CryptoKitties Maker Attracts Warner Music; Ripple Rival Stellar’s $124 Million Airdrop

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Cardi B Warner Music blockchain

Cardi B’s label Warner Music is partnering with Dapper Labs to offer fans assets on a new blockchain.

KEVIN MAZUR/GETTY IMAGES FOR ROC NATION

BLOCKCHAIN IS MUSIC TO WARNER’S EARS

Warner Music, the entertainment powerhouse behind major stars like Cardi B, Ed Sheeran and Bruno Mars, has joined an $11.2 million investment in Dapper Labs, the company best known for creating the viral blockchain game CryptoKitties.

Warner’s blockchain team will work with Dapper Labs to create new digital assets—think unique, tradable, digital merchandise—featuring a roster of superstar talent. The companies will use a new public blockchain called Flow, which is capable of handling much larger transaction volumes than the Ethereum blockchain.

At stake? The success of Dapper Labs itself, and the dominant position in a rapidly escalating competition to build economies that blur the line between digital assets and the real world.

CRYPTO MARKETS

Bitcoin had a quiet August, despite a 20% bump at the beginning of the month after President Trump tweeted his plans to impose additional tariffs on China and the Chinese yuan reached a 10-year low against the U.S. dollar. The most popular digital currency surrendered these gains as the month wore on, falling to as little as $9,326.

“It is not uncommon for crypto markets to react to global developments and news, but such moves are usually short-lived and loosely correlated,” said Joe DiPasquale, CEO of BitBull Capital.

Bitcoin also saw its lowest levels of volatility in four months this week, shedding more light on just how calm the market has become.

crypto price chart

SOURCE: MESSARI. PRICES AS OF 4:00 P.M. ON SEPTEMBER 13, 2019.

STELLAR’S $124 MILLION AIRDROP

As chatter circulates regarding the status of many crypto assets, like Stellar’s XLM and Ripple’s XRP, as potentially unregulated securities, Stellar has decided to give away roughly $124 million in XLM in a partnership with Keybase, a group messaging and file transfer hub. Ripple, on the other hand, has been selling off its XRP holdings.

INSIDE MILLER LITE’S BLOCKCHAIN BEER TRIVIA

Miller Lite jumped on the blockchain train last month, using the technology for its mobile trivia game that rewards of-age customers at certain bars and restaurants with a $5 prize that can be applied to a Miller Lite purchase. While the effort reads like a marketing play, the game uses blockchain and a crypto token to help verify participants and pay out winners of the game.

UPCOMING EVENT

under 30

At this year’s Forbes Under 30 Summit in Detroit (October 27–30), competitors BMW, Ford, GM and Renault will share the stage to talk about how blockchain can help Motor City reimagine itself. Don’t miss it! Get 30% off General Admission tickets here.

ELSEWHERE

France Vows to Block Facebook’s Libra Currency in Europe, Suggests ‘Public Digital Currency’ Instead. [Gizmodo]

Kakao’s Klay Cryptocurrency to Make First Exchange Listing. [CoinDesk]

An exclusive bitcoin ETF-like product just hit the market—here’s how it works. [CNBC]

Tiny Pacific Nation Makes a Go of Its Own Digital Currency. [Bloomberg]

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CAPSTEAD MTG CO/SH (NYSE:CMO) Shares Bought by Acadian Asset Management LLC

Finally, Millennium Management LLC acquired a new stake in CAPSTEAD MTG CO/SH during the 4th quarter worth $813,000. Institutional investors …

CAPSTEAD MTG CO/SH logoAcadian Asset Management LLC grew its position in CAPSTEAD MTG CO/SH (NYSE:CMO) by 91.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,455,209 shares of the real estate investment trust’s stock after purchasing an additional 694,055 shares during the quarter. Acadian Asset Management LLC owned approximately 1.70% of CAPSTEAD MTG CO/SH worth $12,152,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in CMO. Granite Investment Partners LLC acquired a new stake in shares of CAPSTEAD MTG CO/SH in the 1st quarter valued at $12,947,000. 361 Capital LLC acquired a new stake in CAPSTEAD MTG CO/SH during the 1st quarter worth $2,990,000. Alphasimplex Group LLC acquired a new stake in CAPSTEAD MTG CO/SH during the 1st quarter worth $1,712,000. IndexIQ Advisors LLC raised its stake in CAPSTEAD MTG CO/SH by 239.1% during the 1st quarter. IndexIQ Advisors LLC now owns 242,640 shares of the real estate investment trust’s stock worth $2,084,000 after acquiring an additional 171,089 shares in the last quarter. Finally, Millennium Management LLC acquired a new stake in CAPSTEAD MTG CO/SH during the 4th quarter worth $813,000. Institutional investors and hedge funds own 81.41% of the company’s stock.

