Cryptocurrencies continues to get beat up, hacked, regulated and slaloms the markets. But as I mentioned before, that's how the markets do! Let's take a summary of this week's Crypto, Cannabis & stock market happenings.
There are a number of possible factors in this weeks pullback that includes what might become the worlds largest digital currency hack. Japan's reported $530 million or about 500 million NEMs may have been an inside job. As Coincheck suspends trading, withdrawals and deposits of most cryptocurrencies there pending further investigation.
*UPDATE*: The company reports that the source of the hack has been located. And that they intend to refund most funds stolen.
How about the South Korean regulators that has now created a task force to oversee their exchanges. This could have enticed investors to abandon ship.
Robinhood, a popular online trading apps particularly among the millennials. Announced this week, options for 16 cryptocurrencies including Bitcoin, Ethereum, Bitcoin Cash, Ripple, Neo and more. With this platform you can now monitor, place on your watchlist and read crypto news. February will offer limited trading of BTC/ETH along with it's options, stocks, and ETFs, all on the same secure platform.
Marijuana/Cannabis
This week the U.S. Marijuana index had gains of 5.5%, The North American Marijuana Index posted a 3.2% this week.
Months of bitter fighting, has Aurora Cannabis acquiring CanniMed Therapeutics for some $1 billion in cash/stock off a friendlier deal.
Top 10 Marijuana/Cannabis Stock
ACBFF - Aurora Cannabis Inc +1.60%
GWPH - GW Pharma PLC +1.36%PRMCF - Cronos Group Inc -0.20%
TWMJF - Canopy Growth Corp +10.76%
CBDS - Cannabis Sativa Inc +1.13%
THCBF - THC Biomed Intl Ltd +1.48%
APHQF - Aphria Inc +5.69%
SMG - Scotts Miracle-Gro Co +0.32%
MEDFF - MedReleaf Corp -1.75%
CNTTF - CannTrust Holdings +0.60%
STOCK MARKET
The DOW Jones hits a record territories.....again! As well, the Nasdaq & the S&P 500 finishing the week with new highs. The DJI up by 223 points, that closed at 26,616. The Nasdaq climbed 1.28% & the S&P 500 rose to 1.18%.
January marks an incredible start on Wall street as investors and businesses credit President Trump's big tax cuts for it's motivation. Top that with a better than expected earnings as the 4Q reports began to roll in along with a steady global economic growth. Many are ready to ride the next few months with the same enthusiasm.
ETFs To Watch (Cannabis related):
- American Growth Fund Series Two Class E (AMREX) $4.98 -0.07 1.39%
- Cronos Group Inc. (PRMCF) $8.18 -0.01 0.14%
- ETFMG Alternative Harvest ETF (MJX) $37.65 +0.32 0.86%
- Horizons Medical Marijuana Life Sciences (HMMJ) $22.69 +0.55 2.48%
- AdvisorShares Vice ETF (ACT) $27.25 +0.36 1.34%
01/27/2018 Market Summary
Dow Jones @ $26.616.71 (+223.90 0.85%)
Nasdaq @ $7,505.77 (+95.6 1.28%)
S&P 500 @ $2,872.87 (+33.62 1.18%)
*IN the Crypto World it's all about the "HODL"*
VFFIF Village Farms International
One of the largest producers of premium quality greenhouse tomatoes, bell peppers and cucumbers in North America. Village Farms vegetables are grown hydroponically (without the use of soil) in a glass enclosed high technology environment yet, are not genetically modified.
O A Orbital ATK Inc.
Orbital ATK designs, builds and delivers space, defense and aviation-related systems to customers around the world including launch vehicles and related propulsion systems; satellites and associated components and services; composite aerospace structures; tactical missiles, subsystems and defense electronics; and precision weapons, armament systems and ammunition.
VRTHF Veritas Pharma
Develops the most effective proprietary cannabis strains for specific disease conditions providing doctors and patients with conclusive scientific evidence for the recommendation and use of medical marijuana with confidence.
VTC Vertcoins
Vertcoin’s algorithm is designed to resist the development of custom mining hardware and multipool mining, ensuring that transactions are validated by a widely distributed network and avoiding the selling pressure when large mining pools indiscriminately flood the market with freshly mined coins. With Vertcoins: DECENTRALIZED MINING, 1-CLICK VERTCOIN MINER, WEB WALLET
VUZI Vuzix Corp.
