For Institutions
About
Brookstone Capital Management reduced its stake in Capital One Financial Corporation (NYSE: COF) by 56.7% in Q3, now holding 6,301 shares valued at $1.34 million. Other hedge funds have also adjusted their positions, with notable increases from Symmetry Partners LLC and Global X Japan Co. Ltd. Analysts have mixed ratings on COF, with a consensus target price of $267.45. The stock opened at $249.58, with a market cap of $158.67 billion and a recent EPS of $5.95. Capital One also announced a quarterly dividend of $0.80 per share.
Robinhood (HOOD) is currently undergoing a corrective phase after a five-wave advance from its 2022 low of $6.81, peaking at $153.86. The stock is expected to pull back to the $80-$63 Fibonacci retracement zone before resuming its bullish cycle. Investors are advised to look for buying opportunities during this pullback, utilizing Elliott Wave analysis for precise entry timing. The overall bullish trend remains intact, positioning traders for the next major rally.
Robinhood Markets gave away $750,000 in Bitcoin during its holiday event, alongside prizes like vacation packages. The company resolved earlier app issues that hindered reward redemptions.1On New Year's Eve, Robinhood gave away $500,000 in Dogecoin, boosting user engagement as they urged CEO Vlad Tenev to do a Bitcoin giveaway, which he accepted.2
Robinhood CEO Vlad Tenev acknowledged a public dare to drop Bitcoin after giving away $500,000 in Dogecoin. This acknowledgment has sparked interest in the crypto community, especially as Bitcoin's price hovers around $88,000, with key resistance at $88,565. The market awaits a catalyst, and Tenev's response could be a potential trigger for Bitcoin's next move.
A 66-year-old retiree is concerned about financial fraud and high fees from advisers. He seeks advice on managing retirement funds, tax planning, and Roth conversions. He worries about fraud, citing a local case where an adviser misappropriated funds. He considers using a third-party custodian like Fidelity or Schwab to avoid fraud and negotiate fees. He also questions the credibility of credit union advisers. The article advises caution against advisers promising guaranteed returns and suggests using custodians to prevent fraud.
