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Bitcoin Stuns Everyone With This Unexpected Move

By The Breadwinner

Bitcoin has just ended six monthly green candles (consecutively) for the first time since 2013. If history repeats, Bitcoin might enjoy more parabolic gains this coming year.

In April of 2013, Bitcoin ended at around $140 after having six green monthly candles. While the markets would pullback to under $100 over the next couple of months, Bitcoin would then increase 700% over the next six months and hit prices over $1,000 for the first time ever.

Bitcoin had a similar pattern in the time leading up to its parabolic run in 2017, posting five consecutive green candles going into September. While September gave range-bound consolidation, Bitcoin increased again to new all-time highs in October to go from $5,000 to nearly $20,000 by the end of that year.

Bloomberg strategist, Mike McGlone, says Bitcoin might be trading for over $400,000 by 2022, should the markets continue these trends which it previously followed between 2013 and 2017. McGlone recently predicted that Bitcoin is “on the path to becoming a digital reserve asset.”

Veteran market analyst, Peter Brandt, is also bullish on the cryptocurrency, saying that Bitcoin could gain another 250% to break higher than $200,000. “I believe we are in that midpoint where in 2017 Bitcoin stalled for a month or so before we witnessed the final move higher,” he said.

However, previous successes do not guarantee performance going forward and the history of green candles is a little shaky. Despite Bitcoin having five green candles in a row in Q4 2015, the early weeks of 2016 saw Bitcoin decrease by 20% before giving several months of consolidation.

Also, the five months of bullish gains that started 2019 was followed by a long downtrend, with Bitcoin falling over 60% from its 2019 highs during the “Black Thursday” crash of March 2020 and the crypto not regaining its highs until December 2020.

Author: Scott Dowdy

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Washington Talks 4th Stimulus Check — And Something Much Bigger

By The Breadwinner

As millions of Americans are still waiting for their third relief check, support is already building in Washington for the government to do another direct payment.

Over 75 lawmakers have are now urging more cash be given to U.S. households — and the members of the Senate and House don’t want to stop there. They are also seeking recurring payments.

Senators who back regular payments are asking President Biden to include them in his next spending program, a multi-trillion-dollar program to improve bridges, roads, water systems and other U.S. infrastructure.

Just a week after Biden became President, 56 House Democrats sent a letter asking the White House to enact recurring stimulus payments. No exact amount was offered, but some suggested $2,000 monthly payments.

Then, as now, support for additional stimulus checks is far from widespread in congress. Earlier this month, the Democrats, who hold a majority in Congress, struggled to force through President Biden’s $1.9 trillion rescue program, which included $1,400 checks.

The bill passed using a streamlined process that did not require support from the GOP — who all voted no.

And, to get support from their own party, Democratic leaders had to change the income limits for the checks, to more directly target the funds toward low-income households.

It’s not certain if Biden would agree to a fourth relief payment. Thee has been no comment from the administration on whether he would accept a stimulus checks being added to the infrastructure plan.

Author: Blake Ambrose

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Apple Joins Forces With Industry Giant

By The Breadwinner

Apple (AAPL) is creating a huge battery storage project at its solar-panel farm with Tesla’s (TSLA) utility-scale Megapack batteries.

The Verge reports that Apple will be utilizing 85 Megapacks that will hold the energy produced by the 130-megawatt solar farm, and will be able to store 240 megawatt-hours, an amount that might be able to power 7,000 houses for one day.

The project is a part of Apple’s aim of becoming totally carbon neutral for its products and supply chain by 2030.

The tech company said that over 110 of its suppliers have also signed on to using 100% renewable energy when creating Apple products, with about 8 gigawatts of green energy creation being planned. It is reportedly equal to removing 3.4 million cars from the road. It also means that within ten years, all of Apple’s products will have no climate impact whatsoever.

Tesla created the Megapack in 2019, announcing that it was easier to install and gave 60% more energy density than its Powerpack, giving a “significant” savings in time and costs when compared to other storage systems.

Yet Lisa Jackson, Apple’s VP for policy, environment, and social initiatives, told Reuters the tech giant also understands the challenges of the project due to the unreliability of wind and solar energy: “The challenge with green energy — wind and solar — is that it is intermittent. If we can get success, and we show it works, it takes away from the concerns about intermittency and helps the grid stabilize.”

Apple said it plans to publish the results of its project in the future.

Author: Scott Dowdy

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Tech Insider Leaks Incoming Collapse — Here’s When

By The Breadwinner

A growing number of tech industry insiders believe the semiconductor shortage, which is causing havoc on everything from computer production to the auto industry, will be here for a while.

Cisco CEO Chuck Robbins is among them: “I believe it will require some years to solve if only due to the increasing demand,” Robbins said to Yahoo Finance. “We’ll see a few quarters of true stress on the supply chain, and then I think it will become more predictable.”

Added Robbins, “We must battle our way through it.”

The huge demand for computing equipment during the pandemic has put major stress on the semiconductor industry. And that has led Ford and General Motors to bring back production of very profitable pickup trucks. Also, computer manufacturers have warned about possible shortages of laptop computers.

