2/goBX3zyG2xaK4nS0DqDTYQ--~B/aD00MDA7dz02MzU7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/8fd8f50f268c0fe290588ffe6ad81f19","is_english":true,"pubTime":"2024-05-20 16:53","share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","id":"2436743176","market":"us","top_or_hot":-1,"title":"Zacks Investment Ideas feature highlights: Coinbase, Cleanspark, Platforms, IBIT and GBTC","media":"Zacks","content":"<div>\n<p>For Immediate Release\nChicago, IL – May 20, 2024 – Today, Zacks Investment Ideas feature highlights Coinbase Global COIN, Cleanspark CLSK, Platforms Inc. RIOT, iShares Bitcoin Trust IBIT and Grayscale...</p>\n\n<a href=\"https://finance.yahoo.com/news/zacks-investment-ideas-feature-highlights-085300182.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Zacks Investment Ideas feature highlights: Coinbase, Cleanspark, Platforms, IBIT and GBTC</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nZacks Investment Ideas feature highlights: Coinbase, Cleanspark, Platforms, IBIT and GBTC\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-05-20 16:53 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/zacks-investment-ideas-feature-highlights-085300182.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>For Immediate Release\nChicago, IL – May 20, 2024 – Today, Zacks Investment Ideas feature highlights Coinbase Global COIN, Cleanspark CLSK, Platforms Inc. RIOT, iShares Bitcoin Trust IBIT and Grayscale...</p>\n\n<a href=\"https://finance.yahoo.com/news/zacks-investment-ideas-feature-highlights-085300182.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CLSK","symbol_name":"CleanSpark, Inc.","start_time":0,"source_url":"https://finance.yahoo.com/news/zacks-investment-ideas-feature-highlights-085300182.html","article_id":"2436743176","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/goBX3zyG2xaK4nS0DqDTYQ--~B/aD00MDA7dz02MzU7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/8fd8f50f268c0fe290588ffe6ad81f19"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2436743176","pubTimestamp":1716195180,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Chicago, IL – May 20, 2024 – Today, Zacks Investment Ideas feature highlights Coinbase Global COIN, Cleanspark CLSK, Platforms Inc. RIOT, iShares Bitcoin Trust IBIT and Grayscale Bitcoin Trust ETF GBTC.Bitcoin Breakout: 2 Top-Ranked Stocks for the Next Leg Higher. Broad stock market indexes have again made new all-time highs this week, confirming the current bull market. The ~6% pullback seen in the S&P 500 in April was as generic as a bull could have asked for, and the strong snapback to new highs should encourage investors looking to add risk to their portfolios.Although I was exclaiming on the way down that this would be a fantastic buying opportunity, if you didn’t buy on the way down there is no need to fret because I believe we are on the cusp of another big bull run.If that is indeed the case and investors are back to risk-on mode, there is one approach that is going to practically guarantee outperformance.Over the 3 months, 6 months, 12 months, and YTD, Cleanspark has considera","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"CLSK":"CleanSpark, Inc.","COIN":"Coinbase Global, Inc.","BK4594":"比特币ETF概念","BK4585":"ETF&股票定投概念","BK4595":"比特币概念","BK4535":"淡马锡持仓","BTC":"ClearShares Piton Intermediate Fixed Income ETF","BK4023":"应用软件","GBTC":"Grayscale Bitcoin Trust","BK4588":"碎股","BK4550":"红杉资本持仓","BK4551":"寇图资本持仓","LU1861558580.USD":"日兴方舟颠覆性创新基金B","IBIT":"iShares Bitcoin Trust","BK4112":"金融交易所和数据","BK4539":"次新股","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","FDN":"First Trust Dow Jones Internet I","RIOT":"Riot Platforms","BK4554":"元宇宙及AR概念"},"translate_title":"Zacks Investment Ideas特色亮点：Coinbase、Cleanspark、Platforms、IBIT和GBTC","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"RIOT":1,"IBIT":1,"GBTC":1,"COIN":1,"CLSK":1,"BTC":1,"FDN":0.9},"content_text":"For Immediate Release\nChicago, IL – May 20, 2024 – Today, Zacks Investment Ideas feature highlights Coinbase Global COIN, Cleanspark CLSK, Platforms Inc. RIOT, iShares Bitcoin Trust IBIT and Grayscale Bitcoin Trust ETF GBTC.\nBitcoin Breakout: 2 Top-Ranked Stocks for the Next Leg Higher\nBroad stock market indexes have again made new all-time highs this week, confirming the current bull market. The ~6% pullback seen in the S&P 500 in April was as generic as a bull could have asked for, and the strong snapback to new highs should encourage investors looking to add risk to their portfolios.