Today’s Stocks to Watch: Coinbase, Capri, and BAE
Key Points To Watch Out For:
- Coinbase and MicroStrategy shares rose after Trump’s support for cryptocurrencies
- Capri advanced 9.5% in premarket after coming close to a sale agreement for Versace
- Mixue jumped 43% on its Hong Kong debut, achieving a valuation of $10 billion
Coinbase (COIN); MicroStrategy (MSTR): Crypto Rally After Trump Comments
Coinbase and MicroStrategy shares rose in early trading after Donald Trump suggested cryptocurrencies could be part of a strategic reserve in the U.S. The news fueled a weekend rally in the crypto market.
Capri (CPRI): Agreement with Prada Sends Shares Soaring
Capri shares surged 9.5% in premarket trading following reports that the company is close to selling Versace to Prada for $1.6 billion. In Hong Kong, Prada’s stock rose 3.5% in anticipation of the deal.
BAE (UK:BA); Leonardo (LDO); Rheinmetall (RHM); Rolls-Royce (UK:RR); Thales (HO): European Defense Stocks Climb
Defense stocks in Europe gained after regional leaders confirmed plans to increase military spending as part of broader efforts to secure a peace agreement in Ukraine.
Shell (SHEL): Potential Sale of Assets in the U.S. and Europe
Shell is considering selling chemical assets in the U.S. and Europe as part of its strategy to streamline operations and focus on more profitable ventures. The move aligns with its broader transition toward greater efficiency.
Mixue (HK:2097): 43% Jump on Stock Market Debut
The ice cream and tea chain Mixue made its debut on the Hong Kong Stock Exchange, raising $400 million in its IPO. Shares surged 43%, pushing the company’s valuation to $10 billion.
