Category: Cryptocurrency

Texans endured extreme weather last week. As home heating systems kicked on, power plants struggled to meet demand. Much of the state lost electricity. Some systems managed to meet demand. But the cost of that access was higher than expected for some. The New York Times reported on one customer facing an electric bill of $16,752. That’s over 70 times an average month for all utilities combined. Other news sites covered similar stories. There was a common theme in the news: All the bills were from customers of Griddy. This small, Houston-based company sells electricity at wholesale prices and charges[…]

AMC Entertainment (NYSE: AMC) is back in the news again, but not because it’s a meme stock. The company announced plans to reopen its movie theaters in New York City next month, providing yet more evidence that the service economy is reopening. But as the return to normal gets closer, concerns have emerged that it could actually be a bad thing for the stock market. That’s because of inflation fears. Rising prices put upward pressure on bond yields. And higher bond yields will place downward pressure on stocks. The pressure on stocks comes from two avenues. Rising interest rates: Make bonds[…]

Friday Four Play: The “Avatar Roku” Edition Hey, Great Ones! No, we’re not discussing The Last Airbender today. I just couldn’t resist the headline. But we will talk about the FAANG gang… Anyway, remember how I talked about rising online ad revenue? Remember … when Twitter (NYSE: TWTR) heaped on the ad revenue, and I said, “Just wait until Roku reports!” Remember? That was cool, huh? You know what’s a lot cooler? Matthew McConaughey! I’ve never wanted to own a Buick before in my life. All right, all right, all right! But anyway … Roku (Nasdaq: ROKU) did exactly what[…]

Bitcoin has had an incredible run since it first started trading in 2010. The cryptocurrency initially cost less than a penny. But earlier this week, it passed the $50,000 mark for the first time. There are three big pieces of news behind its latest uptrend: Tesla added $1.5 billion in bitcoin to its cash holdings. Mastercard will allow some of its merchants to accept cryptocurrencies as payment. A major New York bank announced it will begin holding cryptos for its clients. In today’s Market Insights video, I explain what these developments mean for bitcoin, and where the crypto’s price could[…]

Freedom Fuel I don’t know about y’all, but I’m freezing my patootie off in the Bluegrass State today. We’re not used to seeing eight-plus inches of snow. It just doesn’t happen here all that often anymore. But, as bad as I have it here in Kentucky, it’s nowhere near what Texas is dealing with right now. Power grid failures across the state. No water. No heat. Great Ones … let’s send some of our thoughts and prayers toward the Lone Star state today. This crazy winter weather brings up a rather crucial point for new energy investors. It’s a point[…]

I used to fall in love with a stock story and make a split-second decision to buy. It happened with Advanced Micro Devices Inc. (Nasdaq: AMD) … and many other times. I read a story that made it clear AMD was about to soar to new heights … and that meant I had to buy AMD right then and there! At that time, five years ago, AMD was trading under $10 a share. As I’m writing this, AMD is up over 1,000% since then. So, I was right to buy. But I did it all wrong. And that caused me[…]

On Friday, TradeSmith CEO Keith Kaplan shared the incredible story of how his unique trading system predicted the 2020 market crash. If you haven’t had a chance to read his article yet, I highly suggest you do so right now. And I have great news: Over the next several days, Keith will continue to share his investing insights here in Smart Profits Daily. Read on for a sneak peek of what you’ll learn in next week’s articles… Top Tips for Smart Investing in Any Market Monday — The Most Important Number in Investing: In 2016, Keith made the smart decision[…]