4.8 • 118 Ratings
🗓️ 26 June 2025
⏱️ 51 minutes
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0:00.0 | We are now in the closing bell market zone. |
0:05.0 | Tenaa McKeel is looking at Circle as those shares resume its post-IPO rally. |
0:10.0 | Gabrielle Fon Rouge standing by with what to watch from Nike when it reports in OT. |
0:14.0 | Plus HSBC's Max Ketner is counting us down into the market closed. |
0:19.0 | Tenea, I guess a one day or two-day break with Circle, but it's back to the upside. |
0:23.9 | Yeah, Mike, off its highs of the day, but it is climbing again after its first pullback earlier |
0:28.6 | this week, which looks like natural profit taking amid perhaps overbought conditions. |
0:33.4 | It's still hot off its monster IPO from the beginning of this month, up about 6%, 600%, sorry, since then. |
0:40.0 | So I'd expect continued volatility, especially as investors look for other ways to make money in crypto. |
0:45.8 | Now, that's more exciting than Bitcoin, perhaps, but less risky maybe than other cryptocurrencies. |
0:51.1 | What's interesting, Mike, is the rotation that we saw out of Circle and into Coinbase |
0:54.8 | during that pullback. Coinbase jumped over the same three days that Circle fell and are still |
0:59.3 | climbing today. The two companies, of course, very close, have a significant revenue sharing |
1:03.9 | agreement. So investors starting to see how Coinbase could benefit from stable coin opportunities. |
1:08.7 | Coinbase are, as of now, best performing stock in the S&P 500 for both the month and the week. |
1:13.6 | Mike? |
1:14.6 | Yeah, and on absolutely massive volume. |
1:16.6 | There are some days where half of its float has traded just in a single day. |
1:19.6 | So obviously a lot of excitement there. |
1:21.6 | Thank you very much. |
1:22.6 | Tenea. |
1:23.6 | Gabrielle, tough year for Nike, but the stock's been bouncing this week. Yeah, it's definitely |
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