Esteban Ma
454 Articles
Esteban Ma, CFA Level 2 CANDIDATE, is a financial editor at TradingKey, mainly focusing on covering equities, cryptocurrencies and commodities. With two years of experience in crypto at Gate.io Research and three years in comprehensive finance, he specializes in cryptocurrency industry analysis and macroeconomic analysis.
He passed the Certificate of Security Qualification(CSQ) and Certificate of Futures Qualification(CFQ).
Written by Esteban Ma
Reviewed by Esteban Ma
Solana Season Gains Steam as Institutional Demand Surges, Pushing SOL DAT Stocks Higher
TradingKey - Amid strong buying momentum from crypto treasury companies and positive regulatory developments, Galaxy Digital and Bitwise have jointly declared the arrival of “Solana Season.” Solana’s price has surged, with SOL treasury stocks like Upexi and Forward Industries rising double digits in
Fri, Sep 12
Godfather Meets Barbie? Paramount Skydance in Talks to Acquire Warner Bros., Reshaping Hollywood
TradingKey - The global entertainment industry and financial markets are closely watching a potential blockbuster consolidation: Paramount Skydance’s proposed acquisition of Warner Bros. Discovery (WBD). It sparks visions of cinematic universes colliding — from The Godfather meeting Harry Potter
Fri, Sep 12
Big RPO, Bigger Risk: Why Oracle’s OpenAI Deal Isn’t the Slam Dunk It Seems
TradingKey - A wave of massive orders from clients like OpenAI has pushed Oracle’s Remaining Performance Obligations (RPO) to $455 billion, fueling a 36% stock surge — yet the rally quickly reversed. Wall Street is raising red flags: Can Oracle actually deliver? And can OpenAI afford to pay?
Fri, Sep 12
Alibaba or Meituan? Morgan Stanley and JPMorgan Signal the Winner in Local Services
TradingKey - Alibaba recently re-entered the offline store business with its “Street Stars”, surpassing Dianping’s daily user scale on its first day — catching Meituan off guard in its core domain. International investment banks Morgan Stanley and JPMorgan have both concluded that Alibaba’s latest
Thu, Sep 11
U.S. August CPI Meets Expectations at 2.9%, 10-Year Treasury Yield Drops Below 4%
TradingKey - The U.S. August Consumer Price Index (CPI) posted its largest year-on-year gain in seven months, but the reading was broadly in line with expectations. Combined with recent surprisingly weak employment data, a 25-basis-point rate cut by the Federal Reserve in September is now all but
Thu, Sep 11
Figure IPO Set to Launch: Can the First RWA Stock Spark a Broader IPO Revival?
TradingKey - Blockchain lending platform Figure Technologies is set to go public on the Nasdaq this Thursday, September 11, potentially earning the title of “the first RWA (Real-World Assets) stock” thanks to its blockchain-based loan services. Just days before its IPO, Figure increased both its
Thu, Sep 11
All Eyes on August CPI: The Data That Could Trigger a Jumbo Fed Cut — Or Not
TradingKey - The key question now is whether the August CPI report, to be released on September 11, could push the Fed toward a more aggressive 50-basis-point cut — as it did in September 2024.
Thu, Sep 11
Klarna’s IPO Soars Then Fades: What Went Wrong on Its First Day?
TradingKey - Despite raising its offering price significantly and securing over 20x subscription demand, Klarna’s debut saw a sharp pullback after an initial surge, with a final gain of about 15% — far below the explosive rallies seen in recent hot listings like Circle, Figma, and Bullish.
