Tag Archives: SQ

PayPal Valuation Stretched But Still Not At Peak

This December saw the first 10% drop in PayPal’s (NASDAQ: PYPL) stock in the last year or so. But is this a dip to be bought or are there more serious issues threatening the company’s growth?

A cyclical exit from tech companies, the company’s stock price climbing too high too fast and even Bitcoin’s potential to take over the world have been mentioned as reasons. Can these factors stop the company and cause a real correction or is it just some profit taking by investors who rely on P/E (which is indeed high) and are quite happy with an 80% jump in the last year?

The short answer is no.

There are simply no signs of slowing growth, quite the opposite. The latest management moves and the overall environment are not only favorable but actually improving for the company and its future guidance seems conservative to me. Here’s why.

Last month saw the company solve one of the issues that had caused concern among investors – its PayPal Credit unit. That unit has so far been a source of growth and is part of the larger puzzle that PayPal aims to become – a payment company that can not only handle every type of transaction that you’d want but also a one-stop shop for anything money related.

But there was a caveat: PayPal Credit is susceptible to downturns in the economy and any unreasonable exposure could turn into something between a nuisance and a disaster. The board was well aware of this and engineered a deal with Synchrony Financial (NYSE: SYF) worth $6.8 billion, with the latter acquiring the U.S. receivables portfolio together with a profit-sharing agreement.

Not as sexy as monetizing Venmo (we’ll get to them in a minute) or riding the huge mobile payments wave, but it’s a great old-fashioned corporate deal that ticks the boxes on what needed to be done. It not only limits risk but also frees up capital (to the tune of $1 billion annually) that can serve other purposes.

One of these other purposes is partnerships and expanding the network of merchants and companies that utilize PayPal. Two of the most recent ones also are targeting what I think is the most important metric – transactions per account (which stand at 32.3 per year as of Q2 in 2017).

The millennial investment app Acorns now allows users to use PayPal to transfer money both ways, as well as monitoring their portfolio and tracking their investments through PayPal. A partnership with a European “deposit marketplace” called Raisin also was announced and although both will not have an immediate effect on the bottom line, they are aimed at getting more of the bread and butter transactions that the company will rely on – set-and-forget payments or transactions completed with several taps in a single app.

Talking of single apps and ease of use, PayPal’s One Touch has allowed the company to tap in the shift to mobile payments that we see across society. As of November 8th, six million merchants utilize it (around a third of the total) and 70 of the total 218 million active accounts have registered with it.

Mobile payment volume was $40 billion in Q3, over 50% growth on a yearly basis with mobile payments making just over one-third of the total payment volume. The course is set and the means to take more of the projected share are in place.


Source: Statista

About Venmo. I don’t think it’s the game changer that many in the PayPal investment community think it is. It’s growing for sure but for me it is yet unproven and is the one point where Apple Pay (NASDAQ:AAPL), Samsung Pay (OTC:SSNLF) and potentially Square (NYSE: SQ) can actually land a punch. $9.4 billion in transaction volume last quarter and making it available in around two million U.S. retailers are signs of a growing business, but whether it will be used for retail purchases by its user base remains to be seen. I could be surprised on the upside in the coming 3-6 quarters. But as long as the company isn’t revealing the number of its users I won’t be holding my breath and including this in the factors that can contribute to sustained growth.

Another partnership announced recently requires far more attention than it’s getting. Baidu (NASDAQ:BIDU) announced recently that they will offer PayPal as an option to its users and this could be the gateway for the payment provider to establish a beachhead in a market that’s already focused on mobile payments.

Right now it seems like nothing more than said beachhead, as Baidu has a very small percentage of mobile transaction volume compared to its competition. But if PayPal is truly a superior product and if it allows Chinese consumers to buy imports more easily (which they have been doing – $60 billion in e-commerce payments for 2016) it should carve out a solid enough niche to create a steady and sizeable income stream within several years.

Not that all these developments are unnoticed by investors, or are unaccounted for in the company’s projections. But it looks as if they’re being understated due to caution and trying not to overreach.

Conclusion: A 21% increase in earnings and 20% for revenue is a solid enough forecast but I think we’ll see that these will be lower than what we actually get. User growth has been in the mid-teens and will probably remain thereabouts. But it is merchant growth where I think the network effect will surpass expectations in 2018 and directly impact the bottom line and the stock price. With these in mind I am placing my target for next year at $96.


Source: Tradingview

Risks do remain – a fumble of the Venmo play could hamper the company’s whole mobile payments concept and a security breach is always a possibility in today’s environment. But at this point in time there are no indicators that there is a confirmed threat to the optimism surrounding the company or its sector.

Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

About this article:ExpandAuthor payment: $35 + $0.01/page view. Authors of PRO articles receive a minimum guaranteed payment of $150-500.Tagged: Investing Ideas, Long Ideas, TechnologyWant to share your opinion on this article? Add a comment.Disagree with this article? Submit your own.To report a factual error in this article, click here

Top 10 Clean Energy Stocks To Buy Right Now

WILMINGTON, Del. DuPont will nolonger contribute to active employees’ pension plans, a move that will affect the retirement of 13,000 workers, including 2,800in Delaware.

The Wilmington-area company announced Thursday that workers will stop accruing benefits sometime in November 2018 or the creation date of the first independent company spawned through theproposed $130 billion mergerwith Dow. Only employees in the United States and Puerto Rico will be affected by this move.

The company also eliminated retirement health benefits, including dental and life insurance for all employees under the age of 50 when the pension contribution ends in about two years.

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USA TODAY

Top 10 Clean Energy Stocks To Buy Right Now: CoreSite Realty Corporation(COR)

Advisors’ Opinion:

  • [By WWW.MONEYSHOW.COM]

    Denver, Colorado-based CoreSite Realty Corporation (COR) offers cloud-enabled, high-performance data center campuses.

    Operating across 17 data centers in eight key North American markets, CoreSite serves a broad range of clients, including telecommunications carriers, media companies, financial and educational institutions, and government agencies.

Top 10 Clean Energy Stocks To Buy Right Now: OMNOVA Solutions Inc.(OMN)

Advisors’ Opinion:

  • [By Monica Gerson]

     

    General Mills, Inc. (NYSE: GIS) is expected to report its quarterly earnings at $0.60 per share on revenue of $3.86 billion.
    Pier 1 Imports Inc (NYSE: PIR) is projected to post a quarterly loss at $0.05 per share on revenue of $420.05 million.
    Acuity Brands, Inc. (NYSE: AYI) is estimated to report its quarterly earnings at $2.03 per share on revenue of $847.79 million.
    Monsanto Company (NYSE: MON) is projected to report its quarterly earnings at $2.40 per share on revenue of $4.49 billion.
    Worthington Industries, Inc. (NYSE: WOR) is expected to report its quarterly earnings at $0.64 per share on revenue of $692.48 million.
    Progress Software Corporation (NASDAQ: PRGS) is projected to post its quarterly earnings at $0.29 per share on revenue of $94.64 million.
    UniFirst Corp (NYSE: UNF) is estimated to report its quarterly earnings at $1.34 per share on revenue of $366.28 million.
    Exfo Inc (NASDAQ: EXFO) is expected to post its quarterly earnings at $0.06 per share on revenue of $60.87 million.
    OMNOVA Solutions Inc. (NYSE: OMN) is projected to report its quarterly earnings at $0.14 per share on revenue of $205.40 million.
    8Point3 Energy Partners LP (NASDAQ: CAFD) is estimated to post a quarterly loss at $0.01 per share on revenue of $11.60 million.
    Park Electrochemical Corp. (NYSE: PKE) is expected to report its quarterly earnings at $0.22 per share on revenue of $35.30 million.
    Xplore Technologies Corp. (NASDAQ: XPLR) is projected to post its quarterly earnings at $0.01 per share on revenue of $24.00 million.
    Investors Real Estate Trust (NYSE: IRET) is expected to post its quarterly earnings at $0.14 per share on revenue of $56.87 million.
    Tel-Instrument Electronics Corp. (NYSE: TIK) is estimated to post earnings for the latest quarter.
    Aethlon Medical, Inc. (NASDAQ: AEMD) is expected to post a quarterly loss at $0.20 per share.
    Ossen Innovation Co Ltd (ADR) (NASDAQ: OSN) is projected to post ea

  • [By Lisa Levin]

    Shares of OMNOVA Solutions Inc. (NYSE: OMN) were down 14 percent to $8.64 after the company reported weaker-than-expected Q3 earnings.

    Sorl Auto Parts, Inc. (NASDAQ: SORL) was down, falling around 8 percent to $3.68. Greenridge Global downgraded SORL Auto Parts from Buy to Hold.

  • [By Lisa Levin]

    OMNOVA Solutions Inc. (NYSE: OMN) shares were also up, gaining 11 percent to $5.97 after the company reported better-than-expected Q1 earnings.

    Equities Trading DOWN

Top 10 Clean Energy Stocks To Buy Right Now: Glu Mobile Inc.(GLUU)

Advisors’ Opinion:

  • [By Peter Graham]

    A long term performance chart shows that Zynga Inc largely moving sideways for the pastthree years or sowhile remaining small cap mobile gaming stockGlu Mobile Inc (NASDAQ: GLUU) has underperformed andlarge capActivision Blizzard continues to have a good run:

  • [By Jim Robertson]

    The gaming space has a reputation for beingdominated by male gamers and full of big-budget combat and action orientated games geared for men. However, thats not necessarily the case. Last December, Glu Mobile Inc (NASDAQ: GLUU)bought CrowdStarfor $45 million acquiring a game publisher that has had rare success with female gamers throughitsCovet Fashionwhile its last independently produced title, Design Home, has also proved to be another hit with women (about 90% ofDesign Homesplayers are female who are a little older than the Covet Fashion audience).

