Flipside Crypto Grading Scheme Expands to CoinMarketCap, Others

Flipside Crypto, a Boston startup developing analytics for cryptocurrencies, has landed its main metric onto CoinMarketCap and other financial websites including MarketWatch, TheStreet and Stocktwits, the company says.

Founded in 2017, Flipside says its Fundamental Crypto Asset Score—FCAS for short—rates the health of blockchain-enabled currencies on a 1,000-point scale based on transaction data and the activity of developers working on open source projects associated with the coin. Scores on the FCAS scale rank the cryptocurrencies from Superb to Attractive, Basic, Caution, and finally Fragile.

The thirst for cryptocurrency analytics has not lessened in even in the wake of the fledging securities sector’s broad, steep declines in values over the summer. Another Boston data startup, CoinMetrics, raised $1.9 million in seed funding earlier this month to push its platform for institutional investors seeking financial and benchmark data for cryptocurrencies.

Flipside CEO Dave Balter says in a press release announcing the partnerships that “retail and institutional investors flock to these platforms to access sophisticated data about financial instruments and have been hungering for a way to better understand cryptocurrencies.”

He adds that the FCAS metric will give them an “easy-to-understand” data point to use beyond simply the price of a coin.

The Dow Jones-owned financial website MarketWatch displays a Top 10 list of cryptocurrencies based on Flipside’s FCAS. As of Monday afternoon, the list showed: EOS, Ethereum—both graded “Superb”—then Bitcoin, Tron, Ox, Cardano, Augur, Dash, Kin, and Decred—all graded “Attractive.”

In a press release, Dan Shar of MarketWatch says, “Our customers are thirsty for additional information for evaluating cryptocurrencies. It was an obvious win to provide FCAS data on our cryptocurrency pages.”

Last March, Flipside raised $3.4 million from True Ventures, The Chernin Group, Resolute Ventures, Boston Seed Capital, Converge, and Founder Collective. It added another $1 million from Coinbase Ventures, Digital

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Malaysia Stock Market May See Continued Support

The Malaysia stock market has tracked higher in back-to-back trading days, gathering more than 15 points or 1 percent along the way. The Kuala Lumpur Composite Index now rests just above the 1,690-point plateau and it’s tipped to open in the green again on Tuesday.

The global forecast for the Asian markets suggests mild upside on trade optimism and a bump in crude oil prices. The European markets were mixed and the U.S. bourses were up and the Asian bourses figure to split the difference.

The KLCI finished modestly higher on Monday following gains from the plantation stocks and a mixed picture from the financial shares.

For the day, the index advanced 10.40 points or 0.62 percent to finish at the daily high of 1,690.94 after moving as low as 1,681.36. Volume was 3.3 billion shares worth 1.9 billion ringgit. There were 455 decliners and 440 gainers.

Among the actives, Maxis surged 4.39 percent, while Tenaga Nasional soared 3.00 percent, Hartalega Holdings spiked 1.47 percent, Sime Darby jumped 1.40 percent, IHH Healthcare and Petronas Dagangan both climbed 1.21 percent, Axiata gathered 1.19 percent, Genting perked 1.15 percent, IOI Corporation advanced 1.10 percent, Digi.com accelerated 1.08 percent, Sime Darby Plantations added 0.99 percent, Dialog Group skidded 0.93 percent, Top Glove dropped 0.88 percent, Genting Malaysia added 0.29 percent, Maybank collected 0.21 percent, RHB Capital lost 0.17 percent, Kuala Lumpur Kepong rose 0.08 percent and CIMB Group, Public Bank and Petronas Chemicals were unchanged.

The lead from Wall Street is upbeat as stocks fluctuated on Monday but maintained a positive bias and finished higher.

The Dow added 65.23 points or 0.25 percent to 25,914.10, while the NASDAQ gained 25.95 points or 0.34 percent to 7,714.48 and the S&P 500 rose 10.46 points or 0.37 percent to 2,832.94.

The strength on Wall Street

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Stocks edge up ahead of Fed interest-rate decision

U.S. stocks edged modestly higher Monday as Wall Street awaited a decision this week by the Federal Reserve on whether the central bank would hold interest rates steady — as investors hope — or resume rate hikes.

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On Wednesday the Fed’s powerful rate-setting panel, known as the Federal Open Market Committee, is expected to announce an intention to not raise rates.

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In addition, the British central bank is also expected this week to hold its key interest rate steady.

Shares of Marriott International, which announced it would open 1,700 hotels in the next three years, rose on the news.

Boeing shares sank on inquiries from the Transportation and Justice Departments over the certification of its Max jets.

