Fundstrat Global Advisors, the research firm known for its bullish Bitcoin bets, is at it again with the second forecast in a week leading up to one of the world’s biggest cryptocurrency conferences.
One Bitcoin could be worth around $36,000 by the end of 2019, Fundstrat’s Sam Doctor wrote in a report for clients Thursday, noting that the value of the top digital token could range from $20,000 to $64,000. It traded around $9,300 on Thursday. The researcher’s call was based in part on the notion that improving cryptocurrency mining economics support price appreciation.
“Bitcoin miners verify and process transactions, supporting the network in exchange for mining rewards and transaction fees,” Fundstrat said. “We argue that the Price/Miner’s Breakeven Cost multiple has proven a reliable long-term support level, and further, that the likely trajectory of future mining infrastructure growth should underpin Bitcoin price appreciation into year-end 2019.”
Best Value Stocks To Watch Right Now: Union Bankshares Corporation(UBSH)
- [By Motley Fool Staff]
Union First Market Bankshares (NASDAQ:UBSH) Q2 2018 Earnings Conference CallJul. 18, 2018 9:00 a.m. ET
Prepared Remarks Questions and Answers Call Participants
Best Value Stocks To Watch Right Now: THERMOGENESIS Corp.(KOOL)
- [By Paul Ausick]
Cesca Therapeutics Inc. (NASDAQ: KOOL) traded down nearly 34% Wednesday to post a new 52-week low of $0.52 after closing Tuesday at $0.80. The stock’s 52-week high is $6.44. Volume was about 40 times the daily average of around 142,000 shares. The company priced a secondary offering of 9.17 million units at $0.60 per unit of one common share and one common warrant to purchase an additional common share.
- [By Max Byerly]
Media headlines about Cesca Therapeutics (NASDAQ:KOOL) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research group identifies positive and negative news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Cesca Therapeutics earned a daily sentiment score of 0.15 on Accern’s scale. Accern also assigned news coverage about the biotechnology company an impact score of 46.0307775258496 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
- [By Lisa Levin]
Shares of Cesca Therapeutics Inc. (NASDAQ: KOOL) were down 24 percent to $0.8552 after reporting Q1 results.
Netshoes (Cayman) Limited (NASDAQ: NETS) was down, falling around 38 percent to $3.15 as the company posted downbeat Q1 results.
- [By Lisa Levin]
Shares of Cesca Therapeutics Inc. (NASDAQ: KOOL) were down 21 percent to 0.88 after reporting Q1 results.
Netshoes (Cayman) Limited (NASDAQ: NETS) was down, falling around 36 percent to $3.27 as the company posted downbeat Q1 results.
Best Value Stocks To Watch Right Now: Charter Financial Corp.(CHFN)
- [By Stephan Byrd]
Charter Financial (NASDAQ: CHFN) and Riverview Bancorp (NASDAQ:RVSB) are both small-cap finance companies, but which is the better business? We will contrast the two businesses based on the strength of their institutional ownership, analyst recommendations, dividends, earnings, profitability, risk and valuation.
- [By Logan Wallace]
Charter Financial (NASDAQ: CHFN) and Provident Financial (NASDAQ:PROV) are both small-cap finance companies, but which is the better stock? We will contrast the two companies based on the strength of their analyst recommendations, institutional ownership, earnings, valuation, profitability, risk and dividends.
Best Value Stocks To Watch Right Now: Wayfair Inc.(W)
- [By Max Byerly]
Wayfair (NYSE:W) had its price target raised by stock analysts at Canaccord Genuity from $95.00 to $135.00 in a report issued on Monday. The brokerage currently has a “buy” rating on the stock. Canaccord Genuity’s target price would suggest a potential upside of 21.33% from the stock’s previous close.
- [By Jeremy Bowman]
There’s no question thatWayfair(NYSE:W) has been a success on the stock market. Since its 2014 IPO, the stock has more than tripled, and those gains have come almost entirely since the start of 2017. Revenue growth has accelerated after declining for several previous quarters, and investors now seem convinced the company is here to stay as it approaches $6 billion in revenue this year.
- [By Demitrios Kalogeropoulos, Jeremy Bowman, and Steve Symington]
If you’re attracted to the growth potential that these cryptocurrencies promise, but would prefer a more stable long-term investment, then it’s time to take a closer look atIqiyi (NASDAQ:IQ), Wayfair (NYSE:W), and Palo Alto Networks (NYSE:PANW).
- [By Demitrios Kalogeropoulos]
E-commerce retailerWayfair (NYSE:W) has trounced the market by rising 48% through the first six months of 2018, compared to a 2% uptick in the S&P 500, according to data provided by S&P Global Market Intelligence.