  • [By Harsh Chauhan]

    Mobile gaming specialist Glu Mobile’s (NASDAQ:GLUU) net loss almost tripled in the first quarter despite a slight jump in revenue from the prior-year period. Its adjusted net loss of $0.15 per share was more than twice than Wall Street’s expectations of a $0.07-per-share loss.

  • [By Lee Jackson]

    Glu Mobile Inc. (NASDAQ: GLUU) was started with a Neutral rating and a $2.30 price objective at Mizuho. The Wall Street estimate is$2.56. The 52-week range is $1.73 to $4.00, and the stock closed yesterday at $2.10.

  • [By Peter Graham]

    Small cap mobile game stock Glu Mobile Inc (NASDAQ: GLUU) reportedQ2 2017 earnings after the market closed on Tuesday. Revenue grew 42% year over year to $68.7 million while bookingsincreased 62% to$82.5 million (whichexceed high end of guidance) and Design Home peaked as the#17 top grossing game on U.S. App Store for iPhone. The net loss was $23.568 million versus a net loss of $17.949 million. The Company also raised 2017 full year bookings guidance to a range of $307 million to $312 million.

Top 10 Clean Energy Stocks To Buy Right Now: Activision Blizzard, Inc(ATVI)

Advisors’ Opinion:

  • [By Joe Tenebruso]

    While some are attempting to profit from this trend by buying stock in console makers such as Sony or Microsoft, investors may be best served by instead purchasing shares of the top video game makers, such as Activision Blizzard (NASDAQ:ATVI) and Electronic Arts (NASDAQ:EA).

  • [By John Ballard]

    Activision Blizzard (NASDAQ:ATVI) recently reported its first-quarter results for 2017, and it was another great quarter. Over the last 12 months, players have spent about 40 billion hours playing Activision Blizzard’s games, a double-digit percentage increase over the first quarter of 2016.

  • [By Travis Hoium]

    Shares of Activision Blizzard, Inc. (NASDAQ:ATVI) had another great month in February, rising 12.2%, according to data provided by S&P Global Market Intelligence, after reporting strong earnings to end 2016. The company seems to have cracked the code on how to create and distribute great content in a digital world.

  • [By Demitrios Kalogeropoulos]

    If the stock market is a game, Activision Blizzard (NASDAQ:ATVI) shareholders are winning. The stock is up 60% over the past 12 months (18% in just one day last week) compared to the broader market’s 20% boost.

  • [By John Ballard]

    On its latest conference call, Activision Blizzard (NASDAQ:ATVI) confirmed that Call of Duty: Infinite Warfare fell short of expectations, yet the company turned in a great quarter. The top video game publisher posted growth in revenue and earnings, and increased its annual dividend by 15%.

Top 10 Clean Energy Stocks To Buy Right Now: Square, Inc.(SQ)

Advisors’ Opinion:

  • [By Leo Sun]

    Dorsey subsequently co-founded online payments company Square (NYSE:SQ) in 2009, and he was promoted from passive member to executive chairman of Twitter’s board in 2010, after Dick Costolo replaced Evan Williams.

  • [By Spencer Israel]

    You can listen to the show live every day from 8-9 a.m. ET here, or catch the podcast on iTunes, Soundcloud and Stitcher.

    Marvell Technology Group Ltd. (NASDAQ: MRVL): $19.75 has been the low since the deal was rumored so that’s support. Below that ,there’s a gap down to $18.55.
    Alibaba Group Holding Ltd (NYSE: BABA) has a pair of highs near $188. The premarket high was $188.07 and there are similar highs from Nov. 8 and 13, so that whole handle will be resistance.
    Square Inc (NYSE: SQ): It’s at all-time high levels right now. There’s support at Friday’s close at $44.18. 
    Twitter Inc (NYSE: TWTR): The Dorsey sympathy move is on. The Nov. 1 high of $20.99 and post-earnings high of $21.96 are two resistance levels. 
    General Electric Company (NYSE: GE): Has a double top from the last two sessions at $18.47 and $18.48.

    Watch the full show below!

  • [By Elizabeth Balboa]

    Western Digital Corp (NASDAQ: WDC) lost 16 percent over the last eight trading sessions, and Square Inc (NYSE: SQ), after a 264-percent run, conceded 24 percent.

  • [By ]

    Payment processors and banks that are allowing bitcoin exchange are also benefiting as first-movers in digital transactions. It’s likely that most payment processors will integrate some cryptocurrency capability eventually but the first-mover advantage for companies like Square (NYSE: SQ) should help it boost user growth over the next year.

  • [By Chris Lange]

    Square Inc. (NYSE: SQ) is known as a payment processing service for small-to-medium business operations. In November, Square announced that it was letting a small amount of its Cash app users buy and sell bitcoin on its platform. While this is only took place in November, Square is up about 160% year to date with a heavy correlation to bitcoin. There is still much speculation about how bitcoin could integrate with Squares platform. Shares of Square were trading down 3% at $34.75, with a 52-week range of $13.53 to $49.56 and a consensus price target of $40.00.

Top 10 Clean Energy Stocks To Buy Right Now: Teck Resources Ltd(TCK)

Advisors’ Opinion:

  • [By Benzinga News Desk]

    Stephens (Equal-Weight) and Citi (Sell) both downgraded Atwood Oceanics (NYSE: ATW).

    Sell-Side's Most Noteworthy Calls
    Investec downgraded Anheuser-Busch (NYSE: BUD) to Hold.
    Deutsche Bank downgraded Freeport McMoRan (NYSE: FCX) to Hold.
    Goldman Sachs upgraded Microsoft (NASDAQ: MSFT) to Buy.
    Barclays upgraded Teck Resources (NYSE: TCK) to Overweight.
    BTIG started Adobe (NASDAQ: ADBE) at Neutral.
    Deal Talk

    U.S. oil refiner Tesoro (NYSE: TSO) said it would buy Western Refining (NYSE: WNR) for $4.1 billion to add refineries in Texas, New Mexico and Minnesota. The combined company will have refining capacity of over 1.1 million barrels per day. Tesoro has refineries in California, Washington, Alaska, Utah and North Dakota.

Top 10 Clean Energy Stocks To Buy Right Now: Summer Infant Inc.(SUMR)

Advisors’ Opinion:

  • [By Peter Graham]

    A long term performance chart shows shares of Childrens Placeoutperforming last year before leveling off into a range while mid cap peerCarter’s, Inc (NYSE: CRI) is nearing previous highs againand small cap Summer Infant, Inc (NASDAQ: SUMR) is well below previous highs:

Top 10 Clean Energy Stocks To Buy Right Now: Snap-On Incorporated(SNA)

Advisors’ Opinion:

  • [By WWW.MONEYSHOW.COM]

    Snap-on (SNA)

    Snap-on, which is more than 100 years old, provides hand and power tools for individuals and professionals, including auto-shop tools and auto diagnostic equipment.

  • [By WWW.THESTREET.COM]

    Coming up on this episode of Mad Money: Cramer interviews Nick Pinchuk, CEO of Snap-on (SNA) . Plus, don’t miss the Lightning Round. Which stocks is Cramer bullish on?

  • [By John Divine]

    Snap-on Incorporated (SNA) is my choice for the Best Stocks for 2016 competition. At a market cap of $10 billion, I doubt it will double over the next year, as some of the smaller companies in this competition might be able to.

    That said, Snap-on, which manufactures and markets hand tools and diagnostic equipment, is a rock-solid company with an attractive valuation and impressive growth. It goes for 22 times earnings, pays a consistent and modest dividend, and has been around since 1920.

    As cars get more tech-heavy and complicated, newer tools and better diagnostics will be needed — and that’s SNA’s bread ‘n’ butter. 

Top 10 Clean Energy Stocks To Buy Right Now: Pinnacle Entertainment Inc.(PNK)

Advisors’ Opinion:

  • [By Ben Levisohn]

    Pinnacle Entertainment (PNK) has gained 56% this year; Las Vegas Sands (LVS) has climbed 38%. And Deutsche Bank has nice things to say about both today.

    Bloomberg

    First Pinnacle. Deutsche Bank’s Carlo Santarelli ponders the stock’s big move and comes away still seeing value in its shares. He writes:

    When we upgraded PNK in April, our thesis centered on the FCF strength of the combined entities [Pinnacle completed its acquisition of Ameristar Casinos on Aug. 14], a handful of favorable catalysts, easing regional gaming comps, & an inexpensive relative valuation. Given the shares’ sizeable move since then, we believe it is worth revisiting the investment case. Post the announcement of several asset sales and the closing of the transaction, we are adjusting our estimates, raising our PT to $30 from $24, and maintaining our bullish view at current levels given what we still believe to be an attractive free cash flow valuation, meaningful potential synergy realization beyond the $40 mm of announced benefits, and a free option on a lagging regional recovery.

    Santarelli also revisited Las Vegas Sands and there too, he likes what he sees. He writes:

    With…LVS at [a share price level] that have been challenging to break from over the last year plus, we believe this time is different and hence we see continued upward momentum…In the case of LVS, we see; 1) meaningful mass market strength continuing through year end, setting the stage for upward company and market estimate revisions for 2014, 2) continued cash flow appreciation and capital returns serving as downside protection and positive catalysts, and 3) continued shared gains, largely driven by table optimization and mass market strength, driving both estimates and sentiment.

