CryptoSoho Trade, Invest, Buy and Sell analysis. Based on our experience, portfolio and quotes.
Crypto Update
Shopify, Tezos, Bank of China & More
3 September 2019 | 16:33 ET
- Shopify merchants can now accept Bitcoin lightning payments thanks to OpenNode integration – another step forward on the road to global adoption.
- In terms of Bitcoin price, currently eyeing the $9,100 support level. A confirmed break of this level and we could be heading to $8.5K and ‘closing the gap’ on the CME Bitcoin Futures chart. Interestingly there is a possibility that the gap close could happen around the time of Bakkt going live, which along with the confluence of other technical indicators, could initiate a significant buying spree.
- BTC saw heavy intro-day volumes on Wednesday, the heaviest since mid-July. Part of the speculation around the downswing was fears that a US judgment against Craig Wright. This is the legal battle where the estate of David Kleinman sued Wright for his share of Wright’s BTC holdings. If ordered to pay up, it could be as high as $5 billion. This temporarily spooked the market that Wright would have to dump a load of BTC into the market in order to pay up, although there’s still no clarity on the extent of his holdings.
- Tezos, which claimed to be the first self-amending crypto resulting in the decreased likelihood of a hard fork has done exactly that. The hard fork will result in a new cryptoasset call ‘Dune’.
- The People’s Bank of China has decided to give out the first batch of its digital currency to 8 institutions. Forbes reported the news on Aug. 27. The sources named are Paul Schulte, who previously worked as head of the China Construction Bank, and an anonymous individual identified as part of China’s CBDC project. According to Schulte, the first beneficiaries of China’s CBDC are Alibaba, Tencent, China Construction Bank, the Industrial and Commercial Bank of China, the Bank of China, the Agricultural Bank of China and Chinese banking association Union Pay.
- Binance Research, the research arm of the major crypto platform Binance, has reported that no bank account will be necessary to use China’s Central Bank Digital Currency (CBDC).
Trade
Lockheed Martin Corp. (LMT): BUY Signal
Lockheed Martin Corp. (LMT): BUY Signal19 May 2019 | 16:24 ET
12m Price target: $398.00
Price: $334.15
Upside: 19.1%
Key takeaways:
- F-35 growth: Demand for the aircraft is increasing. LMT states that there’s a visible revenue growth within 7-8 Y.
- F-16 restart: Initial production rates will increase in large scale.
- Missile and fire control grow faster: LMT states that within 4-year planning production will increase.
- Won $2.5bn development award: By winning this award, LMT plan to increase their hypersonic program.
- Capital allocation update: Dividends payments are now in greater focus, as LMT committed free-cash-flow to 50% shareholders.
Trade
Cannabis Companies to be listed in NASDAQ
29 April 2019 | 20:47 ET
- Organigram Holdings Inc (TSXV: OGI), stated in a press release that they were going to be list on NASDAQ. The company reported net revenue of $26.9M.
They will be joining other cannabis companies:
- Tilray (NASDAQ: TLRY)
- Cronos Group (NASDAQ: CRON)
Invest
Facebook Inc. (FB): Top Stories – BUY Rated
25 April 2019 | 1:25 EDT
The social network is expecting a gigantic ($3B-$5B) from the Federal Trade Commission for violating users’ privacy by hooking up Cambridge Analytica with data. Facebook’s profits fell 51% because it’s prepping the legal splurge account with $3B right now.
- FB reported 1Q2019 revenue above expectations.
- $14.91bn total ad revenues (against $14.78 predicted by the Street).
FB 12Month Price Target $228.0 Price: $182.58 Upside: 24.9%
Actual results from our portfolio:
BUY FB 24/4/19 @19:43, Open 182.98, 30/4/19 Current: 194.70, P/L% 32.03
Earn
Apple Vs. Huawei: iPhone decrease sells Y/Y; Huawei share increase
- iPhones units are stabilizing in sales trends in China, yet it’s still worse on a yearly look up.
- Huawei shares continue to rise; Units dramatically increase in supply.
Sell
How can Facebook’s $3B fine, influence your portfolio?
The social network is expecting a gigantic ($3B-$5B) from the Federal Trade Commission for violating users’ privacy by hooking up Cambridge Analytica with data. Facebook’s profits fell 51% because it’s prepping the legal splurge account with $3B right now.
Sell FB at $120 SL $119
Buy
How can Facebook’s $3B fine, influence your portfolio?
The social network is expecting a gigantic ($3B-$5B) from the Federal Trade Commission for violating users’ privacy by hooking up Cambridge Analytica with data. Facebook’s profits fell 51% because it’s prepping the legal splurge account with $3B right now.
Sell FB at $120 SL $119