Three years of bitter infighting in the Bitcoin community reached a head on Tuesday, when a disgruntled group splintered off to create a new coin called Bitcoin Cash that can process a greater number of transactions per second but shares the same transaction history as Bitcoin up until Tuesday at 8:20am Eastern Time.
Though many insiders were anxiously anticipating the event, the market seemed to shrug it off. The price of Bitcoin, which had been rising over the last few days, dropped only 5% from $2,875 to $2,718, according to Coinmarketcap.com.
“I think this thing will totally blow over,” said Daniel Masters, director of Global Advisors, which runs the Global Advisors Bitcoin Investment Fund. “I think Bitcoin Cash will exist. I think it will be a low-priced coin compared to Bitcoin. In three months’ time, I would be very surprised if it’s worth more than $50.” (Its current price is $470.)
However, it is the first time in Bitcoin’s history that a new coin created from it has a name that could cause it to be mistaken for the original. While it’s too soon to tell, that potential for confusion could someday become an issue for what has so far, because of its 21 million-coin cap, been considered digital gold.
Hot Gold Stocks To Watch For 2019: Fluor Corporation(FLR)
Advisors’ Opinion:
- [By ]
TheStreet’s founder and Action Alerts PLUS Portfolio Manager Jim Cramer is keeping an eye on shares of Fluor Corporation (FLR) , which moved sharply lower Friday after reporting a quarterly loss for its most recent quarter.
- [By ]
TheStreet’s founder and Action Alerts PLUS Portfolio Manager Jim Cramer weighs in on Friday’s trending market topics, including tariffs, jobs report, Fluor (FLR) and Norwegian Cruise Line (NCLH) .
- [By Chris Lange]
The S&P 500 stock posting the largest daily percentage loss ahead of the close Friday was Fluor Corp. (NYSE: FLR) which traded down about 22% at $45.75. The stocks 52-week range is $37.04 to $62.09. Volume was 12 million compared to the daily average volume of 1.3 million.
- [By Lisa Levin]
Check out these big penny stock gainers and losers
Losers
Check-Cap Ltd. (NASDAQ: CHEK) shares dipped 47.8 percent to $4.60. Check-Cap priced its upsized underwritten offering of public units at $5.50 per unit.
VivoPower International PLC (NASDAQ: VVPR) shares fell 41.5 percent to $2.57.
Universal Electronics Inc. (NASDAQ: UEIC) dropped 35.1 percent to $29.50 after the company posted downbeat quarterly results.
Euro Tech Holdings Company Limited (NASDAQ: CLWT) dropped 34.8 percent to $3.75 after climbing 155.56 percent on Thursday.
Integrated Media Technology Limited (NASDAQ: IMTE) fell 25.2 percent to $24.01 after surging 46.29 percent on Thursday.
Fluor Corporation (NYSE: FLR) dropped 22.5 percent to $45.73 after the company reported downbeat earnings for its first quarter and lowered its profit outlook for the year.
AMN Healthcare Services, Inc (NYSE: AMN) shares fell 19.6 percent to $52.075 following Q1 earnings.
Adverum Biotechnologies, Inc. (NASDAQ: ADVM) shares declined 18.1 percent to $5.20. Adverum Biotech disclosed that its CEO Amber Salzman is stepping down.
Newater Technology, Inc. (NASDAQ: NEWA) dropped 17.2 percent to $12.83.
Basic Energy Services, Inc. (NYSE: BAS) fell 17.2 percent to $13.65 following Q1 results.
Xperi Corporation (NASDAQ: XPER) declined 15.8 percent to $19.40 after announcing Q1 results.
Sharing Economy International Inc. (NASDAQ: SEII) shares fell 15.1 percent to $3.649 after climbing 22.16 percent on Thursday.
Performant Financial Corporation (NASDAQ: PFMT) dropped 14.2 percent to $2.65.
Gogo Inc. (NASDAQ: GOGO) shares fell 13.2 percent to $8.32 after the company reported Q1 results and disclosed that it is withdrawing its FY18 outlook for adjusted EBITDA, airborne cash capex, airborne equipment inventory purchases and free cash flow.
