Top Cryptos by Volume All Currencies (24hr)

Hedge Funds Are Cashing Out Of Martin Marietta Materials, Inc. (MLM)

The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. We at Insider Monkey have plowed through 821 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F […]

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  Hedge Funds Never Been Less Bullish On Studio City International Holdings (MSC)

  Insider Monkey
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  Hedge Funds Started Cashing Out Of Aon plc (AON)

  Insider Monkey

J.P. Morgan Says These Are the 3 Stocks to Buy

Stepping back, and taking a macro look at the markets, JPMorgan strategist Marko Kolanovic believes that the risks posed by COVID-19 to public health and economic prosperity were badly overstated back in March, leading to a series of frankly wrong decisions that we are still feeling now. But now, the economy is starting to improve, and the current bear market’s bull rally is looking more and more like a sustained trend rather than a one-off event.However, Kolanovic acknowledges several large-scale risks. He points out that California and New York are the largest economic units in the US, and that the coronavirus pandemic has had an important – and negative – impact on ‘global cooperation and trade.’ Kolanovic writes, “We will closely monitor how these risks evolve, but at this point see them as potential tail risks rather than an imminent threat, and thus maintain our positive outlook on markets.”That positive outlook on the markets includes pointing out promising stocks. JPMorgan analysts have been noting a number of bullish stock moves — companies that are well-positioned to make gains in coming months. We’ve looked at three of those stocks through the lens of the TipRanks database, to find out what makes them compelling buys.Bilibili, Inc. (BILI)Up first is a Chinese internet video sharing website focusing on anime and comics and including a large Japanese audience – while for business purposes, traded in New York. Bilibili is a truly international company that has found a niche and levered it for growth. Since it started trading three years ago, this stock has seen considerable growth, tripling its share value in that time. In the months since the February market collapse, BILI has heavily outperformed the markets.Bili’s financial stats back this up. While the company operates at a net loss, the strong positives recorded in Q1 2020 included: 69% year-over-year revenue growth, to $327 million; an increase in average monthly users to 172.4 million, up 70% year-over-year (yoy); and an increase in daily active users to 50.8 million, up 69% yoy. The most impressive stat, however, is the increase in monthly paying users – a key metric. This rose to 13.4 million, for a 134% yoy increase.With positives like those, it’s no wonder that BILI is getting lots of love from Wall Street’s analysts. JPM analyst Alex Yao upgraded this stock from Neutral to Buy after the earnings report. His price target, which he raised to $42, indicates confidence in a 37% upside for the coming year. (To watch Yao’s track record, click here)In his comments, Yao wrote, “…it was the steady or even improving engagement metrics (i.e. DAU/MAU ratio, average daily time spend, etc.), in spite of the strong user growth, which makes us believe strong user growth remains achievable in the next 1-2 years, as a virtuous cycle between content and user base has been formed and reinforced by COVID-19. We expect seasonal user growth momentum (i.e. 3Q/1Q) to drive further share price upside.”Based on all the above factors, Wall Street analysts are thoroughly impressed with BILI. It boasts 100% Street support, or 7 Buy ratings in the last three months, making the consensus a Strong Buy. The $36.25 average price target implies that shares could surge 18% in the next twelve months. (See Bilibili stock analysis on TipRanks)Wyndham Destinations (WYND)Next up is Wyndham Destinations, a major operator of hotel brands and vacation ownership timesharing programs. Wyndham’s destinations are located in North America and the Caribbean, along with the South Pacific. As state begin to loosen economic restrictions, Wyndham expects to see a gain in activity; it’s North American locations will not be dependent on air travel to attract customers.With so much of the country under lockdown orders in Q1, WYND shares felt the pain. The stock is still down 37% year-to-date, severely underperforming the broader markets. Q1 earnings were grim, well below expectations at a 98-cent net loss.And yet, with all that, WYND shares are looking up. The company has announced that it will be reopening its resorts in 2H20, and expects that the corona lockdowns will have generated pent-up demand. With most of its American properties within driving distance of potential customers, Wyndham expects it can sell its destinations as compatible with social distancing rules. And finally, the company reported this month that it is sitting on $1 billion is cash reserves, and as access to an additional $342 million through a credit facility. With that kind of money available, Wyndham has said that it can continue operating for another 23 months.As a further gesture for investors, WYND will continue paying its 50-cent quarterly dividend. The dividend has been increased steadily over the past 2 years, and now at $2 annualized it offers an excellent yield of nearly 6.3%. Considering that the average yield among hospitality and services companies is only 1.37%, WYND’s yield is impressive.Joseph Greff, one of JPM’s 5-star analysts, is optimistic. He says of WYND shares, “We see WYND’s risk-reward as favorable given the potential for relatively attractive near-term leisure demand that is not reliant on air travel and that is offered at an affordable price point. We think WYND’s current bookings position is underappreciated with its second half 2020…”Greff shifts his view on WYND from Neutral to Buy, and sets a price target of $35. This suggests that he sees 10% upside growth in the stock’s future. (To watch Greff’s track record, click here)Wyndham has a Strong Buy analyst consensus rating, based on a 7 to 1 Buy-Hold split. Shares are selling for $31.94, and the $39.86 average price target indicates room for an upside of 25% in the coming 12 months. (See WYND stock analysis on TipRanks)Martin Marietta Materials (MLM)A commercial economy outgrowth of the old defense giant by the same name, the modern Martin Marietta company lives in the heavy construction niche, providing cement and other aggregate building materials for commercial and municipal purposes. The company’s products are common in roads and sidewalks – there is a strong chance that you have walked on them.MLM was hit hard by the Q1 economic shutdowns. The cessation or slow down of construction work reduced demand for MLM products, and the company reported sharp sequential declines in earnings. There were some bright spots, however. EPS remained positive, at 41 cents per share. Revenue was slightly up year-over-year, to $958.2 million. And the company reported strong gains in cash on hand, from $21 million at the end of 2019 to $424 million as of the end of Q1 2020. And best of all for investors, MLM projects Q2 earnings of $2.78 per shares, getting close to pre-corona levels.Martin is our third upgrade from JPM. Analyst Adrian Huerta raised his stance from Neutral to Buy, and set a $210 price target that indicates 9% upside growth potential for the year. (To watch Huerta’s track record, click here)Supporting his move, Huerta writes, “We see attractive upside at least in the short-term as 2Q will likely not be as bad as previously expected... Also, as the trade war with China intensifies, we see increased interest on domestic driven sectors like this one.”With 7 Buy and 5 Hold ratings, the analyst consensus on Martin Marietta Materials is more evenly divided than the other stocks on this list. MLM shares are currently selling for $194.28, while the average price target of $222.92 suggests a one-year upside potential of 15%. (See Martin Marietta stock analysis on TipRanks)To find good ideas for stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.

