great call Ted SHORT EL SALVADOR!! In June they were down $50 mil..... El Salvador has embraced Bitcoin like no other country, with the government purchasing hundreds of coins last year as it announced that the cryptocurrency would become legal tender. But as the cryptocurrency market cools off, El Salvador's investment is rapidly losing value – to the tune of at least $50 million
I think Van is short LNG Cheniere Energy, Inc. (LNG) NYSE American - Nasdaq Real Time Price. 164.35 -9.01 (-5.20%) As of 03:34PM EST. Europe warm winter? Putin turning tail?
Yikes only 1,700 traded... If we bought 2,000 what would happen? PropertyGuru Limited (PGRU) NYSE - Nasdaq Real Time Price. 5.41-0.05 (-0.82%) As of 12:20PM EST. Market open.
Van these are your two Brazil ideas and we have NU kind of need two more ideas in Brazil but I wouldn't use Vale. The new guy is left leaning. LZRFY----> $13.24 WEGZY ---> $7.0
Localiza Rent a Car S.A. (LZRFY) Other OTC - Other OTC Delayed Price. 13.47-0.49 (-3.51%) As of 03:00PM EST. WEG S.A. (WEGZY) Other OTC - Other OTC Delayed Price. 7.98-0.05 (-0.62%) Nu Holdings Ltd. (NU) NYSE - Nasdaq Real Time Price. 4.7050-0.4050 (-7.9256%)<------- As of 03:43PM EST.
NU becomes a good trade here because they report soon and they always beat their number.- Adding more. What happened Nu Holdings (NU -7.83%) was dropping fast on Wednesday, as the stock price was down as much as 8.2% in the morning session. By 2 p.m. ET, it was down about 7% to $4.75 per share. It was a bad day all around as the major indexes were all down, with the Dow Jones Industrial Average off 1.4%, the S&P 500 down 1.4%, and the Nasdaq dropping 1.8% as of 2 p.m. So what The overall market decline related to the unsettled U.S. elections was likely the main reason that Nu Holdings, a Brazil-based online bank, was falling today. Control of the Senate and House was still up in the air as of Wednesday afternoon, and the uncertainty spooked investors. Another fact that may have hurt Nu was the subpar earnings report by Upstart Holdings, a fellow fintech that missed analysts' estimates and saw revenue tank on a sharp decrease in loans and a greater-than-anticipated loss per share. GBA word-- NU is in Brazil!!! UPST haS NO baring Ditto OUR election these are BS reasons! Excuses to sell. NYSE: NU Nu Holdings Ltd. Today's Change (-7.83%) -$0.40 Current Price $4.71 These factors may have weighed on all fintechs, but Nu Holdings, the holding company for Nubank, operates in a completely different market, Brazil, along with other Latin American markets. It actually had some good news on Wednesday that the market didn't recognize. OPPORTUNITY!!!!!!! Now what One positive development for Nu on Wednesday was an outperform rating by analysts at Credit Suisse. Credit Suisse initiated coverage of Nu Holdings with a $6.50 price target, which would be a 36% increase from current levels. Also, Brazil's Economy Ministry came out with gross domestic product (GDP) growth estimates for 2023 and set a range of 1.4% and 2.9%. This is within the range of previous estimates of roughly 2.5% GDP growth. This year, the economy is expected to finish with 2.7% growth in GDP. Brazil is where it's at! Even the lower end of the GDP growth range is higher than the projected 1.1% GDP growth for the U.S. next year. Nu Holdings has been growing rapidly as a disruptor in the Brazilian market with lower-cost digital banking services. It had record revenue in the second quarter and grew its customer base by 57% year over year last quarter. Nu Holdings reports third-quarter earnings on Nov. 14, so investors will want to see if it continues that forward momentum. HAND OVER FIST ALERT******* NU
This selloff has me concerned because of the crypto angle something I have always feared and do not understand at all. I can't get my mind around it it's a younger generation thing... me the US dollar is working pretty well so far just leave things alone. But Nooooooooooooooooo. This exchange now has backed out of buying the other exchange & now that one is going to crash and al those coins will vaporize.