Crypto News 

Analyst Says Bitcoin Is About to Seriously Impress Us

“Bitcoin bubble tops are clearly identified with a dark red cluster of adjusted binary bitcoin days destroyed” writes Nick Marinoff for livebitcoinnews.com. What’s making them believe that bitcoin is not done surging, and what evidence do they have that serves their hypotheses?. As of late, bitcoin – the granddaddy of all crypto – is once again experiencing small bursts of bearish behavior.In addition, men like Tom Lee of Fundstrat fame are still predicting massive moves for bitcoin by the end of the year. Source: livebitcoinnews.com

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Crypto Markets News 

Ethereum Is in a Bear Market, But One Analyst Explains Why He’s Long

“But it’s also possible that Bitcoin’s market dominance will continue to grow as the 2020 halving event approaches” writes Binance Team for cointelegraph.com. Long-term investors are hopeful as they patiently waited 15-months for a trend reversal and Ether’s current 2019 all-time high of $364 was exciting but not exciting enough.Only time will tell if Burniske is correct about Ether being in a bear market.According to Burniske, the oft-cited narrative that the implosion of the ICO market led to Ether losing its use case is not entirely accurate. Source: cointelegraph.com

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News 

Zara owner Inditex disappoints with weakest profits for five years

“In local currencies profits rose by 12pc, highlighting the impact of the euro” writes Tim Wallace for telegraph.co.uk. The Spanish retail giant missed analyst forecasts after a strong euro dragged its profits lower when translating sales from outside Europe.Inditex, the world’s largest fashion retailer, posted a 2pc rise in annual profits to €3.4bn but they fell short of analyst forecasts following a tough fourth quarter. The company, which has 7,490 shops around the world and includes brands Massimo Dutti, Uterque and Pull&Bear, grew like-for-like sales by 3pc in the… Source: telegraph.co.uk

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News 

CNN moves Sarah Isgur to political analysis after fierce backlash

“Former Justice Department spokeswoman Sarah Isgur will be brought on by CNN as a political analyst after originally being hired as part of the company’s editorial team” reports washingtonexaminer.com. Isgur announced Friday on Twitter that her role had been switched from politics editor to political analyst.Isgur, a Republican operative who served as the deputy campaign manager of Carly Fiorina’s 2016 presidential campaign, was hired by CNN as a politics editor in the lead-up to the 2020 presidential election cycle.”We can confirm that when Sarah came to us and proposed her…

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News 

Ex-Army intelligence analyst Manning jailed for defying grand jury subpoena

“(Reuters) – Former U.S. Army intelligence analyst Chelsea Manning was taken to jail on Friday after a federal judge in Alexandria, Virginia, held her in contempt for refusing to testify before a federal grand jury, representatives for Manning and the U.S. Justice Department confirmed” writes Midwest Communications Inc for 95kqds.com. Manning’s communications team released a statement saying the judge said she will be detained until she either cooperates or the grand jury finishes its term.A document that prosecutors say was filed in federal court last year by mistake appeared to…

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News 

Cannabis producer Tilray falls short of its rivals in a few key areas, analyst says

“The cannabis producer Tilray is falling short of major rivals in several key areas, according to a bearish initiation report by Jefferies analyst Owen Bennett” writes Finanzen Net Gmbh for businessinsider.com. It was trading at 19 times 2020 sales, according to Bloomberg data, a premium to rivals Aurora and Canopy.He gave the stock an “underperform” rating and $61 price target — more than 10% below where shares were trading Friday. Source: businessinsider.com

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News Stocks 

Eventbrite stock plunges 30%, on track for worst day as a public company after ‘execution hurdles’

“Eventbrite Inc. shares were on track for their worst day on record Friday morning, after the ticketing company delivered a far weaker-than-expected forecast in conjunction with its second-ever quarterly report” writes Emily Bary for marketwatch.com. Goldman Sachs analyst Heath Terry also cited the lack of visibility around the migration in lowering his price target to $22 from $30.He argued that the stock looks fairly valued trading at more than six times 2019 estimates for enterprise value to sales.He rates the stock at hold and lowered his price target to $28…

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News Stocks 

GE’s stock tumbles again after downbeat cash flow outlook and analyst call

“GE, -3.44% tumbled 6.8% in premarket trade Wednesday, to extend the previous session’s 4.7% selloff following a downbeat cash flow outlook for the year” writes Reporter Editor for marketwatch.com. He reiterated his neutral rating and stock price target of $6, which is 39% below Tuesday’s closing price, but Tusa said is starting to look “generous.”. The stock has plunged 29.7% over the past 12 months, while the Dow Jones Industrial Average DJIA, -0.04% has gained 3.7%.CFRA analyst Jim Corridore said while he’s not surprised by the negative cash flow outlook…

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News Stocks 

Micron’s stock sinks again to pace chip losers as DRAM, NAND pricing concerns continue

“MU, -5.45% sank 5.1% in morning trade Wednesday, to pace the chip sector’s decliners, as they extended the previous session’s selloff which follow a downbeat analyst outlook for memory chip pricing” writes Reporter Editor for marketwatch.com. On Tuesday, Micron’s stock fell 2.6%, after Susquehanna analyst Mehdi Hosseini said his research indicated that DRAM and NAND pricing in the first half of 2019 were “tracking below prior expectations.”. Micron’s stock has run up 19% year to date and the SOX has rallied 16%, while the S&P 500 SPX, -0.15% has advanced…

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News Stocks 

Salesforce earnings show investors have software ‘fatigue,’ says analyst

“At least 15 analysts upped their price targets on Salesforce shares after the report, according to FactSet” writes Emily Bary for marketwatch.com. The reaction to Salesforce.com Inc.’s latest earnings report could be a sign of what’s to come when other software companies deliver their results for the most recent quarters.There are 44 analysts in total who track the company, per FactSet’s count. Source: marketwatch.com

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