Separately, TheStreet lowered shares of CAPSTEAD MTG CO/SH from a “c-” rating to a “d” rating in a research note on Thursday, July 25th.

NYSE CMO opened at $7.54 on Friday. The firm has a market cap of $634.34 million, a PE ratio of 22.45 and a beta of 0.72. The firm’s fifty day moving average is $7.88 and its two-hundred day moving average is $8.30. The company has a debt-to-equity ratio of 14.05, a quick ratio of 15.81 and a current ratio of 15.81. CAPSTEAD MTG CO/SH has a one year low of $6.58 and a one year high of $9.25.

CAPSTEAD MTG CO/SH (NYSE:CMO) last issued its earnings results on Wednesday, July 24th. The real estate investment trust reported $0.12 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.04. The business had revenue of $85.70 million for the quarter. CAPSTEAD MTG CO/SH had a negative net margin of 17.19% and a positive return on equity of 5.87%.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Investors of record on Monday, September 30th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 6.37%. The ex-dividend date is Friday, September 27th.

CAPSTEAD MTG CO/SH Profile

Capstead Mortgage Corporation operates as a real estate investment trust (REIT) in the United States. It invests in a portfolio of residential mortgage pass-through securities primarily consisting of short-duration adjustable-rate mortgage securities issued and guaranteed by government-sponsored enterprises, or by an agency of the federal government.

See Also: What is a balanced fund?

Institutional Ownership by Quarter for CAPSTEAD MTG CO/SH (NYSE:CMO)

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Athos Capital Ltd Has $448000 Holdings in Gridsum Holding Inc – (NASDAQ:GSUM)

Separately, Renaissance Technologies LLC grew its stake in Gridsum by 25.4% in the second quarter. Renaissance Technologies LLC now owns …

Gridsum logoAthos Capital Ltd boosted its stake in shares of Gridsum Holding Inc – (NASDAQ:GSUM) by 163.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 161,075 shares of the technology company’s stock after acquiring an additional 100,003 shares during the quarter. Athos Capital Ltd owned about 0.61% of Gridsum worth $448,000 as of its most recent SEC filing.

Separately, Renaissance Technologies LLC grew its stake in Gridsum by 25.4% in the second quarter. Renaissance Technologies LLC now owns 346,787 shares of the technology company’s stock worth $964,000 after purchasing an additional 70,248 shares in the last quarter. 29.91% of the stock is currently owned by institutional investors and hedge funds.

Separately, ValuEngine upgraded Gridsum from a “hold” rating to a “buy” rating in a report on Tuesday, July 2nd.

Shares of GSUM opened at $2.13 on Friday. The stock has a fifty day moving average price of $2.30 and a 200-day moving average price of $3.06. Gridsum Holding Inc – has a 12 month low of $1.29 and a 12 month high of $6.60.

Gridsum (NASDAQ:GSUM) last issued its earnings results on Monday, June 24th. The technology company reported ($0.75) earnings per share (EPS) for the quarter. The company had revenue of $8.75 million during the quarter.

Gridsum Company Profile

Gridsum Holding Inc provides data analysis software for enterprises and government agencies in China. Its proprietary distributed data architecture allows its customers to collect and analyze information; and Gridsum Big Data platform and Gridsum Prophet performs multi-dimensional correlation analysis and analyzes complex real-time events.

Recommended Story: How is a price target determined?