Word that the deadline for U.S.-China trade talks may be pushed back to June raised fresh worries about prospects for a deal.

Ticker Security Last Change %Chg I:DJI DOW JONES AVERAGES 25914.1 +65.23 +0.25% SP500 S&P 500 2832.94 +10.46 +0.37% I:COMP NASDAQ COMPOSITE INDEX 7688.527434 +57.62 +0.76%

Merger activity also helped the markets as officials of Germany’s two biggest banks, Commerzbank and Deutsche Bank, discussed a combination.

Fidelity National Information Services and Worldpay agreed to merge in a $35 million deal in the growing payments sector.

Ticker Security Last Change %Chg MAR MARRIOTT INTERNATIONAL INC. 124.96 +2.64 +2.16% BA BOEING COMPANY 372.28 -6.71 -1.77% CXO CONCHO RESOURCES INC. 107.23 +3.68 +3.55% NOV NATIONAL OILWELL VARCO INC. 28.12 +1.64 +6.19%

Oil prices rose, lifting shares of energy companies and oil services companies.

Asian equities closed higher, with Japan’s Nikkei 225 adding 0.62 percent, Hong Kong’s Hang Seng rising 1.37 percent and the Shanghai Composite surging 2.47 percent.

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In Europe, stocks were mixed with Germany’s DAX down 0.26 percent, France’s CAC 40

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Oil Prices Help Stocks to Close Higher Monday

The Dow Jones Industrial Average closed at 25,914.10 on Monday with a gain of 65.23 points or 0.25%. The S&P 500 closed at 2,832.94 for a gain of 10.46 points or 0.37%. The Nasdaq Composite closed at 7,714.48 for a gain of 25.95 points or 0.34%. The VIX Volatility Index was higher at 13.10 for a gain of 0.22 points or 1.71%.

Monday’s market movers

Energy stocks led gains on Monday as oil prices increased to their highest level since November. Prices were helped by comments from the Joint Ministerial Monitoring Committee of oil producers, which suggested OPEC could cancel its April ministerial meeting because of improved compliance with production cuts. Investors were also watching expectations for the Federal Reserve’s two-day March meeting, which begins tomorrow. In earnings news, Tilray (NASDAQ:TLRY) and Overstock (NASDAQ:OSTK) reported results. Tilray was down 0.36% with an after-market earnings report showing revenues beating estimates by $1.57 million. Overstock was down 5.67% after missing revenue and earnings per share estimates.

Economic reports affecting market trading included the following:

The NAHB Housing Market Index remained unchanged at 62 in March. The Treasury held auctions for three-month bills at a rate of 2.410% and six-month bills at a rate of 2.450%.

In the Dow Jones Industrial Average, the following stocks led gains:

Small-cap stocks

In small caps, the Russell 2000 closed at 1,563.93 for a gain of 10.39 points or 0.67%. The S&P 600 closed at 954.97 for a gain of 7.72 points or 0.81%. The Dow Jones Small-Cap Growth TSM Index closed at 9,907.75 for a gain of 65.34 points or 0.66%. The Dow Jones Small-Cap Value TSM Index closed at 9,599.58 for a gain of 56.67 points or 0.59%.

Other notable indexes

Other notable index closes included the S&P 400 Mid-Cap Index at 1,909.01 for

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Wall Street cierra con ganancias y el Dow Jones sube un 0,25 %

Wall Street cierra con ganancias y el Dow Jones sube un 0,25 %

Mar 18, 2019 (Agencia EFE via COMTEX) —

Nueva York, 18 mar (EFEUSA).- Wall Street cerró este lunes con ganancias y el Dow Jones de Industriales, su principal indicador, subió un 0,25 % pese a los descensos de Boeing y Facebook, con los mercados expectantes ante la próxima reunión de la Reserva Federal.

Al término de la sesión en la Bolsa de Nueva York, el Dow Jones sumó 65,23 puntos, hasta los 25.914,10, a la vez que el selectivo S&P 500 avanzó un 0,37 % o 10,46 unidades, hasta 2.832,94.

El índice compuesto Nasdaq, que agrupa a los principales grupos tecnológicos, progresó un 0,34 % o 25,95 puntos, hasta los 7.714,48 enteros.

La mayoría de los sectores ascendieron, encabezados por el energético (1,39 %), el de los bienes no esenciales (1,05 %) y el financiero (1,03 %), mientras que se deslizaron el de las comunicaciones (-0,80 %) y el inmobiliario (-0,51 %).

El parqué neoyorquino se mantuvo en verde casi toda la jornada, pese a breves incursiones del Dow Jones y el Nasdaq en terreno negativo.