Thu, Sep 11
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Tariff Impact Fading? U.S. PPI Unexpectedly Turns Negative, Treasury Prices Jump
TradingKey - After a series of data—including ADP and nonfarm payrolls—supported the Federal Reserve’s likely rate cut next week, another piece of evidence has emerged: U.S. inflation is cooling faster than expected. The August Producer Price Index (PPI) unexpectedly turned negative month-over-month
Wed, Sep 10
Crypto Treasury Stocks Go Wild as the Strategy Model Faces Scrutiny
TradingKey - The so-called Digital Asset Treasury companies (DATs) often see their stock prices surge when announcing investments in Bitcoin, Ethereum, or other major digital assets. However, rising competition and lack of strategic differentiation are raising questions about the sustainability of
Wed, Sep 10
Cut to Grow, Novo Nordisk Announces 11% Global Layoffs, Third Profit Forecast Cut This Year
TradingKey - Obesity drug giant Novo Nordisk (NVO.US) announced on Wednesday a major restructuring plan, including 9,000 global job cuts, and delivered its third downward revision to its full-year profit growth guidance in 2025. However, due to its undervalued stock and hopes for cost savings and
Wed, Sep 10
Beyond Food Delivery War, Alibaba’s Amap Takes Aim at Meituan’s Core Local Services
TradingKey - Not content with its “victory” in the food delivery war, Chinese e-commerce giant Alibaba (BABA.US, 9988.HK) has turned its attention to the local services market, with its Amap launching a major new product — the “Street Stars” — directly challenging Meituan’s Dianping. The initial
Wed, Sep 10
Will iPhone 17 Spark a New Upgrade Cycle? The Baseline iPhone Excites, But the Air Could Flop
TradingKey - After Apple’s 2025 fall launch event, Apple’s stock (AAPL) turned from gains to losses, as investors once again expressed dissatisfaction with what they saw as a lack of major innovation from the world’s top tech innovator. Analysts’ reviews suggest that the upgraded base iPhone 17
Wed, Sep 10
Is France the New Italy? Bond Market Selloff Sends Yield Above Greece’s, Fueling Crisis Talk
TradingKey - Five prime ministers in two years, three in one year — this is the current state of French politics. Political uncertainty is undermining the government’s ability to manage its debt burden, pushing the benchmark 10-year French government bond yield above that of Greece and close to
Tue, Sep 9
Oracle’s FY2026 Q1 Preview: Will OpenAI Contract Spark a Broadcom-Like Stock Surge?
TradingKey - As analysts raise targets and expectations, could Oracle’s stock replicate the post-earnings rally seen at Broadcom following its OpenAI-related contract announcement?
Tue, Sep 9
Goldman & Apollo Poke the AI Bubble: AI Adoption Rate May Have Peaked, Following MIT’s “Zero Return” Report
TradingKey - As markets still grapple with the fallout from a late-August MIT report that dented tech stocks, the AI bubble narrative appears to be gaining fresh support — this time from two major institutional reports: Goldman Sachs points to slowing AI adoption growth, while Apollo finds that AI
Tue, Sep 9
BitMine In, Robinhood Out: What’s Driving Cathie Wood’s Latest Bets at ARK Invest?
TradingKey - According to newly released filings from Ark Invest, the firm managed by tech bull Cathie Wood, it bought millions of dollars’ worth of shares in BitMine Immersion — an Ethereum treasury company — on Monday, while simultaneously selling shares of Robinhood, which was recently announced
Tue, Sep 9
Citi Downgrades Nvidia Price Target, Predicting Broadcom’s XPU Could Cost Nvidia $12 Billion in 2026
TradingKey - Shortly after Broadcom (AVGO), the ASIC chip giant, reported strong Q2 earnings, Citi made a rare move by downgrading its price target on Nvidia, signaling that Nvidia’s competitive moat may be facing a real challenge from Broadcom.
Mon, Sep 8
A Black September for U.S. Stocks? Except for the Fed Rate Cut
TradingKey - Starting around the historically strong “July rally,” Wall Street analysts have increasingly voiced concerns about a weak third quarter for U.S. equities — citing the so-called “dangerous August” and the “September curse.” Yet in reality, risk appetite has outweighed valuation concerns,
Mon, Sep 8
Hedge Funds Ramp Up Call Options on RMB — Racing to Break 7 or Staying Cautious?
TradingKey - The weak August nonfarm payrolls report — highlighting persistent U.S. labor market weakness — is pushing the Federal Reserve toward its first policy shift of the year. With a weakening dollar outlook, hedge funds are ramping up call options on the Chinese yuan (RMB) against the U.S.
Mon, Sep 8
