Blackstone's Revenue Outlook 🔍

And, Chainlink's new DeFi innovation.

December 24, 2024

Today is Monday, December 24, 2024.

The Early Bird Index today is 81.59

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Blackstone's Revenue Outlook 🔍

Blackstone (NYSE: BX) ticked up 0.035% in after-hours trading on Monday after disclosing some preliminary estimates regarding revenue for the current quarter.

Details: The alternative asset investment management company said it expects total realized performance revenues and total realized principal investment income for the quarter to be greater than $775 million.

  • Blackstone added that this estimate does not necessarily represent its total actual results for the current quarter.

Stock Price: Blackstone is up 34.24% in 2024, although the stock is down 10.84% in the last 30 days.

Early Bird’s Nest Egg Gains: Blackstone is having an exceptional year, with its stock price reaching an all-time high in November.

  • Blackstone also has an impressive market capitalization of $224.5 billion.

  • However, a company operating in a highly competitive and cyclical industry, Blackstone is exposed to various market risks, including economic uncertainty, inflationary pressures, regulatory changes, real estate exposure, and interest rate fluctuations.

Final Thoughts: Blackstone is expected to report its full financial earnings results in January.

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Notables

Notable Earnings Today: N/A.

Notable IPOs Today: N/A.

Notable Equity Crowdfunding Campaigns Ending Today: N/A.

Notable Economic Events Today: Durable Goods Orders / Core Durable Goods Orders (8:30 a.m. ET), Building Permits (8:30 a.m. ET), New Home Sales (10:00 a.m. ET).

Link Technology GIF by Pudgy Penguins

Gif by pudgypenguins on Giphy

A new product release propelled the price of the cryptocurrency Chainlink by 10% on Monday to reach its highest mark since 2022.

Details: Chainlink released an offering called Smart Value Recapture (SVR), which is a way for DeFi (decentralized finance) applications to make extra money safely and ethically. This bumped up the price for Chainlink’s token.

Also: Also in Monday, the open-source protocol Aave proposed an integration with Chainlink’s SVR.

Price: Chainlink is up about 55% this year, with most of the gains happening in the last 30 days.

Final Thoughts: While Chainlink has been growing as of late, the price can be volatile.

Arcadium Lithium Shareholders Approve Takeover

Arcadium Lithium (NYSE: ALTM) jumped 5.03% in after-hours trading on Monday after its shareholders approved a deal to be acquired by Rio Tinto (OTCMKTS: RTNTF).

Background: The deal had previously been announced in October.

Final Thoughts: Both companies saw their stocks drop in 2024.

Holidays With Your Family: How to give family and friends useful crypto advice (Cointelegraph)

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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.