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An Ethereum Price Prediction of $1,000 Tops Near-Term Forecasts

An Ethereum price prediction of $1,000 within two years is well within reach. That would represent a gain of more than 600% from this week’s price of $390.

The surprising gains of 2017 are just a preview of what’s to come. The Ethereum price began the year at just $8 and is now at about $390 – a 4,700% increase in eight months.

ethereum price predictionIt wasn’t that long ago that Ethereum price predictions of $500, or even $400, seemed bold.

As recently as late July, Ronnie Moas of StandPoint Research had an Ethereum target price of $400. At the time, Ethereum was trading at about $200, so he was forecasting a 100% gain in six months.

A little over a month later, the price of Ethereum is just a few dollars away from hitting that target.

And yet some cryptocurrency experts say Ethereum is still a bargain…

Why the Current Ethereum Price Is “Cheap”

Take Luis Cuende, a 21-year-old tech wunderkind who hails from Spain. Cuende is the co-founder and project lead of a cryptocurrency called Aragon, which had its ICO (initial coin offering) in May. Like many cryptocurrencies, Aragon is based on Ethereum.

BREAKING: New Legislation Could Turn Tiny Pot Stocks into Millions. Click Here…

Cuende’s close association with the Ethereum platform changed his view of its potential value.

“I thought it was expensive one year ago when it was at $13, but today when I see the possibilities created by the technology I think it’s cheap,” Cuende said in a July 2 interview with Spain-based Itnig. “I believe Ethereum will be worth $1,000 in a couple of years.”

Cuende sees Ethereum benefiting from the overall growth and adoption of cryptocurrencies, which is at a very early stage right now.

ethereum price“Compared to the world’s economy, crypto is a tiny drop in a lake, and this lake is a tiny drop in the ocean. The total market capitalization of crypto is $100 billion [it’s over $170 billion now], which is nothing in a macroeconomic perspective,” Cuende said. “Secondly, crypto hasn’t achieved its promises just yet. When it achieves 10% of what it promised to do, I can’t even imagine how crazy that will be.”< /p>

Ethereum has plenty of real-world catalysts driving it already:

It’s become the foundation of the booming ICO phenomenon, through which cryptocurrency-based startups have raised millions of dollars in a matter of minutes. Most new tokens are either based on Ethereum and/or require users to buy the cryptocurrency with Ethereum. It’s Turing complete, which means the Ethereum network can function as a giant, global computer. That’s what makes Ethereum an ideal platform for applications like smart contracts. And it’s enabled the creation of a new kind of app, “Dapps,” or distributed applications that run on the network. Businesses are adopting it. The 150-plus companies in the Enterprise Ethereum Alliance include some of the world’s biggest and most prestigious corporations, such as JPMorgan Chase & Co. (NYSE:JPM), Microsoft Corp. (Nasdaq: MSFT), Mastercard Inc. (NYSE: MA), and Deloitte.

Related: What’s the Best Cryptocurrency to Invest in Today?

With such powerful catalysts as tailwinds, the question isn’t whether the Ethereum price will go higher, but by how much.

Here are several Ethereum price predictions for both the short term and the long term…

Every Ethereum Price Prediction Agrees: Big Gains Lie Ahead

Since cryptocurrencies aren’t stocks or attached to a national economy like fiat currencies, we have to get more creative when trying to forecast their future value.

One way is crowdsourcing – asking a group of knowledgeable people to make their best estimate based on what they know and expect to happen.

That’s what Pascal Thellmann did in June. Thellmann, the marketing and content creator for SocialX, a blockchain network that integrates social media with cryptocurrency rewards, used Reddit to solicit Jan. 1, 2018, Ethereum price predictions from the Ethereum community.

cryptocurrenciesThellmann filtered out the obvious outliers and did some math. The median estimate was an Ethereum price of $620, a 59% gain from the current price. The average estimate was $711, an 82% gain from the current price.