\nAlthough I was exclaiming on the way down that this would be a fantastic buying opportunity, if you didn’t buy on the way down there is no need to fret because I believe we are on the cusp of another big bull run.\nIf that is indeed the case and investors are back to risk-on mode, there is one approach that is going to practically guarantee outperformance.\nBitcoin Is Ready\nFor the last year or so, Bitcoin has acted as a proxy for risk, and been tightly correlated with US equities, especially technology stocks. Although correlations do come and go, as of now this one is still strong and for every 1% stocks gain, Bitcoin can jump 3-5%.\nOn Wednesday of this week, the price of Bitcoin clearly broke out from a bullish wedge/flag pattern. This would be the third such breakout in the cryptocurrency since October, so it fits within the standard bullish action.\nCoinbase Global\nOf course, you can go ahead and buy Bitcoin on the spot market, but another way to hitch a ride on this trend is with Coinbase Global.\nCoinbase is the leading cryptocurrency brokerage in the US, and primary access point to the crypto ecosystem for retail and some institutional investors. Coinbase Global crushed its most recent quarterly earnings expectations, driven by the growing trading activity in Bitcoin and other cryptos.\nEarnings estimates have rocketed higher in the last two months, with FY24 climbing from $1.57 per share to $7.18 per share! Not surprisingly, this has earned the stock a Zacks Rank #1 (Strong Buy) rating.\nLike the underlying, Coinbase stock is also forming a compelling technical chart pattern. This descending wedge is a formation that COIN is familiar with, and if the stock can trade above the $220 level, it would signal a breakout.\nA powerful breakout, with accompanying volume should send the stock to new highs.\nCleanspark\nAnother way to get exposure to Bitcoin in the stock market is through cryptocurrency miners. Cleanspark is a highly volatile miner, but potentially lucrative way to play the Bitcoin theme.\nWhile Cleanspark is a less followed name than some of the other crypto miners like Riot Platforms Inc., I believe that Cleanspark is showing more promise in the near future.\nOver the 3 months, 6 months, 12 months, and YTD, Cleanspark has considerably outperformed both Marathon Digital and Riot Platforms and is actually the only one of the group with positive returns YTD. This relative strength shows considerable bullishness.\nAdditionally, Cleanspark has seen some heft revisions higher to its earnings estimates, giving it a Zacks Rank #2 (Buy) rating. FY25 earnings have been revised higher from $0.04 per share to $1.86, an incredible 4,550%.\nLike Coinbase and Bitcoin itself, Cleanspark stock is building a convincing technical pattern. A breakout from this very broad bull flag should send the stock higher. The breakout level is $17.70.\niShares Bitcoin Trust\nAlternatively, if you want direct exposure to Bitcoin, while using exclusively the stock market, the iShares Bitcoin Trust ETF is a fantastic way to do so. Although the ETF does not currently have Zacks Rank coverage, I believe it to be the best Bitcoin ETF on the market.\nIBIT has the second largest assets under management, second to Grayscale Bitcoin Trust ETF, but has considerably lower fees. GBTC has an annual fee of 1.5%, while IBIT is just 0.25%.\nBottom Line\nFor investors who are looking to add some high-flying stocks to their portfolios, and are also willing to stomach some additional volatility for those returns, Bitcoin and related stocks are a worthwhile consideration.\nWith the large upgrades in brokerage and mining stock, along with the bullish chart setups, now appears to be a timely opportunity to jump in.\nWhy Haven’t You Looked at Zacks' Top Stocks?\nSince 2000, our top stock-picking strategies have blown away the S&P's +7.0 average gain per year. Amazingly, they soared with average gains of +44.9%, +48.4% and +55.2% per year.\nToday you can access their live picks without cost or obligation.\nSee Stocks Free >>\nMedia Contact\nZacks Investment Research\n800-767-3771 ext. 9339\nsupport@zacks.com\nhttps://www.zacks.com\nPast performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nGrayscale Bitcoin Trust ETF (GBTC): ETF Research Reports\nRiot Platforms, Inc. (RIOT) : Free Stock Analysis Report\nCleanspark, Inc. (CLSK) : Free Stock Analysis Report\nCoinbase Global, Inc. (COIN) : Free Stock Analysis Report\niShares Bitcoin Trust (IBIT): ETF Research Reports\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"hasMoreComments":false,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}