- Ring The Bell
- Posts
- 😲 What The SEC Chair's Exit Means For Crypto - And Other Markets
😲 What The SEC Chair's Exit Means For Crypto - And Other Markets
Plus, what Santa has in store for small caps
You're receiving this email because you're subscribed to Ring the Bell from Benzinga. To manage your subscription, click the link at the bottom of this email.
TGIF! SEC Chair Gary Gensler announced he’ll step down on Trump’s inauguration day, ending his tough stance on crypto with lawsuits against Coinbase and Binance - as well as for other asset classes. Meanwhile, small cap stocks have been on a tear, and there’s good reason to think they’re going to keep rallying until Santa arrives.
—Josh Enomoto
Plus, if you’re interested in investing in potentially high-growth startups, check out today’s sponsor.
MARKET RECAP
Yesterday: Stocks closed higher with utilities and financials leading the charge. Google’s parent, Alphabet, faced pressure after the DOJ suggested it sell off the Chrome web browser to address monopolization concerns. Jobless claims beat expectations, signaling a healthy labor market.
On Our Radar: Key economic data lies ahead next week, particularly the S&P/Case-Shiller Home Price Index. Video conferencing specialist Zoom will release earnings on Monday, as will metals and mining giant BHP.
TOP STORY
SEC Chair Gary Gensler announced he’ll step down on Jan. 20, 2025, Trump’s inauguration day, marking a shift in leadership.
With Gensler’s exit, here’s how a potential change in regulation could impact cryptocurrencies and other markets.
SPONSORED CONTENT
Unless you're wealthy or have access to founders or other insiders, investing in start-ups isn’t easy to do.
There are venture capital funds, but they tend to require a hefty sum to invest. Crowdfunding is another option, but you aren’t likely to find the Facebooks of tomorrow on these platforms.
SuRo Capital, the New York investment firm, is yet another option, potentially leveling the playing field for everyday investors. Through its stock, everyday investors have access to its portfolio of start-ups.
SuRo Capital invests in AI, software and consumer companies that are disrupting their respective markets. They have strong founders, are in fast-growing markets and say they are focused on shareholder value. SoRu invests at an attractive price, realizing gains for shareholders. Some of its successful investments include Palantir Technologies Inc. (NYSE: PLTR), Dropbox Inc. (NASDAQ: DBX) and Spotify Technology SA (NYSE: SPOT). To learn more about SuRo Capital and its venture fund click here.
This is a paid ad. Please see 17b disclosure here for more information.
FIVE ZINGERS
Cold Feet: While semiconductor giant Nvidia delivered the goods in its latest earnings report, NVDA stock encountered choppy trading. Technical analysis offers clues as to its future trajectory.
Retail Boom: Despite mixed signals in the consumer market, TJX Companies posted better-than-expected Q3 earnings. Take a look at what Wall Street analysts are saying about TJX stock.
Bear Attack: Short-seller Grizzly Research released a scathing report, blasting SharkNinja as a “hustle.” Check out the sordid details that threaten to derail one of the hottest new listings.
Spinning Off: Comcast recently announced plans to separate certain cable networks and digital assets into a new entity called SpinCo. Here’s what Goldman Sachs thinks this will do to CMCSA stock.
Throwing Gas: Domestic natural gas prices have boomed this month amid a troubling geopolitical framework. Investors should keep their eyes on these seven companies to profit.
ONE FOR THE ROAD
Historically, small caps tend to excel in the final two months of the year, with November’s impressive gains often rolling into December as part of the so-called “Santa Rally.”
The Russell 2000 index, the leading benchmark for small-cap equities, has climbed an impressive 8% this November, on track for the second-best monthly performance of the year.
History shows this is likely to pave the way for a good December and a “Santa Rally” for small caps.
SPONSORED CONTENT
Get actionable news alerts up to 30 minutes earlier with Benzinga Pro for 60% off during our Early Black Friday Deal. Don’t miss your chance to trade smarter at our best price ever. Click here to join today.
BEFORE YOU GO
Were you forwarded this email? Click here to subscribe.
And be sure to check out our other newsletters:
Future Finance: Where fintech, crypto, and the future of finance collide. Future Finance is a perfect lunch read packed with quick bites for industry enthusiasts. Subscribe here.
Cannabis Daily: A must-read daily briefing for cannabis investors, operators, and enthusiasts. Join our list of industry veterans to jump start your morning. Subscribe here.
Real Estate Weekly: Ready to elevate your real estate game? This weekly newsletter provides actionable insights whether you are investing in REITs, owning property, or delving into the fast-growing world of fractional real estate. Subscribe here.
Advisor: Tailor-made for Financial Advisors, this weekly newsletter has industry-specific insights, analysis, and news. Subscribe here.