|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||9.80 - 10.10|
|52 Week Range||3.66 - 17.40|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||Oct 14, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||8.35|
New York, Jan. 16, 2020 -- Grayscale Investments®, the largest digital currency asset manager, today released its 2019 Grayscale Digital Asset Investment Report, a.
A new calendar year doesn't always mean a fresh start. But when it comes to three of 2019's more painful investments, well-built technical bottoms and out-the-gate momentum in January are favoring turnarounds that become full-fledged, bullish momentum stocks in 2020. Let me explain.I've said it before and it bears repeating, every dog has its day. In the markets this is akin to down and out stocks, which unexpectedly surprise investors with a jump in share price. But not every doggish stock is bound to be sent back into the proverbial dog house. Some will go on to become momentum stocks.As discussed earlier this month at InvestorPlace.com, rotations into underappreciated or even vilified stocks can turn into massive opportunities as overly bearish sentiment and price action turn aggressively around. Often these disruptive shifts in investment behavior occur early in the calendar year. If for no other reason this phenomenon can be tied to institutional investors who can move more freely into last year's dogs without having to defend a stock with fleas to stakeholders at year-end.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Cheap Stocks to Buy Under $10 Having said that, Beyond Meat (NASDAQ:BYND), Pinterest (NYSE:PINS) and Grayscale Bitcoin Trust (OTCMKTS:GBTC) are three investment vehicles that demonstrate potential as momentum stocks in 2020. Momentum Stocks to Buy: Beyond Meat (BYND) Source: Charts by TradingViewAfter getting scorched in 2019 faux-meat producer Beyond Meat has quickly become a sizzling investment with Wall Street. Shares are up roughly 50% in just over a handful of trading days in 2020's early going. The catalyst? The initial headline driver was privately held rival Impossible Foods was throwing in the towel on its bid to land a spot on the McDonald's (NYSE:MCD) menu. And that leaves the door wide open for BYND stock.Technically speaking and aside from the huge gain in share value, BYND stock has firmly broken price resistance formed during the construction of a key lateral congestion pattern.BYND Stock Strategy: Our recent recommended strategy nailed a huge win in this momentum stock. But while resistance has been overcome, BYND stock is also incredibly volatile and overbought near term. My advice, put shares on the radar for purchase in-between $95 - $105 as part of a married put or collar options-based position. Pinterest (PINS) Source: Charts by TradingViewPinterest is the next of our momentum stocks to buy. When all was said in done in 2019, the popular web-based visual discovery platform saw shares cut in half from their highs and modestly below their IPO stock price of $19. But now investors might be smart to recognize what a difference a day can make.In truth, shares were already on the move out-the-gate in 2020. But Tuesday's near-10% gain has shares looking like a bonafide momentum stock. The headline driver was a report PINS stock has overtaken Snap (NYSE:SNAP) in users and only trailing social media giant Facebook (NASDAQ:FB) and the company's Instagram app.Technically, PINS stock has confirmed December's bottoming hammer candlestick formed around the 1.27% extension level and begun a move into a large gap area. This could produce a vacuum-like sweeping of shares higher before an eventual pullback. * 7 Socially Responsible ETFs to Buy in 2020 PINS Stock Strategy: This momentum stock can be bought today in anticipation of the price gap being filled. On a challenge of the $25 area, I'd recommend buying a protective put on the cheap and leave the upside open-ended until after earnings in February. Grayscale Bitcoin Trust (GBTC) Source: Charts by TradingViewThe Grayscale Bitcoin Trust is the last of our momentum stocks to buy. GBTC stock is a listed trust tied to the cryptocurrency market's largest play. Investors pay a premium versus owning the actual contract. However, due to the transparency of listed OTC securities, as well as the product's strong liquidity, I believe this is a more suitable way for most investors to gain exposure.Any investor with even a passing interest in the markets has heard of bitcoin's dazzling run and equally impressive crash over the past couple years. But if there's one game-changing technology in the market right now, the cryptocurrency space would definitely deserve to be in that conversation. And right now there's reason to see another bullish cycle emerging and GBTC's status as a momentum stock back in action.Technically, shares of GBTC have formed and confirmed a bullish higher low pattern between the 62% and 76% Fibonacci levels on the monthly chart. With GBTC up roughly 22.50% in January, it's fair to say this is a momentum stock opportunity. Yet another glance at the big picture also strongly suggests bitcoin is just now turning the corner for bullish investors.GBTC Stock Strategy: Buy this momentum stock today. But don't go all in. I'd recommend adding if confirmation of the rally is backed by a bullish crossover from GBTC stock's monthly stochastics. Use the recent low for exiting if needed and stand ready to take partial profits at the 2019 high near $17.50.Disclosure: Investment accounts under Christopher Tyler's management currently own positions in Beyond Meat (BYND) and Bitcoin (GBTC) securities, but no other investments mentioned in this article. The information offered is based upon Christopher Tyler's observations and strictly intended for educational purposes only; the use of which is the responsibility of the individual. For additional market insights and related musings, follow Chris on Twitter @Options_CAT and StockTwits. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 9 Up-and-Coming Small-Cap Stocks to Watch * 7 Energy Stocks to Buy on the Resurgence of the Oil Boom * 3 Standout Oil Services Stocks to Buy The post 3 Momentum Stocks to Consider for 2020 appeared first on InvestorPlace.
