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- Why Chainlink Is Suddenly Hot 🚀
Why Chainlink Is Suddenly Hot 🚀
And, Apple's Saudi Arabia expansion.
Today is Monday, December 9, 2024.
The Early Bird Index today is 85.88
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Why Chainlink Is Suddenly Hot 🚀
The price of the cryptocurrency Chainlink jumped about 9% on Sunday to reach its highest value since January 2022.
Price: Chainlink is now up 38% in December. In the last 30 days, it has doubled in price.
Details: Why the sudden surge? Market momentum, technical factors, and increased trading volume seem to be behind the recent price increase.
Also: One report said that investors who own a lot of crypto are starting to get behind Chainlink right now.
Early Bird’s Nest Egg Gains: Several key events in 2024 contributed to Chainlink's significant price surge.
21X, a tokenized securities trading and settlement system in Europe, announced a partnership with Chainlink a few weeks ago.
Chainlink has been growing its use cases across the decentralized finance and traditional finance sectors.
Final Thoughts: Keep in mind that the price of Chainlink, as with other altcoins, can be volatile.
This Stock is Up 220% and Primed for the Next Breakout
Bank of America analysts predict gold will hit $3,000 by 2025 — and this hidden gold stock is set to benefit.
With gold's post-election dip, now could be a good opportunity to consider adding to your portfolio. Savvy investors understand the value of holding gold and gold stocks.
This stock has made impressive gains in recent years, and with insiders continuing to buy, it's one to keep on your watchlist.
P.S. The last gold stock we highlighted in this newsletter saw a strong rally, climbing over 60% just days after our feature. Be sure to keep this one on your watchlist!
This is a sponsored advertisement on behalf of Four Nines Gold. Past performance does not guarantee future results. Investing involves risk. View the full disclaimer here: https://shorturl.at/73AF8
Notables
Notable Earnings Today: Toll Brothers (NYSE: TOL) C3.ai (NYSE: AI), Oracle (NYSE: ORCL), MongoDB (Nasdaq: MDB), Hello Group (Nasdaq: MOMO), Braze (Nasdaq: BRZE), Vail Resorts (NYSE: MTN), Casey's General (Nasdaq: CASY), Yext (NYSE: YEXT), Phreesia (NYSE: PHR), Rent the Runway (Nasdaq: RENT), VersaBank (Nasdaq: VBNK), Planet Labs PBC (NYSE: PL), HealthEquity (Nasdaq: HQY).
Notable IPOs Today: New Era Helium Inc Common Stock (Nasdaq: NEHC), Dynamix Corporation Class A Ordinary Shares (Nasdaq: DYNX).
Notable Equity Crowdfunding Campaigns Ending Today: Kaktus Brewing Company (Honeycomb), Red Bird Produce (Honeycomb), Donna Jean (Honeycomb), Orso Nero Pizza (Honeycomb).
Notable Economic Events Today: NY Fed 1-Year Consumer Inflation Expectations (9:00 a.m. ET).
Apple's Saudi Arabia Expansion
On Sunday, Apple (Nasdaq: AAPL) announced plans to expand its presence in Saudi Arabia.
Details: Apple will open an online store in Saudi Arabia in the summer of 2025. A physical Apple retail store will open in Saudi Arabia in 2026.
Why This Matters: Apple must grow its direct sales in other countries without relying so much on third-party sellers.
Stock Price: Apple’s stock is up 30% this year, including a 7% gain in the last 30 days.
Final Thoughts: We’ll see if this expansion impacts Apple’s stock today.
Omnicom May Reportedly Acquire Interpublic
The Wall Street Journal reported Sunday that Omnicom Group (NYSE: OMC) is in advanced talks to acquire Interpublic Group (NYSE: OPG).
Final Thoughts: Omnicom’s stock is up this year while Interpublic’s stock is down.
Trends to Watch
Meme Stock Days: Is the Roaring Kitty effect over? (Seeking Alpha)
Ad Milestone: Ad Revenue Predicted to Top $1 Trillion This Year for the First Time (Wall Street Journal)
Jerome Forever: Donald Trump says he won't try to remove Fed chief Jerome Powell (NBC News)
Large Bitcoin Event: Trump family and allies to bask in crypto industry's euphoria at Gulf bitcoin gathering (Reuters)
Warning: ‘The mother of all bubbles’ in the US is sucking money away from the rest of the world, market expert says (Fortune)
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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.