Technical Communications Corporation (NASDAQ: TCCO) dropped 12.2 percent to $5.05.
Web.com Group, Inc. (NASDAQ: WEB) fell 9.7 percent - [By Lisa Levin]
Check out these big penny stock gainers and losers
Losers
Fluor Corporation (NYSE: FLR) fell 13.4 percent to $51.10 in pre-market trading after the company reported downbeat earnings for its first quarter and lowered its profit outlook for the year.
Integrated Media Technology Limited (NASDAQ: IMTE) fell 9.8 percent to $28.97 in pre-market trading after surging 46.29 percent on Thursday.
Gogo Inc. (NASDAQ: GOGO) shares fell 8.2 percent to $8.81 in pre-market trading after the company reported Q1 results and disclosed that it is withdrawing its FY18 outlook for adjusted EBITDA, airborne cash capex, airborne equipment inventory purchases and free cash flow.
Sharing Economy International Inc. (NASDAQ: SEII) shares fell 7.5 percent to $3.98 in pre-market trading after climbing 22.16 percent on Thursday.
Arista Networks, Inc. (NYSE: ANET) fell 7.4 percent to $248.00 in pre-market trading following first-quarter earnings.
Web.com Group, Inc. (NASDAQ: WEB) fell 6.7 percent to $18.00 in pre-market trading after reporting Q1 results.
Varex Imaging Corporation (NASDAQ: VREX) fell 5.2 percent to $34 in pre-market trading after reporting Q2 results.
Turkcell Iletisim Hizmetleri A.S. (NYSE: TKC) shares fell 5.2 percent to $7.60 in pre-market trading after dropping 3.02 percent on Thursday.
AMN Healthcare Services, Inc (NYSE: AMN) shares fell 4.7 percent to $61.70 in pre-market trading following Q1 earnings.
HSBC Holdings plc (NYSE: HSEA) fell 4.6 percent to $25.15 in pre-market trading after reporting Q1 results.
Stratasys Ltd. (NASDAQ: SSYS) shares fell 4 percent to $16.66 in pre-market trading after dropping 2.86 percent on Thursday.
Melco Resorts & Entertainment Limited (NASDAQ: MLCO) fell 4 percent to $30.65 in pre-market trading.
Century Aluminum Co (NASDAQ: CENX) fell 4 percent to $15.76 in pre-market trading following Q1 results.
HSBC Holdings plc (NYSE: HSBC) shares fell 3.5 percent to $48.10 in pre-market tr - [By Lisa Levin]
Shares of Fluor Corporation (NYSE: FLR) were down 22 percent to $45.98 after the company reported downbeat earnings for its first quarter and lowered its profit outlook for the year.
Hot Gold Stocks To Watch For 2019: Genuine Parts Company(GPC)
Advisors’ Opinion:
- [By ]
2. Price To Sales
Another useful metric is the price-to-sales ratio (P/S). P/S measures a company’s market cap versus its annual revenue number. The idea is that the lower the number, the greater the implied value. For example, Snap, Inc. (Nasdaq: SNAP) trades at 26.9 times sales, an incredibly expensive number. However, aftermarket auto parts giant Genuine Parts (NYSE: GPC) trades at just 0.88 times sales — 88 cents to every dollar of sales the company brings in. Often, the lower the number, the more inefficiently the market has mispriced the stock. - [By ]
Genuine Parts Co. (NYSE: GPC)
Ok, now I know I’ve definitely locked in the broken record award. GPC is better known to consumers as NAPA auto parts. And aftermarket auto parts is probably one of the most lucrative businesses in the United States for too many reasons to cover now.
Hot Gold Stocks To Watch For 2019: Del Taco Restaurants, Inc.(TACO)
Advisors’ Opinion:
- [By ]
Del Taco Restaurants (TACO) : “We have so many others in that group, why go with this one?”
Snap (SNAP) : “I think this one is going nowhere.”
