7 Big Tech Stocks to Buy For Blockchain And Crypto Exposure

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Following the creation of the first cryptocurrency Bitcoin (BTC) in 2009, other cryptocurrencies such as Ethereum (ETH) and Ripple (XRP), followed suit to bring further attention to blockchain technology.

But there’s a lot of potential for the blockchain. According to recent research led by Vida J. Morkunas of Lulea University of Technology, Sweden and published by the Kelly School of Business, Indiana University:

“Emerging technologies regularly serve as enabling forces for economic, social, and business transformation.. [B]lockchain placed among the top five technology trends in 2018… Therefore, blockchain is predicted to challenge existing business models and offer opportunities for new value creation.”

As you probably know, the blockchain is a public digital ledger and a record-keeping technology. All transactions that have written in blocks are immutable, and information can never be erased. Furthermore, they are transparent to all parties in question.

And while blockchain-based decentralized cryptocurrencies, such as Bitcoin, draw much attention, analysts concur there are significant opportunities for many industries in this disruptive technology. At present, the global blockchain market is valued at $3 billion, but is expected to reach $40 billion by 2025.

Here are 7 big tech stocks to buy for blockchain and crypto exposure:

  • Alibaba (NYSE:BABA)
  • Intel (NASDAQ:INTC)
  • Intercontinental Exchange (NYSE:ICE)
  • Overstock.com (NASDAQ:OSTK)
  • Reality Shares Nasdaq NexGen Economy ETF (NASDAQ:BLCN)
  • Silvergate Capital (NYSE:SI)
  • Square (NYSE:SQ)

Regular InvestorPlace.com readers are likely familiar with a wide range of the companies responsible for the blockchain technology these cryptocurrencies are based on. There’s a big runway for potential growth here.

Big Tech Stocks to Buy for Blockchain and Crypto: Alibaba (BABA)

Alibaba Group (BABA) headquarters sign located in Hangzhou China

Source: Kevin Chen Photography / Shutterstock.com

52-week range: $163.42 $302.61

As the leading e-commerce platform and enterprise cloud services provider in China, Alibaba

Stocks Drop on Stimulus Deadlock as Banks Tumble: Markets Wrap

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(Bloomberg) — Stocks fell on speculation that recent gains have outpaced prospects for a quick end to the stalemate over fresh stimulus. Treasuries and the dollar climbed.



A pedestrian wearing a protective face mask is reflected in an electronic stock board outside a securities firm in Tokyo, Japan, on Thursday, Sept. 17, 2020. Japanese stocks were set for their fourth straight weekly gain, the longest winning streak since November, as investors moved back in following this week’s central bank rate decisions at home and in the U.S.


© Bloomberg
A pedestrian wearing a protective face mask is reflected in an electronic stock board outside a securities firm in Tokyo, Japan, on Thursday, Sept. 17, 2020. Japanese stocks were set for their fourth straight weekly gain, the longest winning streak since November, as investors moved back in following this week’s central bank rate decisions at home and in the U.S.

Banks led losses in the S&P 500, with JPMorgan Chase & Co. and Citigroup Inc. sinking as investors worried that third-quarter earnings signaled just a pause in pain from soured loans. Eli Lilly & Co. tumbled after putting its government-sponsored antibody test on hold due to potential safety concerns, hours after Johnson & Johnson paused its Covid-19 vaccine trial. Tech shares outperformed as Amazon.com Inc.’s Prime Day sale kicked off. Apple Inc. unveiled its iPhone 12 line with 5G speeds, but the shares dropped, giving up part of Monday’s surge.

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Read: Profit Guidance Suggests S&P 500 Firms Overstated Lockdown Woes

Prospects for U.S. fiscal stimulus before Election Day dimmed on Tuesday, with House Speaker Nancy Pelosi demanding the Trump administration revamp its latest offer and Senate Republican leader Mitch McConnell pushing a smaller-scale strategy that she quickly rejected. His proposal to vote next week on just one provision appeared to stoke opposition even from President Donald Trump, who tweeted “Go big or go home!!”

“It’s been a rollercoaster ride in terms of communication from both sides,” said Mark Heppenstall, chief investment officer at Penn Mutual Asset Management. “There are still going to be significant pockets of stress in the economy,” and a fiscal package could help bridge the gap

Nothing can keep tech stocks down as Apple and Amazon shine

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A big week for Apple and Amazon is buoying tech stocks, pushing the Nasdaq Composite back to the lofty levels it reached in late August. That may raise eyebrows, but good luck finding true skeptics.



a group of people standing in front of a crowd: SHANGHAI, CHINA - OCTOBER 11, 2020 - People come and go inside and outside the apple store on Nanjing Road In the evening, Shanghai, China, October 11, 2020 - PHOTOGRAPH BY Costfoto / Barcroft Studios / Future Publishing (Photo credit should read Costfoto/Barcroft Media via Getty Images)


© Costfoto/Barcroft Media/Getty Images
SHANGHAI, CHINA – OCTOBER 11, 2020 – People come and go inside and outside the apple store on Nanjing Road In the evening, Shanghai, China, October 11, 2020 – PHOTOGRAPH BY Costfoto / Barcroft Studios / Future Publishing (Photo credit should read Costfoto/Barcroft Media via Getty Images)

What’s happening: Apple is due to unveil its latest iPhones on Tuesday at a highly-anticipated event, while Amazon has launched its flagship Prime Day sale, marking an early start to the holiday shopping season.

