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Dogecoin's Trump Problem 🐕
And, Warner Bros. Discovery's board.
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Today is Wednesday, January 15, 2025.
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Dogecoin's Trump Problem 🐕
The so-called meme coin Dogecoin was a cryptocurrency winner on Tuesday with a price gain exceeding 5%.
Details: Dogecoin stood out on Tuesday as new reports suggested that Donald Trump could issue multiple executive orders on crypto during his first day in office next week.
Background: Why is Dogecoin reacting so strongly to Trump? It’s because of a combination of Trump’s pro-crypto messaging and Dogecoin’s strong ties to Trump supporter Elon Musk.
Price: Dogecoin more than doubled in price since the election, although the price has been down a bit since mid-December.
Early Bird’s Nest Egg Gains: Despite initial optimism, there are several reasons why Trump's presidency could be bad for Dogecoin.
If Musk's role in the Trump administration becomes controversial or limited, it could negatively impact Dogecoin.
While Trump has made pro-crypto promises, his actual policies may differ.
Final Thoughts: Dogecoin is one of the most volatile coins in crypto.
AI-ighty Potential
Dubbed the "the rocket fuel of AI" by Wired, this groundbreaking innovation has sparked fervent excitement across Wall Street. And with projections soaring to a potential market cap of $80 trillion – equivalent to 41 Amazons – the magnitude of its impact cannot be overstated.
But here's the real deal: nestled within this tech revolution lies an opportunity for sharp investors to invest in a remarkable company poised to dominate its corner of this burgeoning market.
And thanks to The Motley Fool, the full narrative of this extraordinary tech trend has been compiled into an exclusive report, designed to arm you with the insights needed to make informed investment decisions.
Notables
Notable Earnings Today: JPMorgan Chase (NYSE: JPM), Concentrix (Nasdaq: CNXC), Citigroup (NYSE: C), BlackRock (NYSE: BLK), H.B. Fuller (NYSE: FUL), Wells Fargo (NYSE: WFC), Goldman Sachs (NYSE: GS), BNY Mellon (NYSE: BK), Home Bancshares (NYSE: HOMB), Synovus (NYSE: SNV).
Notable IPOs Today: American National Group Inc. (NYSE: ANG), Plum Acquisition Corp. IV Unit (Nasdaq: PLMKU).
Notable Equity Crowdfunding Campaigns Ending Today: re|Space (Wefunder), Agua Bonita (Wefunder), Ovum Health (StartEngine), Citadel North (PicMii), Bizly (StartEngine), Monarch Village GH (Wefunder), Goodness In Grains (Honeycomb), Getaway Space (StartEngine).
Notable Economic Events Today: Consumer Price Index / Core CPI (8:30 a.m. ET), NY Empire State Manufacturing Index (8:30 am. ET), Crude Oil Inventories (10:30 a.m. ET), The Beige Book (2:00 p.m. ET).
Warner Bros. Discovery's Board
Warner Bros. Discovery (Nasdaq: WBD) ticked up 0.62% in after-hours trading on Tuesday after announcing two new board directors.
Details: The company welcomed Anthony Noto, CEO of SoFi Technologies (Nasdaq: SOFI), and Joey Levin, the departing CEO of IAC (Nasdaq: IAC), to the board. Levin announced he was leaving his role at IAC this week.
Final Thoughts: Warner Bros. Discovery needs to get investors excited again. The stock is down nearly 6% in the last 12 months.
Calavo Growers Slides After Mixed Results
The avocado company Calavo Growers (Nasdaq: CVGW) fell 9.26% in after-hours trading on Tuesday after posting mixed financial results.
Financials: Calavo Growers reported revenue of $170 million in the past quarter, which was better than expected. But earnings per share came in at 5 cents, which was lower than expected.
Final Thoughts: This continues a bad trend for Calavo Growers. The stock is down 16% in the last 12 months.
Trends to Watch
Cutting Costs: Microsoft pauses hiring in U.S. consulting unit as part of cost-cutting plan, memo says (CNBC)
That’s Cold: Cold-Storage Operator Lineage Is Cutting Staff (Wall Street Journal)
Zucked: Meta is cutting 5% of its ‘lowest performers’ (CNN)
Tough Times: US Inflation Data to Remain Firm, Feeding Fears of Higher Rates (Bloomberg)
Bad Boeing Year: Crisis-hit Boeing delivered less than half as many jets as Airbus in 2024 (The Seattle Times)
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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.