Litecoin has had a great run this year as it was once up over 300%. However, like all Cryptocurrencies in July, Litecoin has also pulled back as well.
With the halving event one week away, will the event help Litecoin price leg up like it has in the past? The block mining reward halves every 840,000 blocks, and this one will see it decrease from 25 to 12.5 coins. It’s a simple supply and demand equation and should make owning Litecoin more valuable.
After hitting the daily supply at $137, Litecoin has pulled back almost 50%, but has since bounced off the daily demand at $75. The chart suggests it’s going to be tough for the halving event to serve as the catalysts for the next leg up because recently the buyers failed to take out the sellers.
In additional, even if the daily supply at is taken out, the buyers have another battle with the sellers at the daily supply at $124.
The chart suggests this time around the halving event served as a buy the rumor, sell the news type of play.
This post is my personal opinion. I’m not a financial advisor, this isn’t financial advise. Do your own research before making investment decisions.
Beyond Meat priced its initial public offering at $25 and now the stock is up more than 800% since the IPO. Beyond Meat, a maker of plant-based meat products is the new IT THING on Wall Street because they are trailblazing a new secular movement away from animal protein.
Beyond Meat had their second
quarterly earnings announcement yesterday.
Although they reported a second quarter loss of $9.4 million, sales
nearly quadrupled from a year ago. In
additional, Beyond Meat raised its revenue guidance for 2019 to $240 million on
Monday, up from more than $210 million previously.
“Growth in net revenues for the second quarter of 2019 was driven primarily by an increase in sales of the Beyond Burger, expansion in the number of retail and food service points of distribution, including new strategic customers, as well as greater demand from our existing customers,” Chief Financial Officer Mark Nelson said in a conference call Monday afternoon.
However, shares tanked in after hours trading after they announced that it would be selling an additional 3.25 million shares of common stock. Three million of these shares are held by current stockholders, and 250,000 shares will be newly issued and are set to trade on August 1. Although the additional shares dilute earnings/profits, the money will go towards expanding the business.
However, it didn’t matter as investor took profits and short sellers took the opportunity to short the stock because they say the stock price as being overvalued.
That valuation is higher than that of roughly 25% of the companies in the S&P 500 index, including decades-old industry stalwarts like Molson Coors, Viacom, Under Armour, and JetBlue. At its Friday morning levels, Beyond Meat’s market cap was twice the size of Macy’s.
But while investors might still be hungry for this stock, experts’ appetites are starting to wane.
“My understanding is it’s a good product, but … from a valuation standpoint, it’s beyond ridiculous,” Quint Tatro, chief investment officer at Joule Financial, said Thursday on CNBC’s “Trading Nation.” “The company is trading at 100 times sales, 300 times cash, so … it’s not a matter of whether it’s justified at this price. It’s can they actually keep growing to justify this valuation?”
For context, Microsoft — which, at over $1 trillion, is the most valuable company in the market — trades at eight times sales and eight times cash. Amazon, a $970 billion company, trades at about four times sales and 20 times cash, Tatro said.
All in all, his thesis on Beyond Meat is simple: “It’s a no-touch.”
Personally I think it was a great move to raise capital to expand aggressively because the competition is coming. If you believe Beyond Meat is a 10 year story vs. the latest fad, there are two daily demand zones to pay attention to for an opportunity to go long.
This post is my personal opinion. I’m not a financial advisor, this isn’t financial advise. Do your own research before making investment decisions.
Amazon Air includes 50 planes and several new regional hubs, including a $1.5 billion hub opening in northern Kentucky in 2021. Amazon’s play into logistics and shipping is so they can lower their shipping cost and control their destiny of getting that package to your house…the so called “last mile.” Amazon even had the nerve to in their 2018 annual financial filing to list “transportation and logistics services” as competitors for the first time. However, according to UPS Amazon is years away from this happening.
UPS Inc. (NYSE: UPS) reported on Wednesday, July 24 that next-day air volumes in its second quarter surged by 30 percent over the year-earlier period, a pace of year-on-year gains that no one can ever recall. The numbers were likely skewed by volumes from e-tailer Amazon.com, Inc. (NASDAQ: AMZN) which migrated to UPS after FedEx Corp. (NYSE: FDX) said in early June that it wouldn’t renew its U.S. air services contract with Amazon.
Still, coming on the heels of UPS reporting an 8 percent year-on-year increase in the first quarter, Wednesday’s results indicate that after 20 years in the desert, next-day air has found a trend – namely the push toward one-day delivery spearheaded by Amazon’s move to compress delivery commitments for users of its “Prime” service – it can sink its teeth into.
