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Ethereum's Bad January, Explained
Plus, Estée Lauder reviews brands.
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Today is Tuesday, January 28, 2025.
The Early Bird Index today is 81.35
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Ethereum's Bad January, Explained
Ethereum's price has declined by about 4% since the beginning of the year.
Zooming Out: By comparison, Bitcoin is up about 9% this year. Most major cryptocurrency prices are up in January.
Powering the Story: According to The Market Periodic, some analysts attribute Ethereum's lackluster performance to investors favoring more exciting and outperforming assets.
There have also been some controversies involving the leadership of the Ethereum Foundation, according to CoinDesk.
Early Bird’s Nest Egg Gains: There are several potential ways Ethereum could turn things around in 2025.
Leaders of the Ethereum Foundation unveiled the Ethereum 2025 strategy, an ambitious plan to revive the project's momentum.
There are also potential catalysts for growth, such as increased institutional adoption.
Final Thoughts: It’s been over three years since Ethereum reached its all-time high price.
Notables
Notable Earnings Today: Lockheed Martin (NYSE: LMT), Boeing (NYSE: BA), Starbucks (Nasdaq: SBUX), General Motors (NYSE: GM), SAP (NYSE: SAP), Invesco (NYSE: IVZ), Royal Caribbean (NYSE: RCL), Xerox (Nasdaq: XRX), Lending Club (NYSE: LC), F5 Networks (Nasdaq: FFIV), Logitech (Nasdaq: LOGI), RTX (NYSE: RTX), Synchrony Financial (NYSE: SYF), JetBlue Airways (Nasdaq: JBLU), Packaging Corp of America (NYSE: PKG), Sysco (NYSE; SYY), Chubb (NYSE: CB), Stride (NYSE: LRN), Commvault Systems (Nasdaq: CVLT), Kimberly-Clark (NYSE: KMB), Stryker (NYSE: SYK), Adient (NYSE: ADNT), Ashland (NYSE: ASH), Axos Financial (NYSE: AX), BXP (NYSE: BXP), Houlihan Lokey (NYSE: HLI), Littelfuse (Nasdaq: LFUS), Manhattan Associates (Nasdaq: MANH), PACCAR (Nasdaq: PCAR), Polaris Industries (NYSE: PII), Popular (Nasdaq: BPOP), Provident Financial Services (NYSE: PFS), Qorvo (Nasdaq: QRVO), RenaissanceRe (NYSE: RNR), Renasant (NYSE: RNST), UMB Financial Corp (Nasdaq: UMBF), Veritex Holdings (Nasdaq: VBTX).
Notable IPOs Today: Twin Hospitality Group Inc. Class A Common Stock When-Issued (Nasdaq: TWNPV), Aeva Technologies, Inc. Common Stock (Nasdaq: AEVA), Smithfield Foods, Inc. Common Stock (Nasdaq: SFD).
Notable Equity Crowdfunding Campaigns Ending Today: Popsmith (StartEngine), Level Up Live (StartEngine), Pantheon Podcasts (StartEngine), Sost (Honeycomb).
Notable Economic Events Today: Durable Goods Orders / Core Durable Goods Orders (8:30 a.m. ET), S&P CoreLogic Case-Shiller U.S. National Home Price Index (9:00 a.m. ET), CB Consumer Confidence (10:00 a.m. ET), Atlanta Fed GDPNow (10:30 a.m. ET), API Weekly Crude Oil Stock (4:30 p.m. ET).
Estée Lauder Reviews Brands
Estée Lauder (NYSE: EL) declined by 1.23% in after-hours trading on Monday after Bloomberg reported that the cosmetics company is reviewing its portfolio of beauty brands amid management changes. The report said the company is working with Evercore on its portfolio review.
Final Thoughts: Estée Lauder, down 38% in the last 12 months, is reviewing its brands because it needs to turn the company around.
Nucor Posts Good Financial Results
Steel producer Nucor (NYSE: NUE) ticked up 0.22% in after-hours trading on Monday after posting better-than-expected financial earnings results.
Final Thoughts: The stock is down 30% in the last 12 months.
Trends to Watch
Ugly Day for AI Stocks: DeepSeek sparks global AI selloff, Nvidia loses about $593 billion of value (Reuters)
Unhealthy Times: CDC ordered to stop working with WHO immediately, upending expectations of an extended withdrawal (Associated Press)
Not Lovin’ It: McDonald’s U.S. Marketing Chief Steps Down (Wall Street Journal)
Attention Shoppers: Amazon taps Whole Foods CEO to oversee grocery business (CNBC)
Relentless: MicroStrategy Snaps Up More Bitcoin. How It Plans to Finance Future Purchases. (Barron’s)
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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.