Another idea is to use the average number of daily transactions to calculate a price. Ken Liu, a cryptocurrency trader and consultant, discovered that price increases are linked to transaction volume.

In a Quora post in May, Liu noted that the Bitcoin price has increased exponentially to the rate of transaction growth.

Using that formula, Liu estimated an increase in Ethereum’s average daily transactions of between 2 and 2.5 times the rate at the time (about 140,000) would result in an increase in the price of Ethereum by a factor of between 4 and 5.25. This would yield a price between $420 and $551.

That was on May 17. Since then, Ethereum transaction volume has indeed increased about 2.5 times. And the Ethereum price is nearing $400 – four times what it was when Liu wrote the post.

For Ethereum to reach $1,000, we’d need to see transaction volume reach about 600,000. And it might not take long to get there. Ethereum daily transaction volume is about 350,000 now – up more than 700% this year alone.

At the rate it’s increasing, it could happen before the end of this year, or early in 2018 at the latest.

Now, let’s look at a long-term Ethereum price forecast…

How Ethereum Could Reach $2,000 in 10 Years

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Hot Safest Stocks To Invest In Right Now

The stock market performed well on Tuesday, responding to steady improvement among many companies as earnings season kicked into high gear. Although political issues are likely to remain in the spotlight for some investors for the foreseeable future, many market participants are looking to economic and business issues in driving their investing decisions. Major market benchmarks finished the day with gains of 0.5% to 1%, but some stocks did much better. Among the best performers on the day were Allegheny Technologies (NYSE:ATI), II-VI (NASDAQ:IIVI), and Beazer Homes (NYSE:BZH). Below, we’ll look more closely at these stocks to tell you why they did so well.

Image source: Allegheny Technologies.

Allegheny gets a pipeline boost

Allegheny Technologies soared 31% in the wake of better-than-expected performance in its fourth-quarter and full-year 2016 financial results. The supplier of specialty metal products finished 2016 with a 16% decline in revenue from 2015 and a massive net loss, but its fourth-quarter bottom line was positive. What many investors watched even more closely was President Trump’s decision to sign an executive order paving the way for the Keystone XL and Dakota Access pipelines to go forward. In the order, there was a requirement that the pipeline builders must use U.S. steel, and that boosted steelmakers across the board. If a manufacturing boom does materialize, Allegheny Technologies is well-positioned to be in the middle of it.

Hot Safest Stocks To Invest In Right Now: The Advisory Board Company(ABCO)

Advisors’ Opinion:

  • [By WWW.THESTREET.COM]

    Advisory Board (ABCO) on Friday reached a settlement with activist investor Elliott Management’s Paul Singer that ends the threat of a director battlefor nowas the healthcare technology and consulting firm continues to explore strategic alternatives, such as a sale.

Hot Safest Stocks To Invest In Right Now: Microsoft Corporation(MSFT)

Advisors’ Opinion:

  • [By WWW.MONEYSHOW.COM]

    The worries here have always been competition and a lack of profits, but the company has made solid progress on both fronts, counting many blue chip players as partners, including Amazon (AMZN), Microsoft (MSFT) and IBM (IBM).

  • [By WWW.KIPLINGER.COM]

    Despite being the second-largest company in the world by market cap, Alphabet doesnt pay a dividend at all. Apple Inc. (AAPL) and Microsoft Corporation (MSFT), who are first and third on the list, respectively, have become very reliable dividend payers in recent years. In fact, Id go so far as to call both dividend-raising machines.

  • [By WWW.THESTREET.COM]

    Samsung also unveiled the Galaxy Book 10 and 12, a pair of Microsoft  (MSFT) Surface rivals that run Windows 10, have detachable keyboards and also support the S Pen. Samsung no doubt caught wind of the fact the Surface line has gradually become a hit for Microsoft, thanks in part to strong corporate demand. The Surface Pro 5, a tablet/notebook convertible believed to feature a 4K display and run on Intel Kaby Lake CPUs, is expected in March.

