Many see blockchain as the technology of the future and that has created an amazing buzz around the sector. Similar to what happened in the 1990s, it is sufficient for a company to add blockchain to its name to see its stock spike up and interest rise. However, before investing, you should really look what is actually behind a stock and its exuberant name or behind the usage of a trendy word like "blockchain."
I discuss three stocks that are all related to blockchain but have different ways of approaching it. Hive Blockchain Technologies (OTCPK:PRELF) is a coin miner with facilities in Island and Sweden where it uses cheap energy to mine coins, mostly Ethereum. Interesting company with an even more interesting ownership structure and related party transactions.
Gain Capital Holdings (NYSE:GCAP) is a forex platform that recently announced the possibility of Bitcoin trading. The announcement pushed the stock price up more than 30%.
The third stock is Xinyuan Real Estate (NYSE:XIN), and it has a blockchain option that is perhaps the most serious of these three.
Top Energy Stocks To Watch For 2018: OGE Energy Corporation(OGE)Advisors' Opinion:
- [By Logan Wallace]
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- [By Ethan Ryder]
SG Americas Securities LLC increased its position in OGE Energy Corp. (NYSE:OGE) by 24.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 54,097 shares of the utilities provider’s stock after buying an additional 10,617 shares during the quarter. SG Americas Securities LLC’s holdings in OGE Energy were worth $1,773,000 at the end of the most recent reporting period.
Top Energy Stocks To Watch For 2018: Xenia Hotels & Resorts, Inc.(XHR)Advisors' Opinion:
- [By Shane Hupp]
Chicago Equity Partners LLC reduced its position in shares of Xenia Hotels & Resorts (NYSE:XHR) by 2.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 330,625 shares of the real estate investment trust’s stock after selling 9,325 shares during the quarter. Chicago Equity Partners LLC owned 0.31% of Xenia Hotels & Resorts worth $6,520,000 as of its most recent SEC filing.
- [By Ethan Ryder]
MGM Resorts International (NYSE: MGM) and Xenia Hotels & Resorts (NYSE:XHR) are both consumer discretionary companies, but which is the superior investment? We will contrast the two businesses based on the strength of their institutional ownership, dividends, analyst recommendations, earnings, risk, profitability and valuation.
- [By Shane Hupp]
LSV Asset Management lifted its stake in Xenia Hotels & Resorts (NYSE:XHR) by 18.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,446,848 shares of the real estate investment trust’s stock after acquiring an additional 679,100 shares during the quarter. LSV Asset Management owned approximately 4.16% of Xenia Hotels & Resorts worth $87,691,000 as of its most recent filing with the Securities and Exchange Commission.
Top Energy Stocks To Watch For 2018: Patterson-UTI Energy, Inc.(PTEN)Advisors' Opinion:
- [By Stephan Byrd]
Thrivent Financial for Lutherans increased its stake in Patterson-UTI (NASDAQ:PTEN) by 31.8% during the 1st quarter, Holdings Channel reports. The firm owned 3,073,057 shares of the oil and gas company’s stock after purchasing an additional 741,573 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Patterson-UTI were worth $53,810,000 at the end of the most recent reporting period.