Analysts
Analysts upgraded blow stocks
- Exxon Mobil Gets Upgrade to Outperform at TD Cowen
- TD Cowen upgrades Exxon Mobil (XOM) to Outperform, setting a new price target at $115.00. Analysts highlight the potential for increased upside, despite the recent drop in stock value without changes in valuation.
- Duke Energy Receives Evercore ISI Upgrade
- Evercore ISI upgrades Duke Energy (DUK) to Outperform from In Line, raising the price target to $108.00. Duke Energy is seen as having the most promising total return potential among large-cap regulated companies, driven by a clearer narrative after non-regulated renewable asset sales and a favorable outcome in the North Carolina rate case.
- Zuora Shares Surge After Goldman Sachs Upgrade
- Zuora (ZUO) shares climb nearly 3% pre-market as Goldman Sachs upgrades the company to Buy, setting a new price target of $12.00. Analysts cite de-risked numbers in a stabilizing market environment, potential upside from new product adoption, and improving profitability as supporting the positive outlook.
- Teva Pharma Gets Jefferies’ Buy Rating
- Teva Pharma (TEVA) shares rise over 1% pre-market following Jefferies’ upgrade to Buy, with a raised price target of $14.00. Analysts express confidence in Teva’s growth strategy, anticipating an expansion in market multiple based on strong guidance, fundamentals, biosimilar approvals, and positive pipeline updates expected in the second half of 2024.
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Bitcoin is a unique digital currency different from regular money because it’s decentralized, meaning there’s no big bank or government controlling it. Instead, a network of computers around the world works together to manage and verify transactions.
Imagine a giant public ledger that keeps track of every Bitcoin transaction ever made – that’s the blockchain. Each transaction is like a block in a chain, and they’re all linked together.
What makes Bitcoin special is its limited supply. There will only ever be 21 million bitcoins, creating a sense of scarcity. The process of creating new bitcoins, called halving, happens every four years, making it a bit like digital gold.
And where do you keep your bitcoins? In a digital wallet. Think of it like a digital purse or pocket. You can have software wallets on your computer or phone or use physical hardware wallets for extra security.Â
Bitcoin is a cool digital currency that’s decentralized, uses fancy math to stay secure, has a limited supply like digital gold, and is maintained by a global network of computers working together. It’s like money, but with a digital twist.
How to buy Bitcoin in Canada?
To buy Bitcoin in Canada, you can follow these general steps. Keep in mind that the specific process may vary based on the platform you choose and any regulatory changes that may have occurred
A Bitcoin Wallet
First things first, secure a Bitcoin wallet – your personal vault for the digital currency. You can choose from hardware wallets, software wallets, or online wallets. Make sure to select a reputable wallet with security features.
Choose a Platform
Now, let’s talk exchanges. Choose a platform that suits you; popular options include Coinberry, Bitbuy, Kraken, Shakepay, and Newton. Creating an account is your gateway and expect a pinch of bureaucracy – identity verification is standard procedure.
Meet the Requirements
Due to regulatory requirements, most exchanges in Canada will require you to verify your identity. This often involves submitting documents such as a government-issued ID, proof of address, and sometimes a selfie.
The Trading Begins
Time to fuel your venture. Deposit Canadian dollars into your exchange account, and here’s where the magic happens. Navigate to the trading section, where you’ll place your buy order for Bitcoin. You decide the amount or the CAD you wish to invest.
Secure your coins
Safety first. Once your Bitcoin is in hand, whisk it away to your personal wallet. Leaving it on the exchange is a bit like leaving money on the table – not the best idea. Leaving your cryptocurrency on an exchange exposes it to potential risks, such as hacking.
Stay Informed
Keeping up with the times is crucial. Stay informed about the dynamic regulations in Canada and understand the tax implications of your cryptocurrency adventure.
Remember, it’s not just about buying Bitcoin; it’s about understanding and winning in the game too. So, enjoying the journey but keeping our eyes open is a must. Let us hope that our Bitcoin endeavors be as thrilling as the world of crypto itself.