  • [By Evan Niu, CFA]

    DIGITIMES reports that two new iMacs are set to begin production next month ahead of a launch in the latter half of 2017. That could potentially include a “new server-grade iMac for the high-end sector” that could compete with Microsoft’s (NASDAQ:MSFT) new Surface Studio AIO launched late last year. DIGITIMES estimates that the AIO subset of the PC market sells about 12 million to 13 million units annually.

  • [By Shudeep Chandrasekhar]

    Of the top four tech companies in the world (by market cap), Apple sells the most, earns the most and has the highest operating margins of them all, yet still trades extremely close to Amazon.com (NSDQ:AMZN), the retail giant that operates with wafer thin margins, in terms of price to sales ratio. Even from a price to earnings multiple point of view, Apple commands a much lower valuation than Alphabet Inc(NSDQ:GOOG). What is really surprising is that the company is selling at half the P/S of Microsoft (NSDQ:MSFT), a company that is still on a recovery path. (See also:Apple Inc. Cuts iPhone Production, Time To Sell AAPL Stock?)

Hot Safest Stocks To Invest In Right Now: SPDR S&P Bank ETF (KBE)

Advisors’ Opinion:

  • [By Ben Levisohn]

    Heck, it might just be easier to buy the lot, especially if you think earnings will be awesome. There’s an ETF for that you know (the SPDR S&P Bank ETF (KBE))?

  • [By Ben Levisohn]

    Shares of Wells Fargo have dropped 2.2% to $52.08 at 2:17 p.m. today, while the SPDR S&P Bank ETF (KBE) has risen 0.1% to $40.05, and the Financial Select Sector SPDR ETF (XLF) has fallen 0.7% to $22.06.

  • [By Ben Levisohn]

    Shares of Citigroup have surged 1.2% to $56.48 at 11:09 a.m. today, while JPMorgan Chase has risen 1.2% to $85.67, Wells Fargo has advanced 0.5% to $56.22, and Bank of America has climbed 1.9% to $23.08. The SPDR S&P Bank ETF (KBE) is up 0.8% at $43.80.

Hot Safest Stocks To Invest In Right Now: Williams-Sonoma Inc.(WSM)

Advisors’ Opinion:

  • [By Steve Symington] Williams-Sonoma (NYSE:WSM)announced strong first-quarter 2017 results on Wednesday after the market closed. After initially climbing more than 8% on the news, shares of the home-furnishings retailer drifted lower, to fall a modest 1% as the company reaffirmed its full-year guidance. Let’s take a closer look at how Williams-Sonoma kicked off the year, as well as what investors can expect from the company going forward.

    IMAGE SOURCE: WILLIAMS-SONOMA/POTTERY BARN.

  • [By WWW.THESTREET.COM]

    Williams-Sonoma (WSM) reported a mixed third quarter. Comparable-brand sales at Pottery Barn fell, while sales at West Elm continued to outpace its other brands. Home Depot (HD) lifted its full-year earnings estimates after strong sales growth in its third quarter. Lowe’s (LOW) fell short of third-quarter earnings and revenue estimates, while same-store sales growth of 2.7% missed analysts’ 3% target.

  • [By Peter Graham]

    A long term performance chart shows mid cap Bed Bath & Beyond in a steady decline since early 2015 while and small capPier 1 Imports Inc (NYSE: PIR)has performed worst, mid capRestoration Hardware Holdings Inc (NYSE: RH) is back up andmid capWilliams-Sonoma, Inc (NYSE: WSM)has drifted lower:

  • [By Peter Graham]

    Mid cap home products retailerWilliams-Sonoma, Inc (NYSE: WSM) reported Q2 2017 earnings after the Wednesday market close with results exceeding Wall Street expectations. Net revenues grew 3.7% to $1.202 billion versus $1.159 billion with comparable brand revenue growth of 2.8% on top of 0.6% in Q2 2016:

