Bitcoin led the global cryptocurrency market back above $500 billion in market capitalization thanks to surprising news from The Goldman Sachs Group Inc. (NYSE: GS).
The banking giant plans to launch a Bitcoin trading desk, sponsoring different investment contracts that are tied to the price of Bitcoin. The bank hopes to eventually trade actual Bitcoin in the future.
The news has many bulls predicting that the crypto coin will easily return to its all-time high of around $20,000 before the end of 2018.
Here is a recap of the top five cryptocurrencies by market cap as of 2:00 p.m. EST.
Top Bank Stocks To Buy For 2019: Silicon Laboratories Inc.(SLAB)
Advisors' Opinion:- [By Steve Symington]
Silicon Laboratories�(NASDAQ:SLAB)�announced better-than-expected first-quarter 2018 results Wednesday morning. Revenue set another high mark this quarter on the strength of its Internet of Things (IoT) products and its burgeoning internet infrastructure business.�Silicon labs also recently closed on a key acquisition, and issued encouraging guidance.
- [By Stephan Byrd]
Stephens Investment Management Group LLC purchased a new stake in Silicon Labs (NASDAQ:SLAB) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 314,950 shares of the semiconductor company’s stock, valued at approximately $28,314,000. Stephens Investment Management Group LLC owned 0.73% of Silicon Labs at the end of the most recent reporting period.
Top Bank Stocks To Buy For 2019: vTv Therapeutics Inc.(VTVT)
Advisors' Opinion:- [By Stephan Byrd]
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- [By Money Morning News Team]
This week's top-performing penny stock was vTv Therapeutics Inc. (Nasdaq: VTVT). After dropping 65% on news that a clinical trial of the company's Alzheimer's medication failed, vTv's stock soared over 174%, closing last week at $2.08.
- [By Lisa Levin]
Check out these big penny stock gainers and losers
Losers Aceto Corporation (NASDAQ: ACET) fell 41.9 percent to $4.30 in pre-market trading. ACETO board disclosed that it is taking proactive steps to address business and financial challenges. Canaccord Genuity downgraded Aceto from Buy to Sell. Helios and Matheson Analytics Inc. (NASDAQ: HMNY) fell 25.3 percent to $2.86 in pre-market trading after reporting an ATM offering of $150 million. Pier 1 Imports, Inc. (NYSE: PIR) fell 17.4 percent to $2.86 in pre-market trading after reporting a fourth quarter sales miss. Comps were down 7.5 percent in the quarter. Sleep Number Corporation (NASDAQ: SNBR) fell 12.4 percent to $32.00 in pre-market trading following a first quarter earnings miss. Paratek Pharmaceuticals, Inc. (NASDAQ: PRTK) fell 10.2 percent to $11.90 in pre-market trading on news of $125 million convertible debt offering. Merrimack Pharmaceuticals, Inc. (NASDAQ: MACK) shares fell 8 percent to $8.02 in pre-market trading after dropping 2.02 percent on Wednesday. Exponent, Inc. (NASDAQ: EXPO) shares fell 5.6 percent to $80 in pre-market trading. Lumentum Holdings Inc. (NASDAQ: LITE) shares fell 4.8 percent to $60.00 in pre-market trading after rising 1.78 percent on Wednesday. vTv Therapeutics Inc. (NASDAQ: VTVT) fell 4.6 percent to $2.10 in pre-market trading after surging 84.87 percent on Wednesday. Taiwan Semiconductor Manufacturing Company Limited (NYSE: TSM) shares fell 4.5 percent to $40.07 in pre-market trading after the company reported Q1 results. Align Technology, Inc.. (NASDAQ: ALGN) fell 3.5 percent to $267.40 in pre-market trading after rising 1.61 percent on Wednesday. Transocean Ltd. (NYSE: RIG) shares fell 3.5 percent to $12 in pre-market trading after the company issued quarterly fleet status report. GoPro, Inc. (NASDAQ: GPRO) fell 3.2 percent to $4.90 in pre-market trading. Unilever PLC (NYSE: UL) fell 2.6 percent to $54.73 in pre-market
Top Bank Stocks To Buy For 2019: Century Casinos, Inc.(CNTY)
Advisors' Opinion:- [By Joseph Griffin]
ValuEngine upgraded shares of Century Casinos (NASDAQ:CNTY) from a hold rating to a buy rating in a report issued on Thursday.
Several other research firms have also recently issued reports on CNTY. Zacks Investment Research raised shares of Century Casinos from a sell rating to a hold rating in a research note on Tuesday, January 30th. TheStreet cut shares of Century Casinos from a b rating to a c+ rating in a research note on Friday, April 6th. Finally, BidaskClub cut shares of Century Casinos from a hold rating to a sell rating in a research report on Tuesday, February 6th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of Hold and a consensus target price of $11.00.
- [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.
Top Bank Stocks To Buy For 2019: Artisan Partners Asset Management Inc.(APAM)
Advisors' Opinion:- [By ]
Artisan Partners Asset Management (NYSE: APAM)
Another asset manager MLP that has piqued my interest, Artisan employs an organic, creativity-driven investment process managing money in the small-cap, mid-cap, value, and international equity spaces. All of the firm's investment management teams are afforded autonomy in pursuit of their particular investment discipline. At the end of 2017, assets under management (AUM) stood at $115.5 billion. At around $40.70 per unit, the stock is at the upper end of its 52-week range. However, on a forward P/E basis, APAM is still attractively priced with a forward P/E of 16.6, an 11% discount to the S&P 500. It also pays a 5.9% yield. - [By Ethan Ryder]
Synovus Financial Corp purchased a new stake in Artisan Partners Asset (NYSE:APAM) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 105,188 shares of the asset manager’s stock, valued at approximately $3,508,000. Synovus Financial Corp owned 0.14% of Artisan Partners Asset at the end of the most recent reporting period.
Top Bank Stocks To Buy For 2019: Simulations Plus, Inc.(SLP)
Advisors' Opinion:- [By Stephan Byrd]
Get a free copy of the Zacks research report on Simulations Plus (SLP)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Stephan Byrd]
Simulations Plus (NASDAQ:SLP) shares hit a new 52-week high and low during mid-day trading on Monday . The company traded as low as $18.55 and last traded at $18.35, with a volume of 49668 shares changing hands. The stock had previously closed at $18.20.
- [By Ethan Ryder]
Simulations Plus (NASDAQ:SLP) was upgraded by equities research analysts at ValuEngine from a “buy” rating to a “strong-buy” rating in a research report issued on Monday.
Top Bank Stocks To Buy For 2019: Corporate Office Properties Trust(OFC)
Advisors' Opinion:- [By Logan Wallace]
Media headlines about Corporate Office Properties Trust (NYSE:OFC) have been trending somewhat positive on Sunday, Accern Sentiment reports. Accern scores the sentiment of press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Corporate Office Properties Trust earned a news sentiment score of 0.12 on Accern’s scale. Accern also assigned news headlines about the real estate investment trust an impact score of 45.8310227240563 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
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