Symbol Stock Price change today
HDSN Hudson Technologies, Inc. 4.223%
CBPO China Biologic Products Inc 2.8887%
AYI Acuity Brands, Inc. 2.2651%
UA Under Armour Inc 1.9565%
REGN Regeneron Pharmaceuticals Inc 1.6877%
SAM Boston Beer Company Inc 1.6728%
LULU Lululemon Athletica inc. 1.1723%
NVDA NVIDIA Corporation 1.1113%
EXR Extra Space Storage, Inc. 0.7896%
STZ Constellation Brands, Inc. 0.7596%
TRN Trinity Industries Inc 0.7244%
AMZN Amazon 0.719%
MIDD Middleby Corp 0.568%
ALXN Alexion Pharmaceuticals, Inc. 0.3704%
SUI Sun Communities Inc 0.3695%
MCK McKesson Corporation 0.2903%
GWR Genesee & Wyoming Inc 0.2431%
ALGN Align Technology, Inc. 0.1882%
ULTA Ulta Beauty Inc 0.1812%
MNST Monster Beverage Corporation 0.1098%
BWLD Buffalo Wild Wings 0.032%
MRK Merck & Co., Inc. -0.0355%
TMO Thermo Fisher Scientific Inc. -0.042%
HOG Harley-Davidson Inc -0.135%
HSKA Heska Corp -0.1482%
THRM Gentherm Inc -0.1553%
MET Metlife Inc -0.1773%
LNCE Snyder’s-Lance Inc -0.2389%
SBUX Starbucks Corporation -0.2792%
GOOGL Alphabet Inc -0.2816%
EW Edwards Lifesciences Corp -0.2934%
IDXX IDEXX Laboratories, Inc. -0.3679%
HZO MarineMax Inc -0.5051%
ADS Alliance Data Systems Corporation -0.5357%
CVCO Cavco Industries, Inc. -0.538%
COF Capital One Financial Corp. -0.5771%
GTN Gray Television, Inc. -0.5797%
FB Facebook Inc -0.6828%
MEI Methode Electronics Inc. -0.7407%
ABMD ABIOMED, Inc. -1.0958%
PCLN Priceline Group Inc -1.1232%
NFLX Netflix, Inc. -1.1477%
DPZ Domino’s Pizza, Inc. -1.2962%
CRUS Cirrus Logic, Inc. -1.5655%
SWKS Skyworks Solutions Inc -1.9264%
AMAT Applied Materials, Inc. -1.9401%
BABA Alibaba Group Holding Ltd -2.2463%
AAPL Apple Inc. -2.537%

Morgan Stanley analyst James Faucette and his team sent a research note to clients a few days ago suggesting that the real value of bitcoin might be … $0.

That’s zero dollars. (Bitcoin stood at around $14,400 at the time of writing.)

The paper (titled “Bitcoin decrypted”) did not give a price target for bitcoin.

But in a section titled “Attempts to Value Bitcoin,” Faucette described why it is so hard to ascribe value to the cryptocurrency. It’s not like a currency, it’s not like gold, and it has had difficulty scaling. He concluded:

• Very difficult question to answer, but some points to consider

• Can Bitcoin be valued like a currency? No. There is no interest rate associated with Bitcoin.

• Like digital gold? Maybe. Does not have any intrinsic use like gold has in electronics or jewelry. But investors appear to be ascribing some value to it.

• Is it a payment network? Yes but it is tough to scale and does not charge a transaction fee.

• Bitcoin average daily trading volume of $3bn (last 30 days) vs $5.4 trillion in the FX market.

• Est. <$300mn in daily purchase volume vs. $17bn for Visa.

“If nobody accepts the technology for payment then the value would be 0,” Faucette suggested.

Of course, even if bitcoin can’t be used to buy goods it is still largely exchangeable for fiat currency.

