1 October we become SureStone CapitalSame team, same ABN. Our website and email addresses move to surestone.com.au.
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Andy Rogers, MD of CMC Invest notes Austrac's crackdown on crypto ATMs, aiming to mitigate risks such as money laundering and scams. He highlights significant interest from Aussie investors in crypto post the US election, with a 250% rise in trades on their opt-in service.
Andy disccussed the importance of regulation and mentions that CMC operates a closed-loop environment, ensuring KYC compliance. He observes a shift in trading patterns, with stocks like Nvidia (NASDAQ:NVDA), Tesla (NASDAQ:TSLA), and MicroStrategy (NASDAQ:MSTR) surpassing Australian favourites like BHP (ASX:BHP) due to crypto exposure.
In Australia, miners like BHP (ASX:BHP), Fortescue (ASX:FMG), and Northern Resources (ASX:NST) retain popularity despite recent underperformance. Andy also identifies healthcare stocks like CSL (ASX:CSL) and ResMed (ASX:RMD) as top choices for investors seeking buying opportunities during price fluctuations.
