Financial sector was down 210bps over the last five sessions
Author: Dean Kim
O’Neil Global Cryptocurrency Weekly
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.
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.