Source: Morgan Stanley on bitcoin: ‘the value would be 0’ – Business Insider

Stock ticker Stock name Last Close Recommendation
AAPL Apple Inc. $175.0100 Strong Buy or Hold
ABMD ABIOMED, Inc. $191.6400 Very Concerned, may need to wait
ADS Alliance Data Systems Corporation $251.9900 Strong Buy or Hold
ALGN Align Technology, Inc. $223.1200 Very Concerned, may need to wait
ALXN Alexion Pharmaceuticals, Inc. $118.7800 Strong Buy or Hold
AMAT Applied Materials, Inc. $52.0600 Very Concerned, may need to wait
AMZN Amazon $1168.3600 Very Concerned, may need to wait
AYI Acuity Brands, Inc. $172.1800 Strong Buy or Hold
BABA Alibaba Group Holding Ltd $176.2900 Some Concerns, may need to wait
BWLD Buffalo Wild Wings $156.2500 Very Concerned, may need to wait
CBPO China Biologic Products Inc $79.6200 Possible Buy or Hold, but some concerns
COF Capital One Financial Corp. $100.5000 Strong Buy or Hold, but there are some concerns
CRUS Cirrus Logic, Inc. $52.3800 Possible Buy or Hold, but some concerns
CVCO Cavco Industries, Inc. $148.7000 Possible Buy or Hold, but some concerns
DPZ Domino’s Pizza, Inc. $192.8700 Strong Buy or Hold
EW Edwards Lifesciences Corp $112.4900 Very Concerned, may need to wait
EXR Extra Space Storage, Inc. $86.1200 Very Concerned, may need to wait
FB Facebook Inc $177.2000 Very Concerned, may need to wait
GOOGL Alphabet Inc $1068.8600 Concerned, but watch close as good things may happen soon
GTN Gray Television, Inc. $17.2500 Strong Buy or Hold
GWR Genesee & Wyoming Inc $78.1500 Very Concerned, may need to wait
HDSN Hudson Technologies, Inc. $5.9200 Strong Buy or Hold
HOG Harley-Davidson Inc $51.8400 Concerned, but watch close as good things may happen soon
HSKA Heska Corp $80.9800 Some Concerns, may need to wait
HZO MarineMax Inc $19.8000 Very Concerned, may need to wait
IDXX IDEXX Laboratories, Inc. $157.6500 Very Concerned, may need to wait
LNCE Snyder’s-Lance Inc $50.2400 Strong Buy or Hold, but there are some concerns
LULU Lululemon Athletica inc. $78.4800 Strong Buy or Hold, but there are some concerns
MCK McKesson Corporation $158.4400 Very Concerned, may need to wait
MEI Methode Electronics Inc. $40.5000 Very Concerned, may need to wait
MET Metlife Inc $50.7600 Very Concerned, may need to wait
MIDD Middleby Corp $132.0400 Concerned, but watch close as good things may happen soon
MNST Monster Beverage Corporation $63.7700 Very Concerned, may need to wait
MRK Merck & Co., Inc. $56.3600 Strong Buy or Hold
NFLX Netflix, Inc. $189.9400 Possible Buy or Hold, but some concerns
NVDA NVIDIA Corporation $195.2700 Possible Buy or Hold, but some concerns
PCLN Priceline Group Inc $1775.2600 Strong Buy or Hold
REGN Regeneron Pharmaceuticals Inc $381.0000 Very Concerned, may need to wait
SAM Boston Beer Company Inc $191.3000 Concerned, but watch close as good things may happen soon
SBUX Starbucks Corporation $57.3000 Very Concerned, may need to wait
STZ Constellation Brands, Inc. $223.8100 Strong Buy or Hold
SUI Sun Communities Inc $92.0200 Very Concerned, may need to wait
SWKS Skyworks Solutions Inc $97.0700 Some Concerns, may need to wait
THRM Gentherm Inc $32.2000 Very Concerned, may need to wait
TMO Thermo Fisher Scientific Inc. $190.4200 Concerned, but watch close as good things may happen soon
TRN Trinity Industries Inc $37.2700 Concerned, but watch close as good things may happen soon
UA Under Armour Inc $13.8000 Strong Buy or Hold
ULTA Ulta Beauty Inc $226.2700 Strong Buy or Hold