Category: Bitcoin Analysis

3 Reasons Why Kevin O’Leary Is Right That Tesla Is Not Overpriced

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Kevin O’Leary defies Elon Musk’s pronouncement that Tesla’s stock is overpriced. The “Shark Tank” star is right on the money as Tesla is not your average car company. Its massive trove of autonomous driving data may eventually disrupt the auto industry. Tesla’s stock (NASDAQ:TSLA) is one of the hottest assets in the world, up 82% year-to-date. While chief executive Elon Musk thinks his company’s shares are overvalued, serial entrepreneur Kevin O’Leary begs to differ. In a recent CNBC Halftime appearance, Mr. Wonderful emphatically said that: No, [Tesla] is not overvalued.…

Riot Is Finally Taking Female Gamer Harassment In Valorant Seriously

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Valorant’s creative director doesn’t want harassment and bullying to become the status quo. Riot Games is committed to fighting the problem and is making finding long-term solutions a priority. The developer acknowledges that the problem is complex, but wants to guarantee “a similar experience” for all players. The Valorant closed beta launched a month ago today. From millions of Twitch viewers hunting drops to professional outfits announcing their first Valorant rosters, things are moving fast for the latest eSports contender. Despite Valorant’s early successes, and the fact it has yet…

Shockingly Bad Unemployment News Is Great News for Disney+ and Netflix

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The U.S. unemployment rate is expected to rise dramatically with the release of April’s job report. Tight budgets will force Americans to turn more towards affordable at-home entertainment options such as streaming services. Netflix, Disney+ and other streaming services are some of the likely beneficiaries. The coronavirus pandemic has caused massive job losses, with unemployment set to surge to double-digit levels. Economists surveyed by Dow Jones expect a loss of 21.5 million jobs in April, pushing the unemployment rate to 16%. Source: Twitter The devastating job losses will be good…

Fortnite Has More Registered Gamers Than the Entire U.S. Population

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There are now 350 million registered Fortnite players, according to developer Epic Games. In April, players logged a staggering 3.2 billion hours of play time. Fortnite continues to grow, albeit at a slower pace than in the past. Epic Games has announced that its flagship battle royale shooter Fortnite now has 350 million registered players. 350 Million Registered Players Epic Games also notes that in April, players sunk over 3.2 billion hours into the game. How that figure compares to an average month for Fortnite is unclear. The widespread lockdown…

This Stock Market Indicator is About to Smash The Tech Bubble Peak

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The stock market growth to value ratio is at historic extremes. One hedge fund manager warns this indicates equities are in a bubble. It’s not the only indicator echoing the Dot Com bubble. The stock market has entered the doldrums after a record-setting crash followed by a record-setting rally. And first-quarter earnings season hasn’t seemed to clear up any of the uncertainty. Over the past week, the market doesn’t seem sure whether valuations should move up or down. The fundamental question for hedge funds right now is whether equities are…

Housing Market Shines a Hopeful Beacon for a Plague-Ravaged Economy

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Mortgage applications for home purchases rose for a third straight week, indicating that demand remains strong despite the coronavirus pandemic. Applications could spike even further as more states begin to revoke their stay-at-home orders. Will the pent-up demand seen in the housing market translate to other sectors of the economy too? In an economy ravaged by a sudden stop in business activity and skyrocketing unemployment, the housing market continues to provide a solitary glimmer of hope for the optimists. The latest data from the Mortgage Bankers Association suggest that demand…

Here’s Why Oil Prices Will Never Recover

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This rally can only go so far as supply concerns threaten to sink oil prices once again. Even as economies reopen, demand for oil will remain depressed. The OPEC+ cuts weren’t enough to offset weak demand. Last month when oil prices fell to the horrifying low of -$42 per barrel, investors started to worry about looming oversupply issues. Simply put, the world is running out of places to store the stuff as coronavirus lockdowns weigh on demand. But this week we saw prices start to rise, and Donald Trump was…

A Quarter Million Deaths Later, Dutch Team Finds Coronavirus Blocker

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A Dutch team may be on to a cure for the SARS coronavirus. In a report published Monday, researchers say they’ve stopped the virus from spreading in cell cultures with a potent antibody. Many lives and an economic recovery hang in the balance as scientists race for a safe, effective coronavirus treatment. Since spreading from an animal “reservoir” within the ecosystem to humans, the coronavirus or SARS‑CoV has caused over 250,000 deaths. Biotech companies and university labs have been racing to find a vaccine or antiviral treatment. Now a team…

Severe Disney Earnings Miss Is About To Ruin The Dow’s Week

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Disney just posted a harrowing earnings miss for quarter one. Its stock fell in after hours trading, along with Dow futures and ETFs. The stunning report could shell shock the Dow the rest of this week. Disney badly missed Wall Street expectations in its first quarter earnings report. That is likely to drag down Disney stock (NYSE:DIS) and the Dow Jones after the benchmark rallied Monday and Tuesday. Disney shares didn’t share in the rally. Even on Star Wars Day (May the Fourth be with you!), DIS took a 2.08%…

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