11 Coins of Fire

By George Banko

January 11, 2024

Attention Traders: It’s Thursday and our Head Trading Tactician Bryan Bottarelli has a special bonus video for you. Today Bryan is talking about the first step new traders should take before they start trading. Click the image below to learn more.

Good Morning Wake-Up Watchlisters! While you’re sipping coffee you’ll see stock futures were up on Thursday ahead of the inflation report. Stocks have struggled lately and the latest CPI print will be critical for traders anticipating a “soft landing.” Crypto stocks were also up on a key approval from the SEC (more on that below).

If the market swings after the CPI due today, our tacticians Bryan Bottarelli and Karim Rahemtulla will be ready in The War Room. Bryan and Karim combined to go 19-for-19 on their trades last week for a 100% win rate, and right now they’re guaranteeing you’ll receive 252 winning trades in your first 12 months.

Click here to join The War Room and start trading alongside Bryan and Karim today.

Coinbase (Nasdaq: COIN)

Coinbase Global Inc.’s (COIN) stock is up 5.62% in premarket trading due to the U.S. Securities and Exchange Commission’s (SEC) approval of eleven spot bitcoin ETFs. Coinbase will serve as the custodian for a majority of the issuers that were approved. This development is significant for Coinbase and the cryptocurrency market, as it represents a landmark step in gaining mainstream acceptance and potentially inviting more institutional investment into the crypto space.

Tech stocks have the potential for massive gains in the market. This week in Daily Profits Live, our Lead Technical Tactician Nate Bear closed a 105.06% winner on semiconductor company AVGO in 3 trading days.

To get Nate’s next tech trade, click here to join Daily Profits Live.

Marathon Digital Holdings, Inc. (Nasdaq: MARA)

Marathon Digital Holdings is up 7.45% premarket due to the overall rise in cryptocurrency-related stocks, driven by the increase in Bitcoin’s price. Bitcoin topped $47,000 to hit a fresh high for the year. The latest surge is part of a broader rally in crypto stocks, spurred by optimism about potential U.S. interest rate cuts and anticipation of the approval of U.S. stock market-traded Bitcoin funds.

Chargepoint Holdings (NYSE: CHPT)

Chargepoint is up 4.12% in premarket trading after its recent announcement of a new strategic reorganization, which includes cutting approximately 12% of its global workforce. This move is intended to enhance financial performance and ensure long-term, sustainable growth. The reorganization is expected to save the company around $33 million, which may have positively influenced investor sentiment.

KB Home (Nasdaq: CHPT)

KB Home is down 2.09% in premarket trading after posting lower sales and earnings for its fiscal fourth quarter. However, the homebuilder said it is seeing signs of improving demand as the Federal Reserve signals that it won’t raise interest rates further. Overall, revenue fell 14% to $1.67 billion, but topped analysts’ expectations of $1.63 billion.

Yesterday our Head Trading Tactician Bryan Bottarelli opened a trade on KB Home in The War Room.

Click here to learn more about how Bryan’s overnight trading strategy could lead to gains regardless of a stock’s direction.