Tag: Bull

Cycling’s BMC And F1’s Red Bull Advanced Technologies Hint At Cycling Revolution

Swiss cycling brand BMC and U.K.-based Formula One motor racing team Red Bull Advanced Technologies have released a teaser video promising a “cycling revolution.”

In the video, former professional sprint cyclist Fabian Cancellara rides—fast—on an obscured road racing bicycle and ends by claiming that “if this works it’s going to change everything.”

BMC has been working with Aston Martin Red Bull Advanced Technologies for two years and the teaser video released on October 6 is the first communication about the collaboration since it was announced in 2018.

“After almost two years of intense research and development, Red Bull Advanced Technologies and innovative Swiss bike brand BMC have moved into the prototyping phase of their technology partnership,” said a joint announcement.

Red Bull Advanced Technologies’ Vehicle Science team has been helping BMC technicians with simulations of bike behavior based on data from Computational Fluid Dynamics (CFD) models.

The

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Bitcoin Bull John McAfee Arrested In Spain, Sued By SEC For Misleading Cryptocurrency Promotion

KEY POINTS

  • SEC charges John McAfee for misleading the public by promoting initial coin offerings without disclosing that he was paid to do so
  • The SEC says his actions are a violation of federal securities laws
  • He has also been charged with tax evasion and willful failure to file returns

John McAfee, the creator of the eponymous anti-virus software and a known cryptocurrency enthusiast, has been arrested in Spain for allegedly evading taxes in the U.S. and willfully failing to file tax returns. He has also been accused of making misleading cryptocurrency recommendations.

In a 55-page complaint, the Securities and Exchange Commission (SEC) said McAfee has leveraged his fame to earn more than $23.1 million in undisclosed compensation when he promoted at least seven initial coin offerings (ICOs) among his followers. The regulator said McAfee was misleading the public because he did not disclose the payment he received from these

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5 Must-Own Stocks for the New Bull Market

This has arguably been the most volatile year on record for equities, but we’ve finally entered the homestretch. We’ve witnessed a 34% decline in the benchmark S&P 500 in under five weeks, and a ferocious rebound from a bear market bottom to new highs that took less than five months.

Although this volatility ended the longest bull market run in U.S. history dating back to 1860, the aforementioned ferocious rally also gave birth to a new bull market. While history suggests that there will undoubtedly be hiccups along the way, bull markets tend to last for many years. This means the perfect opportunity is at hand for long-term investors to scoop up excellent businesses.

Investors should consider the following five companies as must-own stocks for the new bull market.

A shaded outline of a bull on a black background.

Image source: Getty Images.

Square

We’re witnessing a changing of the guard in the financial sector, and companies that focus on

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What does Honda’s departure mean for Red Bull and F1?

Honda’s decision to leave Formula One at the end of 2021 poses big questions for Red Bull and for the sport as a whole.

First and foremost, two teams, Red Bull and Alpha Tauri, need to find a new engine supplier by this time next year. The sport has rules in place to ensure no team is left without a power unit in its cars, but based on the current contracts in F1, that would pair Red Bull with its former engine partner, Renault.

That relationship did not end well back in 2018, and neither side has shown a desire to bury the hatchet. What’s more, Red Bull — the only team capable of challenging the dominant Mercedes outfit this year — would go from being a works team with Honda engines to a customer team with Renault, presenting a significant setback in its progress.

But Honda’s decision also raises

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Why one stock-market bull thinks it’s ‘pretty absurd’ to compare tech selloff to 2000’s dot-com bust

This isn’t Pets.com 2.0.


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History isn’t repeating itself when it comes to the highflying technology stocks sector, despite a sudden round of jitters following the Nasdaq’s quick tumble into correction territory this month after a breakneck rally off the pandemic-induced March lows, according to one longtime Wall Street bull.

“After a 62% price run-up in technology stocks since the March lows, all it took was a three-day, 11.4% selloff to shake the confidence of investors and incite renewed fears of a severe and prolonged price decline comparable to the dot-com bubble,” said Brian Belski, chief investment strategist at BMO Capital Markets, in a Thursday note.

