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BITCOIN

Bitcoin

$0.00

(0.00%)

, GBTC

Bitcoin Investment Trust

$0.00

(0.00%)

12:41
06/14/18
06/14
12:41
06/14/18
12:41

SEC official says current ether trades are not securities transactions

William Hinman, the SEC's Director, Division of Corporation Finance, said today in a speech, "This event provides a great opportunity to address a topic that is the subject of considerable debate in the press and in the crypto-community - whether a digital asset offered as a security can, over time, become something other than a security. To start, we should frame the question differently and focus not on the digital asset itself, but on the circumstances surrounding the digital asset and the manner in which it is sold. To that end, a better line of inquiry is: 'Can a digital asset that was originally offered in a securities offering ever be later sold in a manner that does not constitute an offering of a security?' In cases where the digital asset represents a set of rights that gives the holder a financial interest in an enterprise, the answer is likely 'no.' In these cases, calling the transaction an initial coin offering, or 'ICO,' or a sale of a 'token,' will not take it out of the purview of the U.S. securities laws. But what about cases where there is no longer any central enterprise being invested in or where the digital asset is sold only to be used to purchase a good or service available through the network on which it was created? I believe in these cases the answer is a qualified 'yes.'...And putting aside the fundraising that accompanied the creation of Ether, based on my understanding of the present state of Ether, the Ethereum network and its decentralized structure, current offers and sales of Ether are not securities transactions." Reference Link

BITCOIN

Bitcoin

$0.00

(0.00%)

GBTC

Bitcoin Investment Trust

$0.00

(0.00%)

BITCOIN Bitcoin
$0.00

(0.00%)

12/20/17
PIPR
12/20/17
NO CHANGE
Target $46
PIPR
Neutral
Piper ups Metropolitan Bank estimates on cryptocurrency exposure
Piper Jaffray analyst Matthew Breese raised his earnings estimates for Metropolitan Bank by 6% after the company detailed its exposure to a cryptocurrency exchange. Metropolitan's exposure to a cryptocurrency exchange averaged $245M in Q3, or 16% of total deposits, Breese tells investors in a research note. He estimate these items aggregate to 7% of net interest income and 9%-11% of earnings. Yesterday's disclosure is important on both the impact of earnings, the percentage of deposits tied to one customer, and that the bank has exposure to a "controversial industry," Breese tells investors in a research note. The analyst, despite raising his earnings estimates, keeps a Neutral rating on Metropolitan Bank shares with a $46 price target. He views the company's cryptocurrency exposure as a "double-edged sword for the stock." On the one hand, cryptocurrencies represent a "unique source of potential earnings growth" for Metropolitan, Breese writes. On the other, the volatility and potential regulatory concerns surrounding cryptocurrencies may cause some trepidation for traditional depository investors, the analyst adds.
01/08/18
PIPR
01/08/18
NO CHANGE
Target $115
PIPR
Overweight
Piper wonders if Microsoft is better than bitcoin
In a research note titled "Better Than Bitcoin?," Piper Jaffray analyst Alex Zukin updated his investment thesis on Microsoft and formally rolled out estimates for 2019. Azure revenues are still growing close to triple digits and channel checks suggest that the company's pipeline of Office 365 remain robust, Zukin tells investors in a research note. He believes his investment thesis on the shares is resonating and reiterates an Overweight rating on Microsoft with a $115 price target. The software giant closed Friday up $1.08 to $88.19. The analyst calls Azure the "single largest growth opportunity" at Microsoft.
04/09/18
MSCO
04/09/18
NO CHANGE
Target $88
MSCO
Overweight
PayPal acceptance lead continues to grow, says Morgan Stanley
Morgan Stanley analyst James Faucette said his quarterly tracker shows PayPal maintains its online acceptance lead versus other digital wallets, with acceptance at 79% of the top 500 U.S. Internet retailers, despite investors being "overly concerned" about potential risk to its lead. In the same note, Faucette pointed out that Bitcoin acceptance remained unchanged, with 4 of the top 500 internet retailers he tracks still accepting the cryptocurrency. The analyst, who expects PayPal will continue to benefit from its lead and increasingly serve as a payment-of-choice for non-Amazon merchants, keeps his Overweight rating and $88 price target on the shares.
04/18/18
NOMU
04/18/18
NO CHANGE
Target $65
NOMU
Buy
Nomura Instinet ups Square price target to $65 on bitcoin boost
Nomura Instinet analyst Dan Dolev raised his price target for Square (SQ) shares to $65 from $64 saying the impact from bitcoin could be meaningful. The stock closed yesterday up $2.10 to $49.13. Opening Square Cash for bitcoin trading earlier this year could drive a "sizable boost" to revenue and profits, driving up to 10% potential upside to adjusted EBITDA guidance, Dolev tells investors in a research note. He sees bitcoin as helping to offset Square's rising investment costs to broaden its international presence. In asking if bitcoin will reshape the future of payments as Square CEO Jack Dorsey often argues, or if it will just be a passing fad, Dolev points out that the company's correlation with the cryptocurrency has been on a downward trend. Square shares are now less correlated with bitcoin than PayPal (PYPL), the payment networks or Alphabet (GOOG, GOOGL), Dolev contends. He maintains a Buy rating on Square.
GBTC Bitcoin Investment Trust
$0.00

