The Metaplanet stock (OTCMKTS: MTPLF) rallied a massive 26.49% on Friday as soon as the Japanese firm announced a massive $5.4 billion fundraise, through an equity financing plan, for additional Bitcoin purchases. The stock ended trading at $11.65 yesterday, and is already up 245% over the past month. Market analysts believe that MTPLF still has
The post Metaplanet Stock Jumps 26%, Analyst Predicts 5x Rally if Bitcoin Hits $200K appeared first on CoinGape.
Procter & Gamble will cut 7,000 jobs, or roughly 15% of its non-manufacturing workforce, as part of a two-year restructuring program.
The layoffs by the consumer goods giant come as President Donald Trump’s tariffs have led a range of companies to hike prices to offset higher costs. The trade tensions have raised concerns about the broader health of the U.S. economy and job market.
P&G CFO Andre Schulten announced the job cuts during a presentation at the Deutsche Bank Consumer Conference on Thursday morning. The company employs 108,000 people worldwide, as of June 30, according to regulatory filings.
P&G faces slowing growth in the U.S., the company’s largest market. In its fiscal third quarter, North American organic sales rose just 1%.
Trump’s tariffs have presented another challenge for P&G, which has said that it plans to raise prices in the next fiscal year, which starts in July. The company expects a 3 cent to 4 cent per share drag on its fiscal fourth-quarter earnings from levies, based on current rates, Schulten said. Looking ahead to fiscal 2026, P&G is projecting a headwind from tariffs of $600 million before taxes.
P&G, which owns Pampers, Tide and Swiffer, is planning a broader effort to reevaluate its portfolio, restructure its supply chain and slim down its corporate organization. Schulten said investors can expect more details, like specific brand and market exits, on the company’s fiscal fourth-quarter earnings call in July.
P&G is projecting that it will incur non-core costs of $1 billion to $1.6 billion before taxes due to the reorganization.
“This restructuring program is an important step toward ensuring our ability to deliver our long-term algorithm over the coming two to three years,” Schulten said. “It does not, however, remove the near-term challenges that we currently face.”
P&G follows other major U.S. employers, including Microsoft and Starbucks, in carrying out significant layoffs this year. As Trump’s tariffs take hold, investors are watching Friday’s nonfarm payrolls report for May for signs of whether the job market has started to slow. While the government reading for April was better than expected, a separate reading this week from ADP showed private sector hiring was weak in May.
Shares of P&G fell more than 1% in morning trading on the news. The stock has fallen 2% so far this year, outstripped by the S&P 500′s gains of more than 1%. P&G has a market cap of $407 billion.
XRP price has been under bearish pressure since the start of June after forming a death cross signal. Despite this bearish crossover, whales are accumulating XRP, with 190 million tokens bought in just one week. Amid this nuanced outlook, how will XRP perform? Will the price fall below $2 or defy the bearish signal? Will
The post XRP Price Forecast: Whales Accumulate 190M Tokens Despite “Death Cross” Jitters appeared first on CoinGape.
Amid the growing demand for Bitcoin and Ethereum ETFs, UK’s top financial regulator, Financial Conduct Authority (FCA), proposed lifting the ban on crypto ETNs for retail investors. However, Bloomberg’s senior ETF analyst Eric Balchunas stated that it won’t move the “needle” much, considering the lower appetite for crypto ETFs. Bitcoin and Ethereum ETF Could See
The post Bitcoin and Ethereum ETF Won’t See Enough Retail Demand Despite UK Lifting Ban, Says Analyst appeared first on CoinGape.
Shiba Inu (SHIB) is gaining today, June 7, as weekend volatility favors bulls. The ongoing rally may continue after transaction volumes soared to multi-month highs, according to data from on-chain analytics platform Santiment. Meanwhile, a double-bottom pattern hints that a bounce from key support could push Shiba Inu price higher. As bullish signs align, is
The post Shiba Inu Price Jumps 4% as Transaction Volumes Hit Multi-Month Highs – Is $0.000045 Next? appeared first on CoinGape.
Recently, the S&P 500 ($SPX) has been racking up a good number of wins.
Since late April, the index has logged its third winning streak of at least five: a nine-day streak from April 22–May 2 and a six-day streak from May 12–May 19. That makes for a cluster of long winning streaks, which is something that also showed up in late 2023 and mid-2024.
To put it simply, these bunches of buying usually show up in uptrends. Note how there were no five-day winning streaks during the three corrections pictured on the chart below (in August–October 2023, July–August 2024, and February–April 2025). Most of the clusters happened as the S&P 500 was in the middle of a consistent upswing; the only time we saw a long winning streak occur right before a big downturn was in late July 2024. That came after a strong three-month run from the April lows, with the S&P 500 gaining 14% in three months.
CHART 1. WINNING STREAKS IN THE S&P 500. Since late April, the S&P 500 has logged a nine-day streak from April 22 to May 2 and a six-day streak from May 12 to May 19.
Currently, the SPX is up 23% in just under two months. It wouldn’t be surprising to see a break in the action at some point soon.
