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Nvidia’s AI Surge Lifts Stocks as Market Breadth Widens

Nvidia’s AI Surge Lifts Stocks as Market Breadth Widens

Nvidia and the AI boom keep driving stocks to new highs. Still, a long-awaited shift toward smaller companies may be starting. The S&P 500 rose 1.7 percent in the holiday-shortened week between Friday, February 16, and Friday, February 23. The index also crossed...

Call Buyers Target Square as Jack Dorsey Talks Crypto with Elon Musk

Call Buyers Target Square as Jack Dorsey Talks Crypto with Elon Musk

Yesterday was big for cryptocurrencies as Elon Musk and Jack Dorsey spoke publicly about Bitcoin. The event also triggered a wave of bullish options activity in Dorsey's payments company, Square. Most of the volume focused on the short-term 23-July 255 calls. Buyers...

Options Activity Alert: Bullish Activity Detected in Square

Options Activity Alert: Bullish Activity Detected in Square

Square (SQ) has gone nowhere for months, but options traders seem to be keeping the faith. Unusual call volume was detected yesterday in the fintech company run by Jack Dorsey, with two distinct transactions occurring. First, investors amassed more than 15,000 28-May...

Cryptocurrencies Score Gains as Payment Giant Enters Market

Cryptocurrencies Score Gains as Payment Giant Enters Market

Summary Paypal (PYPL) to begin offering crypto payment service.Bitcoin (BTC) rose more than 10% to new 52-week highs. Late last week, crypto-asset exchange OKEx suddenly suspended cryptocurrency withdrawals without much explanation. Later, reports surfaced that the...

Cryptocurrencies Remain Strong as Industry Legal Hurdle Cleared

Cryptocurrencies Remain Strong as Industry Legal Hurdle Cleared

Summary Grayscale obtains SEC reporting company status for Ethereum (ETH) trust.Bitcoin (BTC) price action remains strong after large investment from Square (SQ). A legal milestone was reached this week in the cryptocurrency industry. Grayscale Investments, one of the...

Bitcoin Rips Higher on Square News

Bitcoin Rips Higher on Square News

Summary President Donald Trump’s tweet about a suspension of stimulus talks sent world markets seesawing.Square (SQ) converted $50 million into Bitcoin (BTC) Global markets went on a roller-coaster ride this week following news that President Donald Trump had...