(0.00%)

11/03/17
STPT
11/03/17
NO CHANGE
STPT
Standpoint raises 2018 bitcoin target to $11,000 from $7,500
Standpoint analyst Ronnie Moas raised his 2018 price target for bitcoin to $11,000 from $7,500 while reiterating his belief that his 2027 target of $50,000 is conservative. Moas says the cryptocurrency market offers a "value play" unlike any he has seen in his 20 years in the business. "It remains undervalued by more than 75% even though bitcoin has jumped by 1200% already in the last year and it has doubled since Jamie Dimon referred to bitcoin as a scam just six weeks ago," the analyst writes in an email. Bitcoin Investment Trust (GBTC) closed yesterday up $3.00 to $930.00. To receive alerts on stories relating to bitcoin and other cryptocurrencies, Fly subscribers can enter the word "Bitcoin" into their portfolio.
11/20/17
STPT
11/20/17
NO CHANGE
STPT
Standpoint raises 2018 bitcoin price target to $14,000 from $11,000
Standpoint Research analyst Ronnie Moas raised his 2018 price target for bitcoin to $14,000 from $11,000. The price just crossed $8,180 and is now split-adjusted at $9,518 when you factor in the August fork spinoff bitcoin cash and the October fork spinoff bitcoin gold at $158, Moas writes in an email. The analyst sees the price of bitcoin hitting $60,000 five years. He says this is reached by 0.5% of the global total money invested currently in cash, stocks, bonds and gold going into the cryptocurrency.
02/09/18
BUCK
02/09/18
INITIATION
Target $8.35
BUCK
Underperform
Bitcoin Investment Trust initiated with an Underperform at Buckingham
Buckingham analyst Chris Brendler started Bitcoin Investment Trust with an Underperform rating and $8.35 price target, as he believes the significant premium to its net asset value is unsustainable as additional retail investment options in bitcoin become available.

TODAY'S FREE FLY STORIES

XHB

SPDR Homebuilders

$40.50

-0.36 (-0.88%)

12:50
06/18/18
06/18
12:50
06/18/18
12:50
Options
Put buyers in SPDR Homebuilders ETF ahead of data »

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LUNA

Luna Innovations

$3.01

-0.04 (-1.31%)

12:46
06/18/18
06/18
12:46
06/18/18
12:46
Hot Stocks
Breaking Hot Stocks news story on Luna Innovations »

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RRC

Range Resources

$16.65

0.69 (4.32%)

12:45
06/18/18
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12:45
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12:45
Options
Range Resources call volume above normal and directionally bullish »

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  • 19

    Aug

12:45
06/18/18
06/18
12:45
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12:45
General news
Breaking General news story  »

Atlanta Federal Reserve…

SQ

Square

$65.15

0.595 (0.92%)

, TWTR

Twitter

$45.77

-0.03 (-0.07%)

12:43
06/18/18
06/18
12:43
06/18/18
12:43
Hot Stocks
Square moves higher after being granted cryptocurrency license in New York »

Shares of Square (SQ)…

SQ

Square

$65.15

0.595 (0.92%)

TWTR

Twitter

$45.77

-0.03 (-0.07%)

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  • 27

    Jul

SJM

J.M. Smucker

$103.74

-1.95 (-1.85%)

12:35
06/18/18
06/18
12:35
06/18/18
12:35
Options
J.M. Smucker put volume heavy and directionally bearish »

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  • 15

    Aug

AAPL

Apple

$188.89

0.02 (0.01%)

12:34
06/18/18
06/18
12:34
06/18/18
12:34
Periodicals
Apple Pay to launch in Poland on Tuesday, Cashless reports »

Apple Pay (AAPL) will…

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  • 18

    Jun

GM

General Motors

$43.89

-0.02 (-0.05%)

12:29
06/18/18
06/18
12:29
06/18/18
12:29
Periodicals
GM to invest $175M to retool Michigan plant for Cadillac sedans, Reuters reports »

General Motors is…

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  • 20

    Jun

AWK

American Water

$81.42

0.36 (0.44%)

12:26
06/18/18
06/18
12:26
06/18/18
12:26
Hot Stocks
American Water investing over $14M to replace, install 48k feet of water main »

linois American…

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12:25
06/18/18
06/18
12:25
06/18/18
12:25
Conference/Events
Federal Reserve Bank of Atlanta president speaks at a meeting »

Atlanta Federal Reserve…

BDX

Becton Dickinson

$229.87

-2.3 (-0.99%)

12:25
06/18/18
06/18
12:25
06/18/18
12:25
Conference/Events
Becton Dickinson has a conference call hosted by William Blair »

William Blair hosts a…

03/08/13
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  • 18

    Jun

AWK

American Water

$81.37

0.31 (0.38%)

