Is the bitcoin boom about to turn into one of history’s biggest busts?
The digital currency’s massive surge this year — it’s up more than 1,400% — has all the hallmarks of a huge speculative bubble, according to people such as Warren Buffett.
And if it bursts, the results are likely to be spectacular.
“In terms of how it ends, bubble history suggests it will be with a bang, rather than a whimper,” said Sharon Zoller, an economist at ANZ. “I can’t think of any reason why this time would be different.”
To better understand what may lie ahead, here’s the lowdown on four famous financial bubbles in history:
In the early 17th century, speculation helped drive the value of tulip bulbs in the Netherlands to previously unheard of prices. Newly imported from Turkey, tulips were a big novelty at the time.
Hard data from those days is scarce, so it’s difficult to gauge exactly how much prices soared. But people were putting up their homes as collateral, according to the Rijksmuseum — the Museum of the Netherlands — in Amsterdam.
Best Warren Buffett Stocks To Buy Right Now: Amtech Systems Inc.(ASYS)
- [By Lisa Levin] Gainers
The Trade Desk, Inc. (NASDAQ: TTD) jumped 36.2 percent to $71.82 after the company reported upbeat results for its first quarter. The company also issued strong second-quarter and FY18 sales guidance.
WideOpenWest, Inc. (NYSE: WOW) jumped 30.4 percent to $8.80 after the company reported Q1 results.
MoSys, Inc. (NASDAQ: MOSY) shares surged 28.6 percent to $1.9541 after the company reported better-than-expected Q1 results and issued strong Q2 forecast.
Boxlight Corporation (NASDAQ: BOXL) gained 24 percent to $6.39.
Akcea Therapeutics, Inc. (NASDAQ: AKCA) shares gained 19.1 percent to $24.60. Akcea Therapeutics, an affiliate of Ionis Pharmaceuticals Inc (NASDAQ: IONS) announced that the Endocrinologic and Metabolic Drugs Advisory Committee, which met to discuss the safety and efficacy of subcutaneously injected volanesoren solution for patients with familial chylomicronemia syndrome, voted 12-8 to support its approval.
Net 1 UEPS Technologies, Inc. (NASDAQ: UEPS) shares rose 17 percent to $10.31 after reporting Q3 results.
ArcBest Corporation (NASDAQ: ARCB) gained 16.8 percent to $43.1457 after reporting upbeat quarterly earnings.
Amtech Systems, Inc. (NASDAQ: ASYS) rose 16.2 percent to $8.60. Amtech posted Q2 earnings of $0.19 per share on sales of $32.783 million.
Identiv, Inc (NASDAQ: INVE) surged 14.4 percent to $3.8450 following Q1 results.
Omeros Corporation (NASDAQ: OMER) shares rose 14.3 percent to $18.43 following Q1 results.
VivoPower International PLC (NASDAQ: VVPR) gained 11.5 percent to $2.71.
Intersections Inc. (NASDAQ: INTX) gained 11.4 percent to $2.55 after reporting Q1 results.
Noodles & Company (NASDAQ: NDLS) shares rose 10.9 percent to $8.65 following Q1 results.
Voyager Therapeutics, Inc. (NASDAQ: VYGR) climbed 10.6 percent to $18.54 following Q1 results.
Blink Charging Co. (NASDAQ: BLNK) rose 10.4 percent to $5.739.
Immersion Corporation (NASDAQ: IMMR) gained 9.6 percent to $12.69
- [By Stephan Byrd]
ValuEngine cut shares of Amtech Systems (NASDAQ:ASYS) from a hold rating to a sell rating in a research note published on Wednesday morning.
Separately, Zacks Investment Research raised Amtech Systems from a sell rating to a hold rating in a research report on Monday, April 16th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of Hold and an average target price of $14.88.
Best Warren Buffett Stocks To Buy Right Now: Century Casinos, Inc.(CNTY)
- [By Max Byerly]
Century Casinos (NASDAQ: CNTY) is one of 31 public companies in the “Hotels & motels” industry, but how does it compare to its competitors? We will compare Century Casinos to similar companies based on the strength of its analyst recommendations, institutional ownership, valuation, earnings, risk, profitability and dividends.
Best Warren Buffett Stocks To Buy Right Now: MGM Resorts International(MGM)
- [By Travis Hoium]
Caesars isn’t the only company taking its gaming brands worldwide into non-gaming markets. MGM Resorts (NYSE:MGM) has launched MGM Hospitality, a hotel development and management business that mirrors what Caesars is building in Dubai. The company’s first major property will be MGM- and Bellagio-branded hotels in Dubai in which MGM will advise on the building process and manage the hotels. Wasl Hospitality will be the owner of the property, which is expected to be completed in 2021.
- [By Rich Duprey]
The future of Wynn Resorts (NASDAQ:WYNN) could be in doubt as The New York Post reported MGM Resorts (NYSE:MGM) may be interested in buying its rival. Although MGM CEO Jim Murren previously said his resort was unlikely to make a play, the resignation of founder Steve Wynn and the sale of all of his stock in the casino giant now makes a takeover bid more palatable.
