iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
17,433 Blog Posts

Morning Poppers (Fear Edition)

Bitcoin touched below $10,000 earlier this morning, placing the fear of God into a slew of aestheist crypto traders. For now, it appears prices have stabilized, unless of course you’re long Bitconnect — which is lower by 96% to $9 now. In terms of the billion dollar club cryptos, Siacoin (storage related) is doing best — higher by 9% over the past hour.

On the other hand, stocks continue to jog on. Futures are +140 and I’ll probably lose a little in my SOXS insurance policy this morning.

Here in Princeton, NJ, the roads are slippery — after a light dusting of snow. I suspect several automobiles will crash and be set aflame, perhaps a few might perish in the fires. But all in all, most will make it to work okay.

Here are some other important headlines.

Ross Stores target raised to $90 from $80 at Nomura
UnitedHealth target raised to $268 from $235 at Citigroup

Gappers: ASML +6.7%, JUNO +59.5% (WSJ reporting CELG / JUNO in merger talks), ADAP +8.4%, BLUE +7.1%, BLCM +6.4%, ZIOP +3.8%, NURO +72.7% (announces collaboration with GlaxoSmithKline (GSK) involving Quell Wearable Pain Relief Technology; GSK to pay the co $5 mln and up to $21.5 mln in milestones), AEZS +37.7% (enters into licensing and assignment agreement with Strongbridge (SBBP) for Macrilen (macimorelin) in the U.S. and Canada), NEWA +14.6% (Newater Technology +25% after announcing new strategic partnership with NW Blockchain Limited to jointly develop blockchain applications to use in the wastewater treatment industry)

Goldman Sachs prelim Q4 adj. EPS $5.68 vs $4.95 Capital IQ Consensus Estimate; revs $7.83 bln vs $7.64 bln Capital IQ Consensus Estimate

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3 comments

  1. edge

    The only fundamental that has changed is the tax cut…
    The truly rich as fuck still have huge income and nowhere to put it, except the markets. MOAR HIGHER.

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  2. wolfdaddy

    Is sia your pick in the storage space once we stabilize?

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