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Bitcoin Plunges Below $50,000 As Sell-Off Intensifies

Bitcoin is headed for its worst week in nearly two months as President Joe Biden’s proposed capital gains tax increase for the wealthiest Americans intensified volatility in the digital coin. Intense selling drove bitcoin down as low as $47,467, taking the world’s largest cryptocurrency below the $1 trillion market cap. Bitcoin is trading at $49,198 at the time of writing. “Bitcoin has slipped below the 50-day moving average support that it held sacrosanct through this ...

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Universal Forest Products (NASDAQ: UFPI): Universal Forest Products announced yesterday that its board of directors approved a quarterly dividend payment of $0.15 per share at their most recent meeting. The dividend is payable on June 15, 2021 to shareholders of record on June 1. “As a result of our company’s strong performance and our confidence in future earnings, in January ...

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MKC has moved into a long-term downward trend – is it a good buy or a bad risk?

That same mindset also means that seeing stocks trading at or near historical lows tends to pique a value investor’s interest. Sometimes a long decline in a stock’s price can be attributed to significant problems in a company’s profitability and operations; but if the market inflates a stock’s price faster than a company builds its profits, it also often depresses a stock’s price much faster, and much further than a company’s book of business suggests. That creates the kind of bar...

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Cross Country Healthcare, Inc. provides talent management and other consultative services for healthcare clients in the United States. The company operates in three segments: Nurse and Allied Staffing, Physician Staffing, and Search. The Nurse and Allied Staffing segment offers traditional staffing, including temporary and permanent placement of travel nurses and allied professionals, branch-based local nurses, and allied staffing; short-term staffing of registered nurses, licensed practical ...

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Investing is Inherently Risky - There are risks inherent in all investments, which may make such investments unsuitable for certain persons. These include, for example, economic, political, currency exchange, rate fluctuations, and limited availability of information on international securities. You may lose all of your money trading and investing. Do NOT enter any trade without fully understanding the worst-case scenarios of that trade. And do NOT trade with money you cannot afford to lose. Past performance of an investment is not necessarily indicative of its future results. No assurance can be given that any implied recommendation will be profitable or will not be subject to losses.

                  

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