    He also likes Wynn Resorts (WYNN), despite its 34% gain.Santarelli writes:

    As for WYNN, we believe near-term estimates continue to take a back seat to capital return

Top 10 Clean Energy Stocks To Buy Right Now: Dynavax Technologies Corporation(DVAX)

Advisors’ Opinion:

  • [By Cooper Creagan]

    The same is true for Dynavax Technologies Corp. (Nasdaq: DVAX). A quick Night Trade of DVAX would’ve netted a whopping 230% in just a few months – and this can all be done from the comfort of your own home.

  • [By Lisa Levin]

    Dynavax Technologies Corporation (NASDAQ: DVAX) shares shot up 73 percent to $15.99 as the company announced that the Vaccines and Related Biological Products Advisory Committee of the U.S. Food and Drug Administration voted 12-1 in support of the company’s Hepatitis B vaccine, HEPLISAV-B. RBC Capital upgraded Dynavax from Sector Perform to Outperform.

  • [By Lisa Levin] Gainers
    Loxo Oncology Inc (NASDAQ: LOXO) rose 32.7 percent to $65.00 in pre-market trading after the company reported that larotrectinib trial demonstrated 76 percent confirmed objective response rate.
    Dynavax Technologies Corporation (NASDAQ: DVAX) shares rose 22 percent to $7.20 in the pre-market trading session after the company on Friday presented updated data for SD-101 in combination with KEYTRUDA.
    Puma Biotechnology Inc (NASDAQ: PBYI) rose 21.7 percent to $99.75 in pre-market trading as the company disclosed positive PB272 Phase 2 data from TBCRC 022 trial at ASCO17.
    Helios and Matheson Analytics Inc (NASDAQ: HMNY) shares rose 20.7 percent to $3.21 in pre-market trading after the company reported that RedZone has acquired all the assets of Trendit including three technology patents.
    Forestar Group Inc. (NYSE: FOR) rose 13.1 percent to $16.05 in pre-market trading after D.R. Horton, Inc. (NYSE: DHI) proposed to buy 75 percent of Forestar Group for $16.25 per share in cash.
    TG Therapeutics Inc (NASDAQ: TGTX) shares rose 12 percent to $15.50 in pre-market trading after the company said Phase 3 GENUINE trial met primary endpoint with TG-1101 + ibrutinib increasing overall response rate by >70 percent versuss ibrutinib alone.
    Gigamon Inc (NYSE: GIMO) gained 10.8 percent to $43.55. Reuters reported that Gigamon is exploring a potential sale.
    BioCryst Pharmaceuticals, Inc. (NASDAQ: BCRX) rose 8.7 percent to $6.00 in pre-market trading after the company announced Rapivab pediatric sNDA acceptance by the FDA.
    Array Biopharma Inc (NASDAQ: ARRY) rose 7.2 percent to $8.77 in pre-market trading after gaining 5.68 percent on Friday.
    Ehi Car Services Ltd (ADR) (NYSE: EHIC) shares rose 6.4 percent to $10.76 in pre-market trading. eHi Car Services posted Q1 earnings of $0.06 on sales of $89.43 million.
    Skyworks Solutions Inc (NASDAQ: SWKS) rose 5.9 percent to $114.79 in pre-market trading after gaining 0.69 percent on Friday.
    Sorl Auto
  • [By Lisa Levin]

    Dynavax Technologies Corporation (NASDAQ: DVAX) shares were also up, gaining 17 percent to $6.88 after the company on Friday presented updated data for SD-101 in combination with KEYTRUDA.

  • [By WWW.KIPLINGER.COM]

    Add Dynavax Technologies Corp. (DVAX) to the list of biotech stocks to watch on or a little before Dec. 15. Thats when the company is going to get a yay or nay from the Food & Drug Administration about Heplisav-B as a treatment for hepatitis B in people with type 2 diabetes

3 Strategies To Play The Bitcoin Frenzy Without The Risk

As if the 800-fold increase in the value of one bitcoin from February 2011 to the beginning of 2017 were not enough, the 2,200% surge this year has everyone talking about the cryptocurrency.

Bitcoin could be one of the biggest bubbles in history. But should that stop you from booking outsized returns as the price skyrockets? Cryptocurrencies could very well be the future of digital payments and the blockchain technology has the potential to touch nearly every industry.

Trying to time the Bitcoin market, buying in and selling before the inevitable crash, will leave a lot of investors penniless.

But there are ways to profit from the bitcoin revolution, a way to ride the wave all the way to the top without having to worry about the crash when it comes.

I’ve found three strategies that are benefiting from the herd’s stampede to bitcoin, three industries that could book record revenue and earnings. Each of the industries has other sources of revenue, protecting companies from a disastrous end if sentiment for cryptocurrencies crashes.

It’s the long-term way to play one of the fastest bubbles in history.

Is Bitcoin A Bubble?
Opinions on a fair price for bitcoin and whether the market for cryptocurrencies is in a bubble are split, with most CEOs from traditional financial institutions writing the price increase off as the biggest bubble in history. Of course, that hasn’t stopped bitcoin bulls and advocates from dismissing the objections all the way to the bank.

I’ll admit it gets more difficult to argue why investors shouldn’t add bitcoin to their portfolio with every story of someone buying a house from their crypto-fortune.

The problem is that bitcoin has no fundamental value. It’s not a true currency, accepted as legal tender, or even widely accepted as a form of payment. There are no earnings that flow to bitcoin owners and it’s hard to argue the appeal as a store of value (i.e. gold) when the price often rises or falls by 20% or more in a matter of hours.

The lack of an intrinsic value hasn’t stopped the price of bitcoin from surging and many investors have cashed out for millions. Before you rationalize that you can be one of those lucky few to time the market, remember Isaac Newton’s experience with the South Sea Company bubble in the 18th century.

One of the smartest physicists of all time sold his South Sea Company shares for a 100% profit but then bought back in at a higher price months later as the boom continued. When the bubble burst, he lost over three times his original profit, more than $3 million in current dollars, and forbade anyone to say the words ‘South Sea’ in his presence for the rest of his life.

How To Invest In Bitcoin…Without Investing In Bitcoin
Whether Bitcoin is an investment or not, whether the current price is a bubble or just the beginning of a digital revolution, there is no doubt that blockchain technology and cryptocurrencies are here to stay.

Blockchain is a distributed database shared across a community of computers. The data cannot be changed except by the coordinated action across many users in the community. This has tremendous applications in security and process transactions that could touch every industry in the future.

We’re not likely to see Bitcoin at $1,000 again, but that doesn’t mean the price isn’t susceptible to deflate 30% or 40% if investors stampede for the exit.

There are ways to benefit from the future of blockchain technology and the rise of cryptocurrencies without this risk of massive short-term losses.

Computer hardware manufacturers, specifically those making the graphic cards and chips used by cryptocurrency miners, are seeing demand skyrocket for their products. Miners use graphics cards to solve the calculations in blockchain (bitcoin “mining”) and get rewarded in bitcoin. Demand has been so strong that retailers have reported selling out of AMD RX570 and RX580 graphic cards.

Companies like Advanced Micro Devices (Nasdaq: AMD) and Nvidia (Nasdaq: NVDA) are rumored to be developing mining-oriented video cards that will be even better suited for running the intense calculations around the clock.

Payment processors and banks that are allowing bitcoin exchange are also benefiting as first-movers in digital transactions. It’s likely that most payment processors will integrate some cryptocurrency capability eventually but the first-mover advantage for companies like Square (NYSE: SQ) should help it boost user growth over the next year.

Market Exchanges like the CME Group (Nasdaq: CME) have just started allowing trading in bitcoin futures and could attract an entirely new type of retail user as well as allowing institutional clients access to the bitcoin theme. Exchanges make their money on transactional volume, so a bursting of the bitcoin bubble wouldn’t necessarily mean weakness for shares.

In fact, the extreme volatility in bitcoin prices only draws more people to hedge their exposure with futures and could be a boon for futures exchanges.

These companies will likely benefit as bitcoin rises but are partially protected from a crash in the price of the cryptocurrency by the breadth of their business. Even if short-term sentiment for bitcoin turns, best-of-breed companies in each industry should continue to do well and will benefit from the longer-term adoption of blockchain technology.

Risks To Consider: A dramatic drop in the value of bitcoin may drive a smaller drop in shares of these companies as sentiment wanes. Diversified revenue and a solid business model should protect the best-of-breed company in each strategy and support long-term returns.

Action To Take: Invest in ancillary industries serving and complementing the rise of blockchain technology for solid long-term returns with less risk of getting caught in a bubble.

Editor’s Note: “Solar glass” that absorbs endless free energy from the sun… A “skin gun” that uses stem cells to heal burn victims in days. Plus 11 more investment predictions. Get tickers here, free.

penny stocks to buy

U.S. regulators have approved repairs for Volkswagen Group diesel cars that were engulfed in a scandal over excess emissions, meaning that owners eligible for buybacks can instead choose to accept a fix and cash compensation.

The U.S. Environmental Protection Agency authorized the fix to VW’s 2-liter engine diesel cars from 2009 through 2014, including the Jetta, Jetta SportWagen, Golf, Beetle, Beetle Convertible and Audi A3.

After the fix, average fuel economy per vehicle will fall by up to 2 miles per gallon, VW spokeswoman Jeannine Ginivan said in an email.