Read: The only path to a sharply higher stock market ‘is a bubble like the late 1920s and 1990s,’ says analyst who called rally off March lows

Belski said he found the “constant comparisons to the early 2000s pretty absurd given the significant

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Why one stock-market bull thinks it’s ‘pretty absurd’ to compare tech selloff to 2000’s dot-com bust

THE TELL

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History isn’t repeating itself when it comes to the highflying technology stocks sector, despite a sudden round of jitters following the Nasdaq’s quick tumble into correction territory this month after a breakneck rally off the pandemic-induced March lows, according to one longtime Wall Street bull.

“After a 62% price run-up in technology stocks since the March lows, all it took was a three-day, 11.4% selloff to shake the confidence of investors and incite renewed fears of a severe and prolonged price decline comparable to the dot-com bubble,” said Brian Belski, chief investment strategist at BMO Capital Markets, in a Thursday note.

Read: The only path to a sharply higher stock market ‘is a bubble like the late 1920s and 1990s,’ says analyst who called rally off March lows

Belski said he found the “constant comparisons to the early 2000s pretty absurd given the significant

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The 3-day plunge in US stocks won’t derail the longer-term bull market, JPMorgan technical strategists say



a man wearing a suit and tie: Associated Press


© Associated Press
Associated Press

  • Investors should view the three-day sell-off in stocks that began last week as a short-term setback within a longer-term bull market, JPMorgan said in a note on Wednesday.
  • The decline in the broad indexes led by technology stocks hasn’t violated critical support levels and came as the indexes were in overbought conditions.
  • The absence of euphoric sentiment readings among investors is one more reason JPMorgan thinks the recent market sell-off will be temporary.
  • Visit Business Insider’s homepage for more stories.

The three-day sell-off that began last week is just a “setback within a bull trend,” according to JPMorgan.

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In a note published on Wednesday, JPMorgan said the technicals behind the nearly 10% sell-off in the S&P 500 lacked the traditional patterns found at a market top.

“The absence of trend deceleration, a broad distribution pattern, and/or euphoric sentiment readings” led JPMorgan to view

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Goldman’s Oppenheimer Says Tech Can Continue Driving Bull Market

(Bloomberg) — Technology stocks remain investors’ best bet and can continue driving returns in the current bull market, according to Peter Oppenheimer, Goldman Sachs Group Inc.’s chief global equity strategist, even as the near-term risk of a market correction persists.

The Wall Street guru is advising clients to keep their faith in tech stocks after numerous market players got burned last week during a plunge in the Nasdaq 100 Index, driven by some of the frothier tech companies like Amazon.com and Apple Inc. Goldman is maintaining its overweight recommendation in tech stocks in every region thanks to the sector’s strong cash generation, earnings and stable balance sheets, said Oppenheimer.

In backing some of the biggest stock market winners of the past six months, Oppenheimer is wagering on an acceleration in the “digital revolution” fueled by lockdowns and increased use of the internet and technology as working from home became the

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Here’s Why Traders Expect A Bull Run

KEY POINTS

  • Analysts pointed to more upside as Bitcoin knocks on $12,000 again
  • Technical analyst Eric Thies suggested Bitcoin might not drop belop $10,000 again
  • Some argue the next consolidation level is between $10,000 and $14,000

Bitcoin briefly touched $12,000 Monday before closing at $11,923, a slight 2% gain vs. the previous day. As the benchmark cryptocurrency once again tries breaching past the psychological level of $12,000 for the 4th time since Aug. 2020, analysts are expecting further upside in the coming days. 

The strength of the $10,000 level provided a good support for Bitcoin. It can be noted that the benchmark crypto tried breaking $10,000 for two months before doing so on July 27. Since then, Bitcoin only touched the $10,000 level once and has never closed below $11,000 since August. 

Technical analyst Eric Thies suggested Bitcoin might not drop belop $10,000 again. “We may never see #bitcoin below

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