Archive for December, 2018
When we spoke on Tuesday, I noted that blockchain technology is an unstoppable force set to disrupt industries around the world.
In particular, I said investors should look beyond cryptocurrencies to understand blockchain’s enormous potential.
We’re talking about technology that, I believe, could affect $8 trillion in global transactions. And I actually think that’s a conservative estimate.
See, the world’s total GDP runs at around $80 trillion a year. And blockchain tech could eventually underpin all of that buying and selling.
But I’m only assuming blockchain grabs a 10% market share of systems that are rapidly becoming archaic.
Here’s the thing. As amazing as it sounds, trillions of dollars in trade each year still relies on paper-based contracts or, frankly, old computer networks.
Thanks in part to blockchain technology, that’s all about to change. In a big way.
That’s why today, I want to show you four industries where blockchain technology could add security, transparency and greatly reduce business costs – and bolster the bottom line for the innovative firms using this technology.
This is the kind of “strategic info” that could make you look smart at your office Christmas party or next family gathering.
Better yet, put it to use wisely, it could help you pinpoint your next few triple-digit winners – and that’ll be even more fun to share with friends and family.
So check it out…
I can’t tell you how thrilled I was to hear from my friend Frank Holmes.
For those of you who don’t know him, Frank has won numerous awards and accolades as the CEO and Chief Investment Officer at U.S. Global Investors, Inc. (Nasdaq:GROW).
It’s a boutique investment management firm specializing in actively managed equity and bond strategies. Frank and his company also are some of the savviest folks in the world when it comes to metals and mining.
That’s the reason I started following his career in the first place. Fact is, I have been involved with strategic metals and minerals most of my adult life.
Turns out, Frank and I have one more thing in common. Both of us are big believers in the disruptive power of blockchain technology. Indeed, Frank and his associates recently interviewed me for a profile that I republished, and which you can access here.
In particular, Frank’s editors wanted to get my take on where the blockchain is headed.
It’s not much of a surprise, really, as many folks we chat with here also have questions of their own about what blockchain technology is, and what it represents in terms of its profit potential.
That’s why today I’m going to fill you in on what Frank and I discussed in the interview.
And I’ll go further and explain what I see as the big opportunities that lie ahead with blockchain tech…
Check it out…
Big news this morning – and I hope you’re hearing it from me first.
As I’ve been predicting since I first started covering the field in late 2016, Big Tobacco is diving head first into legal cannabis.
Altria Group Inc. (NYSE:MO), maker of Marlboro cigarettes and other major brands, said early today that it’s taking a $1.8 billion, 45% equity stake in Canadian cannabis leader Cronos Group Inc. (Nasdaq:CRON). Plus, Altria has the option to take over Cronos through 55% ownership over the next four years.
The “bigness” of this news is evident in the price Altria paid: $12.14 per share – an 18% premium over Cronos’ stock price as of Thursday, and approaching the stock’s all-time high of $15.30.
And it’s evident in how Cronos absolutely skyrocketed on the news. As I write this, the Toronto-based firm’s stock is already up more than 25% for the day.
Altria’s dive into pot makes sense, of course. Its long-running global experience in the highly regulated tobacco industry is going to come in handy for an internationally oriented cannabis firm like Cronos, which has operations not just in Canada, but also in Colombia, Germany, Poland, Israel and Australia.
And Cronos should supply a nice shot-in-the-arm for Altria, which, like all tobacco firms, has been hit hard by public health laws and anti-tobacco campaigns. It no doubt hopes the Cronos deal will help turn the tide.
As for what happens from here – to Cronos and the rest of the legal cannabis industry we follow so closely here – no one can say for sure.
The other day, I grabbed the opportunity to sit down with the CEO and Chief Investment Officer at U.S. Global Investors, Inc. (Nasdaq:GROW), Frank Holmes.
His firm specializes in actively managed equity and bond strategies. And the folks at U.S. Global Investors are highly astute in the metals and mining sectors as well.
Frank and his team wanted to interview me to get my take on where the technology, cannabis and blockchain sectors are headed. And they’ve kindly allowed us to publish the piece that resulted from our interview.
It’s got some important details about where I see the investment opportunities lie ahead for these industries, so I’ve decided re-publish the article here for you today.
Check it out…
Early yesterday morning, Canadian cannabis firm Cronos Group Inc. (Nasdaq:CRON). was up an astounding 25% in mere hours.
At open yesterday morning, Cronos was trading around $9.25. By noon, it has reached $11.63.
So why the sudden pop?
Well, the rumor mill has been swirling lately, and sources say that Altria Group Inc. (NYSE:MO), maker of Marlboro cigarettes, is looking to make a deal to buy Cronos.
This deal, if real, is still in the very early stages, would make Altria a major legal cannabis player.
When we spoke on Nov. 27, I suggested you invest in The Boeing Co. (NYSE:BA) as a play on the boom in Asian air travel.
Ordinarily, I would not come right back so quickly and tell you to take a look at another aerospace stock. But that’s exactly what I’m doing today.
And for a very good reason. See, just last week, NASA made another historic landing on the surface of Mars.
After a journey that took seven months and covered 301 million miles, the NASA Insight lander touched down and got right to work by beaming down a picture of the red planet.
That photograph is only the beginning. The robotic craft will spend the next two years gathering and transmitting important data back to Earth.
Doing so will reap insight about the geography and history of the planet. It will help scientists better understand the planet’s long-term climate, and why water no longer exists on the surface there.
It’s fascinating work. But there’s more happening here than simply compiling and analyzing enormous swaths of planetary data, much more.
That’s why today, I want to let you know about the big-cap aerospace leader that played a pivotal role in Insight’s successful landing. And why this firm is poised for long-term appreciation…
Check it out…
In Pennsylvania, it’s been 26 years since the last legal bet was placed on a game, play, or point spread.
That is, until two weeks ago.
On November 15, a local resident walked into the Hollywood Casino at Penn National near Harrisburg and put $20 on the Pittsburgh Steelers to win the 2018 Super Bowl.
Of course, it’s too early to tell how his bet will fare.
But it’s not too early to see the excitement surrounding the newest addition to casinos.
You see, this isn’t the pen-and-paper operation at the corner candy store where your father used to place his bets at. Gamblers log their bets at high-tech kiosks, without ever talking to a person, saving time and minimizing mistakes.
There are additional kiosks where patrons can customize their screens, so they’re only watching the games they choose. The screen shows in-play odds, and wagers can be placed directly onto the screen.
Three more Pennsylvania casinos are preparing to open their sportsbooks in the next few weeks.
Fact is, it’s never been easier to bet on sports.