Will Martin Marietta Materials (MLM) Emerge Stronger From the COVID-19 Crisis

First Eagle Investment Management recently released its Q1 2020 Investor Letter, a copy of which you can download below. The First Eagle Fund of America posted a return of -23.72% for the quarter (without sales charge), underperforming its benchmark, the S&P 500 Index which returned -19.60% in the same quarter. You should check out First […]

SatoshiPay raises $550K via convertible loan from Stellar Development Foundation

Blockchain payments startup SatoshiPay has raised $550,000 via a convertible loan from the Stellar Development Foundation (SDF).The post SatoshiPay raises $550K via convertible loan from Stellar Development Foundation appeared first on The Block.

Latest Bitcoin price and analysis (BTC to USD)

Bitcoin is lining up a third major attempt at breaking out above $10,000 ahead of the expiry of the CME's Bitcoin futures contract. The expiry of the contract will see 50% of open interest also expire, which is expected to cause volatile swings in the price of Bitcoin at the start of next week. During the first week of May the CME reported that open interest for its Bitcoin contract had hit an all-time high after it recovered from the gruelling sell-off in March. At the time of writing Bitcoin is trading at $9,400 after falling slightly from this morning's high at $9,623. Moving forwards if Bitcoin can continue to trade above $8,830 and $9,200 in the short term it

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  A new actively managed bitcoin hedge fund gets launched in Hong Kong

  The Block
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  Bitcoin Price Tests $9.4K as Demand for Put Options Drops

  Coindesk

Bitcoin’s intrinsic value is now in line with its market price, says JPMorgan strategist

Bitcoin’s intrinsic value, or the fundamental value, is now in line with its market value, according to JPMorgan strategist Nikolaos Panigirtzoglou.The post Bitcoin's intrinsic value is now in line with its market price, says JPMorgan strategist appeared first on The Block.

EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – 29/05/20

It’s a mixed start to the day for the majors. A move back through early highs would support another crypto breakout…

The Crypto Daily – Movers and Shakers -29/05/20

It’s a mixed start to the day for Bitcoin. A move back through to $9,600 levels would be needed to support another crypto rally…

Bitcoin miner maker Canaan to issue $12.4 million worth of shares in employee benefit plan

Nasdaq-listed bitcoin miner manufacturer Canaan is set to issue $12.4 million worth of shares in employee benefit plan.The post Bitcoin miner maker Canaan to issue $12.4 million worth of shares in employee benefit plan appeared first on The Block.

A new actively managed bitcoin hedge fund gets launched in Hong Kong

Hong Kong-based crypto asset manager MaiCapital has launched a new actively managed bitcoin hedge fund for professional investors.The post A new actively managed bitcoin hedge fund gets launched in Hong Kong appeared first on The Block.

