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Those who cared to invest in one of the most obscure financial assets at the beginning of 2017 laughed their way to the bank at the end of the year. Most digital currencies made heady gains for the year, with bitcoin advancing 1,308 percent. XRP, the Ripple token currency, was up an even. Read More. ....
Morgan Stanley: Another everything quarter Morgan Stanley analysts, led by Brian Nowak, CFA, were pleased with Amazon s results on Tuesday. The firm said Amazon s core retail business continues to benefit from and drive the global e-commerce inflection. The analysts added that they believe the Street is underestimating the scalability of Amazon s model and that they expect upward profit revisions even if revenue from the main e-commerce business decelerates post-pandemic. Morgan Stanley s model has Amazon reaching $102 billion in adjusted EBITDA by 2022. Analysts at the firm also touched on Jeff Bezos exit, saying they believe investors might react negatively, but they aren t as worried. ....