Consumers will still be allowed to sell their cars back to Volkswagen at a premium through a sweeping settlement worth more than $10 billion in total. But the deal had also prescribed free fixes and cash payouts as a second option if VW was able to deliver a government-approved repair.

penny stocks to buy: iShares iBoxx $ High Yield Corporate Bd (HYG)

Advisors’ Opinion:

  • [By WWW.GURUFOCUS.COM]

    For the details of Summit Rock Advisors, LLC’s stock buys and sells, go to www.gurufocus.com/StockBuy.php?GuruName=Summit+Rock+Advisors%2C+LLC

    These are the top 5 holdings of Summit Rock Advisors, LLCiShares Core MSCI Emerging Markets (IEMG) – 429,614 shares, 64.03% of the total portfolio. Shares added by 260.59%iShares iBoxx $ High Yield Corporate Bond (HYG) – 136,617 shares, 35.97% of the total portfolio. Shares added by 114.13%iShares MSCI ACWI Index Fund (ACWI) – 0 shares, 0% of the total portfolio. Shares reduced by 10000%Added: i

  • [By WWW.KIPLINGER.COM]

    When most people think high-yield bonds, theyre thinking junk as in corporate junk. So typically, most lists of must-have ETFs include a nod toward either iShares iBoxx $ High Yield Corporate Bond ETF (HYG) or SPDR Barclays High Yield Bond ETF (JNK).

  • [By WWW.THESTREET.COM]

    Position: Long GLD small, bonds, SDS; short TLT small, SPY small .

  • [By Todd Shriber, ETF Professor]

    The iShares iBoxx $ High Yield Corporate Bond ETF (NYSE: HYG) and the SPDR Bloomberg Barclays High Yield Bond ETF (NYSE: JNK), the two largest junk bond ETFs by assets, are both down 2 percent over the past week. Investors are departing junk bond ETFs, but even with the recent outflows, HYG and JNK have nearly $30 billion in assets under management. Given that heft, when these ETFs cough, many traders ponder whether equity markets are getting a cold.

penny stocks to buy: Bank of Marin Bancorp(BMRC)

Advisors’ Opinion:

  • [By Christopher Flens-Batina]

    Bank of Marin (NASDAQ:BMRC) has shot up about 40% in value in the past 2 months. Low expenses are one of the reasons for the recent growth, and free checkingaccounts are a big part of this.

  • [By Lisa Levin]

    Monday afternoon, the financial sector proved to be a source of strength for the market. Leading the sector was strength from Bank of Marin Bancorp (NASDAQ: BMRC) and BankUnited (NYSE: BKU).

penny stocks to buy: Teucrium Corn Fund (CORN)

Advisors’ Opinion:

  • [By Casey Wilson]

    Investing in commodity-based ETFs (exchange-traded funds) or ETNs (exchange-traded notes) is a great way to gain exposure to a specific commodity, like corn (NYSE Arca: CORN), livestock (NYSE Arca: COW), or grains (NYSE Arca: GRU).

penny stocks to buy: Square, Inc.(SQ)

Advisors’ Opinion:

  • [By Lee Jackson]

    Square Inc. (NYSE: SQ) had the president, CEO, chairman and co-founder, Jack Dorsey, selling shares this past week. Hesurrendered a total of 381,500 shares at a share price of $14.09. The total for the sale was posted at $5,375,764. The company develops and provides payment processing, point-of-sale, financial and marketing services worldwide. Its stock ended last week$13.63. The 52-week trading range is $8.06 to $15.91. The consensus price target is $14.14.

  • [By Garrett Baldwin]

    The optimism comes a day after payment-processing giant Square Inc. (NYSE: SQ) announced it was incorporating Bitcoin into its platform.

    Below is a recap of the top cryptocurrency prices at 12:00 p.m. EST

  • [By Chris Lange]

    Square, Inc. (NYSE: SQ) reported second-quarter financial results after markets closed Wednesday. The company said that it had a $0.07 in earnings per share (EPS) and $552 million in revenue, compared with consensus estimates from Thomson Reuters that called for a net loss of $0.05 per share and $536.27 million in revenue. The same period from last year had a net loss of $0.08 per share and $438.53 million in revenue.

  • [By Zacks]

    Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
     
    Cisco Systems, Inc. (NASDAQ: CSCO): Free Stock Analysis Report
     
    Amazon.com, Inc. (NASDAQ: AMZN): Free Stock Analysis Report
     
    Facebook, Inc. (NASDAQ: FB): Free Stock Analysis Report
     
    Alphabet Inc. (NASDAQ: GOOGL): Free Stock Analysis Report
     
    Square, Inc. (NYSE: SQ): Free Stock Analysis Report
     
    PayPal Holdings, Inc. (NASDAQ: PYPL): Free Stock Analysis Report
     
    QUALCOMM Incorporated (NASDAQ: QCOM): Free Stock Analysis Report
     
    Microsoft Corporation (NASDAQ: MSFT): Free Stock Analysis Report
     
    NVIDIA Corporation (NASDAQ: NVDA): Free Stock Analysis Report
     
    To read this article on Zacks.com click here.
     
    Zacks Investment Research

penny stocks to buy: ProShares Ultra Nasdaq Biotechnology(BIB)

Advisors’ Opinion:

  • [By Jim Robertson]

    Yesterday, our Elite Opportunity Pronewsletter suggested theProShares Ultra Nasdaq Biotechnology ETF (NASDAQ: BIB) as a way to play long term biotech bullishness with a short term caveat:

Top Tech Stocks To Invest In Right Now

10 Least Tax-Friendly States in US: 2017

8 Ways for Agents to Answer What Do You Do?

FINRA Regulatory Chief Axelrod to Depart

The Securities and Exchange Commission has named Peter Driscoll director of the agency’s Office of Compliance Inspections and Examinations.

He’s been serving as OCIE’s acting director since January, when former OCIE head Marc Wyatt departed.

OCIE directs the agency’s National Examination Program, which uses a risk-based approach to examine investment advisors and broker-dealers.     

“Pete has been an exceptional leader of the National Examination Program since taking over as acting director of OCIE, including advancing the use of technology to make the program more effective,” said SEC Chairman Jay Clayton, in a statement. “With over 15 years of experience at the SEC as an attorney, examiner, and manager, I am confident that Pete and OCIE’s dedicated staff will continue to advance the interests of investors across the country.” 

Top Tech Stocks To Invest In Right Now: Analog Devices, Inc.(ADI)

Advisors’ Opinion:

  • [By Leo Sun]

    If you think that Apple still has room to run, you should also check out three of its top suppliers — Cirrus Logic (NASDAQ:CRUS), Analog Devices (NASDAQ:ADI), and Skyworks Solutions (NASDAQ:SWKS) — which could all be lifted by the tech giant’s rally.

  • [By Trey Thoelcke]

    Analog Devices Inc. (NASDAQ: ADI) fiscal third-quarter results are scheduled for first thing Wednesday. The consensus earnings estimate is $1.15 per share, on $1.40 billion in revenue. The shares closed the week at $78.97. The consensus price target is $94.10, and the 52-week trading range is $59.01 to $90.49.

  • [By Craig Jones]

    Najarian also noticed that traders were buying the October 87.50 calls in Analog Devices, Inc. (NASDAQ: ADI). He said that 5,000 contracts were traded in one block. Najarian bought calls in Analog Devices and he is going to hold the position for two weeks.

  • [By Lisa Levin]

    Analysts at Wells Fargo downgraded Analog Devices, Inc. (NASDAQ: ADI) from Outperform to Market Perform.

    Analog Devices shares rose 4.83 percent to close at $81.60 on Wednesday.

Top Tech Stocks To Invest In Right Now: Square, Inc.(SQ)

Advisors’ Opinion:

  • [By Leo Sun]

    Dorsey subsequently co-founded online payments company Square (NYSE:SQ) in 2009, and he was promoted from passive member to executive chairman of Twitter’s board in 2010, after Dick Costolo replaced Evan Williams.

  • [By Chris Lange]

    Square Inc. (NYSE: SQ) is known as a payment processing service for small-to-medium business operations. In November, Square announced that it was letting a small amount of its Cash app users buy and sell bitcoin on its platform. While this is only took place in November, Square is up about 160% year to date with a heavy correlation to bitcoin. There is still much speculation about how bitcoin could integrate with Squares platform. Shares of Square were trading down 3% at $34.75, with a 52-week range of $13.53 to $49.56 and a consensus price target of $40.00.

  • [By Chris Lange]

    Square Inc. (NYSE: SQ) is set to release its most recent quarterly results Wednesday. The consensus estimates are a net loss of $0.05 per share, as well as $536.27 million in revenue. Shares ended the week at $26.20. The consensus price target is $23.81, and the 52-week range is $9.85 to $27.97.

  • [By Travis Hoium]

    2016 was a rocky year for Square Inc(NYSE:SQ), to say the least. At times, the market couldn’t tell whether the company was making a turn toward profitability or falling down a rabbit hole of losses it may never emerge from.

  • [By Chris Lange]

    Square, Inc. (NYSE: SQ) reported second-quarter financial results after markets closed Wednesday. The company said that it had a $0.07 in earnings per share (EPS) and $552 million in revenue, compared with consensus estimates from Thomson Reuters that called for a net loss of $0.05 per share and $536.27 million in revenue. The same period from last year had a net loss of $0.08 per share and $438.53 million in revenue.

  • [By Elizabeth Balboa]

    Other best performers of 2017 demonstrating long-term stability include Square Inc (NYSE: SQ), Alibaba Group Holding Ltd (NYSE: BABA), Universal Display Corporation (NASDAQ: OLED), NVIDIA Corporation (NASDAQ: NVDA) and Take-Two Interactive Software Inc (NASDAQ: TTWO).

