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✌️ ETF Double-Header
As spot Ethereum ETF anticipation abounds, a different one-of-a-kind ETF enters the market.
Brooks Dyroff
May 21, 2024
Happy Tuesday, Zingernation! One presidential candidate is facing a litany of lawsuits. Another is losing traction in the polls. But the third? He’s brain-worm-free and buying shares of GameStop.
–Aaron Bry & Nic Chahine
Today’s Price Action:
$SPY: +.25%
$QQQ: +.20%
$DIA: +.17%
Plus, check out the company that’s taking advantage of the growing, $75 billion cosmetics industry.
TODAY’S MOST VOLATILE STOCKS
TODAY’S TOP STORY
Briefly: Crypto markets remained buoyant as Ethereum futures peaked at an all-time high of $15.1 billion, propelled by speculation of an imminent spot Ethereum ETF approval.
So Basically: An administrative request by the SEC could potentially signal spot Ethereum ETF approvals are imminent.
So Then: Major cryptocurrencies traded higher today amid rising hype around potential Ethereum ETFs, similar to the Bitcoin ETFs approved earlier this year.
So What? IntoTheBlock data noted a 53.8% surge in large transaction volume and a 7.7% increase in daily active addresses. Transactions greater than $100,000 nearly doubled.
What Next: An official SEC announcement on ETH ETFs is expected on Thursday.
Click here to read more.
PRESENTED BY BIORESTORATIVE
As advancements in technology make it easier to enhance natural beauty, the global aesthetics market, which was worth $75.46 billion in 2023, is expected to reach a value of $232.49 billion by 2032, growing at a CAGR of 13.34% between 2024 and 2032. Medical aesthetics, a subsection of the global aesthetics market, was estimated to be worth $15.4 billion in 2023 and is expected to reach $25.9 billion by 2028 at a CAGR of 11%. BioRestorative Therapies Inc. (NASDAQ: BRTX) intends to elaborate on this commercial platform in connection with its Q1 filing, along with a general business update.
FIVE MOVERS
Urban Outfitters stock moved higher after the close following the apparel company’s earnings report, which exceeded investor expectations.
NVIDIA shares edged higher today, closing up around 1% as investors appear excited ahead of the tech giant’s earnings report.
Barnes & Noble Education shares skyrocketed, closing up more than 100% on reports that the company is engaging in acquisition talks with strategic investors.
$DJT shares closed down nearly 10% in Tuesday’s session after Truth Social reported a massive first-quarter loss before the bell.
Tesla stock rallied today, closing up more than 5% as investors rushed to buy the dip on the beaten-down EV giant.
ONE TRADE IDEA FOR TOMORROW
Briefly: Investment advisor Roundhill’s GLP-1 & Weight Loss ETF $OZEM marks a significant milestone as the world's first GLP-1 ETF.
So Basically: Roundhill asserts that weight loss drugs, particularly GLP-1 agonists, are among the most revolutionary advancements in the global pharmaceuticals industry.
So Then: $OZEM is the only ETF providing dedicated exposure to transformative weight loss stocks such as Zepbound-maker Eli Lilly and Ozempic-maker Novo Nordisk.
Quoted: “These new treatments work incredibly well,” Roundhill CEO Dave Mazza told Benzinga.
So What? Citing Goldman Sachs research, Mazza believes the market for weight loss drugs could expand more than 16 times its current size from its current $6 billion and reach $100 billion by 2030.
PRESENTED BY BIORESTORATIVE
As advancements in technology make it easier to enhance natural beauty, the global aesthetics market, which was worth $75.46 billion in 2023, is expected to reach a value of $232.49 billion by 2032, growing at a CAGR of 13.34% between 2024 and 2032. Medical aesthetics, a subsection of the global aesthetics market, was estimated to be worth $15.4 billion in 2023 and is expected to reach $25.9 billion by 2028 at a CAGR of 11%. BioRestorative Therapies Inc. (NASDAQ: BRTX) intends to elaborate on this commercial platform in connection with its Q1 filing, along with a general business update.