The key difference between now and July is that back in July, the S&P 500 was making new highs for two straight months. That’s not the case now, as the index is still below the February 2025 highs. So it’s not apples to apples, but, at some point, the market will have to deal with more than a minor pullback once again.
After the close on Wednesday, I ran an X poll asking if the 0.01% move was bullish or bearish. The result: 61% said bullish.
This tells us that most people saw Wednesday’s pause as a sign that the bears are unable to push the market higher, which could be true. But it also suggests complacency. The onus still is squarely on the bears to do something with this, with the only true sign of weakness in the last six weeks coming on May 21, when the S&P 500 plummeted 1.6%. That ended up being an aberration… for now.
Sometimes, a specific stock can provide clues about the broader market’s next step. Right now, we think that the stock is UBER.
Technically speaking, UBER is at a critical spot, and it’s also an important stock given that it was one of the first growth names to break out to new all-time highs. The stock remains in a long-term uptrend, which, of course, is bullish, but it has quietly pulled back 13% from its May 20 high of $93 and was just down nine out of 10 trading sessions (see the weekly chart of UBER stock). We can see that the stock has fully retraced the price action from the pattern breakout near $82.
CHART 2. WEEKLY CHART OF UBER STOCK. The stock is in a long-term uptrend, although it has retraced. Here’s where things get really interesting. UBER has now formed a potential bearish head-and-shoulders pattern, seen on the daily chart. If the stock breaks below $82, it will target the 71-zone.
CHART 3. DAILY CHART OF UBER STOCK. Will UBER’s stock price hold support or break below it? This chart is one to monitor.
So, here are three outcomes to watch for. UBER’s stock price could:
If #3 occurs, the odds are UBER won’t be declining by itself; it’ll likely drag the broader market down with it. This shows the significance of UBER stock, which certainly makes it one to keep an eye on.
I’m a huge fan of using platforms like StockCharts to help make my investment process more efficient and more effective. The StockCharts scan engine helps me identify stocks that are demonstrating constructive technical configuration based on the shape and relationship of multiple moving averages.
Today I’ll share with you one of my favorite scans, called “Moving Averages in Correct Order”, and walk through three charts that highlight the benefits of identifying charts in primary uptrend phases.
This scan, which StockCharts members can access in the Sample Scan Library, basically looks for three criteria to be met for any chart:
The general approach here is to find charts where the short-term moving averages are above their longer-term counterparts. By making multiple comparisons, we can ensure a more consistent uptrend phase based on the recent price action.
Let’s review two charts that I feel are representative of the stocks that will tend to come up using this scanning approach.
The most common result will be a chart that is in a long-term primary uptrend, making consistently higher highs and higher lows. Netflix (NFLX) is a great example of this sort of “long and strong” price action.
The four moving averages have remained in the proper order as described above for most of the last 12 months. After NFLX pulled back to its April low, a bounce back above the March swing high moved the 21-day exponential moving average back above the 50-day simple moving average. From that breakout point, the stock has continued to push to new all-time highs into early June.
One thing I love about this scan is it helps me confirm which stocks are in persistent uptrends, because those are the types of charts that I generally want to be following as they trend higher. But sometimes, a pullback chart will come up in the scan as well. Here’s TJX, which has recently pulled back after achieving a new all-time high in May.
We can see that the moving averages returned to the proper order in early April after rotating higher off a major low in mid-March. From that point, TJX had a false breakout in mid-April before finally completing the move to a new high in early May. TJX subsequently gapped lower after an earnings miss, and the stock has now pulled back to an ascending 50-day moving average.
The TJX chart reminds me of three benefits of following moving averages over time. First, we can look at the slope of an individual moving average to evaluate the shape of the trend on a specific time frame. Second, we can compare multiple moving averages to validate the trend on multiple time frames. Finally, we can use moving averages as potential support and resistance levels in the event of a pullback.
With TJX testing an ascending 50-day moving average this week, I’m inclined to treat this chart as “innocent until proven guilty” as long as it remains above this key trend barometer. But if and when the 50-day moving average is violated, and if the moving averages are no longer in the proper order, then I would need to reevaluate a long position.
This final example shows how the transition between moving average configurations can prove so valuable in understanding trend transitions. Here’s a daily chart of VeriSign (VRSN) showing how the relationship between the moving averages can help us better label the different trend phases.
On the left third of the chart, we can see the moving averages mostly in a bearish order, confirming a distribution phase for the stock. Then in June 2024, the moving averages change to where there’s no real clean definition of the trend. This represents a consolidation phase, where buyers and sellers are essentially in agreement.
Finally, we can see that when the moving averages finally achieve a bullish configuration, VRSN is now in an accumulation phase of higher highs and higher lows. And as long as those moving averages remain in the proper order, the uptrend phase is confirmed.
The goal with this moving average scan is to help us identify charts that are just rotating into the accumulation phase. It’s also designed to encourage us to stick with winning trends as long as the price action confirms the uptrend. And if and when the moving average configuration changes, then our approach should probably change as well!
