Archives for December 2016

December 2016 - Page 6 of 25 - Money Morning - Only the News You Can Profit From

Bitcoin Price Predictions and 2017 Forecasts from 11 Top Influencers

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With Bitcoin coming off a strong showing in 2016, several key influencers in the digital currency community have put forward very optimistic Bitcoin price predictions.

To get a sense of where Bitcoin stands heading into 2017, Money Morning asked nearly a dozen top members of the Bitcoin community what they expected from 2017.

That includes their Bitcoin price predictions.

Some of these Bitcoin forecasts are well in excess of $1,000...

Maybe We Should Call These "Elaine Chao Stocks"

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My colleagues have been busy making lists of "Donald Trump stocks."

I've done some of that myself.

But maybe we should rethink that a little.

Trump has said he plans to act more like a chairman of the board, while Vice President-elect Mike Pence and the cabinet handle the nitty-gritty of government.

So maybe we should be talking about "Elaine Chao stocks"…

After all, Trump's pick for secretary of transportation will head up much of the president-elect's $1 trillion infrastructure improvement plan.

But more importantly to our interests here, she'll be in charge of regulating self-driving vehicle technology.

If Chao's history as deputy secretary of transportation under George H.W. Bush and secretary of labor under George W. Bush repeats itself, that's good news, because she's known for a light regulatory hand.

To us, that means public companies in the self-driving space are likely to see a big boost in share price over the next four years.

Especially the one we're looking at today.

You can already find its "pre"-autonomous driving technology in many of the most prestigious nameplates.

Its technology is the force behind two of the most "public" driverless car tests over the past couple of years.

And its shares are primed to soar as much as 40% in the next year alone.

Let's take a closer look at this "Elaine Chao stock"...