tl;dr
Jan van Eck, CEO of VanEck Associates, discussed small-cap stock performance, government spending's impact, and the crypto market on CNBC's "Closing Bell Overtime." Van Eck highlighted the Russell 2000's significant rise, attributed to government spending and low unemployment rates. He noted potenti...
Small-cap stocks have experienced a significant rise, although uncertainty remains regarding a sustained trend. This surge is attributed to substantial government spending and low unemployment rates, preventing a recession and putting pressure on the Federal Reserve.
Jan van Eck, CEO of VanEck Associates, highlighted the potential fiscal challenges and their impact on small-cap stocks, along with Bitcoin's volatility and bullish long-term fundamentals. He also discussed the gold market trading at record highs due to geopolitical tensions and central bank buying, as well as the declining appeal of traditional safe-haven currencies, making gold and Bitcoin attractive.
Van Eck addressed the recent movements in the crypto market, noting Bitcoin's characteristic volatility and the short-term pressures it faces, including government selling and market dynamics. He emphasized the bullish outlook for Bitcoin, citing long-term fundamentals such as the halving event and Federal Reserve easing policies.
Looking ahead, Van Eck predicted potential fiscal challenges in 2025 and expects continued easing policies to support both gold and Bitcoin.
More about C3 Ai Inc
C3 Ai Inc (C3) operates in the Technology sector, specifically in the Services-Prepackaged Software industry.
The company has a market capitalization of $3.83 billion and reported a revenue of $310.58 million.
Currently, the stock is priced at $29.35 per share.
Key financial metrics include:
- Change: -2.34
- Earnings per Share (EPS): $2.602
- Price to Earnings (P/E) ratio: -0.901
- Dividend Yield: 0%
- Beta: 0.196
More about Rush Street Interactive Inc
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Rush Street Interactive Inc, Rush Street Interactive, Inc. is an online casino and sports betting company in the United States and Latin America. The company is headquartered in Chicago, Illinois.
Industry: TRADE & SERVICES
Sector: SERVICES-MISCELLANEOUS AMUSEMENT & RECREATION
Market Cap: 1946795000
Dividend Yield: None
Beta (5Y Monthly): -0.17
PE Ratio (TTM): 10.48
EPS (TTM): -0.0158
Volume: 746228000
Market Cap (Intraday): 10.03
Forward Dividend & Yield: 0,0.888
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More about BlackBerry Ltd
BlackBerry Ltd
BlackBerry Limited provides intelligent security software and services to businesses and governments around the world. The company is headquartered in Waterloo, Canada.
Sector: Technology
Industry: Services - Prepackaged Software
Market Cap: 1468200000
Dividend Yield: None
Beta (5Y Monthly): None
PE Ratio (TTM): -0.27
EPS (TTM): 1.064
Profit Margin: -0.258
Revenue: 624000000
Quarterly Revenue Growth (YoY): 3.2
Operating Cash Flow: 0
Total Cash: -0.614