NVDA

Nvidia Corp

Bitcoin

Why Billionaire Frank Giustra Loves This $1 Bitcoin Stock

Billionaire Frank Giustra, one of the world's most successful investors, has thrown his weight behind an unassuming Bitcoin stock focused on cryptocurrency mining called Hive Technologies.

Giustra is best known for his efforts to help build up Goldcorp Inc. and as the founder of Lions Gate Entertainment. And he's not alone. Frank Holmes, chief investment officer at U.S. Global Investors, is also invested in Hive and serves as chairman of the company.

Here's why Hive has attracted these heavy hitters...

Stocks

Wall Street Is Dead Wrong on Semiconductor Stocks; This One Could Jump 77%

At the end of 2017, Morgan Stanley announced that semiconductor stocks were "currently at a peak" and that investors should have "increasingly negative prospects for the industry."

Morgan Stanley's comments sent the semiconductor industry into a tailspin – by late December, the sector had undergone a 10% correction, and Wall Street prospects for the industry's 2018 performance were increasingly dim.

However, they couldn't have been more wrong...

Stocks

Top 3 Undervalued Stocks to Buy After the February Correction

In the first week of February, stocks tumbled 10% – defined as a correction – from their all-time high on Jan. 26. Before that, the S&P 500 had climbed mostly without interruption since the last correction in mid-2015.

Sudden corrections certainly seem scary as they're happening. But in reality, they present investors a rare opportunity to purchase high-quality stocks at a discount to their true value.

That's why today we'll show you the best three undervalued stocks to buy after the recent stock market correction...

Dow Jones

Dow Jones Today Continues Extreme Volatility After Falling into Correction Territory

Dow futures showed signs of recovery after moving into correction territory in late trading yesterday. This was largely in response to congressional efforts to avoid a government shutdown.

Congress' slow progress on passing a new funding bill led to a government shutdown at midnight on Thursday. However, both Chambers of Congress passed a new bill in the early morning hours to keep the government open for another two years.

Now here's a closer look at today's most important market events and stocks, plus Friday's economic calendar....

Stock market crash

The 10 Largest Single-Day Losses for the Dow Ever

Yesterday, stocks saw their largest single-day losses for the Dow (in terms of points) since August 2011.

At one point, the Dow fell nearly 1,600 points before climbing back to finish the day down 1,175 points, or -4.6%.

All told, since peaking at 26,616.71 on Jan. 26, the Dow Jones fell 8.5%, to 24,345, by Feb. 5.

While the drop had many on Wall Street panicking, that's not even considered a correction, which is defined as a drop of more than 10%.

Here are the 10 largest one-day percentage plunges in U.S. stock market crash history...

Currencies

How to Trade the Next Crypto-Craze Crash

I sure hope you've heeded my repeated warnings.

Bitcoin went into free fall before coming to a rest at $9,199.59 early last Wednesday, some 52% below its all-time high as a worldwide digital sell-off intensified – roughly 19% of which happened in less than 24 hours. To put this in perspective, you're talking about a $30 billion buzzcut that would have wiped GoPro, Fitbit, and Twitter, combined, from the face of the earth.

Ethereum and Ripple – which are the second- and third-largest cryptocurrencies – fell about 30% and 27%, respectively, over the same time frame.

All three have since bounced back a bit but – mark my words – this will not be the last cryptocurrency crash.

So it's important you know how to trade the next one when it happens...

Dow Jones

Dow Jones Today Poised to Climb for Fifth Straight Day of 2018

The Dow Jones today is off to one of its best starts to a New Year in more than a decade.

Dow futures are down 12 points this morning despite high optimism for technology stocks. Today, one of the most important events in the tech sector, the Consumer Electronics Show, kicks off and will likely fuel significant optimism for the sector all week.

Here's a look at today's most important market events and stocks, plus a look at today's economic calendar...