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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

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

 

Bitcoin has been exploding in 2021, and if the past is any sign, we should expect it to continue all the way to $200,000 this year.

While skeptics will say that Bitcoin is nothing more than a bubble. And to be fair to them, it is certainly hard to see something skyrocketing as Bitcoin has done as anything other than a bubble. But the one thing that makes the difference is: Supply is programmatic.

The protocol itself is programmed to issue coins, making price a function of demand, since there is no change in the supply. This is a huge change in monetary economics, and is a concept not even understood by even so-called “experts.”

Every 210,000 or so blocks, or around four years, the protocol has what is termed a “Halving,” where new coins put into circulation is lowered by 50 percent. This event creates a disruption in the supply.

$200k Bitcoin

What is new about this current Halving cycle is the ongoing debasement in the legacy monetary system. Central banks, like the Federal Reserve have put themselves into a corner. After decades of interest rate decreases to boost markets, rates are frozen at zero, leaving them without a key tool.

Their response?

Quantitative easing on a large scale to aid global credit and stock markets, which has also given rocket fuel to bitcoin. Recent announcements from the Fed have shown that they are committed to continue this policy.

Meanwhile, institutional investment into bitcoin has exploded. And this new demand will have to adapt to a tiny pinhole of possible supply, which will end in a skyrocketing of bitcoin value, as bitcoin transforms from an individual asset, into a global monetary asset with geopolitical influence.

A $200,000 bitcoin would be a $3.7 trillion dollar asset, just a fraction of the gold market.

While nothing is guaranteed, it is a good bet that governments will continue printing money and that the Bitcoin network will attract more people as more rational investors realize that a system of rules is better than to a system of rulers.

Thus, with these factors going on, $200,000 bitcoin is not just in the cards, it is highly likely.

Author: Steven Sinclaire

The investment wisdom that a cheap stock is cheap for a reason is normally a good one to listen to. But every rule has exceptions, and sometimes a “cheap” stock is still a great one to buy and hold. The three listed below are trading under $10 per share, and could give you some healthy profits.

AMMO

Price: $5.80

AMMO (NASDAQ:POWW) makes ammunition and it is going through one of its best years ever. Third-quarter sales increased 500%, and during the first nine months of last year they almost quadrupled. The company predicts business to be even better in 2021 and into next year.

Gun sales have increased to sky-high levels recently, and Biden’s call for gun bans pushes conservatives to buy guns in droves. Millions of Americans purchased their first gun last year — around 40% of sales were to first-time gun owners — ammo sales could see even higher growth.

The gun and ammo industries are on fire right now, and AMMO should be a part of the profits windfall.

LiveXLive

Price: $6.07

Attending a concert during the pandemic has been almost impossible, which is why LiveXLive (NASDAQ:LIVX) arrived at just the right moment to allow people to attend events virtually. It hosts concerts via video and audio, and early in the outbreak had a 48-hour festival that got over 50 million views.

LiveXLive has announced it was increasing its content, and could be getting a better way to monetize its programming by using Facebook’s paid events feature. One analyst has increased his price target on the company to $7 per share, but with virtual events being the norm for the time being, the online event host might have more to give investors going forward.

OrganiGram

Price: $3.50

Partnerships between marijuana makers and consumer giants are not new, and even becoming normal these days. But the investment just made into OrganiGram (NASDAQ:OGI) by British American Tobacco (NYSE:BTI) might be very different.

 

The tobacco producer is, like most of the industry, moving away from cigarettes and toward healthier alternatives, like vapor and heated products. The company bought a 19.9% stake in OrganiGram, handing over $176 million for 58.3 million shares of the firm, and says it is mostly interested in the cannabidiol market.

 

The British company says Organigram “has a track record of innovation and creating high quality medical and recreational products, which are legally purchasable in Canada.”

Analysts are excited for the deal’s possibilities for OrganiGram: They believe its market share in Canada might double over the next three years, and that the acquisition gives the potential of entering new markets.

Especially if marijuana legalization happens in the States, it’s a partnership that will pay off for investors.

Author: Scott Dowdy

 

Silver is among the best trade in 2021. The lack of Silver around the globe is becoming more obvious. Silver at refineries is running out and getting your hands on real Silver is getting hard. In fact, Silver is now more rare than Gold is, which of course means there is risk of a Silver squeeze happening soon.