  • [By Peter Graham]

    Mid cap home products retailerWilliams-Sonoma, Inc (NYSE: WSM) reportedQ1 2017 earnings after the market closed yesterday with shares up in the high single digits in aftermarket/premarket trading on better-than-expected quarterly results.Q1 net revenues increased to $1.112 billion from $1.098 billion as E-commerce net revenues increased 0.7% to $581 million as E-commerce net revenues generated 52.2% of total company net revenues in Q1 2017 and 52.5% of total company net revenues in Q1 2016. Comparable brand revenue increased 0.1% on top of 4.5% in Q1 2016:

Blending Biotech And Carnivorous Cravings: Slaughter-Free Meat Producer Gets Startup Money From Carg

Blending Biotech And Carnivorous Cravings: Slaughter-Free Meat Producer Gets Startup Money From Cargill, Bill Gates, Tesla Related MSFT Times When Tesla's Musk Voiced His AI Fears Explaining A 'Crowded Trade,' And The Top 10 Cramped Plays Right Now These Four Top Tech Stocks Are A Warning Sign As Nasdaq Struggles With 50-Day Line (Investor’s Business Daily) Related TSLA Times When Tesla's Musk Voiced His AI Fears Tesla Lower In Another Quiet Session

Imagine meat that comes not from a livestock farm or brutal poultry factory, but is genetically engineered to grow in a laboratory without actually killing animals.

It sounds far-fetched, but Cargill Inc (the biggest privately held company in the country) is joining Microsoft Corporation (NASDAQ: MSFT) founder Bill Gates as well as Tesla Inc (NASDAQ: TSLA) and entrepreneur Richard Branson in financing a startup called Memphis Meats, which aims to give carnivores what they crave without actually killing animals.

It Ain’t The Meat, It's The Motion

In a mostly overlooked announcement last week, the company released the backers of its first round of Series A financing to produce “clean meat” from beef, chicken and duck “directly from animal cells, without the need to raise and slaughter animals.”

“This announcement also marks a major moment in which meat industry leaders and mission-driven groups have come together behind one company,” it said in a press release.

It said that it’s first round of fundraising, $17 million, was engineered by Draper Fisher Jurvetson (DFJ), which famously pumped money into Tesla, SpaceX and Skype.

The company said it has raised $22 million total to back what it said has been the successful creation of laboratory-grown meats.

“We’re going to bring meat to the plate in a more sustainable, affordable and delicious way,” Uma Valeti, M.D., co-founder and CEO of Memphis Meats said in the news release. “We want the world to keep eating what it loves. However, the way conventional meat is produced today creates challenges for the environment, animal welfare and human health.”

Biotech Meets Dinner Table

“Clean meat is an enormous technological shift for humanity, and an opportunity to invest in something so important does not come along often,” Steve Jurvetson, DFJ partner, said in the news release.

“This is a moment where the investment potential and the potential to do good for the world are both off the charts. Investors have been watching this space for years, and Memphis Meats has emerged as the clear leader.”

The investment, first reported by the Wall Street Journal, is the first big play in the so-called clean meat movement, in which companies use cell-replicating tech to grow beef, poultry and fish from living animal tissue.

Blending Biotech And Carnivorous Cravings: Slaughter-Free Meat Producer Gets Startup Money From Carg

Blending Biotech And Carnivorous Cravings: Slaughter-Free Meat Producer Gets Startup Money From Cargill, Bill Gates, Tesla Related MSFT Times When Tesla's Musk Voiced His AI Fears Explaining A 'Crowded Trade,' And The Top 10 Cramped Plays Right Now These Four Top Tech Stocks Are A Warning Sign As Nasdaq Struggles With 50-Day Line (Investor’s Business Daily) Related TSLA Times When Tesla's Musk Voiced His AI Fears Tesla Lower In Another Quiet Session

Imagine meat that comes not from a livestock farm or brutal poultry factory, but is genetically engineered to grow in a laboratory without actually killing animals.

