Back to top
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
NVIDIA Corporation (NVDA) - free report >>
MicroStrategy Incorporated (MSTR) - free report >>
We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties. You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies. In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
NVIDIA Corporation (NVDA) - free report >>
MicroStrategy Incorporated (MSTR) - free report >>
Brian's Big Idea: Bitcoin
In this video today Brian takes another look at Bitcoin. The recent weakness in the market has sent many of the bitcoin stocks much lower and the question is if this presents a buying opportunity or not.
Brian starts off with a look at an ETF that tracks Bitcoin, but since it doesn’t have a Zacks Rank we are really left with technical analysis to help predict the movements in the underlying security.
When people mention Bitcoin and want to trade it in the equity markets they often look at MicroStrategy (MSTR - Free Report) . This stock also does not have a Zacks Rank as there are no analysts submitting estimates to the Zacks Consensus. Investors that are looking for leverage when investing in Bitcoin can use MSTX or MSTU for 2x the impact of the stock. The leverage can really help in a bull market for crypto, but it can also be rather painful in a bear market.
Next up if Coinbase (COIN - Free Report) which is also a Zacks Rank #1 (Strong Buy). This company is a crypto trading platform that has seen a big pull back from the $300 level and the end of January to the $180 price range as the markets have weakened of late. COIN serves as the custodian for a lot of large financial services platforms and that takes a lot of risk out of the equation.
The bitcoin miners have really been left by the side of the road over the last few months as AI took the pole position. There was a lot of talk about the bitcoin miners switching their compute power over to AI and while I don’t like that idea, it serves as a potential alternative revenue source. We look at two bitcoin miners, Hive Digital (HIVE) and Cipher Mining (CIFR - Free Report) . Of those two, Cipher Mining (CIFR - Free Report) has a Zacks Rank #1 (Strong Buy)
Finally we look Blockchain Innovators, a service run by David Bartosiak. David has been tasked with leveraging the Zacks Rank to help find the best Bitcoin / Blockchain. One of his many nicknames is “Buy and Hold” Bartosiak and we can see what kind of returns you can get with you hold a stock for five and a half years. Dave has an absurd 2,400% gain on Nvidia (NVDA - Free Report) and a cost basis of $4.33 after all the splits.
Be sure to check out this great service at Zacks.com.