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Zacks Market Edge Highlights: Microsoft, IBM, Amazon, CME Group and Visa
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For Immediate Release
Chicago, IL – November 9, 2017 – Zacks Market Edge is a podcast hosted weekly by Zacks Stock Strategist Tracey Ryniec. Every week, Tracey will be joined by guests to discuss the hottest investing topics in stocks, bonds and ETFs and how it impacts your life. To listen to the podcast, click here: (https://www.zacks.com/stock/news/282097/how-to-invest-in-blockchain-and-the-cryptocurrencies)
How to Invest in Blockchain and Cryptocurrencies
Welcome to Episode #106 of the Zacks Market Edge Podcast.
Every week, host and Zacks stock strategist, Tracey Ryniec, will be joined by guests to discuss the hottest investing topics in stocks, bonds and ETFs and how it impacts your life.
In this episode, Tracey is joined by Dave Bartosiak, the Editor of Zacks Momentum Trader and Surprise Trader portfolios, to discuss one of the hottest topics in investing: blockchain and cryptocurrencies.
Blockchain is the technology that allows cryptocurrencies to exist as it tracks transactions relating to digital assets. But it can also track documents which makes it especially attractive to those in the banking, finance and insurance industries.
Some believe that the blockchain market could be over $2 billion by 2021.
Who’s Providing the Back-End Infrastructure for Blockchain?
A way to invest in blockchain growth, is to invest in the companies that are the back-end leaders.
Several of the big technology companies have already moved into this area, including Microsoft (MSFT - Free Report) with the Azure cloud platform, IBM (IBM - Free Report) with IBM Blockchain, its public cloud service, and Amazon’s (AMZN - Free Report) AWS, who has partnered with the Digital Currency Group.
Do You Own Bitcoin?
On the cryptocurrency side, investors have mostly been buying some of the cryptocurrencies themselves, especially Bitcoin, which has soared.
But, just like the blockchain part of the technology, others are building the infrastructure for this business on the other end.
The CME Group (CME - Free Report) recently announced it intended to launch bitcoin futures in the fourth quarter of 2017, pending relevant regulatory review. This is an important development because it paves the way for possible Bitcoin ETFs.
CME Group estimates that the cryptocurrency market has grown to $172 billion in recent years, with bitcoin about 54% of that total, or $94 billion. The bitcoin spot market has also grown to trade about $1.5 billion in notional value every day.
A Prepaid Visa Card
Another way to invest in the cryptocurrency phenomena is through the mainstream payment companies. They’re very aware of the growth in this area and they’re unlikely to remain on the sidelines.
Along those lines, it’s not surprising that on Nov 1, Visa Inc. (V - Free Report) announced it had approved a prepaid card backed by the cryptocurrency Monaco for issuance to Singaporean residents.
Monaco said that the demand was strong, with over 17,000 cards reserved.
This card allows cryptocurrency Monaco to be converted into fiat money. It would then be accepted at Visa’s 44 million merchant locations in its network, which is key to future growth.
What else should you know about investing in blockchain and the cryptocurrency growth story?
Find out on this week’s podcast.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978. The later formation of the Zacks Rank, a proprietary stock picking system; continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Click here for your free subscription to Profit from the Pros.
Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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Zacks Market Edge Highlights: Microsoft, IBM, Amazon, CME Group and Visa
For Immediate Release
Chicago, IL – November 9, 2017 – Zacks Market Edge is a podcast hosted weekly by Zacks Stock Strategist Tracey Ryniec. Every week, Tracey will be joined by guests to discuss the hottest investing topics in stocks, bonds and ETFs and how it impacts your life. To listen to the podcast, click here: (https://www.zacks.com/stock/news/282097/how-to-invest-in-blockchain-and-the-cryptocurrencies)
How to Invest in Blockchain and Cryptocurrencies
Welcome to Episode #106 of the Zacks Market Edge Podcast.
Every week, host and Zacks stock strategist, Tracey Ryniec, will be joined by guests to discuss the hottest investing topics in stocks, bonds and ETFs and how it impacts your life.
In this episode, Tracey is joined by Dave Bartosiak, the Editor of Zacks Momentum Trader and Surprise Trader portfolios, to discuss one of the hottest topics in investing: blockchain and cryptocurrencies.
Blockchain is the technology that allows cryptocurrencies to exist as it tracks transactions relating to digital assets. But it can also track documents which makes it especially attractive to those in the banking, finance and insurance industries.
Some believe that the blockchain market could be over $2 billion by 2021.
Who’s Providing the Back-End Infrastructure for Blockchain?
A way to invest in blockchain growth, is to invest in the companies that are the back-end leaders.
Several of the big technology companies have already moved into this area, including Microsoft (MSFT - Free Report) with the Azure cloud platform, IBM (IBM - Free Report) with IBM Blockchain, its public cloud service, and Amazon’s (AMZN - Free Report) AWS, who has partnered with the Digital Currency Group.
Do You Own Bitcoin?
On the cryptocurrency side, investors have mostly been buying some of the cryptocurrencies themselves, especially Bitcoin, which has soared.
But, just like the blockchain part of the technology, others are building the infrastructure for this business on the other end.
The CME Group (CME - Free Report) recently announced it intended to launch bitcoin futures in the fourth quarter of 2017, pending relevant regulatory review. This is an important development because it paves the way for possible Bitcoin ETFs.
CME Group estimates that the cryptocurrency market has grown to $172 billion in recent years, with bitcoin about 54% of that total, or $94 billion. The bitcoin spot market has also grown to trade about $1.5 billion in notional value every day.
A Prepaid Visa Card
Another way to invest in the cryptocurrency phenomena is through the mainstream payment companies. They’re very aware of the growth in this area and they’re unlikely to remain on the sidelines.
Along those lines, it’s not surprising that on Nov 1, Visa Inc. (V - Free Report) announced it had approved a prepaid card backed by the cryptocurrency Monaco for issuance to Singaporean residents.
Monaco said that the demand was strong, with over 17,000 cards reserved.
This card allows cryptocurrency Monaco to be converted into fiat money. It would then be accepted at Visa’s 44 million merchant locations in its network, which is key to future growth.
What else should you know about investing in blockchain and the cryptocurrency growth story?
Find out on this week’s podcast.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
See the pot trades we're targeting>>
Tracey Ryniec manages the Insider Trader and Value Investor portfolios at Zacks.com. She hosts 2 weekly podcasts: Zacks Market Edge Podcast and the Value Investor Podcast. You can also catch her on Twitter at @TraceyRyniec.
About Zacks
Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978. The later formation of the Zacks Rank, a proprietary stock picking system; continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Click here for your free subscription to Profit from the Pros.
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.