Institutional Ownership by Quarter for Gridsum (NASDAQ:GSUM)

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Cineworld Group plc (LSE:CINE)’s Quant Target Rate Sits at 0.03340 For Portfolios

A recent look at ownership and volatility brings us to a 0.03340 target portfolio weight (as a decimal) for Cineworld Group plc (LSE:CINE) Target …

A recent look at ownership and volatility brings us to a 0.03340 target portfolio weight (as a decimal) for Cineworld Group plc (LSE:CINE) Target weight is the volatility adjusted recommended stock position size for a position in your portfolio. The maximum target weight is 7% for any given stock. The indicator is based off of the 100 day volatility reading and calculates a target weight accordingly. If a stock has been more volatile of late, the lower the target weight will be. The 3-month volatility stands at 33.401600 (decimal). This is the normal returns and standard deviation of the stock price over three months annualized.

Investors may need to sometimes be reminded of the risks involved with stock market investing. Figuring out the individual capacity for risk may involve gauging the possible impact that real losses can have not only on the stock portfolio, but the investor’s mindset as well. Preparing for risk before jumping into the market can help put things in perspective. Investors who wait until holdings suddenly start dropping may be in for quite a shock when things go haywire. Many risk related errors can be addressed with proper calculations up front. Being aware of risk and managing the portfolio accordingly can be a big factor in the long-standing success of the investor.

50/200 Simple Moving Average Cross

Cineworld Group plc (LSE:CINE) has a 0.86806 50/200 day moving average cross value. Cross SMA 50/200 (SMA = Simple Moving Average) and is calculated as follows:

Cross SMA 50/200 = 50 day moving average / 200day moving average. If the Cross SMA 50/200 value is greater than 1, it tell us that the 50 day moving average is above the 200 day moving average (golden cross), indicating an upward moving share price.

On the other hand if the Cross SMA 50/200 value is less than 1, this shows that the 50 day moving average is below the 200 day moving average (a death cross), and tells us that share prices has fallen recently and may continue to do so.

Returns and Margins

Taking look at some key returns and margins data we can note the following:

Cineworld Group plc (LSE:CINE) has Return on Invested Capital of 0.115100, with a 5-year average of 0.255772 and an ROIC quality score of 10.210446. Why is ROIC important? It’s one of the most fundamental metrics in determining the value of a given stock. It helps potential investors determine if the firm is using it’s invested capital to return profits.

Successful investors are typically well aware of portfolio holdings at any given time. They tend to regularly review the portfolio to make sure that the combination of stocks is in line with goals and contributing to the outlined strategy. There may be times when everything seems to be in order after a thorough portfolio review. Other times, there may be a few changes that can be made. Maybe there are one or two names that have been over performing providing a big boost to the portfolio. On the other end, there could be a few stocks that are impacting the portfolio in a negative way and they may need to be addressed. Although constant portfolio monitoring may not be overly necessary for longer-term investors, regular portfolio examination is generally considered to be a good idea.

Cineworld Group plc (LSE:CINE) of the Travel & Leisure sector closed the recent session at 2.412000 with a market value of $4120248.

In looking at some Debt ratios, Cineworld Group plc (LSE:CINE) has a debt to equity ratio of 2.19993 and a Free Cash Flow to Debt ratio of 0.080389. This ratio provides insight as to how high the firm’s total debt is compared to its free cash flow generated. In terms of Net Debt to EBIT, that ratio stands at 10.38865. This ratio reveals how easily a company is able to pay interest and capital on its net outstanding debt. The lower the ratio the better as that indicates that the company is able to meet its interest and capital payments. Lastly we’ll take note of the Net Debt to Market Value ratio. Cineworld Group plc’s ND to MV current stands at 1.701669. This ratio is calculated as follows: Net debt (Total debt minus Cash ) / Market value of the company.

Drilling down into some additional key near-term indicators we note that the Capex to PPE ratio stands at 0.050613 for Cineworld Group plc (LSE:CINE). The Capex to PPE ratio shows you how capital intensive a company is. Stocks with an increasing (year over year) ratio may be moving to be more capital intensive and often underperform the market. Higher Capex also often means lower Free Cash Flow (Operating cash flow – Capex) generation and lower dividends as companies don’t have the cash to pay dividends if they are investing more in the business.

When watching the day to day movements of the market, investors often have to be careful not to let external factors cloud their judgment. From time to time, there may be certain stocks taking off that look highly tempting to purchase. Getting into a position based on short-term price movements may be a specific strategy for some, but it may be highly costly for others. Even if a stock has been on a big run that the investor might have missed out on, there is no guarantee that the run will continue higher. Although there may be potential in highly publicized stocks, it may be wise for investors to do their own research and then decide if the stock fits with the overall goals.