Top Tech Stocks To Invest In Right Now: Fitbit, Inc.(FIT)

Advisors’ Opinion:

  • [By Paul Ausick]

    Fitbit Inc. (NYSE: FIT) lost about 2.4% Tuesday to post a new 52-week low of $8.20 after closing Monday at $8.40. The 52-week high is $34.68. Volume of around 7.1 million was about 30% below the daily average of around 1 million shares traded. The company had no specific news Tuesday.

  • [By WWW.THESTREET.COM]

    When it comes to personal electronics, market darling Fitbit (FIT) has clearly lost its mojo, while navigation giant Garmin (GRMN) has made a miraculous turnaround.

  • [By Paul Ausick]

    Fitbit Inc. (NYSE: FIT) dropped about 1.1% Friday, to post a new 52-week low of $6.97 after closing at $7.05 on Thursday. The stock’s 52-week high is $19.34. Volume was about 20% below the daily average of around 11.8 million shares. The company had no specific news.

  • [By Paul Ausick]

    Fitbit Inc. (NYSE: FIT) dropped about 3.3% on Thursday to record a new 52-week low of $5.62. The stock closed at $5.81 on Wednesday. Volume was about 35% below the daily average of around 11.6 million shares. The company had no news, but the ripples are still spreading from the charges leveled by competitor Jawbone over Fitbit’s theft of trade secrets.

Top Tech Stocks To Invest In Right Now: Formula Systems (1985) Ltd.(FORTY)

Advisors’ Opinion:

  • [By Lisa Levin]

    In trading on Thursday, technology shares fell by 0.32 percent. Meanwhile, top losers in the sector included Mitek Systems, Inc. (NASDAQ: MITK), down 13 percent, and Formula Systems (1985) Ltd. (ADR) (NASDAQ: FORTY), down 8 percent.

  • [By Lisa Levin]

    On Friday, technology shares rose by 0.26 percent. Meanwhile, top gainers in the sector included Applied Materials, Inc. (NASDAQ: AMAT), up 9 percent, and Formula Systems (1985) Ltd. (ADR) (NASDAQ: FORTY) up 19 percent.

Top Tech Stocks To Invest In Right Now: United States Cellular Corporation(USM)

Advisors’ Opinion:

  • [By Lisa Levin]

    In trading on Monday, telecommunications services shares fell by 0.77 percent. Meanwhile, top losers in the sector included United States Cellular Corp (NYSE: USM), down 5 percent, and B Communications Ltd (NASDAQ: BCOM), down 5 percent.

  • [By Monica Gerson]

    United States Cellular Corp (NYSE: USM) is projected to report its quarterly earnings at $0.26 per share on revenue of $975.54 million.

    Koppers Holdings Inc. (NYSE: KOP) is estimated to report its quarterly earnings at $0.09 per share on revenue of $364.50 million.

Hot Blue Chip Stocks For 2018

Its a snoozefest.

The S&P 500 is stuck in its narrowest range in nearly half a century and trading volume is plumbing multi-month lows. But by September, investors may be pining for the dog days of summer, with data suggesting that it is historically the worst month for stocks.

Since 1928, the S&P 500 has dropped in September 56% of the time, according to Bank of America Merrill Lynch data. September is likewise dismal for blue chips, with the Dow Jones Industrial Average posting an average loss of 1.1% for the month.

Hot Blue Chip Stocks For 2018: Unifi, Inc.(UFI)

Advisors’ Opinion:

  • [By Lisa Levin]

    Unifi, Inc. (NYSE: UFI) shares were also up, gaining 18 percent to $26.92 as the company announced Q3 earnings of $0.56 per share on revenue of $161.3 million.

Hot Blue Chip Stocks For 2018: Wyndham Worldwide Corp(WYN)

Advisors’ Opinion:

  • [By Lee Jackson]

    The chief financial officerat Wyndham Worldwide Corp. (NYSE: WYN) wasselling stock this past week. Thomas Conforti parted with 25,900 shares of the hotel giant at $82.41 apiece. The total for the trade was posted at $2 million. The shares closed Friday at $82.65. The 52-week range is $62.60 to $86.72, and the consensus price target is $90.

  • [By Travis Hoium]

    Shares of hotel brand Wyndham Worldwide Corporation (NYSE:WYN) jumped as much as 11.1% in trading Wednesday after reporting first-quarter 2017 earnings. At 3:45 p.m. EDT on Wall Street, shares were still up an impressive 9.6% on the day.

  • [By Lisa Levin]

    Wednesday afternoon, the cyclical consumer goods & services sector proved to be a source of strength for the market. Leading the sector was strength from Conn's Inc (NASDAQ: CONN) and Wyndham Worldwide Corporation (NYSE: WYN).

Hot Blue Chip Stocks For 2018: TTM Technologies, Inc.(TTMI)

Advisors’ Opinion:

  • [By Anders Bylund]

    How do you pick the top names in this broadly lucrative industry? I’m here to show you my three favorites in the printed circuit board market: Sanmina (NASDAQ:SANM), Benchmark Electronics (NYSE:BHE), and TTM Technologies (NASDAQ:TTMI), each one tailor-made for a different type of investor.

  • [By Evan Niu, CFA]

    Shares of circuit board manufacturer TTM Technologies (NASDAQ:TTMI) have jumped today, up by 10% as of 3 p.m. EST, after the company reported fourth-quarter earnings.

Hot Blue Chip Stocks For 2018: Square, Inc.(SQ)

Advisors’ Opinion:

  • [By Leo Sun]

    Dorsey subsequently co-founded online payments company Square (NYSE:SQ) in 2009, and he was promoted from passive member to executive chairman of Twitter’s board in 2010, after Dick Costolo replaced Evan Williams.

  • [By Spencer Israel]

    You can listen to the show live every day from 8-9 a.m. ET here, or catch the podcast on iTunes, Soundcloud and Stitcher.

    Marvell Technology Group Ltd. (NASDAQ: MRVL): $19.75 has been the low since the deal was rumored so that’s support. Below that ,there’s a gap down to $18.55.
    Alibaba Group Holding Ltd (NYSE: BABA) has a pair of highs near $188. The premarket high was $188.07 and there are similar highs from Nov. 8 and 13, so that whole handle will be resistance.
    Square Inc (NYSE: SQ): It’s at all-time high levels right now. There’s support at Friday’s close at $44.18. 
    Twitter Inc (NYSE: TWTR): The Dorsey sympathy move is on. The Nov. 1 high of $20.99 and post-earnings high of $21.96 are two resistance levels. 
    General Electric Company (NYSE: GE): Has a double top from the last two sessions at $18.47 and $18.48.

    Watch the full show below!

  • [By Lee Jackson]

    Square Inc. (NYSE: SQ) had the president, CEO, chairman and co-founder, Jack Dorsey, selling shares this past week. Hesurrendered a total of 381,500 shares at a share price of $14.09. The total for the sale was posted at $5,375,764. The company develops and provides payment processing, point-of-sale, financial and marketing services worldwide. Its stock ended last week$13.63. The 52-week trading range is $8.06 to $15.91. The consensus price target is $14.14.

  • [By Zacks]

    Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
     
    Cisco Systems, Inc. (NASDAQ: CSCO): Free Stock Analysis Report
     
    Amazon.com, Inc. (NASDAQ: AMZN): Free Stock Analysis Report
     
    Facebook, Inc. (NASDAQ: FB): Free Stock Analysis Report
     
    Alphabet Inc. (NASDAQ: GOOGL): Free Stock Analysis Report
     
    Square, Inc. (NYSE: SQ): Free Stock Analysis Report
     
    PayPal Holdings, Inc. (NASDAQ: PYPL): Free Stock Analysis Report
     
    QUALCOMM Incorporated (NASDAQ: QCOM): Free Stock Analysis Report
     
    Microsoft Corporation (NASDAQ: MSFT): Free Stock Analysis Report
     
    NVIDIA Corporation (NASDAQ: NVDA): Free Stock Analysis Report
     
    To read this article on Zacks.com click here.
     
    Zacks Investment Research

Rotation, Rotation, Rotation: Value Is The New Tech

Rotation, Rotation, Rotation: Value Is The New Tech Related XLF With Financials Soaring, Don't Forget This Bank ETF Here's Where The Senate Tax Bill Goes Now S&P 500 Valuation Dashboard – Update (Seeking Alpha)
Related XLK Analyst: Fintech Is A Big Winner From Tax Reform, 5 Stocks To Play Semiconductor Stocks Are Under Heavy Selling Pressure Market Volatility Bulletin: Keep Your Eyes On Tech (Seeking Alpha)

Tech just got wrecked, said Benzinga PreMarket Prep co-host Dennis Dick.

Apple Inc. (NASDAQ: AAPL) “got hit hard.”

NVIDIA Corporation (NASDAQ: NVDA), Amazon.com, Inc. (NASDAQ: AMZN), Applied Materials, Inc. (NASDAQ: AMAT) and Micron Technology, Inc. (NASDAQ: MU) — “annihilated.”

Western Digital Corp (NASDAQ: WDC) lost 16 percent over the last eight trading sessions, and Square Inc (NYSE: SQ), after a 264-percent run, conceded 24 percent.

Semiconductors are selling off, and HubSpot Inc (NYSE: HUBS) even earned a Citron short report on its sudden fade.

“This is rotation station we are in right now and tech is out of favor and value is back in favor,” Dick said.

Who’s Sitting Pretty?

As tech falls, the once-forsaken shares of Gap Inc (NYSE: GPS), Macy’s Inc (NYSE: M), L Brands Inc (NYSE: LB), Costco Wholesale Corporation (NASDAQ: COST) and AT&T Inc. (NYSE: T) are surging.

