Never Mind Bitcoin. China Loves AI Stocks

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Never Mind Bitcoin. China Loves AI Stocks

Bloomberg15 hours ago
Iflytek Co., a Chinese developer of speech-recognition software, has consistently failed to meet analysts’ profit estimates. And yet it’s one of the hottest stocks in China, gaining 117 percent this year as of Dec. 18, thanks to the latest investment craze sweeping the country’s $7.5 trillion equity market: artificial …
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SEC Halts Crypto Stock Over Manipulation Concerns After Massive …

BloombergDec. 19, 2017
Crypto disclosed last week that it was selling shares privately for $7, a steep discount to the $223 investors were paying for its stock in public markets at the time. Chief Executive Officer Michael Poutre said the $7 price had been communicated to potential buyers weeks ago — before the stock’s dramatic …
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Crypto Mania Rages as Pioneer Sells Out, Coinbase Stumbles

BloombergDec. 20, 2017
Litecoin’s creator said he’s sold his holdings in a year it’s rocketed 7,500 percent, wanting to avoid a conflict of interest. Hours earlier a Korean crypto exchange went bust after getting hacked; U.S. regulators halted a coin trader’s stock on suspicion of manipulation; a stock unheard of two days ago surged …
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Cannabis Stock Analysis #2: Canopy Growth Corporation

Seeking Alpha12 hours ago
… one of the largest publicly traded cannabis companies on the planet. Today’s North Channel Investment article will analyse Canopy Growth Corporation. This article will illustrate that despite the fact that the cannabis industry is highly overvalued in the stock market, there is money to be made for investors.
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Why the Stock Market Is Rising

Foreign AffairsDec. 15, 2017
“The reason our stock market is so successful is because of me,” U.S. President Donald Trump bragged to reporters last month. There is no arguing that markets have been buoyant since his election thirteen months ago: the S&P 500 index is up 28 percent. But is the president right to credit himself? A wider …
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Carson Block Bets That a Nasdaq-Listed Chinese Internet Stock Is a …

Bloomberg20 hours ago
Prominent short seller Carson Block said he’s now targeting China Internet Nationwide Financial Services Inc., a Nasdaq-listed stock that went public in July. The chief … The stock briefly declined on Block’s comments, then pared losses to trade 0.6 percent lower at $38.08 as of 12:12 p.m. in New York.
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A Small Fintech Stock Surged 2600% in a Week After Announcing …

BloombergDec. 18, 2017
That’s how much the value of LongFin Corp. surged to after the microcap’s stockrocketed by as much as 2,600 percent since debuting Wednesday. Most of the gains came since Friday, when the company issued a press release saying it bought, “a blockchain-empowered global micro-lending …
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Bitcoin, Bubbles and Tech: Google’s Top Finance Searches of 2017

Bloomberg15 hours ago
Searches for “stocks” or “equities” — coupled with words or terms such as “expensive,” “cheap” and “should I buy?” — rose this year compared with those for other assets such as bonds and commodities. And no wonder: global equities have been breaking records. Users also ran more searches for stock …
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US Stocks Edge Lower as Congress Passes Tax Overhaul

Wall Street Journal15 hours ago
U.S. stocks inched lower for the second consecutive day after Congress passed the largest overhaul of the U.S. tax system in three decades. Wednesday’s pause came as investors debated how much of the bill has already been priced into markets and what impact the changes will have on the economy.
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Top 3 Tech Stocks With Dividends For 2018

Seeking Alpha10 hours ago
While Seeking Alpha is polluted by so many articles about FAANG, I decided to add another twist to my industry review. Instead of telling you for the millionth time that Facebook (NASDAQ:FB) or Amazon (NASDAQ:AMZN) is a good pick, I’ve looked for companies that will increase their dividend in a strong …

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