It sounds far-fetched, but Cargill Inc (the biggest privately held company in the country) is joining Microsoft Corporation (NASDAQ: MSFT) founder Bill Gates as well as Tesla Inc (NASDAQ: TSLA) and entrepreneur Richard Branson in financing a startup called Memphis Meats, which aims to give carnivores what they crave without actually killing animals.

It Ain’t The Meat, It's The Motion

In a mostly overlooked announcement last week, the company released the backers of its first round of Series A financing to produce “clean meat” from beef, chicken and duck “directly from animal cells, without the need to raise and slaughter animals.”

“This announcement also marks a major moment in which meat industry leaders and mission-driven groups have come together behind one company,” it said in a press release.

It said that it’s first round of fundraising, $17 million, was engineered by Draper Fisher Jurvetson (DFJ), which famously pumped money into Tesla, SpaceX and Skype.

The company said it has raised $22 million total to back what it said has been the successful creation of laboratory-grown meats.

“We’re going to bring meat to the plate in a more sustainable, affordable and delicious way,” Uma Valeti, M.D., co-founder and CEO of Memphis Meats said in the news release. “We want the world to keep eating what it loves. However, the way conventional meat is produced today creates challenges for the environment, animal welfare and human health.”

Biotech Meets Dinner Table

“Clean meat is an enormous technological shift for humanity, and an opportunity to invest in something so important does not come along often,” Steve Jurvetson, DFJ partner, said in the news release.

“This is a moment where the investment potential and the potential to do good for the world are both off the charts. Investors have been watching this space for years, and Memphis Meats has emerged as the clear leader.”

The investment, first reported by the Wall Street Journal, is the first big play in the so-called clean meat movement, in which companies use cell-replicating tech to grow beef, poultry and fish from living animal tissue.

top 50 stocks to invest in

Energy stocks continued their strong performance following Opec’s potential agreement to limit oil production–and no energy stock in the S&P 500 was stronger today than Southwestern Energy (SWN).

Getty Images

Southwestern jumped 4.8% to $13.84 today, easily topping the S&P 500′s 0.8% rise to 2,168.27, and the Energy Select Sector SPDR ETF’s (XLE) 1.4% gain to $70.61.

Southwestern Energy drills primarily for natural gas, not oil, but Opec’s agreement, if put into action, should lift all boats. Evercore ISI’s James West and team write that the Algiers framework “is a big step forward.” They explain why:

Following what OPEC leaders had previously referred to as “informal meetings” in Algeria this week, the cartel announced a coordinated output cap of 32.5-33.0 MMBPD to be implemented toward the end of the current calendar year. Needless to say, the surprise deal announcement is another stark reminder of the importance of OPEC cooperation for global crude markets, and while several logistics details still need to be discussed before executing a group output limit, we are encouraged by OPEC’s cooperation thus far. Getting Russia and several other non-OPEC producers involved in the production plan will also be important, but we remain constructive on supply fundamentals, and anticipate that flat OPEC output would cause demand to exceed production in every quarter of 2017. Algiers was a big step forward.

top 50 stocks to invest in: PIMCO 25+ Year Zero Coupon US Trs ETF (ZROZ)

Advisors’ Opinion:

  • [By Todd Shriber, ETF Professor]

    Investors with a taste more rate-sensitive bond ETF may want to consider the PIMCO 25 Yr Zro Cupn US Ty Inx Fd ETF (NYSE: ZROZ) and the Vanguard Extended Duration ETF (NYSE: EDV).

top 50 stocks to invest in: Mayne Pharma Group Limited (MAYNF)

Advisors’ Opinion:

  • [By SEEKINGALPHA.COM]