12:24
06/18/18
06/18
12:24
06/18/18
12:24
Hot Stocks
American Water to invest $2.3M to upgrade 7,100 feet of water main in Pekin »

Illinois American Water…

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RCII

Rent-A-Center

$14.70

2.675 (22.25%)

12:20
06/18/18
06/18
12:20
06/18/18
12:20
Options
Active trading in Rent A Center as shares rally »

Active trading in Rent A…

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RCII

Rent-A-Center

$14.71

2.685 (22.33%)

, WPC

W.P. Carey

$65.68

-1.37 (-2.04%)

12:18
06/18/18
06/18
12:18
06/18/18
12:18
General news
On The Fly: Top stock stories at midday »

Stocks opened sharply…

RCII

Rent-A-Center

$14.71

2.685 (22.33%)

WPC

W.P. Carey

$65.68

-1.37 (-2.04%)

JD

JD.com

$43.98

0.35 (0.80%)

GOOG

Alphabet

$1,164.30

12.35 (1.07%)

GOOGL

Alphabet Class A

$1,174.85

15.82 (1.36%)

ARWR

Arrowhead

$13.90

2.83 (25.56%)

CBPO

China Biologic

$99.99

18.09 (22.09%)

CBIO

Catalyst Biosciences

$10.81

-14.52 (-57.32%)

ZIOP

Ziopharm

$3.55

-0.76 (-17.63%)

03/08/13
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  • 18

    Jun

  • 18

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  • 18

    Jun

  • 20

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  • 28

    Oct

$NSD

NASDAQ Market Internals

$0.00

(0.00%)

12:17
06/18/18
06/18
12:17
06/18/18
12:17
Technical Analysis
NASDAQ market internals summary »

Volume is above average…

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$NYE

NYSE Market Internals

$0.00

(0.00%)

12:16
06/18/18
06/18
12:16
06/18/18
12:16
Technical Analysis
NYSE market internals summary »

Volume is below average…

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KHC

Kraft Heinz

$60.94

-0.67 (-1.09%)

12:15
06/18/18
06/18
12:15
06/18/18
12:15
Periodicals
Kraft Heinz mulls sale of children's drink brand in India, Bloomberg says »

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12:15
06/18/18
06/18
12:15
06/18/18
12:15
General news
Euro$ interest rate futures continue to claw back »

Euro$ interest rate…

ATVI

Activision Blizzard

$77.65

0.21 (0.27%)

, EA

Electronic Arts

$144.71

-1.92 (-1.31%)

12:13
06/18/18
06/18
12:13
06/18/18
12:13
Hot Stocks
WHO adds 'Gaming Disorder' to ICD »

The World Health…

ATVI

Activision Blizzard

$77.65

0.21 (0.27%)

EA

Electronic Arts

$144.71

-1.92 (-1.31%)

GME

GameStop

$14.27

0.355 (2.55%)

TTWO

Take-Two

$119.78

-1.74 (-1.43%)

MSFT

Microsoft

$100.58

0.34 (0.34%)

NTDOY

Nintendo

$0.00

(0.00%)

ZNGA

Zynga

$4.28

-0.045 (-1.04%)

SNE

Sony

$48.12

-0.99 (-2.02%)

UBSFY

Ubisoft

$0.00

(0.00%)

TCEHY

Tencent

$0.00

(0.00%)

03/08/13
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  • 18

    Jun

  • 19

    Jun

  • 19

    Jun

  • 28

    Jun

BBBY

Bed Bath & Beyond

$20.17

-0.01 (-0.05%)

12:10
06/18/18
06/18
12:10
06/18/18
12:10
Options
Earnings hedge in Bed, Bath and Beyond »

Earnings hedge in Bed,…

03/08/13
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MOMO

Momo

$52.74

-0.87 (-1.62%)

12:09
06/18/18
06/18
12:09
06/18/18
12:09
Technical Analysis
Technical Take: Momo falls, analyst action »

The stock was last down…

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  • 10

    Sep

SQ

Square

$65.28

0.725 (1.12%)

12:07
06/18/18
06/18
12:07
06/18/18
12:07
Hot Stocks
New York DFS grants virtual currency license to Square »

Financial Services…

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SOGO

Sogou

$15.08

1.18 (8.49%)

12:05
06/18/18
06/18
12:05
06/18/18
12:05
Options
Sogou Inc (Class A ADS) call volume above normal and directionally bullish »

Bullish option flow…

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TGTX

TG Therapeutics

$13.65

-0.1 (-0.73%)

12:04
06/18/18
06/18
12:04
06/18/18
12:04
Hot Stocks
TG Therapeutics reports updated results from ongoing ublituximab Phase 2 study »

TG Therapeutics announced…

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LXFT

Luxoft

$36.30

-0.175 (-0.48%)

12:03
06/18/18
06/18
12:03
06/18/18
12:03
Hot Stocks
Luxoft acquires Smashing Ideas, terms not disclosed »

Luxoft Holding announced…

03/08/13
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