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  Goldman Sachs: Cryptocurrencies ‘Are Not an Asset Class’

  Coindesk
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  Bitcoin Rally Falters as Stocks Drop Ahead of Trump’s China Speech

  Coindesk

Latest Ethereum price and analysis (ETH to USD)

Ethereum has continued to follow the seemingly uncertain path of Bitcoin this week as it consolidates above a key psychological level of support before the typically low volume weekend. In Ethereum's case it is hovering above the $200 level exactly one month after it broke out and surged towards the $219 level of resistance. The period of consolidation demonstrates a bullish bias at present, although a break down from $200 would almost certainly lead to an initial correction to $177 with $151 being the next level of support below that. With volume having dropped off significantly this month while price has remained fairly stable it indicates that a major move is coming within the next fortnight. From a macro perspective

Litecoin, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – 28/05/20

It’s a bearish start to the day, with a move through key levels needed by late morning to avoid testing support levels.

EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – 28/05/20

It’s a bearish start to the day for the majors. Failure to avoid key levels will bring support levels into play later in the day.

Goldman Sachs says bitcoin is not a viable investment for client portfolios

Goldman Sachs analysts are not buying the idea that bitcoin — or any cryptocurrency — should be seen as a worthwhile investment for the firm's clients. During a client-facing call on Wednesday, the investment bank presented a case that cryptocurrency is not a viable investment vehicle under the current economic environment.  "Cryptocurrencies including bitcoin are […]The post Goldman Sachs says bitcoin is not a viable investment for client portfolios appeared first on The Block.

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  Kingdom Trust acquires company from CoinShares founders, enables hybrid IRA with bitcoin bonus

  The Block
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  Bitcoin’s intrinsic value is now in line with its market price, says JPMorgan strategist

  The Block

US/China Conflict – Gold, Oil and Bitcoin in Focus

Stock markets are making strong gains once again on Wednesday as investors turn a blind eye to increasing friction between the US and China and focus on the exciting prospect of economies reopening after months of lockdown.

Latest Ripple price and analysis (XRP to USD)

The price of Ripple's XRP token continues to stagnate in a bearish posture in spite of its position as the fourth largest cryptocurrency in circulation. XRP, which now has a market cap of $8.66 billion, is now trading below the $0.20 level of support, which may now flip to a point of resistance. It is worth 16.02% less than it was at this point last month, which demonstrates a clear change in behaviour since the rejection from the daily 200 EMA at $0.235. In order to trigger a bullish reversal from a macro standpoint XRP needs to cycle its way back above the yearly high of $0.346 to form its first lower high since it spiked to an all-time high

Litecoin, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – 27/05/20

It’s a bearish start to the day. Failure to move back through the early highs will bring support levels into play after Tuesday’s pullback.

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  EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – 27/05/20

  FX Empire
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  The Crypto Daily – Movers and Shakers -25/05/20

  FX Empire

The Crypto Daily – Movers and Shakers -27/05/20

It’s a mixed start to the day for the majors. A Bitcoin move through to $8,860 should provide the broader pack support.

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  EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – 27/05/20

  FX Empire
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  Litecoin, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – 26/05/20

  FX Empire

EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – 27/05/20

It’s a relatively bullish start to the day. Avoiding early morning lows would bring resistance levels into play.

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  Litecoin, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – 26/05/20

  FX Empire
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  The Crypto Daily – Movers and Shakers -25/05/20

  FX Empire

Replay Available: Off the Chain Capital Hosts “Turbulent Times: Why Add Bitcoin to Your Portfolio Now”

IPO Edge, in partnership with Off the Chain Capital, LLC, a digital currency & blockchain asset investment manager and The Palm Beach Hedge Fund Association, a Florida trade association for financial professionals, hosted a Webinar and audience Q&A on Tuesday, May 26 at 4pm EST – Turbulent Times: Why Add Bitcoin to Your Portfolio Now. To watch […]

More Fundamental Investors Are Looking at Bitcoin – Join Today’s Webinar at 4pm EST to Understand Why

Sentieo Data Show Google and Twitter Interest in Bitcoin Doubling So Far This Year Bitcoin and other cryptocurrencies have played a divisive role in the last few years, but recently, the interest has drawn a far wider investor base. Indeed, Paul Tudor Jones surprised Wall Street earlier this month when he revealed a significant […]

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  Zcash’s First Halving May Solve Its Inflation Problem

  Coindesk
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  How to buy Bitcoin with PayPal

  Digital Trends

Litecoin, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – 26/05/20

It’s a mixed start to the day for the majors. Failure to move back through early morning highs would bring support levels into play

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  EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – 27/05/20

  FX Empire
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  The Crypto Daily – Movers and Shakers -25/05/20

  FX Empire

EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – 26/05/20

It’s been a mixed start to the day. Failure to move back through Monday’s highs could add further pressure later in the day.

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  Litecoin, Stellar’s Lumen, and Tron’s TRX – Daily Analysis – 26/05/20

  FX Empire
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  The Crypto Daily – Movers and Shakers -25/05/20

  FX Empire