Crypto Characteristics to Know
Pay attention, investors.
Today is Monday, September 27, 2021.
Crypto Characteristics You Should Know
Pay attention to the white papers of cryptocurrencies that you want to invest in and learn about the founders, says financial YouTuber Amon Dow in the latest episode of the Early Bird podcast.
Philosophy: Dow’s overall crypto philosophy is that it is more efficient than other currencies because it removes the middle man.
Which Coins: Dow likes cryptocurrencies with long track records, which includes Bitcoin.
Characteristics: Circulating supply and the market cap are two areas that investors should thoroughly investigate before investing, according to Dow.
Final Thoughts: To find out more about crypto characteristics that you should know, listen to the latest episode of the Early Bird podcast.
Notable Earnings Today: Monday: iBio (NYSE American: IBIO), Aurora Cannabis (Nasdaq: ACB),
Notable IPOs Today: Pacifico Acquisition Corp. Common Stock (Nasdaq: PAFO), Gladstone Acquisition Corp. Class A Common Stock (Nasdaq: GLEE), Sarcos Technology and Robotics Corporation Common Stock (Nasdaq: STRC).
Notable Equity Crowdfunding Campaigns Ending Today: Waterworks (Netcapital), Remuv (StartEngine), MicroSalt (Microventures), Earthwise (StartEngine).
Notable Economic Events Today: Core Durable Goods Orders (8:30 a.m. ET).
BP Deals With Fuel Shortage
Around 30% of the BP (NYSE: BP) petrol stations in the U.K. are out of fuel, according to a Reuters article citing the oil and gas giant on Sunday.
Fuel Shortage: Meanwhile, the Petrol Retailers Association says that two-thirds of its members in the U.K. reportedly sold out of their fuel, ABC News said.
Background: There’s a growing fuel shortage in the U.K., which is due to global gas price surges as well as a sudden lack of truck drivers.
Numbers: Shares of BP are up 25% in the past year. It is also up 5% in the past month.
Final Thoughts: This gas shortage in the U.K. could impact BP, which has been one of the most stable energy stocks this year. It could also impact other oil and gas companies in the U.K.
Chinese Electric Vehicle Stocks to Consider
China is the world’s leading electric vehicle market, with domestic companies having the upper hand.
Which company is good for your investment portfolio? Let’s examine a few choices.
Big Shot: Nio (NYSE: NIO) is up 93% in the past 12 months, making many investors happy. But the stock has dropped 33% in 2021, and economic issues in China are hurting the company.
Up and Down: BYD Company (OTCMKTS: BYDDY), which has an electric vehicle subsidiary, is up over 41% this year. But in the past month, the stock is down over 9%.
New Avenues: XPeng (NYSE: XPEV) is having a bad year, with the stock down nearly 20%. On the bright side, an urban mobility company backed by XPeng unveiled city usage scenarios last week.
Recent Drop: Between May and June, Li Auto (Nasdaq: LI) was up 100% and then the stock price decreased. The chip shortage is hurting the future picture for the company.
Final Thoughts: When it comes to Chinese EV stocks, it is all about China’s overall economic outlook.
Trends to Watch
Dishing it Out: Cardano Announces Partnerships With Dish Network, Chainlink (CoinDesk)
Clogged: Dozens of cargo ships stuck waiting off New York's coast amid port staff shortages and surging demand for goods (Insider)
Interesting Take: Bitcoin Mining With Clean Energy Changed The World (Bitcoin Magazine)
More Compliments: Elon Musk praises China, says Tesla will continue to expand investments there (CNBC)
5 Straight Days: Oil gains for fifth day amid supply constraints (Reuters / Investing.com)
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