A year after the coronavirus outbreak nearly shut down the global economy, stock markets have made a massive comeback in ways that no one could have predicted. On Monday 26 April, the market achieved yet another big milestone, with stocks on Wall Street reaching record highs.
But what does the future hold, and what can investors learn from Wall Street’s performance? We take a look.
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Cryptocurrency exchange Coinbase made its long-awaited stock market debut on 14 April, selling its shares to the general public for the first time on the Nasdaq exchange.
The company’s stock soared past Nasdaq’s $250 reference price to open at $381 per share. The stock then rose to a high of $429.54 before falling back to close the day at $328.28, giving the company a valuation of $85.8 billion.
Across many brokerages, it was one of the most traded stocks, as investors scrambled for a piece of the action. But why exactly is Coinbase stock so popular? We take a look.
What is Coinbase?
Coinbase is a US cryptocurrency exchange that allows customers to trade a vast range of digital assets or cryptocurrencies.
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When you’re investing, there can be a lot of things you need to think about. To make life a little easier for you, we’re going to look at some important factors to consider before buying shares.
These will give you a leg up on the competition and make sure you’re ready to invest. Read on to find out what steps you should take before leaping in.
1. Does the company fit in with your strategy?
Before buying shares, you should consider whether the investment fits in with your existing investing strategy.
It can be pretty distracting when certain companies are all over the news and their share prices are skyrocketing. However, if you have a plan in place, it can be much easier to be rational and not get tempted by current hot stocks.