MARA Dec 2024 9.000 put
- Yahoo Finance Video
Nvidia slips, Trump Media soars, Marathon CEO: Catalysts
On today's episode of Catalysts, Hosts Brad Smith and Madison Mills break down the trading day's biggest stories, from Nvidia's (NVDA) decline to headwinds in the space industry. After hitting record highs, Nvidia is on track for its third consecutive session of losses. Harvest Portfolio Management Co-CIO and Nvidia shareholder Paul Meeks expects Wednesday's shareholder meeting to "make investors feel comfortable that there is a long runway" as the company touts its AI initiatives. He believes CEO Jensen Huang's remarks will cause the stock to rebound from its period of decline. While Nvidia has spearheaded the tech sector rally, Glenmede Chief of Investment Strategy and Research Jason Pride believes investors should adopt a more "disciplined" approach to their portfolios amid current market (^DJI, ^IXIC, ^GSPC) conditions. He explains that the current environment necessitates two key investor behaviors: "be comfortable with not chasing the trade," and "actively rebalance portfolios." He believes that this approach allows investors to trim exposures and manage investment risks effectively. As the 2024 presidential election lies just five months away, shares of Trump Media & Technology Group (DJT) are trading higher ahead of Thursday's debate between President Biden and former President Donald Trump. Yahoo Finance's Senior Columnist Rick Newman breaks down what viewers can expect from this historic face-off and key topics likely to dominate the debate. Marathon Digital Holdings (MARA) CEO Fred Thiel provides insight on how the cryptocurrency market views both administrations, explaining that Trump has positioned himself as a pro-bitcoin (BTC-USD) candidate while "the Biden administration has been very hostile to bitcoin." Finally, as part of Yahoo Finance's Space Race: Investing in the Final Frontier series, Space Capital founder and managing partner Chad Anderson joins the show to give insight into the next big catalysts for the space industry. "Today, there's a new world order with the US and China collectively accounting for 80% of orbital launches and 75% of total funding over the last ten years," Anderson explains. He adds that because of geopolitical tensions, the US and China know "very little" about each other's programs, and reveals that China's innovation has allowed it to become a leader in the last two years. Catch up on Yahoo Finance's special coverage as part of this week's Space Race: Investing in the Final Frontier series. This post was written by Melanie Riehl
- Yahoo Finance Video
Biden 'very hostile' to bitcoin: Marathon Digital Holdings CEO
With the 2024 presidential election just five months away, Marathon Digital Holdings (MARA) CEO Fred Thiel joins Catalysts to discuss which candidate the cryptocurrency market favors. "Former President Trump has obviously positioned himself as the candidate that is pro-bitcoin (BTC-USD). He believes that all bitcoin should be mined in the US and has been very open in his relationships with bitcoin miners and people in the space," Thiel explains. On the other hand, he says, "the Biden administration has been very hostile to bitcoin," pointing to "Operation Choke Point 2.0" as one way the administration is trying to curb the crypto industry. "Bitcoin serves the needs of everybody. It doesn't have any political color to it. We think both parties should embrace it. And in Congress, we've already seen the Democrats in both the Senate and the House of Representatives embracing bitcoin and crypto legislation," Thiel explains, stressing the importance of bipartisanship. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Melanie Riehl
- Yahoo Finance Video
Bitcoin on track for third worst week of 2024. Here's why.
Bitcoin (BTC-USD) is headed for its third worst week of the year as the crypto market is under pressure. Marathon Digital Holdings (MARA) CEO Fred Thiel joins Catalysts to discuss bitcoin's movement and how Marathon Digital Holdings handles the cryptocurrency's volatility. Thiel points to several issues facing bitcoin that are causing an increased supply in the market. First, Germany's criminal bureau is selling about 50,000 BTC. Japanese bitcoin exchange Mt. Gox is set to distribute a large volume of bitcoin in July as part of its bankruptcy. In addition, miners are selling large amounts of bitcoin to continue to fund and expand their operations. Thiel states that "bitcoin is historically very volatile," adding that Marathon Digital Holdings has a "very strong balance sheet" to deal with the cryptocurrency's swings. He explains that Marathon is focused on diversifying the business, starting a technology division to focus on areas getting a boost from bitcoin mining and the AI race, such as liquid cooling. He adds that the business is also focused on energy harvesting, leveraging bitcoin mining to generate new revenue streams. Thiel points to Marathon's recent initiative in Finland to heat 11,000 homes with the heat from its data center. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Melanie Riehl
