Latest news with #ProShares
Yahoo
2 days ago
- Business
- Yahoo
Trump's EU Deal 'Good For US Markets,' Say Experts: META, AAPL, PLTR Among Likely Winners — See Full List
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. A newly finalized trade agreement between the U.S. and the European Union is poised to significantly benefit U.S.-based LNG exporters, the Magnificent 7 technology giants, and the broader tech sector, according to market experts. What Happened: The deal, announced ahead of the Aug. 1 deadline, is seen as removing a key layer of uncertainty that had hung over the markets. Louis Navellier, founder and chief investment officer of Navellier & Associates, told Benzinga that LNG exporters such as Dorian LPG Ltd. as likely winners. He noted that 'the analyst community is revising their earnings estimates higher' for these companies. Trending: 7,000+ investors have joined Timeplast's mission to eliminate microplastics— The trade deal includes the EU's commitment to purchase $750 billion in U.S. energy over three years and invest another $600 billion in the U.S. economy. Navellier also pointed to the 'Magnificent 7 and other big U.S. technology companies' as beneficiaries, anticipating that 'the EU is expected to be more reluctant to hit them with digital taxes' under the Donald Trump Administration. The agreement's impact extends to the overall U.S. stock market. Chris Zaccarelli, chief investment officer at Northlight Asset Management, told Benzinga that he views the deal as 'good for US markets as it removes some of the uncertainty that was an overhang for the market, and at a 15% rate, it is lower than what was originally feared.' Zaccarelli reiterated the positive outlook for technology and emphasized the energy sector, stating it 'will be an even bigger beneficiary because of the intent of the EU to buy more energy from the United States as a result of the new trade deal.' While the deal brings clarity, some of the positive news may have already been factored into stock prices. Zaccarelli noted, 'news of this deal being 'close' was released last week and some of the good news was likely already reflected in prices before today's official announcement.' Here's a list of the energy and technology sector beneficiaries highlighted by experts; Energy Stocks YTD Performance One-Year Performance Exxon Mobil Corp. (NYSE:XOM) 3.85% -4.01% Chevron Corp. (NYSE:CVX) 6.52% -0.20% Occidental Petroleum Corp. (NYSE:OXY) -8.55% -24.31% EOG Resources Inc. (NYSE:EOG) -2.45% -2.82% Marathon Petroleum Corp. (NYSE:MPC) 23.54% 1.65% CVR Energy Inc. (NYSE:CVI) 52.93% 6.69% Schlumberger NV (NYSE:SLB) -6.25% -24.78% Dorian LPG Ltd. (NYSE:LPG) 18.02% -25.71%Energy ETFs YTD Performance One-Year Performance United States Oil Fund LP (NYSE:USO) 0.31% 2.63% ProShares Ultra Bloomberg Crude Oil (NYSE:UCO) -11.66% -16.09% SPDR S&P Oil & Gas Exploration & Production ETF (NYSE:XOP) -2.89% -8.66%Big Tech Stocks And ETF YTD Performance One-Year Performance Nvidia Corporation (NASDAQ:NVDA) 27.79% 58.39% Apple Inc. (NASDAQ:AAPL) -12.22% -1.92% Microsoft Corp. (NASDAQ:MSFT) 22.44% 20.10% Inc. (NASDAQ:AMZN) 5.71% 27.07% Alphabet Inc. (NASDAQ:GOOG) 1.46% 13.03% Meta Platforms Inc. (NASDAQ:META) 19.76% 54.09% Tesla Inc. (NASDAQ:TSLA) -14.16% 40.28% Roundhill Magnificent Seven ETF (BATS:MAGS) 7.46% 31.23% Why It Matters: Looking ahead, experts believe the Aug. 1 deadline is largely being adhered to, providing further market certainty. However, major outstanding trade negotiations include China, where Treasury Secretary Scott Bessent is reportedly in talks to extend the Aug. 14 deadline, and continuing discussions with Mexico and Canada. Smaller deals with other nations are also anticipated to be finalized by the end of this week. Read Next: $100k+ in investable assets? Match with a fiduciary advisor for free to learn how you can maximize your retirement and save on taxes – no cost, no obligation. If there was a new fund backed by Jeff Bezos offering a 7-9% target yield with monthly dividends would you invest in it? Photo courtesy: Shutterstock This article Trump's EU Deal 'Good For US Markets,' Say Experts: META, AAPL, PLTR Among Likely Winners — See Full List originally appeared on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
7 days ago
- Business
- Yahoo
XRP Pulls Back After Technical Surge; Pattern Still Points to $6 Target