Vuzix design wearable display devices known as Smart and Augmented Reality Glasses, Video iWear (Eyewear), head mounted displays or HMDs. That are worn like eyeglasses and feature built-in video screens that enable the user to view and interact with video and digital content, including movies, video games, computer data and the Internet. Its origins in defense R&D for next-generation military display solutions, now focused the enterprise and consumer markets for wearable computing and personal AR display devices.
- BTC Bitcoin - $11,734.71 +2.31% (24 hr. Change)
- BCH Bitcoin cash - $1,717.05 +4.03%
- ETH Ethereum - $1,230.22 +11.91%
- XRP Ripple - $1.31 +7.06%
- LTC Litecoin -$188.66 +4.19%
- Neo - $149.34 +7.01
- ADA Cardano - $0.658 +5.63
My last 5 of the companies that I am researching in 2018. These are not recommendation as stated, yet, are companies within industries that I feel are worthy of potential gains
VFFIF Village Farms International
One of the largest producers of premium quality greenhouse tomatoes, bell peppers and cucumbers in North America. Village Farms vegetables are grown hydroponically (without the use of soil) in a glass enclosed high technology environment yet, are not genetically modified.
O A Orbital ATK Inc.
Orbital ATK designs, builds and delivers space, defense and aviation-related systems to customers around the world including launch vehicles and related propulsion systems; satellites and associated components and services; composite aerospace structures; tactical missiles, subsystems and defense electronics; and precision weapons, armament systems and ammunition.
VRTHF Veritas Pharma
Develops the most effective proprietary cannabis strains for specific disease conditions providing doctors and patients with conclusive scientific evidence for the recommendation and use of medical marijuana with confidence.
VTC Vertcoins
Vertcoin’s algorithm is designed to resist the development of custom mining hardware and multipool mining, ensuring that transactions are validated by a widely distributed network and avoiding the selling pressure when large mining pools indiscriminately flood the market with freshly mined coins. With Vertcoins: DECENTRALIZED MINING, 1-CLICK VERTCOIN MINER, WEB WALLET
VUZI Vuzix Corp.
| COMPANY | LAST | CHANGE | % |
|---|---|---|---|
| AMBA Ambarella Inc | $50.25 | +0.15 0.30% | |
| ACBFF Aurora Cannabis Inc | $10.81 | +0.17 1.60% | |
| AVAV AeroVironment Inc | $53.17 | -0.31 0.58% | |
| EXEL Exelixis Inc | $30.27 | -0.19 0.62% | |
| A Agilent Techn. Inc. | $74.82 | +0.97 1.31% | |
| HIMX Himax Techn. Inc. | $8.27 | -0.09 1.08% | |
| HTC HTC Corp | $69.30 | +0.70 1.02% | |
| RIOT Riot Blockchain Inc | $17.13 | -0.78 4.36% | |
| SIEB Siebert Financial Corp. | $9.45 | -0.67 6.62% | |
| STM STMicroelectronics | $23.80 | +0.89 3.88% | |
| ARE Alexandria Real Estate Equit | $126.47 | -0.49 0.39% | |
| SYNA Synaptics Inc. | $45.07 | +1.10 2.50% | |
| IBB iShare NASDAQ Biotech ETF | $118.04 | +1.41 1.21% | |
| TWMJF Canopy Growth corp | $28.49 | +2.82 10.97% | |
| KEYS Keysight Technologies | $46.58 | +0.86 1.88% | |
| VFFIF Village Farms International | $7.29 | +0.12 1.66% | |
| O A Orbital ATK Inc. | $132.47 | -0.01 0.01% | |
| VRTHF Veritas Pharma | $0.60 | -0.00 0.50% | |
| VTC Vertcoins | $4.48 | -3.65% | |
| VUZI Vuzix Corp. | $9.50 | -0.25 2.56% |
| COMPANY | LAST | CHANGE | % |
|---|---|---|---|
| AbbVie Inc. | $123.21 | + 14.91 13.77% | |
| Intel Corp | $50.08 | + 4.78 10.55% | |
| Arthur J Gallagher Co | $70.49 | +4.83 7.36% | |
| Gilead Sciences Inc | $85.46 | +4.27 5.26% | |
| Pfizer Inc | $39.01 | +1.77 4.75% | |
| Wynn Resorts Ltd | $180.29 | -20.31 10.12% | |
| Colgate-Palmolive Co | $73.56 | -3.76 4.86% | |
| Regeneron Pharmac Inc | $374.36 | -17.48 4.46 | |
| Starbucks Corp | $57.99 | -2.56 4.23% | |
| Ball corp | $38.12 | -1.10 2.79% | |
"LET's DO THIS"
Copyright © 2018 Andrew Hayes All Rights Reserved
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