However, UPS was downgraded by Stifel’s today with a $118 target price. Stifel stated that investors may want to consider waiting for a better opportunity to buy the “large, improving cash flow machine” of a company. Was the downgrade, random or planned? The downgrade occurred right when price came into daily and monthly supply, so the downgrade wasn’t random….this is just how Wall Street works.
This post is my personal opinion. I’m not a financial advisor, this isn’t financial advise. Do your own research before making investment decisions.
Watching me from the trees. Unwilling to chance an approach.
Category
birdphotography
Camera ~ Lens
Nikon D3400 DSLR ~ 18-55 mm
Location
Australia
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The Semiconductors have been on fire as of late. Taiwan Semiconductor Manufacturing Company (TSM) is the world’s largest manufacturer of semiconductors beat analyst estimates for sales for this past quarter and signaled a rebound in the chip sector. Memory chipmaker Micron Technology (MU) reported better-than-expected earnings and say it expects demand to recover in the second half.
But are all Semiconductors on fire. Off the top of my head, I would say no and suggest stick to the name brand semis. However, a fellow mate wanted me to look at three semis: NVIDIA Corporation (NVDA) and Himax Technologies, Inc. (HIMX).
NVIDIA Corporation (NVDA)
Nvidia needs no introduction, but just to remind you, not only is Nvidia the leader in gaming, but also the leader in supplying chips needed for artificial intelligence and high performance computing the data center arena and driverless vehicle market. NVidia was once up over 300%. However, NVidia sold off with the Markets from its all-time high of $289.39 per share back in October. Nevertheless, the stock is up over 20% YTD.
The bullish investing thesis on Nvidia (NASDAQ:NVDA), the current leader in GPUs, is pretty clear. GPUs work better than CPUs for artificial intelligence applications and as a result, the chip maker — and NVDA stock — seem well positioned in a market with what is essentially huge growth potential.
If price is going to get to $200, it must get through this band of support / resistance.
Himax Technologies, Inc. (HIMX)
Himax fabless semiconductor company, provides display imaging processing technologies in China, Taiwan, the Philippines, Korea, Japan, Europe, the United States, and internationally. The company creates semiconductors for touch screen displays, microdisplays like smart glasses and VR goggles, images sensors for cameras, and more. However, its down over 60% the last several years and was down 61% in 2018. But as some of the new technologies continue to develop, Himax products may soon be more in demand.
First and foremost, its CMOS image sensor business is a promising one. As the world looks for better ways to secure and protect arenas, airports, train stations, and more, Himax may be working on the solution. In fact, the company is working on a machine-vision sensor product line with Emza at the moment. Essentially, machine vision gives an automated way to detect threats in these areas, and considering the market at the moment, demand for its WiseEye AIoT intelligent vision solution could see momentum. There’s also promise in the LCoS business, which is being used in Google’s AR device. While the device from Google may not generate significant revenue for a few years, the product is slated to be met with high demand and gives the company the ability to boost margins in the long run. Finally, the company’s 3D sensing arm could see strong demand as smartphone manufacturers look to include the latest and greatest technologies in their upcoming product launches.
Right now price is at a major monthly support/resistance line at $3.25. If this level doesn’t hold, the chart suggest price will head down to the monthly demand at $1.40 where is would be selling at a major discount. Even if the $3.25 level holds, the next test would be the $5.15 level. I personally would think it would be a buy above $5.15 and a bigger buy at $1.40.
This post is my personal opinion. I’m not a financial advisor, this isn’t financial advise. Do your own research before making investment decisions.
The pound is the major talking point as we begin the new week as the currency falls to fresh 28-month lows amid increasing chatter of a no-deal Brexit by Boris Johnson’s ‘dream team’ since the weekend.
Gove got things started by saying that the government is now operating under the assumption of a no-deal outcome and Raab kicked things into overdrive by pointing the finger to European leaders, thus turbo-charging the pound’s decline.
The British Pound has been bearish since mid-March and although price is near higher time frame demand zones, in recent days I shorted two pound pairs on pull backs. Because price is near higher time frame demand levels, my targets are what I consider pretty tight.
Monthly Chart (Curve Time Frame) – monthly supply is at 1.47000 and monthly demand is at 1.22000.
Daily Chart (Entry Time Frame) – although price is in higher time frame demand, the chart suggests price can move lower and to short price at the daily demand at 1.23900.
Mohawk Industries, not a household name, but Mohawk Industries is a leading global flooring manufacturer for remodeling and new constructions of residential and commercial markets. From carpet, rugs, ceramic tile, laminate, wood, stone and vinyl flooring, Mohawk supplies it. Its core brands include: American Olean, Daltile, Durkan, Karastan, Marazzi, Mohawk, Pergo, Unilin, Quick-Step and IVC.