RR#6,
Dave
PS- Ready to upgrade your investment process? Check out my free behavioral investing course!
David Keller, CMT
President and Chief Strategist
Sierra Alpha Research LLC
https://www.youtube.com/c/MarketMisbehavior
Disclaimer: This blog is for educational purposes only and should not be construed as financial advice. The ideas and strategies should never be used without first assessing your own personal and financial situation, or without consulting a financial professional.
The author does not have a position in mentioned securities at the time of publication. Any opinions expressed herein are solely those of the author and do not in any way represent the views or opinions of any other person or entity.
Investing in silver bullion has pros and cons, and what’s right for one investor may not work for another.
Interest in the silver market tends to flourish whenever the silver price increases, with investors beginning to wonder if silver is a good investment and it is the right time to add physical silver to their investment portfolios.
While silver can be volatile, the precious metal is also seen as a safe-haven asset, similar to its sister metal gold. Safe-haven investments can offer protection in times of uncertainty, and with tensions running high, they could be a good choice for those looking to preserve their wealth in difficult times.
With those factors in mind, let’s look at the pros and cons of buying silver bullion.
Silver bullion is often considered a good safe-haven asset. As mentioned, investors often flock to precious metals in times of turmoil, politically and economically. For example, physical silver and gold have both performed strongly in recent years against a background of geopolitical instability and high inflation.
While cash, mining stocks, bonds and other financial products are accepted forms of wealth, they are essentially still digital promissory notes. For that reason, they are all vulnerable to depreciation due to actions like printing money. A troy ounce of silver bullion, on the other hand, is a finite tangible asset. That means that, although it is vulnerable to market fluctuations like other commodities, physical silver isn’t likely to completely crash because of its inherent and real value. Market participants can buy bullion in different forms, such as silver coins or silver jewelry, or they can buy silver bullion bars.
Compared to gold bullion, silver is significantly cheaper, which makes it more accessible for investors looking for an affordable entrance to the precious metals market. This can make it easier for investors to build up a portfolio over time.
Another benefit is that investors who need to convert their precious metals to currency will have an easier time selling a portion of their silver portfolio than those looking to sell part of their gold. Just as a US$100 bill can be a challenge to break at the store, divvying up an ounce of gold bullion can be a challenge. As a result, silver bullion is more practical and versatile, particularly for everyday investors who need flexibility in their investments.
Silver tends to move in tandem with gold: when the price of gold rises, so too does the price of silver. Because the white metal is currently worth around 1/100th the price of gold, buying silver bullion is affordable and stands to see a much bigger percentage gain if the silver price goes up. In fact, silver has outperformed the gold price in bull markets. It’s possible for an investor to hedge their bets with silver bullion in their investment portfolio.
Silver and gold have been used as legal tender for thousands of years, and that lineage lends them a sense of stability. Many buyers find comfort in knowing that silver has been recognized for its value throughout a great deal of mankind’s history, and so there’s an expectation that it will endure while a fiat currency may fall to the wayside. When individuals invest in physical silver, there is a reassurance that the metal has value that will continue to persist. Additionally, its increasing use as an industrial metal in the energy transition has improved the metals fundamentals even further.
Unlike most other investments, such as stocks, holding silver bullion can leave investors vulnerable to theft. And of course, the more physical assets, including silver jewelry, that reside within your home, the more at risk you are for losing significantly if a burglary takes place. It’s possible to secure your assets from looting by using a safety deposit box in a bank or a safe box in your home, but this will incur additional costs.
Silver may not perform as well as other investments, such as real estate or even other metals. Mining stocks, especially silver stocks that pay dividends, may also be a better option than silver bullion for some investors. Royalty and streaming companies are another option for those interested in investing in silver, as are exchange-traded funds and silver futures.
When investors try to buy any bullion product, such as an American silver ounce coin known as a silver eagle, they quickly find out that the physical silver price is generally higher than the silver spot price due to premiums used by sellers. What’s more, if demand is high, premiums can go up fast, making the purchase of physical silver bullion more expensive and a less attractive investment.
Silver bullion coins are not legal tender, meaning they can’t be used for every day purchases. Since the metal is usually used as an investment, this isn’t often an issue. However, it does mean that if silver needs to be sold in a hurry to cover expenses, investors will need to find a buyer. If you can’t access a bullion dealer and are in a jam, pawn shops and jewelers are an option, but they won’t necessarily pay well.
Larisa Sprott: Gold, Silver Early in Cycle, Smart Money Buying Now
Securities Disclosure: I, Melissa Pistilli, hold no direct investment interest in any company mentioned in this article.
Justin Huhn, editor and founder of Uranium Insider, talks uranium supply, demand and prices.
He emphasized that it’s still ‘very early’ in the cycle and that at this point no further catalysts are needed.
Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.
Astral Resources (AAR:AU) has announced In-fill RC Drilling at Kamperman Confirms High-Grade Gold
Download the PDF here.