And don’t forget about Biden’s “Green Revolution.”

Since the stimulus package has gone through, Democrats are turning their attention to Biden’s goal of ramping up renewable energy and solar technology to fight “climate change.”

Silver is an important part of renewable energy and solar technology. Based on my research, photovoltaic demand for this precious metal might go past 3000 tonnes this year – and that is only the start.

As governments around the globe push for more forceful environmental rules to fight climate change – this might might drive Silver through the roof.

Long term, I see a ton of potential for the #2 precious metal, which makes it seem very attractive at the current prices.

Where is it going next? Watch fxempire.com’s latest video to find out:

Author: Scott Dowdy

Bitcoin lowered amid a wider set back in assets that had previously rode a surge of stimulus-triggered optimism among traders.

The world’s top cryptocurrency decreased by as much as 6.7% down to $50,440. The cryptocurrency, which is down for the fifth consecutive day, is in its longest losing stretch since December.

The speculation is that stimulus checks will be used on essential items, rather than invested into markets.

An overall Bitcoin downturn is being “made worse by the move to price across different asset classes” and away from industries such as technology, says Vijay Ayyar, an executive at crypto exchange Luno.

Bitcoin on Thursday briefly went under its average 50 day price, which was its key support this year, according to Miller Tabak. A “lower number under that level would frighten a lot of momentum investors,” said the company’s top market strategist.

The world’s top crypto is around $10,000 below a record high of $61,742 which was set previously in March, but is still 700% higher over the previous 12 months. The coin shot up momentarily on Wednesday after Tesla’s CEO, Elon Musk, announced the automaker will accept Bitcoinas payment for cars. Still, it is lower by around 12% since Friday.

“Near-term, what occurred yesterday, means the beginning of a new set of lower lows and lower highs, and that’s referred to as a downturn,” Julius de Kempenaer, of StockCharts.com, said. “It means we are now seeing a downturn in the daily numbers and it also means potential upside is limited.”

The token continues mainly as a tool for speculation and is not likely to replace alternative stores of wealth, according to a former JPMorgan Chase & Co. leader, Blythe Masters.

Others say that institutional investment into Bitcoin is increasing as part of attempts to diversify portfolios and protect against risks like rapid inflation.

“The data we see is greatly from institutions, and nothing has altered their opinion on the effect of stimulus on inflation and how cryptocurrencies are a guard against that,” said Matt Long, head of distribution at crypto platform OSL.

Author: Steven Sinclaire

Gold exploded to one-week highs as it tried to break the resistance number of $1,750 per ounce after Fed Chair Jerome Powell celebrated economic progress and seemed to hint at a possible rollback of asset purchases.

“As we take more progress toward our goals, we will slowly roll back the total mortgage-backed securities and Treasurys we have purchased,” Powell said to NPR during a live interview. “We will very slowly and with great public awareness when the economy has fully recovered, we will pull back support that we gave during the emergency.”

The Federal Reserve currently completes $120 billion in bond purchases every month.

In reaction to the comments, gold climbed to a 7 day high, with June Comex futures getting to $1,747.10 per ounce. But the push to break through $1,750 per ounce failed as prices pulled back, and June futures went to $1,735.20, which is down by 0.02% daily.

Powell also stressed that the economy is recuperating faster-than-expected because of monetary and fiscal stimulus and progress on the vaccine. This will let the Fed taper at some time in the future, Powell stated on Thursday.

“It’s a combination of COVID developments, especially the vaccines, and economic support from Washington. That is really what is driving it,” he stated. “That will let us reopen the economy sooner than we expected.”

The Fed was fast to respond to the pandemic, slashing rates to almost zero and completing $120 billion in monthly bond purchases. Also, Congress gave over $4 trillion in stimulus over the past year.

Powell promised to maintain the central bank’s liberal stance until the economy gets to full employment and inflation averages near 2%.

During his NPR interview, Powell repeated his stance that any rate increase would only be done “when the economy essentially fully recovers.”

Author: Blake Ambrose

Fresh off passing his last relief bill, President Biden is bringing forward his next big priority, a $3 trillion program of money for domestic uses and infrastructure.

Biden met privately this week with Senate Democrats as lawmakers started laying the foundation with measures for developing hospitals and green energy systems. Like the $1.9 trillion former plan enacted this month, the new program would also have “family friendly” policies, this time around focusing on paid family leave and education.