El mercado se sobrepuso a las pérdidas de grandes corporativas como Boeing y Facebook gracias al impulso de otras firmas y a la expectación por la reunión de la Reserva Federal de esta semana, entre otros asuntos.

Boeing fue la compañía màs perjudicada del grupo del Dow Jones, con un retroceso del 1,80 %, tras conocerse el escrutinio al que la estàn sometiendo las autoridades de Estados Unidos por el segundo accidente de un avión Boeing 737 MAX 8 en menos de medio año, ocurrido el 10 de marzo en Etiopía.

Otra protagonista de la sesión fue Facebook, que descendió un 3,32 % en el Nasdaq después de que

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El Dow Jones sigue volando pese al lastre de Boeing

Mar 18, 2019 (Agencia EFE via COMTEX) — Nueva York, 18 mar (EFEUSA).- El Dow Jones de Industriales se anotó este lunes su cuarta jornada consecutiva de ganancias pese al lastre de la aeronàutica Boeing, la firma màs perjudicada en este mercado que, no obstante, siguió volando ante la expectativa de escuchar buenas noticias sobre política monetaria esta semana.

El Dow tuvo altibajos pero logró avanzar un 0,25 %, impulsado por la gigante tecnológica Apple (1,02 %), entre otras como Goldman Sachs (2,18 %), Unitedhealth (1,43 %) o Microsoft (1,39 %), que fortalecieron al grupo de las 30 mayores cotizadas de EE.UU. frente a la caída de uno de sus componentes màs importantes, Boeing (-1,77 %).

Los inversores se afanaron a comprar títulos de Boeing el viernes, tras días de retrocesos en reacción al accidente ocurrido en Etiopía en 10 de marzo con uno de sus aviones 737 MAX 8, el mismo que estuvo involucrado en el siniestro de Indonesia del pasado octubre, y que ha sido vetado por màs de medio centenar de países.

Pero este lunes los operadores apostaron por las ventas ante el escrutinio de EE.UU, que ha puesto en marcha una investigación sobre la aprobación por parte de la Administración Federal de Aviación (FAA) de esas aeronaves, mientras Boeing ultima una actualización del software de los aparatos.

Aún así fue un día generalmente bueno en Wall Street, que solo vio breves incursiones en terreno negativo del Dow y el Nasdaq, y finalmente registró progresos en los tres indicadores.

En el Nasdaq pesó Facebook (-3,32 %), que tuvo su mayor descenso en lo que va de año después de que los analistas rebajaran su atractivo bursàtil por su tratamiento de la privacidad y los mensajes cifrados, así como por un posible mayor control regulatorio.

Los mercados optaron

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Stocks – S&P 500 Ends Higher, Powered by Surge in Energy Stocks – Investing.com

© Reuters.

Investing.com – The S&P 500 closed higher Monday as gains in energy and consumer discretionary stocks helped offset falls in shares of Boeing and Facebook.

The rose 0.25%, the gained 0.38%, while the added 0.34%.

Wall Street got the week off to a modestly winning start powered by rising energy stocks as oil prices settled 1% higher after Saudi Arabia said it may need to extend oil supply cuts beyond June into the second half of 2019.

Rising consumer discretionary stocks added to gains in the broader market, led by Amazon.com (NASDAQ:), as the e-commerce giant’s planned second headquarters in northern Virginia won approval from local officials. A surge in shares of Caesars Entertainment (NASDAQ:) also firmed up consumer discretionaries amid reports the casino operator was in the early stages of exploring a merger with Eldorado Resorts (NASDAQ:).

The communications services sector was an exception to the generally buoyant mood as Facebook (NASDAQ:) fell 3.3% after a downgrade from Needham.

Needham cut its rating on the social media giant from buy to hold amid worries about the financial impact of the company’s pivot towards privacy and encrypted messages. Concerns about growing regulation risks weighed on the shares. The concern: More regulation could hamper the company’s ability to monetize its data.

The social media giant has seen its stock rebound 22% so far this year from the hammering it took in 2018, but remains some 27% below its 52-week high.

Boeing (NYSE:) cut some of its early losses, easing downside pressure on industrials, but the aerospace giant still ended the day 1.8% lower as French accident investigator BEA said the flight data recorder from the Ethiopian Airlines 737 Max’s black box showed “clear similarities” between the deadly crash on March 10 and a previous Boeing 737 Max crash

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Energies Lead Modest US Stock Gains

The Nasdaq composite added 25.95 points, or 0.3 percent, to 7,714.48. The Russell 2000 index of smaller-company stocks picked up 10.39 points, or 0.7 percent, to 1,563.93.

