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3 Crypto-Centric Stocks to Grab on the Ongoing Bitcoin Rally

3 Crypto-Centric Stocks to Grab on the Ongoing Bitcoin Rally

Globe and Mail5 days ago
The cryptocurrency rally has been continuing despite a mixed bag of economic data released over the past couple of weeks. The Federal Reserve is likely to keep interest rates unchanged, while uncertainty over the impact of President Donald Trump's tariffs is again raising concerns over the economy's future.
Bitcoin (BTC), which hit an all-time high last week, has managed to hold its ground and has surpassed expectations of analysts. The cryptocurrency is on track to hit another new all-time high, and experts believe that it has the potential to surpass $150,000 this year.
Given this situation, it would be ideal to invest in crypto-focused stocks. We have selected three stocks, namely Visa Inc. V, Robinhood Markets, Inc. HOOD and Interactive Brokers Group IBKR. Each of these stocks has strong growth potential for 2025 and has seen positive earnings estimate revisions in the last 90 days.
Bitcoin Rally Continues
Bitcoin hit an all-time high of $123,153.22 last week, before giving up some of its gains. The cryptocurrency has mostly been hovering around $119,000 since then. Concerns about potential new tariffs and a jump in June inflation caused by existing tariffs led to a slight dip in Bitcoin's value over the past few days.
However, Trump said on Tuesday that trade talks are underway with several countries and more deals will be announced before the Aug. 1 deadline for his tariffs. This came as Trump announced that the United States reached a massive $550 billion trade deal with Japan, just two weeks after threatening with 25% tariffs.
Trump also recently announced trade deals with the Philippines and Indonesia. Meanwhile, a surge in June retail sales suggests that the economy is still on solid ground, which gives the Fed ample reasons to keep interest rates unchanged in its upcoming meeting late this month.
However, market participants are still hopeful that the Federal Reserve will implement two 25 basis point rate cuts this year, which is likely to boost Bitcoin further.
3 Crypto-Centric Stocks With Upside
Visa Inc.
Visa is taking a significant step toward modernizing cross-border money movement. In a move aimed at enhancing the efficiency of global transactions, V is expanding its stablecoin settlement capabilities to the high-performing Solana blockchain. This expansion of V includes collaboration with prominent merchant acquirers Worldpay and Nuvei, marking a pivotal development in the world of digital payments.
Visa's expected earnings growth rate for the current year is 13.1%. The Zacks Consensus Estimate for current-year earnings has improved 0.6% over the last 90 days. V currently has a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
Robinhood Markets
Robinhood Markets, Inc. operates a financial services platform in the United States. Its platform allows users to invest in stocks, exchange-traded funds, options, gold and cryptocurrencies. HOOD buys and sells Bitcoin, Ethereum, Dogecoin and other cryptocurrencies using its Robinhood Crypto platform.
Robinhood Markets' expected earnings growth rate for the current year is 20.2%.The Zacks Consensus Estimate for current-year earnings has improved 18% over the last 60 days. Robinhood Markets currently has a Zacks Rank #1.
Interactive Brokers Group, Inc.
Interactive Brokers Group is a global automated electronic broker. IBKR executes, processes and trades in cryptocurrencies. IBKR's commodities futures trading desk also offers customers a chance to trade cryptocurrency futures.
Interactive Brokers Group has an expected earnings growth rate of 9.7% for the current year. The Zacks Consensus Estimate for current-year earnings has improved 9% over the last 90 days. IBKR currently has a Zacks Rank #1.
5 Stocks Set to Double
Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in the coming year. While not all picks can be winners, previous recommendations have soared +112%, +171%, +209% and +232%.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Today, See These 5 Potential Home Runs >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.
Visa Inc. (V): Free Stock Analysis Report
Interactive Brokers Group, Inc. (IBKR): Free Stock Analysis Report
Robinhood Markets, Inc. (HOOD): Free Stock Analysis Report
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Can Buying $10,000 of Nvidia Stock Still Make You a Millionaire?
Can Buying $10,000 of Nvidia Stock Still Make You a Millionaire?

Globe and Mail

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Can Buying $10,000 of Nvidia Stock Still Make You a Millionaire?

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The Stock Warren Buffett Spent $78 Billion Buying Over the Last 7 Years Is Slumping, and It Begs the Question: Has the Oracle of Omaha Lost His Touch?

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The U.S. economy is thriving in spite of tariffs. Will it last?
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WATCH | The future of Canada-U.S. free trade: Is Canada-US free trade dead? | About That 4 days ago North American free trade is teetering on the edge of uncertainty as U.S. President Donald Trump's tariffs continue to complicate how goods come and go. Andrew Chang explores signs that free trade — as we've come to know it — is on its way out, and challenges that may lie ahead in renegotiating the Canada-U.S.-Mexico Agreement (CUSMA). Images provided by Getty Images, The Canadian Press and Reuters. "There was a lot of front-running and that may be one of the big reasons why we haven't seen much impact yet," said BMO's Porter. "There's probably some pain to come, but I don't think it's going to be as bad as many economists were fretting about earlier this year, at least for the U.S." Canada's economy has shown resilience, too But both economists point to the fact that Canada's economy has also fared better than almost anyone had expected. 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I mean, the tariffs have not been as punitive for Canada as initially believed — nowhere close to it," said Mendes of Desjardins. Sector-specific pain However, real damage has been done in sectors like auto, steel, aluminum and lumber. The concern now is that the carve-outs Canada has secured for CUSMA-compliant products won't last. "Unless a trade deal is reached to significantly reduce U.S.-Canada tariffs by Aug. 1, when new U.S. tariffs are set to come into effect, we expect job losses and higher prices from tariffs to squeeze disposable income and cause households to tighten their purse strings," wrote Michael Davenport, senior economist at Oxford Economics in a note to clients. WATCH | Negotiations continue between Canada and the U.S.: Canada-U.S. Trade Minister Dominic LeBlanc, speaking to reporters in Washington, D.C., said Canada will only accept a deal when there is one in the best interest of workers and the Canadian economy on the table. On the one hand, some in the Trump administration will look at the U.S. economy's relative resilience as a reason to double down and push harder for more and more punitive tariffs. But escalation wouldn't just be bad for the Canadian economy. Right now, most businesses and consumers on both sides of the border have been sheltered from the worst impacts of the tariffs. That shelter depends on a fine and tricky balance of importers eating some costs, exporters dropping some prices and countries limiting retaliatory measures. Upending that balance further comes with risks on both sides of the dispute.

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