Stocks and Securities
U.S. stocks were poised for a day of mild losses on Thursday, with the Dow industrials on track to pull back from a five-day rally driven partly by optimism over the U.S. economy.
In stock news, IBM may have won back some investors’ trust (but not ours) after posting renewed sales growth and saying its cloud business is performing well. Revenue gained 2%, adjusted for currency fluctuations, to $20 billion in the second quarter. Earnings were able to surpass sales growth thanks to a shift towards higher-margin products and business segments it has dubbed “strategic imperatives” under the leadership of CEO Ginni Rometty and which now comprise around half of Big Blue’s quarterly sales. Despite the positive quarterly release we would still avoid the shares. IBM’s revenue growth is still well below that of many peers.
Blockchain and Cryptocurrency
Bitcoin (BTC) and Ethereum (ETH) both cooled off after having had such a significant rally in the past few days. Bitcoin (BTC) and Ethereum (ETH) down up about 0.76%% and 4.5%, respectively. Market capitalization decreased from $294B USD to $287B USD which is a 2.3% decrease in just 24 hours. This 24 hour volume of $18.5B is down significantly from yesterdays’ $20B. BTC dominance of 43.8% is slightly higher compared to yesterday.
Read our recent post consisting of Technical Analysis for Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCC), Cardano (ADA), Stellar (XLM), Digibyte (DGB), NEO (NEO), EOS (EOS), and Nucleus.Vision (NCASH).
There has been a lot development in the past 24hours, containing both a positive and negative narrative. But, we wouldn’t expect anything less from the cryptocurrency market.
Stocks on the Radar
BOX down about 1.57% – We remind our readers that this is a long-term investment with a potential 100% upside. We use any weakness to accumulate shares of Box Inc.
Our Cryptocurrency to buy, Nucleus Vision (NCASH), was up about 3% from our entry point. This is a longterm investment in a coin with some real use.
Below is our today’s list of cryptocurrency and stocks to buy or to invest in:
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