Bitcoin's New All-Time High 🚀

And, Live Nation's ongoing momentum.

November 12, 2024

In partnership with

Today is Tuesday, November 12, 2024.

The Early Bird Index today is 81.16.

New to this newsletter? Sign up here

Bitcoin's New All-Time High 🚀

The price of Bitcoin reached $88,000 on Monday, a new all-time high for the leading cryptocurrency.

Details: Bitcoin is up recently because of the election of Donald Trump as president, demand for U.S. exchange-traded funds (ETFs), and Federal Reserve interest rate cuts.

Early Bird’s Nest Egg Gains: It's important to consider that there could be potential drawbacks or disappointments for the crypto market under a second Trump presidency. If Trump's policies don't materialize as quickly or effectively as hoped, it could lead to market corrections or increased volatility.

Final Thoughts: Due to the recent price surge, Bitcoin is up about 97% this year.

There are thousands of good trade opportunities happening right now as you read this.

Attend today’s free live class because you’ll learn the top three trades our artificial intelligence is recommending.

Prepare to be amazed as we forecast the best trades in real-time.

Notables

Notable Earnings Today: Home Depot (NYSE: HD), Shopify (NYSE: SHOP), Spotify (NYSE: SPOT), Novavax (Nasdaq: NVAX), Instacart (Nasdaq: CART), CAVA Group (NYSE: CAVA), On Holding (NYSE: ONON), Occidental Petroleum (NYSE: OXY), Tyson Foods (NYSE: TSN), Hertz Global (Nasdaq: HTZ), Skyworks Solutions (Nasdaq: SWKS), SoundHound AI (Nasdaq: SOUN), Plug Power (Nasdaq: PLUG), MARA Holdings (Nasdaq: MARA), Sea Limited (NYSE: SE), Rocket Lab USA (Nasdaq: RKLB), Altimmune (Nasdaq: ALT), Amdocs (Nasdaq: DOX), AstraZeneca (Nasdaq: AZN), Avadel Pharmaceuticals (Nasdaq: AVDL), Azenta (Nasdaq: AZTA), Bitfarms (Nasdaq: BITF), Biostem Technologies (OTCMKTS: BSEM), Chegg (NYSE: CHGG), Cronos Group (Nasdaq: CRON), Crinetics Pharmaceuticals (Nasdaq: CRNX), Endava (NYSE: DAVA), EverCommerce (Nasdaq: EVCM), EVgo Inc. (Nasdaq: EVGO), Genius Sports (NYSE: GENI), Hudson Pacific Properties (NYSE: HPP), HUYA (NYSE: HUYA), ICU Medical (Nasdaq: ICUI), IHS Holding Limited (NYSE: IHS), International Game Technology (NYSE: IGT), Legend Biotech (Nasdaq: LEGN), Light & Wonder (Nasdaq: LNW), Mirum Pharmaceuticals (Nasdaq: MIRM), Mosaic (NYSE: MOS), Natera (Nasdaq: NTRA), Neumora Therapeutics (Nasdaq: NMRA), NeuroPace (Nasdaq: NPCE), Northwest Natural (NYSE: NWN), Pactiv Evergreen (Nasdaq: PTVE), Pagaya (Nasdaq: PGY), Paragon 28 (NYSE: FNA), Paymentus (NYSE: PAY), Perdoceo Education (Nasdaq: PRDO), Progyny (Nasdaq: PGNY), PubMatic (Nasdaq: PUBM), Rackspace Technology (Nasdaq: RXT), Repay Holdings (Nasdaq: RPAY), Repligen (Nasdaq: RGEN), Rocket Companies (NYSE: RKT), Scholar Rock (Nasdaq: SRRK), Schrodinger (Nasdaq: SDGR), Shoals Technologies (Nasdaq: SHLS), Smith Douglas Homes (NYSE: SDHC), Sphere Entertainment (NYSE: SPHR), SpringWorks Therapeutics (Nasdaq: SWTX), Surgery Partners (Nasdaq: SGRY), Sylvamo (NYSE: SLVM), TechTarget (Nasdaq: TTGT), Terawulf (Nasdaq: WULF), Topgolf Callaway Brands (NYSE: MODG), TreeHouse Foods (NYSE: THS), Triumph Group (NYSE: TGI), Xenon Pharmaceuticals (Nasdaq: XENE), ZoomInfo (Nasdaq: ZI).

Notable IPOs Today: Alpha Cognition Inc. Common Stock (Nasdaq: ACOG), BioHarvest Sciences Inc. Common Stock (Nasdaq: BHST).

Notable Equity Crowdfunding Campaigns Ending Today: Lillian Augusta Beauty (Wefunder), Koios Medical (Wefunder), ACME AtronOmatic (StartEngine), Trioscope (Republic).

Notable Economic Events Today: NY Fed 1-Year Consumer Inflation Expectations (11:00 a.m. ET).

Live Nation's Ongoing Momentum

In the face of mixed financial results on Monday, Live Nation Entertainment (NYSE: LYV) jumped 7.56% in after-hours trading.

Financials: Live Nation reported earnings of $1.66 per share in the past quarter, which was better than expected. But revenue only reached $7.7 billion, which was lower than expected.

Powering the Story: Concerts delivered record profitability in the quarter and the company wrote that “momentum continues to build.”

Final Thoughts: Live Nation is up over 34% this year.

IAC Explores Angi Spinoff

Despite posting mixed financial results on Monday, media company IAC (Nasdaq: IAC) ticked up 1.69% in after-hours trading.

Final Thoughts: IAC said it was exploring a spinoff of its stake in the home improvement company Angi (Nasdaq: ANGi), which fell 10.31% in after-hours trading.

Failed Trials: Bristol Soars 11% As Investors Question AbbVie's Costly 'Mistake' (Investor’s Business Daily)

Taking off With New Deals: Southwest Air to Offer Buyouts at 18 Airports, Headquarters (Bloomberg)

Thank you for reading!

Forward to a friend and tell them to sign up here.

Pick winning stocks: Upgrade to Early Bird Prime

Want more investing tips? Listen to the podcast.

Show your support: Buy Me a Coffee.

Questions or comments? Hit reply to reach out.

The contents of Early Bird are intended for informational and entertainment purposes only. They do not constitute trade or investment recommendations and they are not financial or legal advice. Readers are encouraged to consult licensed professionals for personalized guidance regarding their financial or legal situations.