XRP traded in a wide $0.11 range between $3.46 and $3.57 during the 24-hour period ending July 23 at 08:00 GMT. The asset posted a 3% swing as bulls drove price to a session high of $3.57 on 106.4 million volume, before profit-taking triggered a reversal back to $3.46. The late decline broke key support at $3.50, which had been retested multiple times overnight. Volume surged as institutional flows reacted to a confluence of catalysts: advancing U.S. crypto legislation, fresh ETF approvals, and long-awaited technical pattern completion. Analysts still point to $6–$15 price targets long term, but warn of short-term consolidation risk. News Background • XRP broke above $3.65 last week, completing a six-year symmetrical triangle.• ProShares launched the first XRP futures ETF, marking a milestone in regulated institutional access.• U.S. Congress advanced the GENIUS and CLARITY Acts, pushing forward crypto regulation clarity, fueling fund flows into large-cap digital assets. Price Action Summary The most aggressive move came at 17:00 GMT on July 22, when XRP jumped from $3.52 to $3.56 in under an hour on 106.4 million volume—over 50% above the daily average of 70.1 million. Resistance formed at the $3.56–$3.57 zone, capping upside and triggering a steady retreat through the overnight session. The final hour (07:10–08:09 GMT) saw a breakdown from $3.47 to $3.46, as volume spiked to 2.5 million between 07:37 and 07:49. That move cracked the previously firm $3.49–$3.51 support band, confirming a short-term trend shift as selling overwhelmed buyers. Technical Analysis • 24-hour trading range: $3.46–$3.57 (3.18%)• Bullish breakout at 17:00 July 22: $3.52 → $3.56 on 106.4M volume• Support zone: $3.49–$3.51 tested multiple times overnight, failed by session close• Resistance zone: $3.56–$3.57 capped rally, now defining next breakout point• Breakdown confirmation: $3.47 → $3.46 on 2.5M volume spike• RSI neutral; MACD turning lower — signals likely consolidation before next directional move What Traders Are Watching Institutional participation remains elevated amid ETF inflows and improving regulatory optics. Despite the near-term rejection at $3.57, analysts continue to flag bullish setups targeting $6.00 and even $15.00 over multi-month timeframes. The $3.50 level now acts as psychological pivot for bulls to defend in upcoming sessions. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
23-07-2025
- Business
- Yahoo
XRP Climbs 4% on Triangle Breakout, Holds $3.50 Amid Profit-Taking
XRP posted a 4% gain during the 24-hour trading window from July 22 at 03:00 to July 23 at 02:00, with prices moving between a low of $3.42 and a high of $3.57 before closing near $3.51. The move follows a technical breakout from a six-year symmetrical triangle and coincides with key developments in U.S. crypto legislation and the launch of institutional investment products. Despite bullish momentum throughout the day, institutional selling emerged in the final hour of trading, paring gains and signaling possible near-term consolidation. News Background The U.S. Congress advanced the GENIUS and CLARITY Acts, establishing a legal framework for digital assets and reducing uncertainty around XRP's security classification. ProShares launched the first XRP futures ETF, a milestone for institutional adoption. Wall Street analysts have issued $6.00 price targets on XRP following confirmation of the triangle breakout, with longer-term projections reaching as high as $15.00. Price Action Summary XRP broke above $3.52 resistance during the 17:00–18:00 window on volume of 106.4 million—roughly 52% above the 24-hour average of 70.1 million. The breakout propelled prices toward the $3.57 session high before selling pressure in the final hour dragged prices back to $3.51. The final 60-minute window from 01:09 to 02:08 GMT showed distribution behavior. Prices climbed from $3.50 to $3.52 by 01:46 before reversing. A high-volume drop of 2.25 million units between 02:02–02:03 marked the day's most intense sell-off, pushing prices to $3.50 before a marginal recovery. Technical Analysis Symmetrical triangle breakout confirmed above $3.00 with a high of $3.64 earlier in the week. Resistance: $3.57 (intraday), with strong overhead supply observed in the final hour. Support: $3.42 retested successfully multiple times, confirming strong institutional bid zone. RSI and MACD remain neutral, suggesting limited short-term momentum. Analysts maintain $6.00 near-term target; $15.00 flagged as long-term projection based on breakout extension. What Traders Are Watching Whether $3.50 holds as a psychological and technical support level in the next 24 hours. Follow-through buying interest from institutions post-ETF launch. Congressional momentum on further digital asset regulation. Spot ETF developments and their influence on broader investor exposure. Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
