26 November Watchlist 👀

Table of Contents

 

Today we are watching…

1. Bitcoin (#btcusd)

Without a crypto crazy world leader, Bitcoin investors are being short-changed by their disruptive currency. The price of Bitcoin oscillates with news of big organizations and governments either providing legitimacy or taking it away from cryptocurrencies. So, it should be no surprise that given rumblings in China, Bitcoin lost $3,000 in November. “This was one of the worst weeks in the history of digital assets,” Arca chief investment officer Jeff Dorman said. President Xi Jinping is clamping down on initial coin offerings (ICO) and local exchanges to clear the runway for a competing digital currency in China created by its central bank. Will Bitcoin rebound again? You never know. This thing never seems to die!

2. Uber Technologies (#uber)

In a big blow, unprofitable unicorn Uber has been denied an operating license in the British capital by Transport for London (TfL). The government body first roasted the app for being “unsafe and not fit and proper,” before essentially laying off 45,000 Uber drivers in the city. Black cab celebrations might be short-lived, though, with this decree opening the floodgates for competing apps like Bolted and Kapten. Uber is appealing the decision. That means a magistrate will have to ratify this TfL decision, which will stall things for weeks and may not happen anyway. Heads up, the stock will be more volatile nearer the court date as investors put their money on red or black. For now, though, Uber out!

Share:
More Posts
Higher Rate Households 📈

The recent Fed decision to pause rates has left the federal funds rate at its highest level since 2000.

Get your daily Invstr Crunch

Get the market news and updates you need, delivered to your inbox or available on our daily podcast.

Risk Disclosure:

Invstr is not a bank and banking services are provided by Vast Bank, N.A.

Brokerage and Banking services are currently only available to U.S. residents.

Invstr app and web services are provided by Invstr Ltd. Advisory services are provided by Invstr Financial LLC, an investment adviser registered with the Securities Exchange Commission (SEC) details of which can be obtained here. Securities brokerage and custody services are provided by Apex Clearing, a broker dealer registered with the SEC and a member of FINRA and SIPC. There is no bank guarantee on securities and securities may lose value.

Investing involves risk and can lead to losses. Past performance does not guarantee future results.

Invstr app and web services are provided by Invstr Ltd. Invstr+ advisory services are provided by Invstr Financial LLC, an investment adviser registered with the Securities Exchange Commission (SEC). Securities brokerage and custody services are provided by Apex Clearing, a broker dealer registered with the SEC and a member of FINRA and SIPC. There is no bank guarantee on securities and securities may lose value. Vast Bank N.A. a nationally chartered bank and member of the FDIC, provides the banking products, including the products and services related to digital asset accounts. As with any asset, the value of Digital assets can go up or down and there can be a substantial risk that you lose money buying or holding digital assets. You should carefully consider whether trading or holding Digital assets is suitable for you in light of your financial condition. Your digital account does not support wallet to wallet transferring of your digital assets (i.e. cryptocurrencies) outside the platform. Any Digital Assets in your digital asset account are not insured by any government entities, including but not limited to FDIC or SIPC. The Invstr Visa® Debit Card is issued by Vast Bank, N.A. pursuant to a license from Visa U.S.A Inc and may be used everywhere Visa debit cards are accepted. Invstr Ltd, Invstr Financial LLC and Invstr Securities Ltd are subsidiaries of Marketspringpad Holdings (collectively “Invstr”) and Invstr is solely responsible for the application services and website content.

Watchlists provided when users first access the service are not a recommendation to invest. Instead they are provided to help users better navigate the service. Users are free to edit and create their own watchlists. From time to time, Invstr will suggest instruments solely based on an individual’s interest and the interest levels of the Invstr community. The statistical and portfolio builder models generated by Invstr do not reflect actual investment results and are not guarantees of future results. Comments provided by Invstr leaders, influencers or members of the Invstr Community are not recommendations and should not be construed as such. Invstr does not endorse the content or the positions posted by them. Their investment approach, and that of the models provided by Invstr, may be different from yours and may not be appropriate for you.