On CNBC s Closing Bell, Dan Nathan revealed his bullish view on Nike Inc (NYSE: NKE). The company reported blowout earnings last month and the stock broke out to the new all-time high, said Nathan. He added that it trades rich to the market and its peers, but it seems that it isn. Read More.
On CNBC s Fast Money, Tim Seymour recommended a long position in UnitedHealth Group Inc (NYSE: UNH). He said that it had a very solid Q2 and it s breaking its all-time highs.
Steve Grasso has a long position in ON Semiconductor Corp (NASDAQ: ON). He has a price target of $30.
Karen Finerman is a. Read More.
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US Government Won t Allow Corporates to Keep Replacing Dollars With Bitcoin, Warns Investment Advisor
Dan Nathan, the founder of Risk Reversal Advisors, says that the U.S. government will not keep allowing corporations like Elon Musk’s Tesla to replace dollars with bitcoin. They won’t “let the dollar fall away from being the reserve currency for the world,” which could happen if corporations keep replacing dollars in their balance sheets with bitcoin.
US Government Will Not Let Bitcoin Replace Dollars, Says Risk Reversal Advisors’ Chief
Dan Nathan offered his view on the future of bitcoin in an interview with CNBC last week. His comments followed the news of Elon Musk’s Tesla investing $1.5 billion in bitcoin and planning to allow the cryptocurrency as a form of payment for its products in the near future.
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The Big Short) on another episode of their new podcast called
On The Tape. See more about what they’re doing here.
Dan and Danny speak to their time as traders with short positions and the potential for adverse moves like this week’s short squeeze activity. Danny discusses a short ban he faced, and Dan talks about his time being on the wrong end of a Blackberry short position.
Later, Stephanie Ruhle joins the conversation to discuss similarities to prior periods of market upheaval and the role leverage plays in moments like these. They reflect on what this anti-establishment movement means for markets and what is fueling this surge in retail investing.