Illiquidity in the U.S. repo market spooked investors in the second half of 2019, and the U.S. Federal Reserve is considering a major policy change that could help remedy the situation. The term “repo” is short for repurchase agreement. Repo loans are overnight loans taken out by small banks and hedge funds that are repaid the following day.
Grayscale Investments®, the world’s largest digital currency asset manager and sponsor of Grayscale® Bitcoin Trust (OTCQX: GBTC) (the "Trust"), today announced that the Trust will resume the private placement of its shares. The Trust’s private placement is offered on a periodic basis throughout the year and is now currently available to accredited investors for daily subscription.
The price of bitcoin has dropped 34% in the past three months from above $10,000 to below $7,000. After a hit start to 2019, bitcoin prices reached the $13,000 level in early summer before the rally stalled out.
The popular conception is that the cryptocurrency industry is overwhelmingly male. Grayscale Investments thinks the answer is simple lack of information.
New York, Dec. 10, 2019 -- Grayscale Investments®, the world's largest digital currency asset manager, today released “Investing in Bitcoin: Perspectives from Female.
Global OTCQX Consumer and Resource Company Investor Presentations Now Available for On-Demand Viewing
Live Investor Conference & Webinar: A Global Portfolio of OTCQX Consumer and Resources Leaders Present December 4th and 5th
The Grayscale Bitcoin Trust (OTC: GBTC) dropped another 1.4% on Monday and is now down 31.7% in the past three months. Bitcoin prices hit their lowest levels in six months on Monday, dipping below $7,000 before recovering to around $7,230 in early afternoon trading. Unfortunately for bitcoin bulls, the recent swoon has the cryptocurrency on the break of a bearish technical signal that has triggered steep sell-offs in the past.
Live Investor Conference & Webinar: Executives from Resource, Retail, and Cannabis Companies Present December 4th and 5th
Grayscale Investments®, the leading digital currency asset manager and Sponsor of Grayscale® Bitcoin Trust (OTCQX: GBTC), today announced that Michael Sonnenshein, Managing Director, will present on GBTC live at VirtualInvestorConferences.com on December 5, 2019 at 12:30 PM EST.
This is a voluntary filing that is subject to SEC review. If deemed effective, it would designate the Trust as an SEC reporting company and register its shares pursuant to Section 12(g) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”).** It would also designate the Trust as the first digital currency investment vehicle to attain the status of a reporting company by the SEC.
Bitcoin prices have bounced back in 2019 after the cryptocurrency bubble burst last year. Bank of Canada found that the number of Canadians that are aware of bitcoin has increased from 62% in 2016 to 89% in 2018. At the same time, the percentage of Canadians that own bitcoin has increased from 3% to 5%.
“Gold is about $8 trillion today, which is [50 times] the worth of Bitcoin,” Lee, who is best known for founding China’s first cryptocurrency exchange desk BTCC said. Flippening is an industry jargon used to refer to any future event where another cryptocurrency ends up dominating BTC in terms of market capitalization.
The world’s first cryptocurrency Bitcoin celebrated its 11th birthday on Oct. 31. This is the day when an anonymous actor(s) publicly introduced the digital currency in a whitepaper entitled “Bitcoin: A Peer-to-Peer Electronic Cash System,” under the name Satoshi Nakamoto. Through these 11 years, many prominent individuals and organizations, including Warren Buffett, Bill Gates, and Jamie Dimon, have predicted Bitcoin’s “impending doom,” calling it a “bubble,” an “exit scam,” or even “rat poison squared,” among other things.
Most major cap-weighted indexes are rebalanced quarterly, semi-annually, or annually. This rebalancing consists of adding and removing securities based on market cap fluctuations throughout the quarter. ...
Grayscale Investments®, the largest digital currency asset manager, today unveiled new creative as part of its ongoing #DropGold campaign. The campaign promotes Bitcoin and Grayscale’s flagship investment product, Grayscale® Bitcoin Trust (OTCQX: GBTC), as alternatives to investing in gold through compelling video ads and additional creative content.
OTC:GBTC Investors interested in the cryptocurrency market or invested in the publicly traded Grayscale Bitcoin Trust (OTC:GBTC), which provides investment exposure to Bitcoin, have few ways to obtain information and analysis. Generally, they need to access multiple websites in order to get all the data they need. This can be challenging when the crypto market fluctuates rapidly. There will soon
Bitcoin prices have bounced back in 2019 after abysmal performance in 2018 — but strong market returns for bitcoin investors may be masking a troubling underlying trend in bitcoin usage. The price of bitcoin is up 123% year to date, and the Grayscale Bitcoin Trust (Btc) (OTC: GBTC) is up 143.3%. The total dollar value of daily bitcoin transactions recently dipped below $1 billion for the first time in about five months, according to Blockchain.com.