Hot Gold Stocks To Watch For 2019: Tiptree Financial Inc.(TIPT)
Advisors’ Opinion:
- [By Joseph Griffin]
TRADEMARK VIOLATION WARNING: “Tiptree (TIPT) Raised to C at TheStreet” was posted by Ticker Report and is the sole property of of Ticker Report. If you are reading this piece of content on another site, it was stolen and reposted in violation of United States and international copyright & trademark law. The original version of this piece of content can be accessed at www.tickerreport.com/banking-finance/3350618/tiptree-tipt-raised-to-c-at-thestreet.html.
Hot Gold Stocks To Watch For 2019: NewMarket Corporation(NEU)
Advisors’ Opinion:
- [By Ethan Ryder]
Get a free copy of the Zacks research report on NewMarket (NEU)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Hot Gold Stocks To Watch For 2019: Farmers Capital Bank Corporation(FFKT)
Advisors’ Opinion:
- [By Lisa Levin]
Friday morning, the financial shares climbed 0.50 percent. Meanwhile, top gainers in the sector included Farmers Capital Bank Corporation (NASDAQ: FFKT), up 16 percent, and Associated Banc-Corp (NYSE: ASB), up 9 percent.
- [By Lisa Levin]
On Friday, the financial shares climbed 0.31 percent. Meanwhile, top gainers in the sector included Farmers Capital Bank Corporation (NASDAQ: FFKT), up 16 percent, and Associated Banc-Corp (NYSE: ASB), up 10 percent.
- [By Lisa Levin] Gainers
AGM Group Holdings Inc. (NASDAQ: AGMH) shares climbed 30.3 percent to $11.05 after climbing 34.60 percent on Thursday.
Limelight Networks, Inc. (NASDAQ: LLNW) jumped 21.2 percent to $4.9699 following a first-quarter earnings beat. The company also raised its fiscal 2018 estimates.
Telefonaktiebolaget LM Ericsson (NASDAQ: ERIC) shares climbed 18.8 percent to $7.89 after reporting strong Q1 earnings.
Farmers Capital Bank Corp (NASDAQ: FFKT) gained 15.4 percent to $48.75. WesBanco Inc (NASDAQ: WSBC) announced an agreement and plan of merger with Farmers Capital Bank Corporation.
TransUnion (NYSE: TRU) climbed 10.2 percent to $66.76 after the company posted upbeat Q1 results and issued a strong forecast for the second quarter. TransUnion announced plans to acquire Callcredit.
Myomo, Inc. (NYSE: MYO) shares gained 9.2 percent to $3.9299 after rising 8.11 percent on Thursday.
Pinnacle Foods Inc (NYSE: PF) gained 8.8 percent to $60.04 after a 13-D filing from Jana Partners showed an increased stake in the comapny, from 1.42 million shares at the end of last quarter to 10.83 million shares, or a 9.3-percent stake.
Associated Banc-Corp (NYSE: ASB) shares climbed 8.8 percent to $26.70 following upbeat Q1 earnings.
OFG Bancorp (NYSE: OFG) gained 8.5 percent to $12.80 after reporting Q1 results.
Cleveland-Cliffs Inc. (NYSE: CLF) climbed 7.5 percent to $7.73 following Q1 results.
Seaspan Corporation (NYSE: SSW) shares climbed 6.7 percent to $7.50. Deutsche Bank upgraded Seaspan from Hold to Buy.
General Electric Company (NYSE: GE) shares rose 4.6 percent to $14.63 after the company reported better-than-expected earnings for its first quarter.
Ionis Pharmaceuticals, Inc. (NASDAQ: IONS) rose 4.3 percent to $47.80. Biogen and Ionis have expanded their strategic collaboration to develop drug candidates for a broad range of neurological diseases.
Check out these big penny stock gainers and losers
- [By Lisa Levin]
Friday afternoon, the financial shares climbed 0.11 percent. Meanwhile, top gainers in the sector included Farmers Capital Bank Corporation (NASDAQ: FFKT), up 16 percent, and OFG Bancorp (NYSE: OFG), up 10 percent.
