In fact, act now! Why? Because 92% of the companies in the S&P 500 have reported earnings for the first quarter. Of these companies, 78% have reported actual Earnings Per Share (EPS) above the mean EPS estimate, which is actually above the 10-year average of 73%. However, it must be remembered that analysts had drastically lowered predictions back in June 2022. Thus, it begs the question, is this Q1 earnings the story of a strong economy or the story of the lowering of estimates? But either way, for investors, it only means one thing – get in now with the fundamentally strong companies at bargain prices because their stock price is only going to go one way: UP!
But we are also left wondering, is Bitcoin on the brink? Will the crypto titan rise or stay low? Bitcoin’s narrow trading range seems to be holding it hostage as Bitcoin locks itself within its tightest range since 2020. But if Bitcoin can break above 30,000 we believe there’s a very high probability it will go up towards $44,000, $45,000. It’s this possibility that continues to make it king among crypto investors.
Talking of questions, the crypto hardware wallet provider Ledger shook the crypto world this week as shocking news about its’ seed phrase came to light raising concerns about security and safety. The controversy was fuelled by the unveiling of their new “Ledger Recover” service. Ledger’s CTO, Charles Guillemet, reassured users about the stringent control over firmware that restricts private key extraction, although worryingly he conceded that using such a wallet does require a minimal amount of trust! As the debate rages on, it’s clear that Ledger is having to work hard to regain trust while reassuring its user base about the safety of their assets and seed phrases. Thus Ledger users must be on their guard, and crypto investors in general must always remain vigilant when weighing up crypto opportunities.
