Stocks Rally on Tech Earnings Surprise, Solid Jobs Numbers
Stocks received a much needed boost on Friday thanks to some better-than-expected economic data and a strong earnings…
PacWest, First Horizon Send Regional Bank Stocks Reeling
Bank stocks continued their descent on Thursday as shares of PacWest and First Horizon weighed on the market.…
Hall of Fame Resort & Entertainment (NASDAQ:HOFV) Stock Forecast
Hall of Fame Resort & Entertainment (HOFV) is building a sports, entertainment, and media empire tied to the Pro Football Hall of Fame. HOFV is capitalizing on the blockchain-based NFT craze and has inked key partnerships for its sports-betting ambitions. HOFV secured financing to complete Phase II of its Village around the Pro Football Hall of Fame. HOFV stock is trading off its highs as the threat of a recession looms. Wall Street analysts are bullish with buy ratings and price targets up to $3.
Cinedigm Corp (NASDAQ:CNVS) Stock Forecast
Cinedigm operates in the content streaming and entertainment industry. The company creates content across a wide spectrum of genres, including indie film, horror, and family entertainment. Cinedigm counts Netflix and Amazon among its partners. Demand for content streaming has been rising, and the competitive landscape is intensifying, all of which benefits Cinedigm. Advertisers have been shifting their budgets from cable to content streaming. Wall Street analysts have a strong buy rating on the stock, and hedge funds have been known to include CIDM in their portfolios.
ZK International (NASDAQ:ZKIN) Stock Forecast
Hong Kong-based Takung Art is dedicated to the fine-art space and has come to be known as an NFT stock. In 2021, the company launched an NFT trading website and a consulting business. Takung Art also runs an electronic platform on which investors can obtain shared ownership of digital artwork. Chinese regulators recently clamped down on Takung Art, resulting in the company shifting its geographic focus from Asia to the United States. The company is in the early stages of its transformation and could benefit from a turnaround in sentiment toward cryptocurrency.
Takung Art Co Ltd (TKAT) Stock Forecast
Hong Kong-based Takung Art is dedicated to the fine-art space and has come to be known as an NFT stock. In 2021, the company launched an NFT trading website and a consulting business. Takung Art also runs an electronic platform on which investors can obtain shared ownership of digital artwork. Chinese regulators recently clamped down on Takung Art, resulting in the company shifting its geographic focus from Asia to the United States. The company is in the early stages of its transformation and could benefit from a turnaround in sentiment toward cryptocurrency.
Dolphin Entertainment Inc (DLPN) Stock Forecast
Dolphin Entertainment is an independent entertainment marketing play that also develops media content. The company also caught NFT fever and has a division dedicated to digital collectibles. Dolphin Entertainment’s latest NFT collection, Creature Chronicles, inspired by Marvel Studios’ artist Anthony Francisco, sold out in 90 minutes. One misstep was that the company partnered with cryptocurrency exchange FTX, which lost billions of dollars in customers’ funds. Dolphin Entertainment’s stock is vulnerable to economic conditions and consumer spending. The company has been around for two decades-plus.
Staking Filecoin
Filecoin is based on a hybrid validation system comprising proof-of-replication (PoREP) and proof-of-spacetime (PoSt) models. Therefore, Filecoin is mined, not staked. Investors still have a couple of ways to generate passive income from Filecoin. They can stake Filecoin on cryptocurrency exchanges that support this feature, including Binance’s rewards platform Binance Earn or DEX BakerSwap. Also, they can participate in mining Filecoin, providing storage space and bandwidth to clients on the centralized platform and earning more FIL crypto in the process.
Staking Siacoin
Siacoin, the native crypto of decentralized storage platform Sia, is built on a POW model and therefore does not offer staking in the usual way. However, there are still ways to generate passive income from Siacoin. Binance supports Siacoin staking on rewards platform Binance Earn, where investors can earn an APR of 0.50% in one year. Siafunds, a second coin of the Sia platform, is based on a revenue-sharing model that distributes income to token holders upon the completion of contracts on the storage platform.
Compass Therapeutics, Inc (NASDAQ:CMPX) Stock Forecast
Compass Therapeutics (CMPX) is a biotechnology stock that trades on Nasdaq. The company develops antibody-based drugs to help people fight cancer. Compass currently has cancer drugs in Phase 2 and Phase 3 clinical trials and has more drugs in the pipeline. Compass has a partnership with pharma giant Merck through which they are combining their respective drugs to fight cancer. Wall Street analysts are largely bullish on CMPX stock and have an average price target of $10. The Boston, Mass.-based company was founded in 2014.