Five crypto-centric stocks recommended by Zacks will benefit from Bitcoin rally and favorable policies

From Nasdaq
January 21, 2025 2:50:00 am:

Zacks.com highlights five crypto-centric stocks likely to benefit from Bitcoin’s rally, driven by Trump’s favorable policies and low-interest rates. Recommended stocks include NVIDIA Corp., Coinbase Global Inc., Robinhood Markets Inc., Riot Platforms Inc., and Interactive Brokers Group Inc. The crypto space is expected to thrive under Trump’s presidency, with his pro-crypto stance and plans for a national crypto stockpile. Trump’s support for US-based crypto mining is also emphasized.

Low-interest rates are favorable for high-growth industries like technology and cryptocurrency. The Fed’s rate cuts in 2024 and plans for more in 2025 are expected to support growth. The inflation rate remains low, with the producer price index (PPI) and consumer price index (CPI) showing lower-than-expected numbers in December. This environment benefits crypto-centric stocks.

NVIDIA, a Zacks Rank #2 stock, is a leading semiconductor company with strong growth potential, especially in the crypto market. Coinbase Global, a Zacks Rank #1 stock, provides financial infrastructure for the crypto economy and has user-friendly platforms. Robinhood Markets offers investment options in stocks, ETFs, options, gold, and cryptocurrencies. Riot Platforms specializes in bitcoin mining, while Interactive Brokers Group allows for cryptocurrency trading.

Zacks Investment Research has identified seven elite stocks, including the aforementioned crypto-centric ones, as top picks for the next 30 days. These stocks have historically outperformed the market, with significant average gains per year. Investors are encouraged to explore these recommended stocks for potential early price pops and strong returns.

Read more at Nasdaq: The Zacks Analyst Blog NVIDIA, Coinbase, Robinhood, Riot and Interactive Brokers