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Morning Coffee: Apple Dominance Continues, Bitcoin Continues to Slide

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Stocks and Securities

U.S. stocks futures are poised to open higher this morning after Apple (AAPL) posted a $11.5 billion profit for the three months ending in June, up 32{d745bfe1f0a8cfaf7934723e820c1a1fdf298af2e9634a8abb073c3029806a15} from the same period a year agoApple (AAPL) revenue increased 17{d745bfe1f0a8cfaf7934723e820c1a1fdf298af2e9634a8abb073c3029806a15} to $53.3 billion, a new record for its fiscal third quarter. The jump comes despite flattening iPhone unit sales. Apple (AAPL) sold 41.3 million iPhones during the three months ending in June, little changed from the 41 million it sold in the same period a year ago.

The results highlight Apple (AAPL) successful shift away from depending on selling more and more iPhones in order to grow its business. Instead, Apple (AAPL) is finding new growth from higher priced iPhone models, like the iPhone X which boasts a $999 price tag, as well as supplementary services offered for its portfolio of devices.

Notables for today includeTesla (NASDAQ:TSLA), Fitbit (NYSE:FIT), Zynga (NASDAQ:ZNGA), Wynn Resorts (NASDAQ:WYNN) and Square (NYSE:SQ)

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While the report is mostly positive, we remain cautious on the shares until the earnings “dust” settles. Apple (AAPL) will need that extra cash if competitors continue to gain ground. As Apple (AAPL) Chief Executive Tim Cook was discussing earnings on a conference call Tuesday, IDC released data on the global smartphone market that showed Apple (AAPL) was displaced from the number two phone maker in the world to number 3. Apple (AAPL) , which had been one of the top two smartphone manufacturers continually since the second quarter of 2010, was leapfrogged by Huawei Technologies Co. of China, while Samsung Electronics maintains its lead.

When is the best time to buy Apple (AAPL)? See below.

So where are we looking today?

Popular growth investing strategies, reflecting companies whose profits grow consistently and at faster clip than the overall market, have by far been the best performers in recent years, compared against traditional value investing, buying shares that are viewed as priced beneath their inherent value. However, the stumbles in FAANG names have highlighted growth’s recent deterioration, with those large-capitalization tech and internet companies that have helped to push the broader market to new heights, losing some luster as investors fret about stock valuations and the outlook for economic growth in the ninth year of an economic expansion in the U.S., the second-longest on record.


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Notables: Tesla (NASDAQ:TSLA), Fitbit (NYSE:FIT), Zynga (NASDAQ:ZNGA), Wynn Resorts (NASDAQ:WYNN) and Square (NYSE:SQ)


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Notables: GoPro (NASDAQ:GPRO), Activision Blizzard (NASDAQ:ATVI), MGM Resorts (NYSE:MGM), Yum Brands (NYSE:YUM), CBS(NYSE:CBS), Take-Two Interactive Software (NASDAQ:TTWO) and DowDuPont (NYSE:DWDP


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Notables: Berkshire Hathaway (BRK.ABRK.B) and Kraft Heinz (NASDAQ:KHC)


West Texas Intermediate crude (WTI) for September delivery on the New York Mercantile Exchange down $0.47, or 0.68{d745bfe1f0a8cfaf7934723e820c1a1fdf298af2e9634a8abb073c3029806a15} or at $68.31 a barrel. September Brent crude down $0.32 at $73.89 a barrel. 

Crude oil WTI - Oil markets and oil pricesCrude oil Brent - oil markets and oil prices







We continue to remain bullish on our Oil outlook, as most economic data indicates a decline in overall inventories, thus higher oil prices are to be expected in the second half of 2018.


Blockchain and Cryptocurrency

The price of both Bitcoin (BTC) andEthereum (ETH) continues to slide today, as Bitcoin (BTC) is again trading under $8000. Bitcoin (BTC) price down 5.76{d745bfe1f0a8cfaf7934723e820c1a1fdf298af2e9634a8abb073c3029806a15} to $7630 and Ethereum (ETH) down 5.36{d745bfe1f0a8cfaf7934723e820c1a1fdf298af2e9634a8abb073c3029806a15} trading at $425.33. Market capitalization decreased from $286 USD to $273B USD which is a 4.12{d745bfe1f0a8cfaf7934723e820c1a1fdf298af2e9634a8abb073c3029806a15} decrease in just 24 hours. This 24 hour volume of $16.3B is up more than $3.5B compared to yesterday. BTC dominance of 47.9{d745bfe1f0a8cfaf7934723e820c1a1fdf298af2e9634a8abb073c3029806a15} is down about 0.3{d745bfe1f0a8cfaf7934723e820c1a1fdf298af2e9634a8abb073c3029806a15} compared to Yesterday as well.

Bitcoin price - BTC/USD chartEthereum (ETH) chart - ETH/USD







Read our recent post consisting of Technical Analysis for Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCC), Cardano (ADA), Stellar (XLM), Digibyte (DGB), NEO (NEO), EOS (EOS), and Nucleus.Vision (NCASH).

Ripple (XRP) announced that the former president of united states – President Bill Clinton – will be the keynote speaker at the SWELL conference. The SWELL conference is the gathering of global leaders from payments, policy and technology fields whom come together to discuss the role of blockchain in disruption of such industries.

In keeping with the narrative above, it appears that the Icahn School of Medicine at Mount Sinai has decided to look to blockchain to improve biomedical data management, machine learning and data governance. The highlighted the slow moving system that is used to move medical information in today’s society as the main driving factor behind this venture.

It was reported on Forbes that Northern Trust – an institution that caters to institutional investors, corporations and high net worth individuals – has opened its doors to cryptocurrency hedge funds as a part of their extensive expansion into blockchain.


Stocks on the Radar

If you have not have the chance to look at our new segment – ETF ALPHA – please take the time to do so. There we have highlighted potential trades from 16 different ETFs. There are some great ETFs to buy in this week’s post. If you are unsure about the benefits of trading ETFs then please read our post here.

We hate to brag but we nailed our ETFs plays for last week. We told our readers to buy BRZU (+8.19{d745bfe1f0a8cfaf7934723e820c1a1fdf298af2e9634a8abb073c3029806a15})INDL (+8.73{d745bfe1f0a8cfaf7934723e820c1a1fdf298af2e9634a8abb073c3029806a15}) and YINN (+6.8{d745bfe1f0a8cfaf7934723e820c1a1fdf298af2e9634a8abb073c3029806a15}) and to stay away from LABU (-18.01{d745bfe1f0a8cfaf7934723e820c1a1fdf298af2e9634a8abb073c3029806a15}).

Below is our today’s list of cryptocurrency and stocks to buy or to invest in:

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Dr. Tiam Feridooni

Written by: Dr. Tiam Feridooni MD, PhD, BSc Dr. Feridooni, graduated from Dalhousie Medical School in May, 2018. Prior to enrolling in medical school, he completed his Bachelor of Science with Honours in 2010 in Biochemistry. He then obtained his PhD at Dalhousie University in Pharmacology in 2014, with a focus around regenerative medicine and stem cell transplantation. Dr. Feridooni has been published numerous high impact journals and has also co-authored a few books.

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