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Expectations for the Apple event drove the company’s shares up more than 6% on Monday, and they’re up another 2% in premarket trading. Amazon’s stock jumped almost 5% Monday.

Apple’s agenda: Investors expect the company to announce the launch of a long-rumored upgrade that would allow the iPhone to connect to 5G wireless networks.

Some analysts expect the 5G iPhone to generate a “supercycle” of device upgrades, potentially prompting more people than usual to buy the new device.

“Consumers looking to buy a 5G iPhone will have no choice but to pay up and buy it directly through Apple over the next two to three years,” said CFRA Research analyst Angelo Zino.

There are risks, however, given that the phone may top $1,100. While the company will sell millions of devices — the smartphone is, after all, increasingly indispensable — it’s a big ask at a bad time for financially strapped consumers, my CNN Business colleague Rachel Metz notes.

Watch this space: Apple has only traded higher on four out of 15 iPhone announcement days, according to Bespoke

China Tech Stocks Seen as Better Bet Than Under-Fire U.S. Peers

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(Bloomberg) — Chinese internet stocks will keep outperforming their U.S. counterparts in the months ahead as regulatory challenges to America’s technology giants mount in Washington and Brussels, according to some investors.

Their reasoning includes expectations that weakening the U.S. megacaps will help bolster the relative attractiveness of Chinese technology companies, which are continuing to invest in areas of growth. Meantime, the growing uncertainty over prospects for the U.S. sector could send buyers to their cheaper Chinese peers which are still being championed by the government in Beijing.

“The structural trend for China tech remains intact,” said Edward Lim, chief investment officer at Covenant Capital Pte. in Singapore. The sector trades on lower valuations and with higher growth prospects than the U.S. and it faces lesser regulatory risk from its own authorities, he added.



chart: Chinese tech shares have outperformed the Nasdaq this year


© Bloomberg
Chinese tech shares have outperformed the Nasdaq this year

The MSCI China Information Technology Index has risen 45% this year, versus a 32% gain in the Nasdaq Composite. It trades on 27 times 12-month forward earnings, compared to 32 times for its U.S. counterpart. The gauge edged higher on Tuesday, extending its winning streak into a seventh consecutive day even though the Hong Kong market – where many of its stocks are listed – was closed by a typhoon.

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Different Strokes

The prospect of the Republicans losing the Senate in next month’s U.S. election has focused attention on a report from the antitrust panel of the Democrat-controlled House Judiciary Committee last week, which recommended curbing the powers of U.S. technology giants including Amazon.com Inc. and Alphabet Inc.’s Google. European Union regulators are also reportedly eyeing the sector for tougher regulation.

The adversarial stance in the U.S. and Europe contrasts markedly with the approach of Chinese authorities, who meet this month to draft their

Financials, tech stocks drive Australian market higher

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(Reuters) – Australian shares settled higher on Tuesday for the seventh straight session, as financials jumped on some economic optimism and dividend hopes, and technology stocks tracked Wall Street higher.

FILE PHOTO: Pedestrians are reflected in a window displaying stock prices at the Australian Securities Exchange (ASX) in Sydney, Australia, February 13, 2018. REUTERS/David Gray

The S&P/ASX 200 index .AXJO rose 1% to 6,195.70, adding about 7% during the seven sessions of gains through Tuesday.

Financials .AXFJ closed 1.7% higher, after having hit their highest level since Aug. 12 earlier in the session, with the “Big Four” banks adding between 1.7% and 3.3%.

“There are some signs that there is a bit of optimism for the economy moving forward, and that’s helping banks have a pretty good run,” said James Tao, a market analyst at CommSec.

Last week, the Australian government pledged billions in tax cuts and measures to boost jobs, which was quite accommodative for the economy.

Additionally, eased lending standards for banks have also brightened growth prospects for the economy, which slid into recession for the first time in nearly 30 years due to the COVID-19 pandemic.

“Banks are still tempting for punters who believe dividends will come back,” said Brad Smoling, managing director at Smoling Stockbroking.

Technology stocks .AXIJ tracked a rally in their U.S. peers, particularly in Apple Inc AAPL.O and Amazon.com AMZN.O, and rose 1.6% to a record.

The communication services sector .AXTJ closed 2.4% higher, boosted by Telstra Corp’s TLS.AX more than 4% gain after the telecom company retained its annual dividend.

Limiting gains, the mining sector .AXMM slipped 0.3%, mostly dragged by coal companies following reports that China has stopped taking Australian coal shipments.

West African Resources Ltd WAF.AX was the top loser with a drop of 10.74%, while Ioneer Ltd INR.AX