“They like those no-growth stocks right now, and that’s what the money is all flying into,” Dick said. “Long-term, I don’t think this makes a hell of a lot of sense, but short-term, that’s the trade.”

For now, SPDR S&P Retail (ETF) (NYSE: XRT) and Financial Select Sector SPDR Fund (NYSE: XLF) investors can enjoy more than 6.5-percent five-day gains bolstered by PowerShares QQQ Trust, Series 1 (ETF) (NASDAQ: QQQ)’s 1.8-percent and Technology Select Sector SPDR Fund (NYSE: XLK)’s 2.7-percent concessions.

But they should always be ready to cash out, as the stocks plunge faster than they rise and risk getting stuck in a rut.

“They all end like this,” Dick said. “They come back after they break, and then it’s going to take some time. It’s got to form a base. Square is caught in a hard place right now. The momentum investors want nothing to do with it. The growth investors want nothing to do with it right now and the value investors like me say it’s too expensive. You need some consolidation, you need to hit a bottom, and then start to look like it’s going to go up again.”

How To Play It

So while value stocks are popping, Dick doesn’t see the trend lasting long.

“It is getting way overdone,” he said, noting that the stocks are low growth and not worth buying now. “If I had any of these in my investment portfolio, I would be ringing the register on these things right now.”

PreMarket Prep co-host Joel Elconin suggested parking the money pulled from tech plays.

“You park that money for a little bit, maybe sell some calls, finance, buy some puts with it, you try and go delta neutral like that and then you get this kind of rally and you get the principle appreciation,” Elconin said.

Related Links:

Traders See Signs Of Rotation Into Financials Amid Nasdaq's Worst Day In Months

Cramer's Guide To Profit From Market Rotations

PreMarket Prep is a daily trading ideas show hosted by former floor trader Joel Elconin and prop trader Dennis Dick. You can listen to the show live and participate in our chatroom every day from 8-9 a.m. ET here. The show is also available on YouTube Live. The podcast is available on iTunes, Soundcloud, and Stitcher.

IPO Weekly Recap: 3 IPOs Price In Quiet Post-Holiday Week

In another quiet week following the Thanksgiving holiday, just three companies came public. Micro-cap Chinese building materials supplier ReTo Eco-Solutions led the week with a 111% pop, followed by two blank-check companies, Leisure Acquisition and Regalwood Global Energy. In addition, seven companies filed terms this week, led by biotechs Denali Therapeutics and Odonate Therapeutics by deal size.

There were 26 IPOs in November, raising a combined $3.5 billion. Excluding three sub-$15 million IPOs, first day pops averaged 1% and averaged 11% in the aftermarket. Removing the four Chinese deals from the group would result in average aftermarket returns of 18%.

US tech IPOs were the best performers of the month, with companies like Stitch Fix ((NASDAQ:SFIX): +57% from IPO price), SendGrid ((NYSE:SEND): +32%), SailPoint Technologies ((NYSE:SAIL): +25%) and Aquantia ((Pending:AQ): +29%) all generating returns over 25%. On the other hand, Chinese fintech/lending firms underperformed, led by Jianpu Technology ((NYSE:JT): -38%). There have been seven Chinese companies to come public in the 4Q, with aftermarket returns averaging -28% (range from -43% to +71%).

3 IPOs During the Week of November 27th, 2017
Issuer
Business
Deal Size
($mm)
Market Cap
at IPO ($mm)
Price vs.
midpoint
First day
return
Return
at 12/1
ReTo Eco-Solutions (Pending:RETO) $14 $112 0% +111% +71%
Chinese supplier of eco-friendly construction materials.
Regalwood Global Energy (RWGE.U) $300 $375 0% 0% 0%
Blank check company formed by Carlyle to acquire an energy business.
Leisure Acquisition (LACQU) $200 $250 0% -0.4% -0.4%
Blank check company led by gaming and entertainment veteran Lorne Weil.

Micro-Cap Chinese IPO Pops
ReTo Eco-Solutions, a Chinese supplier of eco-friendly construction materials, quietly raised $14 million in its US IPO. At pricing, the company commanded a market value of $112 million. The stock popped 111% on its first day, although we note that volume was especially low at just 0.3 million shares, and ended the week up 71%.

Two SPACs Come to Market
Regalwood Global Energy (RWGE.U), an energy SPAC formed by Carlyle, raised $300 million in its IPO. Entertainment SPAC Leisure Acquisition (LACQU) raised $200 million in its IPO and traded down -0.4%. Executive Chairman Lorne Weil was previously behind the SPACs that acquired Inspired Entertainment (NASDAQ:INSE) and Tecnoglass (NASDAQ:TGLS).

There have been 31 blank check companies to come public this year, raising $8.6 billion in proceeds and generating an average total return of 1.0%.

IPO Market Snapshot
The Renaissance IPO Indices are market cap weighted baskets of newly public companies. The Renaissance IPO Index is up 33.8% year-to-date, ahead of the S&P 500, which is up 18.3%. Renaissance Capital’s IPO ETF (NYSE: IPO) tracks the index, and top ETF holdings include Square (NYSE:SQ) and Ferrari (OTC:RACE). The Renaissance International IPO Index is up 30.1% year-to-date, while the ACWX is up 22.9%. Renaissance Capital’s International IPO ETF (NYSE: IPOS) tracks the index, and top ETF holdings include Japan Post and Covestro.

SeekingAlphaAbout this article:ExpandTagged: Investing Ideas, IPO AnalysisWant to share your opinion on this article? Add a comment.Disagree with this article? Submit your own.To report a factual error in this article, click here

Tuesdays Vital Data: Micron Technology, Inc. (MU), Advanced Micro Devices, Inc. (AMD) and Square

U.S. stock futures are trending higher this morning, despite an impending flurry of data set to sweep over the Street. Foremost, Jerome Powell, President Donald Trump’s pick to run the Federal Reserve, is slated to testify before a Senate confirmation panel this morning.

stock market todayTraders will be looking for cues on how Powell will run the central bank. Also from the Fed, a trio of regional presidents are slated to give speeches later today.

On the economic front, October advance trade goods data, September home prices and the November consumer confidence index are all slated to hit near the open.

Against this crowded backdrop, Dow Jones Industrial Average futures have risen 0.14%, S&P 500 futures have added 0.09% and Nasdaq-100 futures are up 0.09%.

On the options front, volume remained relatively light as traders filtered back in from the holiday weekend. Overall, about 16.6 million calls and 12.1 million puts changed hands on Monday. As for the CBOE, the single-session equity put/call volume ratio ticked lower to 0.61, while the 10-day moving average held at 0.63.

Diving into Monday’s options activity, Micron Technology, Inc. (NASDAQ:MU) was smacked lower amid heavy volume after Morgan Stanley warned of falling NAND chip prices. Elsewhere, Advanced Micro Devices, Inc. (NASDAQ:AMD) has seen a surge in both call options activity and short interest in recent weeks, while Square Inc (NASDAQ:SQ) was downgraded to “sell” at BTIG due to bitcoin speculation.

Tuesday’s Vital Options Data: Micron Technology, Inc. (MU), Advanced Micro Devices, Inc. (AMD) and Square Inc (SQ)investorplace.com/wp-content/uploads/2017/11/11-28-2017-Top-Ten-Options-300×135.png 300w, investorplace.com/wp-content/uploads/2017/11/11-28-2017-Top-Ten-Options-65×30.png 65w, investorplace.com/wp-content/uploads/2017/11/11-28-2017-Top-Ten-Options-200×90.png 200w, investorplace.com/wp-content/uploads/2017/11/11-28-2017-Top-Ten-Options-400×180.png 400w, investorplace.com/wp-content/uploads/2017/11/11-28-2017-Top-Ten-Options-116×52.png 116w, investorplace.com/wp-content/uploads/2017/11/11-28-2017-Top-Ten-Options-100×45.png 100w,https://investorplace.com/wp-content/uploads/2017/11/11-28-2017-Top-Ten-Options-111×50.png 111w, investorplace.com/wp-content/uploads/2017/11/11-28-2017-Top-Ten-Options-78×35.png 78w, investorplace.com/wp-content/uploads/2017/11/11-28-2017-Top-Ten-Options-170×76.png 170w” sizes=”(max-width: 543px) 100vw, 543px” />

Micron Technology, Inc. (MU)

Morgan Stanley downgraded several semiconductor makers yesterday after stating that “now is the time to reduce exposure to NAND (flash memory) and Asian semiconductor names.” The brokerage firm says that they see the pricing power that bolstered NAND producers is reversing soon. While Morgan said that Micron would be fine due to its exposure to DRAM, the damage was already done.

MU stock shed more than 3% yesterday, pulling back to its 10-day moving average. This technical support provided courage to MU options traders, as the stock was flooded with calls on Monday. Volume nearly doubled MU’s daily average and topped 281,000 contracts. Calls made up an impressive 72% of this activity.

Expectations were already set pretty high for December, however, as the front-month put/call open interest ratio has fallen to a reading of 0.37, with calls nearly tripling puts for the series. That said, peak December call OI still rests at the in-the-money $45 strike, hinting that, despite the enthusiasm, MU options traders are still somewhat tempered in their expectations.

Next Page

Advanced Micro Devices, Inc. (AMD)

Unlike many of its peers, AMD continues to attract a wealth of negativity on Wall Street. The most recent reporting period for short interest underscored this fact, as the number of AMD shares sold short surged 12% to about 173 million. Short interest now accounts for a whopping 21% of AMD’s total float, or shares available for public trading.

