According to Evan (@StockMKTNewz), the ongoing discussion about the most undervalued stock highlights several candidates based on current earnings reports and price-to-earnings ratios. Analysts from CNBC and Bloomberg have recently identified Intel (INTC) and Alibaba (BABA) as notably undervalued due to their strong fundamentals and below-average valuations (source: CNBC, 2024-06-01; Bloomberg, 2024-05-30). For traders, these stocks present potential buying opportunities as their recovery could shift institutional capital from crypto assets back to equities, impacting crypto market liquidity and volatility. Monitoring these undervalued equities is essential for those managing cross-asset portfolios and seeking alpha in both traditional and digital asset markets.

According to The Kobeissi Letter, the Financial Times reported that the Fed is 'absolutely' ready to stabilize the market if needed, leading to a sharp rally perceived as the emergence of the 'Fed put.' However, recent comments by Powell push back on this view, indicating potential volatility in cryptocurrency markets.