GS Sep 2024 335.000 put
| Previous close | 0.0100 |
| Open | 0.0100 |
| Bid | 0.0000 |
| Ask | 0.0000 |
| Strike | 335.00 |
| Expiry date | 2024-09-20 |
| Day's range | 0.0100 - 0.0100 |
| Contract range | N/A |
| Volume | |
| Open interest | 541 |
- Yahoo Finance Video
Why Trump is seen as a 'friendlier' leader for crypto, fintech: Analyst
Citizens JMP director of financial technology research Devin Ryan joins Market Domination to discuss his top crypto and fintech plays and the sectors' outlook as the election looms ahead. Ryan points to Robinhood (HOOD) as a buying opportunity despite it trading at 11 times its 2025 EBITDA (earnings before interest, taxes, depreciation, and amortization) estimate. "You can make an argument that there's still a long way to go," Ryan says, pointing to the fact that, he says, the company has grown its revenues by 40% this year and made more money in the first half of 2024 than they did in all of 2023 all while keeping expenses low. He also sees Goldman Sachs (GS) as a good opportunity, noting that it is a "pure play on a capital markets recovery." He explains, "We've been in this incredibly depressed capital markets environment the last two and a half years... So if you think we're going to recover there, which lower interest rates, more risk-on, and just purely time going by, Goldman is going to be more levered to that." However, he notes that Morgan Stanley (MS) is in a weaker position despite it being a "stable" company. Ryan argues "wealth management has benefited from higher interest rates. As rates come down, you get a little bit of a headwind from interest rates. So what's been a benefit becomes a little bit of a headwind. And so they're less of a pure play on that capital markets story." As the presidential election lies less than two months away, Ryan explains that the Trump campaign is running on less regulation than the Harris campaign, making it a "friendlier administration for fintech, for crypto." He adds, "The voting bloc is becoming much more pro-crypto, there's more people that have exposure to crypto in the United States." Thus, single-issue voters are going to be very important in this upcoming election. He believes that because of this the Harris administration will likely roll out "more constructive" policy than the Biden administration has over the last four years. "That doesn't necessarily mean everything's going to be great, that the industry wants. But I think we're moving the pendulum more toward the middle," he concludes. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Melanie Riehl
- Yahoo Finance Video
Post-cut volatility is 'opportunity' for investors: Strategist
US stocks edge (^DJI, ^IXIC, ^GSPC) lower after the Federal Reserve cut interest rates by 50 basis points Edward Jones senior investment strategist Mona Mahajan joins Seana Smith and Josh Lipton on Market Domination Overtime to discuss how investors should be thinking about the Fed's new rate-cutting cycle. “[Fed Chair]Jerome Powell did a nice job today of implementing the 50-basis-point rate cut” while also “signaling very clearly that he does not think the economy is in any sort of imminent danger of a downturn or recession. In fact, he reiterated a few times that the economy is holding up well. The labor market is in good shape, and this 50-basis-point rate cut is a sign of confidence that inflation is moving much closer to their target,” Mahajan tells the Market Domination Overtime team. “The data is favorable that we are headed towards what we'd call that 'soft-ish' landing" with some of the economic data points above where the Fed wants them, but “nowhere near negative growth rates,” which is another positive sign. “Earnings growth is another underlying key factor for both the economy and the markets, frankly,” Mahajan says ahead of the upcoming earnings season. Looking at the labor market, the strategist says, “We are seeing a cooling, not a collapsing, but it's also been driven by new entrants to the workforce, rather than those layoffs and job cuts that all of us and households across the country may be more worried about. That's a good sign.” She highlights the major indexes strength year-to-date but notes, “We are, of course, headed towards a choppier period, historically choppier period,” with September and October historically being challenging months for the market as well as the presidential election in November. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Naomi Buchanan.
Barrons.comAn Apple Card Takeover Would Mark a Different Kind of JPMorgan Rescue
The big bank is in talks to take over the Apple credit-card program, according to The Wall Street Journal.