Major stock indexes in Europe finished mostly higher.

U.S. stocks have had a strong showing this year, with all the major indexes showing a gain of at least 11 percent.

One key to the recent rally has been the belief that the Federal Reserve will slow its pace of increases for interest rates. The worry in December was that the central bank would raise rates too fast in the face of a slowing global economy and choke off growth. The Fed will meet to discuss interest-rate policy this week, with an announcement scheduled for Wednesday, but economists expect it to announce no change to rates.

“The expectations are that the Fed won’t do anything in the first half of the year,” Stovall said.

Some economists say the Fed could release documents Wednesday that would suggest one rate increase in 2019, or possibly zero, after the Fed raised rates four times in 2018 and three times in 2017.

Perhaps more important is what the Fed says about its vast trove of bonds. The central bank bought trillions of dollars of bonds after the 2008 financial crisis to keep interest rates low and support markets, but it’s been slowly letting some roll off as they mature. Investors want to know how much the Fed will ultimately hold onto, and how long it will take to get there.

Monday’s upward swing in oil prices came after OPEC canceled a meeting that had been scheduled for next month. The move means that a production cut imposed by the oil cartel in January remains in place, at least until the cartel agrees to meet again.

Benchmark U.S. crude oil rose 1 percent to settle at $59.09 a barrel, while Brent crude gained 0.6 percent to close at $67.54 a barrel.

Energy stocks got a boost from the pickup in oil prices. National Oilwell Varco jumped 6.2 percent, Halliburton gained 3.2 percent and Marathon Petroleum rose 2.7 percent.

Investors also bid up shares in Worldpay after Fidelity National Information Services agreed to buy the payment processor for about $35 billion in stock and cash. Including Worldpay’s debt, Fidelity National valued the deal at $43 billion.

Worldpay’s U.S.-listed shares jumped 10 percent. Fidelity National, also called FIS, slipped 0.7 percent.

Edwards Lifesciences vaulted 6.2 percent for the biggest gain in the S&P 500 after it said patients in a trial using an expandable valve had better results than those who had standard open-heart surgery.

Boeing fell further as the investigation continues into two recent deadly crashes of its 737 Max 8 plane model. Preliminary information shows clear similarities between the two. The stock declined 1.8 percent, following its 10.3 percent loss last week.

Bond prices fell. The yield on the 10-year Treasury rose to 2.61 percent from 2.59 late Friday.

The dollar fell to 111.41 Japanese yen from 111.48 yen on Friday. The euro strengthened to $1.1338 from $1.1320.

Gold fell 0.1 percent to $1,301.50 an ounce, silver was little changed at $15.32 an ounce and copper added 0.1 percent to $2.91 a pound.

In other energy futures trading, wholesale gasoline climbed 1.4 percent to $1.88 a gallon, heating oil added 0.1 percent to $1.97 a gallon and natural gas picked up 2 percent to $2.85 per 1,000 cubic feet.

___

AP Business Writer Yuri Kageyama contributed from Tokyo.

(BE)

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Stock Market Overview – Energy Shares Outperform, Boeing Weighs on Dow Industrials

US stocks continued to rally on Monday, as the global stock rally continued to perpetuate. Stocks in Asia were higher led by a robust 2.47% rally in the Shanghai. The Heng Sang and the Nikkei were also higher which spilled over into Europe. The Dow Jones Industrial started the session in the red, and but rallied into positive territory despite pressure from headwinds generated by Boeing.  Federal US prosecutors are scrutinizing the developments with regard to the black box on the Boeing 737 that recently crashed in Ethiopia. FANG stocks were mixed, but a breakout in Amazon shares should help the broader market especially the discretionary sector.

Sectors were mixed on Monday with Energy and Financials leading the S&P 500 higher, while real-estate and Utilities were the worst performers. Facebook was downgraded on Monday and dropped 3.3%, as the digital advertising platform is changing as their platform has been diluted. The company is trying to figure out how to monetize there other platforms including Instagram and Whatsapp.

Energy Shares Continue to Rally Buoyed by Crude Oil

Energy shares were the best performing sector on Monday, led by a 1% rise in crude oil prices. WTI closed above $59 per barrel on Monday for the first time since November of 2018. Oil prices were buoyed by news that OPEC would hold off on changing their output until June. OPEC officials have been signaling that they would consider a change in April but now it appears to be too early to assess the actual impact of the sanctions on Venezuela and the U.S. policy on the waivers for Iranian oil customers after the current waivers expire in early May.

Boeing Continues to Face Negative Headlines

Federal prosecutors and Department of Transportation officials are investigating the development of Boeing 737 MAX jetliners.

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