The Securities and Exchange Commission (SEC) approved a fund that tracks the price of Ethereum. The SEC said a group of exchanges could begin listing investment products known as exchange-traded funds, or ETFs, linked to the price of Ether.
Author: Dean Kim
Dean Kim is an Executive Director, Research Analyst for William O’Neil + Co..
Mr. Kim joined the firm to establish equity research coverage of the financial technology (“fintech”) sector. He has unique insight into the industry’s growth drivers, with broad experience covering the financial sector as an analyst and overhauling corporate business processes as a management consultant.
Most recently, Mr. Kim served as Chief Financial Officer of Jios Aerogel Limited, a leading producer of the aerogel nanotechnology-based insulation material. As CFO, he raised more than $5 million in capital and managed liquidity, budgeting, and forecasting. Previously, he was an equity analyst for more than a decade. From 2007–2011, Mr. Kim headed equity research for BNP Paribas’ Korea office and simultaneously covered the banking sector, for which he was ranked number one by the Thomson Reuters/Joong-Ang Daily poll. He was also an equity analyst on Lehman Brothers' proprietary trading desk in Hong Kong, and on an Institutional Investor-ranked small cap team at UBS. Earlier in his career, Mr. Kim, an engineer, worked as a business process redesign specialist at Deloitte Consulting, analyzing the organization-wide processes of utilities and manufacturing companies.
Mr. Kim earned a Bachelor’s degree in Electrical Engineering at Yale University, and an MBA from Columbia Business School.
Outside of work, Mr. Kim enjoys coaching his kids’ soccer teams and traveling with his family.
Buy HOOD as It Breaks Out to 52-Week Highs on Strong Volume
Key Points:
- Buy Robinhood stock as it breaks out to its 52-week high from an early-stage base on strong volume. It is actionable in the range of $20.6–21.6.
- Improving fundamental profile: EPS Rank has improved to 80 from 68 since its addition to the Focus List. Robinhood is expected to turn profitable in FY24. EPS estimates for FY24 and FY25 have been revised upward by 48% and 11%, respectively, in the last month.
- Strong technical profile: RS line is at its multi-year highs. RS Rating above 95 for the past nine weeks indicates outperformance. Acc/Dist Rating has been highly positive and stands at A-, indicating strong money inflows. Institutional sponsorship more than doubled y/y to 661 funds as of March. Group Rank improved to 19 from 63 in the past six weeks.
O’Neil Financial Sector Weekly
Financial sector was up 90bps over the last five sessions.
O’Neil Global Cryptocurrency Weekly
Toncoin is the best performer year-to-date, gaining ~189%.Toncoin is the best performer year-to-date, gaining ~189%.
O’Neil Financial Sector Weekly
Financial sector was up 140bps over the last five sessions.
O’Neil Global Cryptocurrency Weekly
Toncoin is the best performer year-to-date, gaining ~189%.
O’Neil Financial Sector Weekly
Financial sector was up 80bps over the last five sessions.
O’Neil Global Cryptocurrency Weekly
Toncoin is the best performer year-to-date, gaining ~129%.
O’Neil Financial Sector Weekly
Financial sector declined 0.3% over the last five sessions.
O’Neil Global Cryptocurrency Weekly
Toncoin is the best performer year-to-date, gaining ~133%.