Just as cryptocurrency raced through 2021 breaking record highs almost daily, concerns about Bitcoin’s carbon footprint are now being questioned. Depending on which study gets published, Bitcoin’s electricity requirements for mining produces an annual carbon emission equal to the amount emitted by New Zealand, or even Argentina.
News For The Day: House Passes $1.9 Trillion American Rescue Plan
5 Stocks to Watch Out For Thursday, March 11
Koss Corporation ▲(KOSS 30.28 USD +12.38 (69.16%)) stocks blasted off into the stratosphere yesterday on the back of good news for the industry. The Global Unified Communication (UC) and Business Headsets Industry are set to soar over the next few years. From $2.4 billion last year, the market predicts to reach $4.9 billion in the next seven years. KOSS got a mention in the reports as one of the featured competitors.
United Natural Foods Inc ▲(UNFI 36.06 USD +5.54 (18.15%)) stocks rose during Wednesday’s trading and even gained a little after hours. The wholesale grocery wholesale company reported better-than-expected earnings for its fiscal 2nd quarter. United announced $1.25 in adjusted earnings per share riding on $6.89 billion of revenue, instead of the predicted 86 cents per share on $6.91 billion in revenue. It remains optimistic for its full-year earnings to hover near the top end of its guidance range.
Franklin Resources, Inc. ▲(BEN 28.62 USD +2.57 (9.87%)) shares advanced almost 10% to $28.62 during Wednesday’s trading. The stock outperformed some of its peers like BlackRock. IGM Financial., and Affiliated Managers Group. The financial firm reported a 0.4% increase in its preliminary assets under management in February. From $1.49 trillion, its AUM is now $1.50 trillion, which reflects its market gains and long-term net inflows and partly offset by cash management net outflows.
GameStop Corp. ▲(GME 265.00 USD +18.10 (7.33%)) shares rode the roller coaster yet again yesterday, hitting $344.49 around lunch before falling back to earth at 265 at the day’s close. The beloved meme stock ended the day with a 7.33% gain. Not bad for a day’s work. The battle between the shorts and the apes continues.
Boeing Co ▲(BA 245.34 USD +14.73 (6.39%)) endured 14 months of turbulence, including the shutdown of the aviation industry and the grounding of their 737 Max line. Now, Boeing listed more orders than cancellations in February, booking 82 new orders in February, and processed 51 cancellations. With China still on the fence about the grounding, expect the stock to rise some more as the country is home to a potential need for 8,600 new aircraft worth $1.4 trillion over the next two decades.
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