To The Moon

$Marathon Digital Holdings Inc(MARA)$ plans to expand operations as bitcoin rebounds heading into 2024. MARA stock rallied nearly 180% during its impressive nine-week run stretching back to early October. They have bought 2 mining sites to increase its efficiency. In this article, I would like to share with you my prediction for MARA price for the rest of 2023 trading day and the monthly prediction for Jan-Jun 2024. Marathon Digital (MARA) Stock Price Prediction For 2023 MARA price would be expected to be having a minimum of $21.47 and maximum of $25.21 on 22 Dec (Friday), the predicted price for that day would be $23.34. After the Christmas holiday, we are expecting to have a predicted price of $24.51, with a minimum of $22.55 and $26.47 for the

Question: Is there room for EV growth in the US? Electric vehicles (EVs) are a “fast” growing segment in US. The interesting question is how much market share have EVs taken from traditional gasoline cars? Based on Year 2022 data from US Department of Energy, not much really. (see below) The above diagram is about US vehicle registration based on Fuel Type. There are 3 categories of fuel: Gasoline. Electric & plug-in hybrid vehicles (EV & PHEV). Alternative fuels. Notes: Gasoline fuel type includes (a) diesel, (b) E85 flex fuel & (c) traditional hybrid vehicles. Alternative fuels include (a) biodiesel, (b) natural gas, (c) propane, & (d) hydrogen. Data Analysis. One important distinction to make is — registrations are not the same as sales. Sales represent the number of new

Midday surprise. I could not have anticipated US market behaviour on Wed, 20 Dec 2023 around mid-afternoon onwards. This was because US’s December 2023 — Consumer Confidence report released painted a “rosy” picture. (see below) Consumer confidence index increased from November 2023’s 101.0 to December 2023’s 110.7. This marked December’s reading the highest level since April 2023. At the same time, both Present situation index & Expectations index also rose in December 2023, to 148.5 (from 136.5) and 85.6 (from 77.4) respectively. Overall, the December Consumer Confidence report indicates: A significant boost in consumer sentiment, fueled by easing recession fears & a positive view of the job market, Increased spending intentions. Inflationary concerns remain a key issue for c

$Marathon Digital Holdings Inc(MARA)$ has buy new mining sites for $179M as rewards having is nearing. With this new acquisitions, the cost per coin mined will be reduced by around 30% before the reward for securing the blockchain is slashed by 50% next year. Marathon Digital is in a good position of cash flow to buy these two sites from subsidiaries of lending firm Generate Capital. This acquisition, which will add 390 megawatts of capacity, will be paid in cash. Bitcoin's (BTC) halving, expected in April 2024, is leading mining companies to reassess their operations to ensure they are prepared for the drop in rewards. One such way is by acquiring smaller firms to bring economies of scale to their activities. Earlier this month, Marathon said it

As the effects of the Fed's dovish turn last week continued to reverberate, U.S. stocks extended their rally, with the S&P 500 now only about 0.7 percent away from a new closing high and about 1.2 percent away from matching the intraday record set in January 2022.Pharmacy chain $Walgreens Boots Alliance(WBA)$ was the best-performing component of the Dow Jones average, rising 4.20 percent. Solar stocks $Enphase Energy(ENPH)$ and $First Solar(FSLR)$ were the best performers in the S&P 500, rising 9.10 percent and 4.05 percent, respectively. Energy stocks also outperformed the broader market, with the S&P 500 energy sector up 1.22 percent.On the economic

As 2023 draws to a close, the stock market reflects a year of resilience and adaptation.Amidst ongoing challenges, the market showcased a remarkable recovery.Let’s review the Top 10 Key Words in 2023!1. Magnificent 7Tech Titans Ignite the Market! $NVIDIA Corp(NVDA)$ skyrocketed 239%! $Meta Platforms, Inc.(META)$ leaped191%! $Tesla Motors(TSLA)$ surged 108%! $Amazon.com(AMZN)$ , $Alphabet(GOOG)$ , & $Microsoft(MSFT)$ all soared above 55%!