According to a person familiar with the move, who wanted to stay anonymous, the program is still being discussed, with a combined $3 trillion in spending proposed for quality of life and the economy.

While the White House wants a bipartisan bill, Democrats have hinted at going it alone if they have to.

“We must get it done,” said Senator Richard Blumenthal, D-Conn., before the meeting with President Biden at the senators’ retreat.

The infrastructure plan would provide around $1 trillion for bridges, roads, rail lines, electrical charging stations and growing the nation’s cellular network, among other things. The goal, it is claimed, is to aid the change to green energy while helping America’s economic competitiveness.

A second part of the program is to include free community college, paid family leave and universal pre-kindergarten, which are all being said to be “investments into workers.”

No part of the program has been completed and final details are subject to change.

President Biden is thought to be rolling out his budget in the coming weeks as lawmakers continue forward on the infrastructure plan, which they are saying could be ready by summer.

Author: Scott Dowdy

A dividend yield compares a company’s dividend to its share price. A $50 stock that pays a dividend of $2 per year (usually in four installment payments) has a dividend yield of 4% — which is calculated by dividing $2 by $50 to get 0.04.

Dividend stocks are great for your long-term profits because they give two ways to earn money: From the share price increasing and from dividends — which also tend to be increased over time.

Here are three stocks that pay dividends you should consider, and each has increased its payouts at a rate higher than average.

1. Visa

Many Wall Street investors are happy over the future of “fintech” — companies focused on financial technology. Here is one such company, but it is much more established — enough to have routine dividend payments: Visa (NYSE:V). Visa partners with fintech companies and even invested in some.

Their dividend isn’t much right now, at only 0.6%, but its growth over the last five years has averaged 18% per year. With that rate, its $0.32 quarterly payments will be $0.73 in five years and $1.67 in a decade. There’s plenty of growth potential too, as Visa’s payout (the part of earnings given out in dividend form) was only 26%.

2. Bank of America

Bank of America (NYSE:BAC) is a respected large bank — having over 10% of all deposits in the country. Even top investor Warren Buffett likes the company enough to own almost 12% of it, making it his second largest holding.

Their dividend yielded almost 1.9%, and they have increased that payout by an average of 29% per year over the last five years. Their current yield is smaller than other big banks, but their ratio is lower than other big banks too, showing they have even more room for increases. An expanding dividend is very likely, because the firm is sitting on substantial left over capital. It’s so large they can’t spend the money by buying another bank, so a big chunk of those earnings are likely to be given as dividends.

3. Broadcom

Then there is Broadcom (NASDAQ:AVGO). This company is a huge chipmaker, with a recent market cap close to $200 billion. It has a good dividend yield, too, recently at 3%. But even better, their payout has been increasing at an average rate of 49% per year over the last five years. That’s more than seven-fold in a short time.

Broadcom’s last earnings report and outlook were good too, with double-digit growth and optimism about the future, as a recovering economy will probably greatly boost demand for Broadcom’s products. Meanwhile, the firm has a backlog of orders to complete.

Author: Steven Sinclaire

 

As President Trump plans his next move in the political and business world, could a SPAC be in the works?

Several insiders in the booming area of Special Purpose Acquisition Companies — known as SPACs — are saying that Trump will be the next celebrity to support such an entity.

The former president is best known for his extravagant country clubs and high-end apartments. But three Wall Street insiders involved in SPACs claim that rumors are swirling that Trump might be exploring a possible SPAC.

Eric Trump declined to comment on his father’s plans but said in a short statement, “I’m not working on an SPAC so I cannot comment.”

Meanwhile, Jason Miller, a Trump adviser recently said that Trump is “coming back to social media in possibly three months with his own website.”

It’s not clear if President Trump’s SPAC plans would be a part of his social media play. But it is conceivable he could raise money to take a social media company public.

SPACs are companies that have no real business activity but are listed on exchanges where people can buy shares. They then use that money to buy other companies.

The use of SPACs has skyrocketed recently. According to Zacks, SPACs have brought in $79.87 billion in gross proceeds from 237 listings in 2020 — going past the 59 traditional IPOs that brought in $13.6 billion last year.

SPAC executives predict Trump’s political woes could harm any future business he has, even a SPAC. Many large companies have said they would not work with the Trump Organization after his Jan. 6 protest turned into a violent event.

Author: Blake Ambrose

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