Latest Stock Buy or Sell? Make More Informed Decisions!
Today, Jamie Murray and Stockchase Insights commented about whether QSR-T, TCL.A-T, WELL-T, ENB-T, DLTR-Q, ZLNDY-OTC, BBD.B-T, CGO-T, BSX-N, LSPD-T, ATZ-T, BAM.A-T, VLO-N, AMT-N, PYPL-Q, MFC-T, CTS-T, FOOD-T, AVGO-Q, BCE-T, MDI-T, DC.A-T, CJT-T, GEI-T, TYL-N, AON-N are stocks to buy or sell.
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Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. The entire sector has been weak. Investors have some reservations about dilution from the aggressive acquisition strategy. Still comfortable with the stock in the longer term. Unlock Premium - Try 5i Free
Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. Their most recent quarter was a miss. The higher input cost has affected their costs. They should be able to increase prices to see growth. The price is cheap so expectations are not high. Unlock Premium - Try 5i Free
Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. EPS beat expectations but sales were 2% less than estimates. Burger King and Tim Hortons continue to chug along with their strategy. A work in progress and investors do not like the sales miss. Unlock Premium - Try 5i Free
Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. Bond yields continue to fail to meet investors’ expectations so there is no alternative to stocks right now. There is an opportunity cost for holding bonds. There are signals that higher future returns are expected in the equity market. Unlock Premium - Try 5i Free
A DECISION WITH SERIOUS CONSEQUENCES?
On May 22, China concluded its series of anti-cryptocurrency announcements with a total ban on Bitcoin mining on its territory (for the sixth time in eight years).
As expected, the announcement was a bombshell and the price of a Bitcoin dropped by 15%. At first glance, this news was greeted by Bitcoin's detractors as a death sentence, but more importantly, it allowed for a decentralization of the Bitcoin mining network, which was once dangerously centralized in China (as of April 2020, it accounted for about 65% of the Bitcoin hashrate, compared to 7.2% for the US and 0.82% for Canada).
The hashrate is a component of the consensus proof of work. Basically, it is the number of attempts made per second to solve the cryptographic problem necessary to validate a new block. The faster you are, the more transactions you can validate, and thus mine Bitcoin.
5 months later, the United States is now in 1st place, with 35.6% of the hashrate, Canada has also become a mining superpower and now has 9.55% of the hashrate, in 4th place. This situation is suddenly starting to worry China. A statement was indeed published by the National Development and Reform Commission (NDRC), questioning Chinese entrepreneurs on the relevance of continuing the ban on crypto mining.
Bitcoin has recovered very well from this situation and its price is trading around $63,000.