- [By Lisa Levin] Companies Reporting Before The Bell
General Motors Company (NYSE: GM) is projected to report quarterly earnings at $1.24 per share on revenue of $34.66 billion.
Bristol-Myers Squibb Company (NYSE: BMY) is estimated to report quarterly earnings at $0.85 per share on revenue of $5.24 billion.
United Parcel Service, Inc. (NYSE: UPS) is expected to report quarterly earnings at $1.55 per share on revenue of $16.44 billion.
Time Warner Inc. (NYSE: TWX) is projected to report quarterly earnings at $1.74 per share on revenue of $7.91 billion.
ConocoPhillips (NYSE: COP) is expected to report quarterly earnings at $0.74 per share on revenue of $8.81 billion.
PepsiCo, Inc. (NYSE: PEP) is expected to report quarterly earnings at $0.93 per share on revenue of $12.4 billion.
American Airlines Group Inc. (NASDAQ: AAL) is estimated to report quarterly earnings at $0.72 per share on revenue of $10.42 billion.
Southwest Airlines Co (NYSE: LUV) is expected to report quarterly earnings at $0.74 per share on revenue of $5.01 billion.
Fiat Chrysler Automobiles N.V. (NYSE: FCAU) is estimated to report quarterly earnings at $0.8 per share on revenue of $34.52 billion.
Union Pacific Corporation (NYSE: UNP) is projected to report quarterly earnings at $1.66 per share on revenue of $5.38 billion.
D.R. Horton, Inc. (NYSE: DHI) is expected to report quarterly earnings at $0.85 per share on revenue of $3.76 billion.
The Hershey Company (NYSE: HSY) is estimated to report quarterly earnings at $1.4 per share on revenue of $1.94 billion.
Praxair, Inc. (NYSE: PX) is expected to report quarterly earnings at $1.56 per share on revenue of $2.94 billion.
Altria Group, Inc. (NYSE: MO) is projected to report quarterly earnings at $0.92 per share on revenue of $4.63 billion.
Shire plc (NASDAQ: SHPG) is estimated to report quarterly earnings at $3.54 per share on revenue of $3.72 billion.
Oshkosh Corporation (NYSE: OSK) is projected to report quarter
Best Warren Buffett Stocks To Buy Right Now: Lydall, Inc.(LDL)
- [By Logan Wallace]
Get a free copy of the Zacks research report on Lydall (LDL)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Best Warren Buffett Stocks To Buy Right Now: Microsoft Corporation(MSFT)
- [By Alexander Bird]
Already, Microsoft Corp. (Nasdaq: MSFT) has reported a 15% jump in the sale of the Xbox console in just the last year. And this grow isn’t slowing down anytime soon. In 2018 alone, e-sports is expected to grow by 38% and break $1 billion in revenue by 2019.
- [By JJ Kinahan]
Momentum from Facebook.com, Inc. (NASDAQ: FB) stronger-than-expected earnings, reported after the market closed yesterday, helped equities futures, which were pointing to a higher open for all three of the main U.S. indices. Investors seemed to cheer as the tech giant beat expectations despite the data handling issue. Eyes will turn to the Seattle area later today as Amazon.com, Inc. (NASDAQ: AMZN) and Microsoft Corporation (NASDAQ: MSFT) report earnings after the bell.
- [By JJ Kinahan]
In addition to reports from T and VZ, these are some of the other major companies reporting earnings this week:
Caterpillar Inc. (NYSE: CAT) and Eli Lilly and Co. (NYSE: LLY) report before market open on Tuesday, Apr. 24
Boeing Co (NYSE: BA) reports before the open on Wednesday, Apr. 25
Twitter Inc. (NYSE: TWTR) reports before the open Wednesday, Apr. 25 and Facebook, Inc. (NASDAQ: FB) reports after the close the same day
Ford Motor Company (NYSE: F) reports after market close Wednesday, Apr. 25 and General Motors Company (NYSE: GM) reports before the open Thursday, Apr. 26
Amazon.com, Inc. (NASDAQ: AMZN), Intel Corporation (NASDAQ: INTC) and Microsoft Corporation (NASDAQ: MSFT) all report after market close Thursday, Apr. 26
Chevron Corporation (NYSE: CVX) and Exxon Mobil Corporation (NYSE: XOM) report before the open Friday, Apr. 27
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Best Warren Buffett Stocks To Buy Right Now: StoneMor Partners L.P.(STON)
- [By WWW.GURUFOCUS.COM]
For the details of AXAR CAPITAL MANAGEMENT L.P.’s stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=AXAR+CAPITAL+MANAGEMENT+L.P.
These are the top 5 holdings of AXAR CAPITAL MANAGEMENT L.P.Stonemor Partners LP (STON) – 6,650,613 shares, 68.21% of the total portfolio. Shares added by 8.91%Patterson-UTI Energy Inc (PTEN) – 730,000 shares, 21.11% of the total portfolio. Stage Stores Inc (SSI) – 1,750,000 shares, 6.3% of the total portfolio. Shares added by 75.00%Five Star Senior Living Inc (FVE) – 2,039,878 shares, 4.38% of the total portfolio. Added