Intel CEO Pat Gelsinger shares Robbins’ worries on the shortage.

“It takes a couple of years,” Gelsinger said. “We can’t create fabs overnight, it takes years to get built.” Intel has invested $20 billion to create two new cpu-making plants in Arizona in a drive to address the huge demand.

And now, even the government is looking to address the problem.

President Biden promised in February that he would push for $37 billion in funding to help chip manufacturing within America.

Author: Blake Ambrose

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3 Cutting-Edge Stocks For April

By The Breadwinner

Faced with the pandemic and continuing uncertainty about trends, many companies are in need of stability. Which is something artificial intelligence can help with, making it a hot thing in the software industry right now.

AI applications are anticipated to increase and get lots of attention. If you want to get in on the profits, here are three stocks worth looking into during April:

1. Alphabet

Google-parent Alphabet fared well in 2020, which shares only being down by 5% from all-time record highs. The company has incredible long-term potential as its cloud computing and digital ads business keeps expanding. Given this, and the fact that the stock is selling for only 35 times trailing 12-month cash flow, the stock is hovering in value territory.

Google itself uses AI internally, from its search to its subsidiaries like AV subsidiary Waymo. But Google is also aiding customers in making use of AI. This is especially obvious in its fast-growing Google Cloud sector, where a range of cloud services enhanced with AI can be used to help businesses with a host of operations and infrastructure processes.

With it’s sales growing by double-digit percentages, it is very profitable, and it’s trading for a good price. Buy it now.

2. Invitae

Invitae has been almost halved from its all-time high. But share prices are still over double where they were at the start of 2020.

However, selling for around 16 times trailing 12-month sales, Invitae might be a great long-term bargain. The company’s range of genetic testing possibilities is aiding all kinds of preventative and predictive medicine. And their recent purchase of Archer DX gives them cancer treatment and testing abilities.

The potential is huge. So where does AI fit in? Analyzing genetic code is very complex, but AI software is helping the process.

Invitae is not profitable yet — cash flow was negative $321 million last year with revenue being $280 million due — but it is on the path to breaking even within the next few years. The company could be in for a huge jump in financial results this spring as it gets past the lockdown. I’m looking at an initial purchase of this next-gen healthcare company at these prices.

3. Medallia

Medallia records and gathers data on digital experiences and uses AI to aid businesses in deciding how to improve. And even though last year was so-so, revenue still increased 19% to $477 million. The company expects more growth over the next one year too. But shares have been hit recently, as the outlook for the first quarter of 2021 indicated a y/y growth of just 12% to 14%.

Investors don’t see the long-term possibilities here. The stock price is lower by 17% so far this year, but shares look like a bargain at only 8 times trailing 12-month revenue. The company also used some of its cash to buy analytics company Decibel for $160 million. They believe this will make their platform for improving digital interactions even better as companies update their operations for a new online age.

I expect this cloud stock to stay volatile, but the company is still growing and Medallia is certainly among my buy list.

Author: Steven Sinclaire

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Apple Investors Are Licking Their Lips After This Revelation

By The Breadwinner

UBS analyst David Vogt has upgraded Apple to a Buy, raising his target by a significant amount to $142 from $115. He stresses the company’s goals in the automotive space, saying that “auto will offset a ‘routine’ iPhone Cycle.”

Vogt says his fresh price target captures a “long-term and stable iPhone demand” with higher average selling price, adding that it reflects the “true” option value of Apple’s possible entry into the auto market.

“Our investigation of the auto industry and Apple’s investment into the industry (with LiDAR patents and self-driving licenses) suggests that Apple’s auto optionality is possibly worth at least $14 per share,” Vogt said in a message to clients. “Apple’s portfolio right now gives significant cash to the company that they will use to enter the battery EV market.”

Vogt predicts that Apple can capture a portion of the battery electric vehicle market due to customer satisfaction already being high for their other products.

“We believe Apple’s strategy and market domination in the smartphone and PC markets should allow them to introduce a BEV and get at least a 5% market share,” he wrote. “Over ten years, we predict the automotive market will likely be nearly 100% EV creating up a 90 million unit sector to new participants with large bases of loyal customers like Apple.”

While Apple is not the first innovative company in the sector, the analyst says the company’s resources should help the company to become a “fast follower”.

“Our founding case assumes Apple gets 8% of the global EV market within 10 years with margins nearing 15%,” wrote Vogt.

On Wednesday Apple was up by 2%. Ytd, shares are lower by 7% as some investors have moved away from tech and into value and cyclical stocks.

Author: Scott Dowdy

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German Company Jolts Wall Street With Earnings

By The Breadwinner

It’s been a chaotic 12 months for BioNTech (BNTX). The German biotech company created the first coronavirus vaccine to win Emergency Use Authorization in the States. Its partnership with Pfizer (PFE) allowed the vaccine to be produced and given in mass quantities.

BioNTech gave the first glance at its financial results of this program when it announced fourth-quarter earnings this week. The biotech stock increased over 3% as a result. Here are some highlights from their fourth-quarter documents.

The company had revenue of 354.4 million euros. This gave a large 1,134% y/y increase. It also destroyed analysts’ estimates of around 224.9 euros.