Grayscale Investments®, the world’s largest digital currency asset manager, today announced that Shares of Grayscale® Digital Large Cap Fund (DLC) have received approval from FINRA for public quotation under symbol: GDLCF on OTC Markets. This marks the introduction of the first publicly-quoted security in the U.S. deriving value from a diverse selection of digital currencies. DLC is an open-ended fund managed by Grayscale.
It was a very quiet day in the stock market today, with the S&P 500 and Dow Jones Industrial Average finishing close to flat on Thursday.The SPDR S&P 500 ETF (NYSEARCA:SPY) fell 1 basis point, the SPDR Dow Jones Industrial Average (NYSEARCA:DIA) dropped 0.2% and the PowerShares QQQ ETF (NASDAQ:QQQ) rallied almost 0.2%.InvestorPlace - Stock Market News, Stock Advice & Trading TipsWe've had a lot of news to digest lately, even though the stock market continues to chop around close to its high. The SPY ETF actually made a new all-time high on Thursday, albeit briefly.However, we've now seen significant moves in bonds, gold, high-growth tech stocks and have seen the S&P 500 break out of its August trading range. Further, investors heard from the Federal Reserve on Wednesday that it will cut interest rates. To top it all off, U.S.-China trade war headline risks are still possible.It's been a complex couple of weeks. It also has some investors wondering what asset class will make the next big move. Will it be bitcoin? Breakout or Breakdown for Bitcoin?Bitcoin bounced hard off its $9,600 lows today, but the charts do not look all that great. The cryptocurrency is below most of its major moving averages, with the exception of the 200-day. Worse though, it's making a series of lower highs as resistance squeezes it against support down near $9,360.This pattern is known as a descending triangle, a bearish technical setup where investors are looking for resistance to break the asset price below support. In this case, a break below $9,360 support could send bitcoin down to its 200-day moving average, currently near $8,000. * 8 Dividend Stocks to Buy for a Recession If bitcoin can hurdles its 20-day, 50-day and 100-day moving averages, as well as downtrend resistance -- which would require a move north of $10,500 presently -- then we have a breakout on our hands.The best setup for investors may be to wait and see which one comes first, and then place their respective trades. That's opposed to guessing whether it will breakout or breakdown.Investors can also trade bitcoin via the Grayscale Bitcoin Trust (OTCMKTS:GBTC), shown below. Movers in the Stock Market TodayMicrosoft (NASDAQ:MSFT) stock hit new all-time highs after the company announced a $40 billion buyback plan and upped its dividend by 11% to 51 cents per share. While the payout remains stubbornly low -- yielding just under 1.5% -- keep in mind that MSFT stock is up nearly 150% over the past three years. In 2019 alone, it's up about 25%.It continues to lead mega-cap tech in market cap too, now trading with a $1.1 trillion valuation.Tesla's (NASDAQ:TSLA) Model 3 received the top safety rating from the Insurance Institute of Highway Safety. That's the first of Tesla's four vehicles to receive the designation, if we're including the original Roadster.Airbnb says the company will go public in 2020 after earlier announcing that it generated $2 billion in revenue in the second quarter. While there were rumblings of a 2019 IPO at one point, there's little surprise this one isn't coming this year. The lackluster response from the public for Uber (NYSE:UBER), Lyft (NASDAQ:LYFT), Slack (NYSE:WORK) and certainly We didn't help matters.Roku (NASDAQ:ROKU) tumbled more than 13% on Wednesday and was set for another nauseating run on Thursday. In pre-market trading, shares were down more than 5% at one point. However, after the company announced several new streaming products, shares ended the day higher, climbing 3% on Thursday. Let's see if the recent lows can stick. Otherwise, this may just be a dead-cat bounce before more lows are made. Splitting Up?According to reports, AT&T (NYSE:T) is reportedly weighing whether to divest its DirecTV unit. This could come via spinoff or potentially a combination with Dish Network (NASDAQ:DISH). AT&T acquired the asset in 2015 for nearly $50 billion.The asset generates solid cash flow for AT&T, but with its bloated balance sheet and the continual loss of subscribers due to cord-cutting, DirecTV is a business that investors bemoan. AT&T has since said it's not considering the move, but shares still rallied roughly 1% on the day.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long ROKU and T. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 8 Dividend Stocks to Buy for a Recession * 10 Companies Making Their CEOs Rich * The 7 Best S&P 500 Stocks of 2019 So Far The post Stock Market Today: Breakout or Breakdown for Bitcoin? appeared first on InvestorPlace.