Mohawk Industries Inc. reported their second-quarter earnings on Friday. They beat profit expectations, but missed on revenue. In addition, forecasted a dismal third quarter. The news was enough to send the stock down double digits making them the biggest decliner listed on the NYSE.
Mohawk CEO Jeffrey S. Lorberbaum said in a statement that “most markets we operate in remain soft, with pressure on volume and pricing, and we anticipate the environment to remain difficult.”
Lorberbaum said Mohawk is taking action to address the uncertain business environment, with plans to streamline operations, consolidate facilities, and take out higher-cost assets. “We are reducing overhead structures and controlling investments,” he said. “We are improving our administrative costs while investing in sales to support new products and enter new geographies.”
Three months ago, Google reported revenue of $36.3 billion, up 17% over the previous year. Google’s ad revenue consisted of 85% of that revenue or $30.7 billion which was up from $26.6 billion. The company said they remain focused and excited by significant growth opportunities across their other business. However, Wall Street didn’t want to hear that. They wanted to know why the ad revenue growth decelerated from 24% a year ago to 15%. I think what really pissed Wall Street off was Google didn’t have any real answer, so the they dropped the price big time.
This past week, Google reported their second quarter earnings. Revenue increased 19.3% year over year to $38.944 billion, accelerating from 16.7% growth in the first quarter, beating estimates by nearly $800 million. Net income for the quarter climbed to $9.947 billion, up nearly 21% year over year and ahead of expectations. Equally important, ad revenue rose 16.1% to $32.601 billion.
In the second quarter, annual paid click growth for Google properties continued slowing, dropping to 28% from a first-quarter level of 39%. But this was more than offset by the fact that CPC only fell 11% — a much smaller decline than 19% in the first quarter and also the smallest drop Google has seen in three years.
Porat mentioned on the call that “the benefits of applying machine learning” have boosted ad sales on Google properties, but didn’t offer additional details. In the past, Google has talked up its use of machine learning to help advertisers (including small businesses) optimize their ad campaigns based on goals such as maximizing ad clicks, sign-ups or revenue.
Price is back in monthly supply, but the chart suggests, potential all the unfilled sell orders have been used up and so Google has a shot of reaching all time new highs in the near future.
This post is my personal opinion. I’m not a financial advisor, this isn’t financial advise. Do your own research before making investment decisions.
Align Technology, Inc. designs, manufactures, and markets a system of clear aligner therapy, intraoral scanners, and computer-aided design and computer-aided manufacturing (CAD/CAM) digital services. Align Technology is famous for making the Invisalign.
Nine months ago, the stock crashed 25% due to lower average selling prices for the Invisalign clear aligners as a result of the company running promotional programs during the third quarter that included discounts for its clear aligners and product mix changes. The CEO said the promotional programs are temporary, so the current issue seems to be temporary. Nevertheless the stock fell from all-time highs.
This past week, Align Technology announced their second quarter earnings. Despite strong growth in Europe and Brazil, the stock fell big time again.
On top of reporting an earnings miss in the quarter, Align shipped 377,100 of its core Invisalign cases which fell 5,800 units short of expectations. Hogan told CNBC’s Jim Cramer Thursday much of the weakness can be attributed to China.
China is Invisalign’s second largest market and the company hoped to see 70% growth in the second quarter, the CEO told Cramer. But Thursday’s report showed just 20%-30% growth and the weakness is not due to any competitive or operational issues.
“It’s just basically a consumer backlash right now, we feel, from a standpoint of making decisions on going ahead with aligners or not,” Hogan said.
Instead of looking at financial markets or asset classes on an individual basis, intermarket analysis looks at several strongly correlated markets or asset classes, such as stocks, bonds and commodities. This type of analysis expands on simply looking at each individual market or asset in isolation by also looking at other markets or assets that have a strong relationship to the market or asset being considered.
The US economy is still the largest in the world and the US dollar is still the most powerful currency in the world. Over half of all foreign currency reserves in the world are in US dollars. Thus, the asset classes relative strength will be compared to the US Dollar.
Bitcoin
30 Yr Bond
Copper
Euro Dollar
Gold
Oil
Soybeans
S&P 500
Based on the moving averages and the last daily closing price, relative to the moving averages,
the asset classes’ relative strength, relative to the US Dollar are the following:
Two Weeks Ago
This post is my personal opinion. I’m not a financial advisor, this isn’t financial advise. Do your own research before making investment decisions.