In addition to Capex to PPE we can look at Cash Flow to Capex. This ration compares a stock’s operating cash flow to its capital expenditure and can identify if a firm can generate enough cash to meet investment needs. Investors are looking for a ratio greater than one, which indicates that the firm can meet that need. Comparing to other firms in the same industry is relevant for this ratio. Cineworld Group plc (LSE:CINE)’s Cash Flow to Capex stands at 3.214528.

Near-Term Growth Drilldown

Now we’ll take a look at some key growth data as decimals. One year cash flow growth ratio is calculated on a trailing 12 months basis and is a one year percentage growth of a firm’s cash flow from operations. This number stands at 0.67471 for Cineworld Group plc (LSE:CINE). The one year Growth EBIT ratio stands at 1.19694 and is a calculation of one year growth in earnings before interest and taxes. The one year EBITDA growth number stands at 1.43242 which is calculated similarly to EBIT Growth with just the addition of amortization.

Taking even a further look we note that the 1 year Free Cash Flow (FCF) Growth is at 0.71380. The one year growth in Net Profit after Tax is 0.31838 and lastly sales growth was 0.77632.

One of the biggest obstacles standing in the way of the individual investor is unrealistic expectations. Many times, investors will have an incorrect vision of what they expect to get from their investments in terms of actual returns. Creating unrealistic expectations can lead to overextending risk in the future. If an investor loses patience and thinks that they should be seeing bigger returns than they are currently generating, this may cause them to enter into a few ill advised trades in order to try to hit that previously determined number. Setting realistic, attainable goals may help the investor immensely, not just in terms of future returns, but in terms of the psyche as well.

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Microchip Technology Incorporated (MCHP) and NXP Semiconductors NV (NASDAQ:NXPI …

Microchip Technology Incorporated (NASDAQ:MCHP) and NXP Semiconductors N.V. (NASDAQ:NXPI) are two firms in the Semiconductor – Broad …

Microchip Technology Incorporated (NASDAQ:MCHP) and NXP Semiconductors N.V. (NASDAQ:NXPI) are two firms in the Semiconductor – Broad Line that compete against each other. Below is a comparison of their dividends, analyst recommendations, institutional ownership, profitability, risk, earnings and valuation.

Valuation and Earnings

Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio
Microchip Technology Incorporated 89 4.27 N/A 1.47 64.06
NXP Semiconductors N.V. 98 3.37 N/A 6.61 15.64

Table 1 highlights Microchip Technology Incorporated and NXP Semiconductors N.V.’s top-line revenue, earnings per share and valuation. NXP Semiconductors N.V. is observed to has higher revenue and earnings than Microchip Technology Incorporated. Business that presently has a higher P/E ratio means that it is the more expensive of the two businesses. Microchip Technology Incorporated has been trading at a higher P/E ratio than NXP Semiconductors N.V., which means that it is at the moment the more expensive of the two companies.

Profitability

Table 2 demonstrates the net margins, return on equity and return on assets of Microchip Technology Incorporated and NXP Semiconductors N.V.

Net Margins Return on Equity Return on Assets
Microchip Technology Incorporated 0.00% 6.9% 1.9%
NXP Semiconductors N.V. 0.00% 19.1% 9.9%

Volatility and Risk

A beta of 1.4 shows that Microchip Technology Incorporated is 40.00% more volatile than S&P 500. NXP Semiconductors N.V.’s 1.26 beta is the reason why it is 26.00% more volatile than S&P 500.

Liquidity

The Current Ratio and a Quick Ratio of Microchip Technology Incorporated are 0.9 and 0.6. Competitively, NXP Semiconductors N.V. has 1.4 and 1 for Current and Quick Ratio. NXP Semiconductors N.V.’s better ability to pay short and long-term obligations than Microchip Technology Incorporated.

Analyst Ratings

In next table is given Microchip Technology Incorporated and NXP Semiconductors N.V.’s ratings and recommendations.