    We believe that two main risks currently exist. First, a few days ago, U.S. Department of Justice filed charges in generic drug price-fixing probe. The U.S. Department of Justice accused two former generic pharmaceutical executives of colluding with other generic manufacturers to fix prices – the first criminal charges stemming from a two-year investigation. Companies in the congressional probe have since publicly disclosed that they have received subpoenas, including Mylan NV (NASDAQ:MYL), Allergan (NYSE:AGN), which later sold its generics business to Teva (NASDAQ:TEVA), Lannett (NYSEMKT:LCI), Impax Laboratories (NASDAQ:IPXL), Endo International (NASDAQ:ENDP), Sun Pharmaceutical Industries (OTC:SMPQY), Taro Pharmaceutical Industries Ltd. (NYSE:TARO), and Mayne (OTCPK:MAYNF). This shows that generics are not immune from criticism and price discussions. However, in our opinion, they are safer because they might be the solution to the high-price problem.

top 50 stocks to invest in: Tupperware Brands Corporation(TUP)

Advisors’ Opinion:

  • [By George Budwell, Rich Smith, and Neha Chamaria]

    Keeping with this theme, our Foolish contributors think that Pfizer (NYSE:PFE),Sherwin-Williams (NYSE:SHW), andTupperware Brands (NYSE:TUP)are three large-cap dividend stocks that prove beyond a doubt that boring is beautiful when it comes to creating wealth.

  • [By Seth McNew]

    Shares ofTupperware Brands(NYSE:TUP), the classic food-storage brand that has evolved to becomemore than meets the eye, spiked as much as 12% today, after the company reported better-than-expected Q1 earnings and set positive guidance for 2017.

top 50 stocks to invest in: Microsoft Corporation(MSFT)

Advisors’ Opinion:

  • [By Keith Noonan]

    Lenovo is expected to release a headset this year that delivers higher resolution than the Rift or the Vive, a lighter weight, and augmented reality (AR) capabilities — all at a sub-$400 price. Lenovo’s device will be part of Microsoft’s (NASDAQ:MSFT) Windows Holographic virtual reality ecosystem, and make use of a dual-camera internal tracking system (as opposed to the external systems used by the Vive, Oculus Rift, and PS VR) that could be instrumental in the emergence of more affordable headsets. Windows Holographic headsets will reportedly start in the $300 price range and are being designed to be compatible with mid-range computers — moves that should make virtual reality more accessible and build Microsoft’s position in the space. Companies including Asus, Acer, HP, and Dell are also developing entries for the Windows Holographic virtual reality platform, though it’s not clear which, if any, will launch this year.

  • [By Money Morning Member Alert]

    According to The Wall Street Journal, the Apple cash pile should total more than $250 billion, with more than 90% (or $225 billion) stashed overseas. That would further cement Apple’s status as the richest company on the planet. For comparison, those cash reserves are more than double Microsoft Corp.’s (Nasdaq: MSFT) $113 billion cash pile, according to Moody’s.

  • [By Brian Wu]

    AMD supplies APUs (integrated CPU/GPUs) to Sony Corp (NYSE:SNE) and Microsoft (NSDQ:MSFT) for their respective gaming consoles. Both companies have released significant console upgrades in the current year, which is strongly bullish for AMD because console sales are typically strongest during the first few years of an upgrade cycle. Even better is the fact that both Microsoft and Sony are planning to shift to smaller but more frequent console upgrades instead of the usual seven-year cycle. This offers some measure of protection for AMD’s console chip business which might not see asevere downturn in the coming years.

  • [By Mark Fritz]

    Brad Smith, president and chief legal officer for the Microsoft Corporation (NASDAQ: MSFT) made waves in a blog post that laid much of the blame on users who didn’t update their computer systems and on intelligence agencies which practice the “stockpiling of vulnerabilities.”

  • [By Shah Gilani]

    9) Microsoft Corp. (NasdaqGS:MSFT) traded $429 billion in shares

    8) VanEck Vectors Gold Miners ETF (NYSEArca:GDX) traded $470 billion in shares