23-07-2025
- Business
- Yahoo
XRP Climbs 4% on Triangle Breakout, Holds $3.50 Amid Profit-Taking
XRP posted a 4% gain during the 24-hour trading window from July 22 at 03:00 to July 23 at 02:00, with prices moving between a low of $3.42 and a high of $3.57 before closing near $3.51. The move follows a technical breakout from a six-year symmetrical triangle and coincides with key developments in U.S. crypto legislation and the launch of institutional investment products. Despite bullish momentum throughout the day, institutional selling emerged in the final hour of trading, paring gains and signaling possible near-term consolidation. News Background The U.S. Congress advanced the GENIUS and CLARITY Acts, establishing a legal framework for digital assets and reducing uncertainty around XRP's security classification. ProShares launched the first XRP futures ETF, a milestone for institutional adoption. Wall Street analysts have issued $6.00 price targets on XRP following confirmation of the triangle breakout, with longer-term projections reaching as high as $15.00. Price Action Summary XRP broke above $3.52 resistance during the 17:00–18:00 window on volume of 106.4 million—roughly 52% above the 24-hour average of 70.1 million. The breakout propelled prices toward the $3.57 session high before selling pressure in the final hour dragged prices back to $3.51. The final 60-minute window from 01:09 to 02:08 GMT showed distribution behavior. Prices climbed from $3.50 to $3.52 by 01:46 before reversing. A high-volume drop of 2.25 million units between 02:02–02:03 marked the day's most intense sell-off, pushing prices to $3.50 before a marginal recovery. Technical Analysis Symmetrical triangle breakout confirmed above $3.00 with a high of $3.64 earlier in the week. Resistance: $3.57 (intraday), with strong overhead supply observed in the final hour. Support: $3.42 retested successfully multiple times, confirming strong institutional bid zone. RSI and MACD remain neutral, suggesting limited short-term momentum. Analysts maintain $6.00 near-term target; $15.00 flagged as long-term projection based on breakout extension. What Traders Are Watching Whether $3.50 holds as a psychological and technical support level in the next 24 hours. Follow-through buying interest from institutions post-ETF launch. Congressional momentum on further digital asset regulation. Spot ETF developments and their influence on broader investor exposure. Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy. 擷取數據時發生錯誤 登入存取你的投資組合 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤
Yahoo
22-07-2025
- Business
- Yahoo
Top analyst predicts XRP could soar 430% in the near term
Top analyst predicts XRP could soar 430% in the near term originally appeared on TheStreet. XRP, the third-largest cryptocurrency, is among the best-performing digital assets this cycle, as it has soared around 80% over the span of a month. There are several factors behind XRP achieving such extraordinary momentum. There is, of course, the broader crypto market rally tied to the tailwind offered by Bitcoin's historic rally. Then, there are developments tied to Ripple, such as the banking license application and the launch of ProShares XRP futures exchange-traded fund (ETF). As per Kraken, XRP was trading at $3.51 at the time of writing, around 10% lower than its record high of $3.84 that it hit on Jan. 4, 2018. Join the discussion with CryptosRUs on Roundtable here. While most market analysts are hoping for the crypto asset to merely surpass its highest price, there is one analyst who can spot its value appreciating more than 400% soon enough. Ali Martinez, a crypto analyst who goes by the handle @ali_charts on X, shared XRP's price analysis chart on July 22. The analyst spotted XRP forming a symmetrical triangle pattern. Let's dig deeper into the technical analysis. The chart shows the upper and lower trendlines converge from late 2024 until July 2025, showing price consolidation. Next, Ali anticipates a price breakout, and since it is equal to the height of the triangle at its widest point, XRP is expected to hit $15 soon enough. Given its current price, the analyst is expecting XRP to soar around 430%. It's an extraordinary expectation. But then, the cryptocurrency has soared 470% over a year. Disclaimer: The content above is intended for informational purposes only and should not be taken as financial advice. Do your own research before investing. Top analyst predicts XRP could soar 430% in the near term first appeared on TheStreet on Jul 22, 2025 This story was originally reported by TheStreet on Jul 22, 2025, where it first appeared.