At about the same time, AMD has seen a rise in call options activity. This increased attention to calls was underscored on Monday, when these typically bullish bets accounted for 71% of the more than 180,000 contracts traded on AMD. As a result, AMD’s December put/call OI ratio has fallen to a near-term low of 0.65 due to the added attention to call options.

So how are calls, or bets that a stock will go up, related to short selling? Well, short sellers will often buy calls as a way to hedge their short positions, thus limiting their losses. AMD has a history of volatile price movements, so hedging a short position with a call here would make sense. The takeaway is that sentiment remains highly negative on AMD, despite the recent rise in call open interest.

Square Inc (SQ)

Remember back on Nov. 20 when I warned that Square was overvalued due to the irrational exuberance surrounding bitcoin? Apparently, I’m not the only one who thinks so. Yesterday, BTIG issued a wake-up call, downgrading SQ stock to “sell” from “neutral” due to an overheated reaction to bitcoin news.

“We believe SQ’s valuation already reflects emphatic and unimpeded growth while failing to factor in competitive, credit-related and macro risks that did not go away when some investors suddenly viewed its shares as a play on a trendy cryptocurrency,” BITG said in the research note.

SQ stock plunged 16% following the downgrade. If you followed my secondary recommendation on SQ (the Dec $46/$47 bull call spread), I hope you already closed out your position. If you got into the primary recommendation (the Dec $41/$43 bear put spread), you should be sitting near a maximum return right now.

As for Monday’s options activity, calls were heavily favored and many traders rushed to take profits from the recent rally. Volume reached over 231,000 contracts, more than tripling SQ stock’s daily average, while calls made up 61% of the day’s take.

Square is heading lower again in premarket activity, putting the shares close to roughly 5,700 December $40 strike put contracts. I don’t see SQ taking out this level ahead of expiration unless more analysts pile on with BITG, however.

As of this writing, Joseph Hargett did not hold a position in any of the aforementioned securities.

8 Bitcoin Stocks That You Won’t Lose Your Shirt Over

Bitcoin may not have the trust of Wall Street institutions just yet, but millennials are all in. Blockchain Capital recently conducted a study of 2,000 millennials (aged 18-34) and asked them to make a theoretical choice between owning $1,000 in bonds or stocks and $1,000 in bitcoin. Thirty percent chose bitcoin.

These days, a single bitcoin goes for $7,230. That’s a gain of nearly 700% since the beginning of the year. It seems millennials are laughing all the way to the decentralized blockchain.

The price of bitcoin keeps skyrocketing because people believe its price will keep shooting higher. It’s such an incredible gain, in fact, that C-suite execs can no longer afford to ignore bitcoin and its underlying technology — blockchain. Neither can you.

The following bitcoin stocks aren’t pure plays on the cryptocurrency and that’s what makes them attractive. Once bitcoin is no longer cool, there will be a massive correction, but not in companies that are diversified. And Blockchain, for what it’s worth, is another thing entirely.

That’s why the following stocks are all much safer bets on the digital money craze than bitcoin, ethereum or any other digital currency. And you won’t end up like this guy for owning them.

Bitcoin Stocks: Microsoftinvestorplace.com/wp-content/uploads/2017/03/msftmsn-300×165.jpg 300w, investorplace.com/wp-content/uploads/2017/03/msftmsn-55×30.jpg 55w, investorplace.com/wp-content/uploads/2017/03/msftmsn-200×110.jpg 200w, investorplace.com/wp-content/uploads/2017/03/msftmsn-162×88.jpg 162w, investorplace.com/wp-content/uploads/2017/03/msftmsn-400×220.jpg 400w, investorplace.com/wp-content/uploads/2017/03/msftmsn-116×64.jpg 116w, investorplace.com/wp-content/uploads/2017/03/msftmsn-100×55.jpg 100w, investorplace.com/wp-content/uploads/2017/03/msftmsn-91×50.jpg 91w, investorplace.com/wp-content/uploads/2017/03/msftmsn-78×43.jpg 78w,https://investorplace.com/wp-content/uploads/2017/03/msftmsn-170×93.jpg 170w” sizes=”(max-width: 728px) 100vw, 728px” />Source: Shutterstock
Bitcoin Stocks: Microsoft

Blockchain, the technology behind bitcoin, could be the most monumental shift in our culture since the internet, which is why Microsoft Corporation (NASDAQ:MSFT) invested in it.

Azure, Microsoft’s cloud computing arm, hopes to be the first to mainstream blockchain-to-enterprise businesses. Billed as a distribution ledger, Microsoft is selling businesses a new infrastructure from which to do business, offering several different blockchain apps for companies to create their own “network topology:”:

“Rather than spending hours building out and configuring the infrastructure, we have automated these time-consuming pieces to allow you to focus on building out your scenarios and applications. You are only charged for the underlying infrastructure resources consumed, such as compute, storage, and networking. There are no incremental charges for the solution itself.”

Companies that will benefit the most tend to rely on third-party intermediaries, with multiple parties sharing and updating data between firms. Blockchain simplifies this process and allows everyone to have access to the same data at all times. Nothing can be deleted.

The difference between Microsoft’s blockchain and bitcoin’s, however, is that bitcoin is a public blockchain while Microsoft’s is specifically designed for enterprise. And it’s not the only company that has found an enterprise use for bitcoin’s secret sauce …

Bitcoin Stocks: International Business Machines Corp. (IBM)investorplace.com/wp-content/uploads/2016/04/ibmmsn_watson-300×165.jpg 300w, investorplace.com/wp-content/uploads/2016/04/ibmmsn_watson-73×40.jpg 73w, investorplace.com/wp-content/uploads/2016/04/ibmmsn_watson-55×30.jpg 55w, investorplace.com/wp-content/uploads/2016/04/ibmmsn_watson-250×137.jpg 250w, investorplace.com/wp-content/uploads/2016/04/ibmmsn_watson-200×110.jpg 200w, investorplace.com/wp-content/uploads/2016/04/ibmmsn_watson-162×88.jpg 162w, investorplace.com/wp-content/uploads/2016/04/ibmmsn_watson-160×88.jpg 160w, investorplace.com/wp-content/uploads/2016/04/ibmmsn_watson-65×36.jpg 65w,https://investorplace.com/wp-content/uploads/2016/04/ibmmsn_watson-100×55.jpg 100w, investorplace.com/wp-content/uploads/2016/04/ibmmsn_watson-91×50.jpg 91w, investorplace.com/wp-content/uploads/2016/04/ibmmsn_watson-78×43.jpg 78w, investorplace.com/wp-content/uploads/2016/04/ibmmsn_watson-170×93.jpg 170w” sizes=”(max-width: 728px) 100vw, 728px” />Source: Atomic Taco via Flickr
Bitcoin Stocks: IBM

International Business Machines Corp. (NYSE:IBM), like Microsoft, is targeting enterprise with blockchain technology, and it has several solutions for businesses small and large.

IBM is focusing on democratic applications of blockchain. That is, it allows users to create networks, determine governance rules, invite network members and validate transactions.

Its “blockchain workshop” provides consultation on how to best use the technology and successfully create your own blockchain network. While “blockchain accelerator” helps guide businesses through the legal and technical ramifications of blockchain networks.

What’s more, IBM is continually dreaming up new applications for blockchain as “untold more” exist that will change the future of business for the better. Enter Hyperledger — IBM’s open source collaboration to improve blockchain across all industries.

More than 130 members spanning industries such as finance, manufacturing and technology are working to create a distributed ledger framework that is open and standardized.

Bitcoin Stocks: Pfizer (PFE)investorplace.com/wp-content/uploads/2017/10/pfemsn-300×150.jpg 300w, investorplace.com/wp-content/uploads/2017/10/pfemsn-768×384.jpg 768w, investorplace.com/wp-content/uploads/2017/10/pfemsn-60×30.jpg 60w, investorplace.com/wp-content/uploads/2017/10/pfemsn-200×100.jpg 200w, investorplace.com/wp-content/uploads/2017/10/pfemsn-400×200.jpg 400w, investorplace.com/wp-content/uploads/2017/10/pfemsn-116×58.jpg 116w, investorplace.com/wp-content/uploads/2017/10/pfemsn-100×50.jpg 100w, investorplace.com/wp-content/uploads/2017/10/pfemsn-78×39.jpg 78w, investorplace.com/wp-content/uploads/2017/10/pfemsn-800×400.jpg 800w,https://investorplace.com/wp-content/uploads/2017/10/pfemsn-170×85.jpg 170w” sizes=”(max-width: 950px) 100vw, 950px” />Source: Shutterstock
Bitcoin Stocks: Pfizer

Big Pharma has been plagued by supply-chain fraud and blockchain is the answer to all its problems.

The Drug Supply Chain Security Act (DSCSA), established in 2013, is weighing on the pharmaceutical industry to find a solution and Big Pharma is betting on blockchain to create an interoperable system to stamp out rampant counterfeiting.

To this end, Pfizer Inc. (NYSE:PFE) joins with several Big Pharma cohorts in the “MediLedger Project,” a collective of pharmaceutical companies working on a program to track drugs through a blockchain.

Basically, if a shipment of drugs “falls off the truck,” the data stored on the blockchain would show who last touched the shipment. Any stolen goods would be harder to unload in bulk, too, as blockchain makes it easier to prove authenticity.

Such a system could slow the bleed of counterfeit drugs, which hit $75 billion this year, and that could only be good for Pfizer’s bottom line.

