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Morning Coffee: Google Impresses – We turn to Spotify

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Stocks and Securities

U.S stocks futures are set to open higher this morning in light of the positive earnings reports from companies such as Alphabets (GOOGL), with notables such as AT&T (NYSE:T), Texas Instruments (NYSE:TXN), Verizon (NYSE:VZ), Lockheed-Martin (NYSE:LMT) and United Technologies (NYSE:UTX) to report today.

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Earnings season is upon us and we were witness to Alphabets (GOOGL) dominance of earnings after market close on Monday. So far, this earnings season has been a rather strong one. Of the S&P 500 companies that reported before this week, 87{d745bfe1f0a8cfaf7934723e820c1a1fdf298af2e9634a8abb073c3029806a15} beat earnings expectations and 77{d745bfe1f0a8cfaf7934723e820c1a1fdf298af2e9634a8abb073c3029806a15} beat revenue expectations.  Both of those statistics are above the five-year average.

Alphabets (GOOGL) reported EPS of $11.75 vs. $9.59 forecasted. Revenue of $32.66B vs $32.17B – $26.24B USD after the traffic-acquisition costs being accounted for – $6B USD higher compared to just a year ago ($20.91B USD). Additionally, costs per click down 22{d745bfe1f0a8cfaf7934723e820c1a1fdf298af2e9634a8abb073c3029806a15}. Alphabet inched closer to a $1 T USD market-cap as in aftermarket trading, as shares of both GOOG and GOOGL jump more than 3{d745bfe1f0a8cfaf7934723e820c1a1fdf298af2e9634a8abb073c3029806a15}.

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Notables: AT&T (NYSE:T), Texas Instruments (NYSE:TXN), Verizon (NYSE:VZ), Lockheed-Martin (NYSE:LMT) and United Technologies (NYSE:UTX)


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Notables: Gilead Sciences (NASDAQ:GILD), Facebook (FB), Qualcomm (NASDAQ:QCOM) and Ford (NYSE:F)


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Notables: Amazon (NASDAQ:AMZN), Chipotle (NYSE:CMG), Under Armour (NYSE:UAA), Starbucks (NASDAQ:SBUX), Intel (NASDAQ:INTC), McDonald’s (NYSE:MCD), Mastercard (NYSE:MA) and PayPal (NASDAQ:PYPL)


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Notables: Twitter (NYSE:TWTR), ExxonMobil (NYSE:XOM), Chevron (NYSE:CVX) and Merck (NYSE:MRK)

This week, we are buyers of Visa Inc. (V)Mastercard Inc. (MA), Macdonald Corp. (MCD) and Spotify Technology SA (SPOT) into earnings and we will use any weakness in Amazon Inc. (AMZN) and Facebook Inc. (FB) post earnings to add shares.


Blockchain and Cryptocurrency

Bitcoin (BTC) and Ethereum (ETH) both had an interesting 24 hours. The price of Bitcoin (BTC) is inching closer to $8000, up 3.45{d745bfe1f0a8cfaf7934723e820c1a1fdf298af2e9634a8abb073c3029806a15} to $7975, while Ethereum (ETH) up about 0.68{d745bfe1f0a8cfaf7934723e820c1a1fdf298af2e9634a8abb073c3029806a15} trading at $468. Market capitalization increased from $287B USD to $292B USD which is a 1.7{d745bfe1f0a8cfaf7934723e820c1a1fdf298af2e9634a8abb073c3029806a15} increase in just 24 hours. This 24 hour volume of $17.4B is up more than $3B compared to Monday. BTC dominance of 46.8{d745bfe1f0a8cfaf7934723e820c1a1fdf298af2e9634a8abb073c3029806a15} is 1{d745bfe1f0a8cfaf7934723e820c1a1fdf298af2e9634a8abb073c3029806a15} higher compared to Monday as well. The question for today will be will Bitcoin (BTC) be able to to break the $8000 level today?

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).

It appears that just after being removed from the elite Dow Jones Industrial Average and being replaced by Walgreens Boots Alliance (WBA), the 126-year-old General Electric (GE) announced that they have invested $12m USD in a Series A fund-raising round for Xage, Xage is a cybersecurity startup which uses blockchain to securely linked industrial internet of things (IoT) devices.

In keeping with our Google / Alphabet theme, they have also recently announced that they they are developing a blockchain solution for enterprise clients using the Google Cloud. This is a collaboration with Google / Alphabet and Distributed Ledger Technology (DLT) which is led by Blythe Masters – a former JPMorgan executive.

It appears that all tides are turning for good when it comes to bitcoin and cryptocurrencies. The G-20, has set October 2018 as the definitive date for plans to apply anti-money laundering (AML) regulatory standards for the cryptocurrency sector.


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.

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

Author avatar

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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