Sell Ratings Hold Ratings Buy Ratings Rating Score
Microchip Technology Incorporated 0 0 5 3.00
NXP Semiconductors N.V. 0 2 6 2.75

Microchip Technology Incorporated has a 22.11% upside potential and a consensus price target of $116. On the other hand, NXP Semiconductors N.V.’s potential upside is 0.24% and its consensus price target is $111. The data from earlier shows that analysts opinion suggest that Microchip Technology Incorporated seems more appealing than NXP Semiconductors N.V.

Institutional and Insider Ownership

Roughly 0% of Microchip Technology Incorporated shares are held by institutional investors while 80.8% of NXP Semiconductors N.V. are owned by institutional investors. Insiders held roughly 2.19% of Microchip Technology Incorporated’s shares. Competitively, NXP Semiconductors N.V. has 86.4% of it’s share held by insiders.

Performance

In this table we provide the Weekly, Monthly, Quarterly, Half Yearly, Yearly and YTD Performance of both pretenders.

Performance (W) Performance (M) Performance (Q) Performance (HY) Performance (Y) Performance (YTD)
Microchip Technology Incorporated -5.43% 3.3% -4.59% 17.31% 1.3% 31.28%
NXP Semiconductors N.V. -2% 3.47% -1.52% 17.86% 9.03% 41.09%

For the past year Microchip Technology Incorporated has weaker performance than NXP Semiconductors N.V.

Summary

On 8 of the 12 factors NXP Semiconductors N.V. beats Microchip Technology Incorporated.

Microchip Technology Incorporated develops, manufactures, and sells semiconductor products for various embedded control applications. The company offers general purpose and specialized 8-bit, 16-bit, and 32-bit microcontrollers; and microcontrollers for automotive networking, computing, lighting, power supplies, motor control, human machine interface, security, wired connectivity, and wireless connectivity. It also provides development tools that enable system designers to program microcontroller products for specific applications; analog, interface, mixed signal, and timing products comprising power management, linear, mixed-signal, high-voltage, thermal management, radio frequency (RF), drivers, safety, security, timing, USB, Ethernet, wireless, and other interface products; and memory products consisting of serial electrically erasable programmable read-only memory, serial flash memories, parallel flash memories, and serial static random access memories for the production of very small footprint devices. In addition, the company licenses its SuperFlash embedded flash and Smartbits one time programmable NVM technologies to foundries, integrated device manufacturers, and design partners for use in the manufacture of microcontroller products, gate array, RF, and analog products that require embedded non-volatile memory, as well as provides engineering services. Further, it provides wafer foundry and assembly and test subcontracting manufacturing services; and application specific integrated circuits, complex programmable logic devices, and aerospace products. It serves automotive, communications, computing, consumer, aerospace, defense, safety, security, medical, and industrial control markets. The company sells its products through a network of direct sales personnel and distributors in the Americas, Europe, and Asia. Microchip Technology Incorporated was founded in 1989 and is headquartered in Chandler, Arizona.

NXP Semiconductors N.V., a semiconductor company, provides high performance mixed signal and standard product solutions for radio frequency (RF), analog, power management, interface, security, and digital processing products worldwide. It offers products for audio and visual head-end unit applications, such as single-chip radio solutions, audio amplifiers and power analog products, and i.MX applications processors; and in-vehicle networking products, two-way secure entry products, and various sensors and microcontrollers, as well as power management solutions. The company also provides secure identification solutions comprising passive RF connectivity devices; microcontroller devices; and secure real-time operating system software products to facilitate the encryption-decryption of data, and the interaction with the reader infrastructure systems. In addition, it delivers semiconductor-based technologies for connected devices, including microcontrollers, as well as secure mobile transaction solutions and various connectivity solutions; and offers digital networking processors, secure interface and system management products, high-performance RF power-amplifiers, and smart antennae solutions. Further, the company provides standard semiconductor components, such as small signal discretes, power discretes, protection and signal conditioning devices, and standard logic devices. Its product solutions are used in a range of application areas, including automotive, identification, wireless infrastructure, lighting, industrial, mobile, consumer, computing, and software solutions for mobile phones. NXP Semiconductors N.V. markets its products to various original equipment manufacturers, original design manufacturers, contract manufacturers, and distributors. The company was formerly known as KASLION Acquisition B.V and changed its name to NXP Semiconductors N.V. in May 2010. NXP Semiconductors N.V. was founded in 2006 and is headquartered in Eindhoven, the Netherlands.

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