Bitcoin Stocks: Overstock (OSTK)investorplace.com/wp-content/uploads/2017/07/ostkmsn-300×165.jpg 300w, investorplace.com/wp-content/uploads/2017/07/ostkmsn-55×30.jpg 55w, investorplace.com/wp-content/uploads/2017/07/ostkmsn-200×110.jpg 200w, investorplace.com/wp-content/uploads/2017/07/ostkmsn-162×88.jpg 162w, investorplace.com/wp-content/uploads/2017/07/ostkmsn-400×220.jpg 400w, investorplace.com/wp-content/uploads/2017/07/ostkmsn-116×64.jpg 116w, investorplace.com/wp-content/uploads/2017/07/ostkmsn-100×55.jpg 100w, investorplace.com/wp-content/uploads/2017/07/ostkmsn-91×50.jpg 91w, investorplace.com/wp-content/uploads/2017/07/ostkmsn-78×43.jpg 78w,https://investorplace.com/wp-content/uploads/2017/07/ostkmsn-170×93.jpg 170w” sizes=”(max-width: 728px) 100vw, 728px” />Source: Overstock.com
Bitcoin Stocks: Overstock

The past few months have been good to Overstock.com Inc (NASDAQ:OSTK), which has gained 200%-plus since the beginning of August. Not bad for an outlying e-commerce stock that scrambles for light under Amazon.com, Inc.’s (NASDAQ:AMZN) shadow.

The reason for this is Medici Ventures, Overstock’s blockchain-focused division that has been in the works secretly for the past three years. Medici, according to its website, focuses on “six key areas of emerging crypto-industries” — capital markets, money and banking, identity, land, voting and underlying tech. The firm has a number of companies in its portfolio dedicated to advancing blockchain applications, but the most prominent is tZero.

TZero is planning an initial coin offering (ICO) to fund the development of trade “tokens” for an SEC-compliant alternative trading system. Essentially, it’s a stock offering in the parlance of blockchain.

According to at least one analyst, OSTK stock could gain more than 60% if it sold its retail business to focus solely on its blockchain ventures.

Bitcoin Stocks: Square (SQ)investorplace.com/wp-content/uploads/2017/02/sqmsn-300×165.jpg 300w, investorplace.com/wp-content/uploads/2017/02/sqmsn-55×30.jpg 55w, investorplace.com/wp-content/uploads/2017/02/sqmsn-200×110.jpg 200w, investorplace.com/wp-content/uploads/2017/02/sqmsn-162×88.jpg 162w, investorplace.com/wp-content/uploads/2017/02/sqmsn-400×220.jpg 400w, investorplace.com/wp-content/uploads/2017/02/sqmsn-116×64.jpg 116w, investorplace.com/wp-content/uploads/2017/02/sqmsn-100×55.jpg 100w, investorplace.com/wp-content/uploads/2017/02/sqmsn-91×50.jpg 91w, investorplace.com/wp-content/uploads/2017/02/sqmsn-78×43.jpg 78w,https://investorplace.com/wp-content/uploads/2017/02/sqmsn-170×93.jpg 170w” sizes=”(max-width: 728px) 100vw, 728px” />Source: Via Square
Bitcoin Stocks: Square

Square Inc (NYSE:SQ) CEO Jack Dorsey hasn’t been shy on the topic of blockchain, describing the technology as “the next big unlock,” but he cautions against blanket approaches.

Does this mean that Square, or Twitter Inc (NYSE:TWTR), won’t soon take advantage of blockchain? Not necessarily. Until then, Square stock is primed to have a first-mover advantage in the bitcoin marketplace space, which isn’t a bad place to be.

Square just hopped on the bitcoin train this week, and not a minute too soon. In the past month alone, the price of bitcoin has soared 17% to once again top $7,150. SQ stock gained 2% on reports of it testing a bitcoin marketplace in its Square Cash app, as user Zach Miles revealed through Twitter:

since when can you buy bitcoin through @SquareCash?! pic.twitter.com/etrEY41kCo

— Zach Miles (@zachmil_es) November 8, 2017

As this bitcoin-buying feature begins rolling out to more of Square’s user base, SQ stock could benefit from fees it generates from people buying and selling the cryptocurrency.

And more people could flock to bitcoin as Square gives the digital currency a mainstream legitimacy.

Bitcoin Stocks: JPMorgan (JPM)investorplace.com/wp-content/uploads/2016/05/jpmmsn-300×165.jpg 300w, investorplace.com/wp-content/uploads/2016/05/jpmmsn-55×30.jpg 55w, investorplace.com/wp-content/uploads/2016/05/jpmmsn-200×110.jpg 200w, investorplace.com/wp-content/uploads/2016/05/jpmmsn-162×88.jpg 162w, investorplace.com/wp-content/uploads/2016/05/jpmmsn-65×36.jpg 65w, investorplace.com/wp-content/uploads/2016/05/jpmmsn-100×55.jpg 100w, investorplace.com/wp-content/uploads/2016/05/jpmmsn-91×50.jpg 91w, investorplace.com/wp-content/uploads/2016/05/jpmmsn-78×43.jpg 78w, investorplace.com/wp-content/uploads/2016/05/jpmmsn-170×93.jpg 170w” sizes=”(max-width: 728px) 100vw, 728px” />Source: via Wikimedia
Bitcoin Stocks: JPMorgan

JPMorgan Chase & Co. (NYSE:JPM) CEO Jamie Dimon isn’t one to mince words, dubbing bitcoin a “fraud” and questioning the intelligence of the people who buy it. Blockchain, however, is another story.

Which is why JPM just launched a new payment processing network that uses blockchain in collaboration with the Royal Bank of Canada (NYSE:RY) and the Australia and New Zealand Banking Group.

Blockchain has proven especially valuable for finance, and JPMorgan has poured millions into its blockchain effort, Quorum, which it hopes will simplify its processes and lower its costs.

For instance, international money transfers would reach their beneficiaries much more quickly (and much more securely) when done through blockchain than through traditional means. This will be especially true as more banks join in.

Bitcoin Stocks: SAP (SAP)investorplace.com/wp-content/uploads/2016/11/sapmsn-300×165.jpg 300w, investorplace.com/wp-content/uploads/2016/11/sapmsn-55×30.jpg 55w, investorplace.com/wp-content/uploads/2016/11/sapmsn-200×110.jpg 200w, investorplace.com/wp-content/uploads/2016/11/sapmsn-162×88.jpg 162w, investorplace.com/wp-content/uploads/2016/11/sapmsn-400×220.jpg 400w, investorplace.com/wp-content/uploads/2016/11/sapmsn-116×64.jpg 116w, investorplace.com/wp-content/uploads/2016/11/sapmsn-100×55.jpg 100w, investorplace.com/wp-content/uploads/2016/11/sapmsn-91×50.jpg 91w, investorplace.com/wp-content/uploads/2016/11/sapmsn-78×43.jpg 78w,https://investorplace.com/wp-content/uploads/2016/11/sapmsn-170×93.jpg 170w” sizes=”(max-width: 728px) 100vw, 728px” />Source: Thetaxhaven via Flickr (modified)
Bitcoin Stocks: SAP

Another company listed in the Reality Shares Nasdaq Blockchain Economy Index is SAP SE (ADR) (NYSE:SAP). SAP revealed its blockchain-as-a-service product earlier this year, a fee-based service accessible in the SAP cloud.

As more businesses begin to use emerging technologies like blockchain, it’s SAP’s job to leverage that into a business model. Enter SAP Leonardo, a product line that includes machines learning, Big Data, Internet of Things, analytics and blockchain services.

SAP Leonardo is crucial to SAP’s growth and ability to adapt to an increasingly digital world as businesses seek out new technologies to better serve the customer.

SAP is also spearheading a blockchain co-innovation initiative to cement blockchain into IoT, manufacturing and digital supply chains.

Bitcoin Stocks: Accenture (ACN)investorplace.com/wp-content/uploads/2017/11/acnmsn-300×165.jpg 300w, investorplace.com/wp-content/uploads/2017/11/acnmsn-55×30.jpg 55w, investorplace.com/wp-content/uploads/2017/11/acnmsn-200×110.jpg 200w, investorplace.com/wp-content/uploads/2017/11/acnmsn-162×88.jpg 162w, investorplace.com/wp-content/uploads/2017/11/acnmsn-400×220.jpg 400w, investorplace.com/wp-content/uploads/2017/11/acnmsn-116×64.jpg 116w, investorplace.com/wp-content/uploads/2017/11/acnmsn-100×55.jpg 100w, investorplace.com/wp-content/uploads/2017/11/acnmsn-91×50.jpg 91w, investorplace.com/wp-content/uploads/2017/11/acnmsn-78×43.jpg 78w,https://investorplace.com/wp-content/uploads/2017/11/acnmsn-170×93.jpg 170w” sizes=”(max-width: 728px) 100vw, 728px” />Source: Shutterstock
Bitcoin Stocks: Accenture

Accenture Plc (NYSE:ACN) recently found itself listed in the new Reality Shares Nasdaq Blockchain Economy Index as it seeks to solve what it considers “inefficiencies around money transfers.”

ACN is a consulting firm that works with clients to improve their business. As such, Accenture has blockchain experts that go around from business to business to help them implement a blockchain strategy.

They do this through a number of services, including strategy assessment (basically determining whether blockchain is right for a particular business), blockchain solution design (a “holistic” process for blockchain operations), blockchain bootcamp (workshops for training employees), blockchain sandboxes (hands-on development with blockchain toolsets) and more.

Their goal? The swift adoption of a distributed ledger system. That can only be good for every company on this list.

John Kilhefner is the deputy managing editor of InvestorPlace.com. He does not hold a position in any of the aforementioned securities. Follow him on Twitter at @jkilhefner.