BioNTech also announced a net profit of 366.9 million euros for the fourth quarter. This is compared to last year when the company had a net loss of 58.2 million euros.

At the end of the fourth quarter, the company had cash and cash equivalents amounting to 1.21 billion euros. Compared to the end of 2019, when the firm had only 519.1 million euros on hand.

But BioNTech’s fourth quarter results are just the beginning compared to what is happening next.

The company says it might generate revenue of almost 9.8 billion euros from its vaccine supply deals using their current estimated dosage target.

However, the biotech company also says that if it creates more supply contracts with Pfizer, its full 2021 manufacturing target could greatly increase.

BioNTech’s focus is not just the vaccine though. Co-founder and CEO Ugur Sahin said, “We see a great opportunity to reinvest the profits from our coronavirus vaccine into accelerating the development of other therapeutics to help people around the world by harnessing the full possibilities of the immune system.”

Author: Blake Ambrose

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Breaking: CDC Just Let Investors In On Next Major Stock Explosion

By The Breadwinner

The CDC has rebuffed requests by cruise companies to restart cruises from U.S. ports, instead maintaining current prohibitions in place during the summer.

The CDC stated on Wednesday that restrictions put on the industry last year to stop the spread of the pandemic will stay in effect until Nov. 1. The comment comes just moments after a trade group representing the industry called on the CDC to withdraw restrictions and allow a step-by-step resumption of business starting in July.

Investors seem to have believed the CDC would grant the industry’s request, and that anticipation sent stocks of Norwegian Cruises (NCLH), Carnival (CCL) and Royal Caribbean (RCL) higher by more than 5% on Wednesday. But the stocks quickly reversed after the CDC’s response was made public.

It seems like the industry has a good argument to make. Other travel stocks have rallied as vaccine rollouts have increased, and President Biden has said he expects that by July 4 we will see conditions normalize in the country.

“The cruise industry has taken up a high threshold for resuming business with a multi-layered group of policies that is meant to be changed as conditions improve,” Kelly Craighead, president of the Cruise Lines International Association, explained in a comment published before the CDC’s decision. “Cruise lines should be treated like other tourism, entertainment and travel sectors.”

The CDC has said that passengers of cruise ships “are at greater risk of infectious diseases, including COVID-19, and outbreaks of the virus have been seen on cruise ships.”

Author: Scott Dowdy

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Visa Enters Crypto With a Monumental Game-Changer

By The Breadwinner

Visa has announced that they will allow the cryptocurrency “USD Coin” to be used to settle transactions. This is the latest move among a growing acceptance of digital currencies by industry giants.

The company expressed to Reuters that it had started the program with crypto platform Crypto.com and intends to expand the option later this year.

Bitcoin, the top crypto coin, increased to a one-week high after the news, going up by as much as 4.5% to $58,300.

Visa confirmed their news in a comment.

The USD Coin is known as a stablecoin whose value is linked directly to the dollar.

Visa’s move comes as companies including BlackRock Inc, BNY Mellon and Mastercard take action to use cryptocurrencies for payment and investment purposes.

Tesla CEO Elon Musk, a major supporter of cryptocurrencies, stated last week that people can now buy the company’s electric vehicles using bitcoin.

“We see heightening demand from consumers around the world to use and hold digital currencies and we are seeing demand from our corporate clients for products that give that access to their consumers,” Cuy Sheffield, leader of crypto at Visa, said.

Normally, if a person uses a Crypto.com Visa to pay for something, the digital currency must be converted into fiat currency before the transaction is complete.

But Visa’s new change will use the ethereum blockchain to remove the need to convert crypto into fiat for transactions to be completed.

Author: Scott Dowdy

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3 Growth Stocks That Have “Dipped”

By The Breadwinner

Let’s analyze three growing stocks that decreased by over 40%. Below is every stock and why you should include them in your list as possible buys.

Why you should watch Fastly (NYSE:FSLY)

1 – Fastly is lower by around 48% from the company’s record high, with a total value of $7.58B.

2 – The company has strong numbers and a good balance sheet with low debt and high cash, the past quarter showed a big revenue increase of 40%.

3 – The company’s P/S Ratio is 15.58, which is the lowest it has been since July of 2020.

Why you should watch Palantir Technologies (NYSE:PLTR)

1 – Palantir is lower by around 42% from its record, with a value of $41.15B.

2 – Palantir keeps acquiring new long-term customers. The latest, revealed on 3/11/21, was Faurecia, a top automotive company.

3 – Their earnings show strong revenue momentum for the firm. Their commercial sector, which makes up 44% of revenue, increased by 107% for the whole of last year, and their government division which makes for 56% of revenue, increased by 77% during that same time.

Why you should watch Snowflake (NYSE:SNOW)

1 – Snowflake is lower by around 40% from its record, with a total value of $66.53B.

2 – Their recent quarter gave revenue numbered at $190.5 million, which represented a 117% Y/Y increase.

3 – The company has performance obligations numbered at $1.3 billion, and this increased by 213% year over year.

Watch the video below for more:

Author: Steven Sinclaire

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1. Alphabet

2. Invitae

3. Medallia

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