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Lightning Lap Dances? Vegas Strip Club Now Accepts Bitcoin Payments  

Lightning Lap Dances? Vegas Strip Club Now Accepts Bitcoin Payments  

A strip club in Las Vegas is now accepting bitcoin payments using the Lightning Network. It’s intended to enable faster transactions among guests and dancers as payments…

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Lightning Lap Dances? Vegas Strip Club Now Accepts Bitcoin Payments  

A strip club in Las Vegas is now accepting bitcoin payments using the Lightning Network. It's intended to enable faster transactions among guests and dancers as payments will be processed on a "layer 2" payment protocol designed to be layered on top of blockchain-based cryptocurrencies such as bitcoin.

The legendary Crazy Horse 3 is the first strip club to use the Lightning Network. The club partnered with payment processor OpenNode, which enables guests to purchase "VIP bottle packages with Bitcoin online," the club's website states. 

Guests will also be able to purchase admission tickets, buy food and drinks, and tip entertainers. 

The Lightning Network is reportedly a much better system than cash or card because payments are quick, secure, and private. That assumption will soon be tested.

Crazy Horse 3 publicist Lindsay Feldman of BrandBomb Marketing said the strip club is "committed to innovating the modern-day guest experience and as leaders of the Las Vegas entertainment industry. We are embracing the opportunity to accept Bitcoin as a way to deliver convenience, first-class hospitality, and an added level of anonymity for our guests." 

"The club's partnership with OpenNode allows us to cater to our tech savvy customers' needs by offering an innovative form of payment that's both seamless and secure. With the new Allegiant Stadium just feet away from our front door, this crypto power move allows us to give our customers, including global travelers flying in for conventions, concerts and sporting events, more purchasing power," Feldman said. 

In a piece called "The Future Of Adult Entertainment: Strippers Now Accept Bitcoin Via QR-Tattoos," we noted how strippers in early 2018 were quickly adopting crypto payments. This dramatically increased during the virus pandemic as studies showed upwards of 3,000 different types of bacteria could survive on paper money.

Tyler Durden Fri, 07/23/2021 - 23:20

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Colgate-Palmolive Stock Gets Squeaky-Clean Appraisal

Home goods maker Colgate-Palmolive (CL) got a boost on Sunday, as Deutsche Bank offered some positive commentary on the stock. The shift makes Colgate-Palmolive just a little more attractive. The
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Home goods maker Colgate-Palmolive (CL) got a boost on Sunday, as Deutsche Bank offered some positive commentary on the stock.

The shift makes Colgate-Palmolive just a little more attractive. The combination of past performance, and a surprising extra feature, leaves me fairly bullish on Colgate-Palmolive overall.

Colgate-Palmolive's year has been fairly moderate so far. For most of the year, Colgate-Palmolive's share price has remained in a tight range between $76 and $84.

There have been a few breakouts above $84, but these seldom lasted long. One pronounced dip back in late February/early March kept the price below $76 for a while, but even here, it never got much lower than $74 for a closing price. (See Colgate-Palmolive stock charts on TipRanks)

Deutsche Bank analysts noted that many of Colgate-Palmolive's troubles are already priced into the stock. This is particularly true for inflation, an increasing concern worldwide.

Most investors, analysts noted, are focused tightly on issues of costs for companies like Colgate-Palmolive. Perhaps too tightly, Deutsche Bank's Steve Powers noted. Powers additionally noted that the improved focus on growth at Colgate-Palmolive isn't as appreciated as it should be.

Thus, Deutsche Bank not only hiked its recommendation (to a Buy from a Hold), but also its price target, going from $84 per share to $86 per share.

Wall Street's Take

Wall Street consensus analysis calls Colgate-Palmolive a Hold. This assessment has changed several times in the last year. As recently as September 2, Colgate-Palmolive was considered a Moderate Buy, which changed from being a Hold back on April 1.

Out of the nine analysts giving 12-month price targets on Colgate-Palmolive in the last three months, two consider the company a Buy, while seven call it a Hold.

The average Colgate-Palmolive price target is in a very narrow range. The current average price target is $88, which represents upside potential of 14.9%.

An Unexpected Income Champ

The overwhelming majority of analysts right now call Colgate-Palmolive a Hold, and with good reason.

Looking for Colgate-Palmolive to be a winner among growth stocks is about like looking for a rock to win the Kentucky Derby. The past year shows minimal movement in the company's share price overall. That's not great for anyone looking for growth value. For those looking for a safe, secure income stock, however, Colgate-Palmolive may be a winner.

A look at Colgate-Palmolive's dividend history shows an exciting upward trend. The company has raised its dividend every year for the last five years, and then some. Never by very much, granted.

Considering that we just went through a pandemic, a company that's hiking its dividend, even by cents per share, is a welcome sight.

Concluding Views

There's no doubt Colgate-Palmolive benefited from the pandemic, and the stock-up frenzy that followed. There's also no doubt that that benefit is gone now, as most of the world re-opens. Yet the need for soaps, toothpaste, and the like will never truly go away.

This consistent demand should make Colgate-Palmolive stock an attractive prospect for some time to come. Its regular — and regularly raised — dividend only sweetens an already attractive pot.

Disclosure: At the time of publication, Steve Anderson did not have a position in any of the securities mentioned in this article.

Disclaimer: The information contained in this article represents the views and opinion of the writer only, and not the views or opinion of TipRanks or its affiliates, and should be considered for informational purposes only. TipRanks makes no warranties about the completeness, accuracy or reliability of such information. Nothing in this article should be taken as a recommendation or solicitation to purchase or sell securities. Nothing in the article constitutes legal, professional, investment and/or financial advice and/or takes into account the specific needs and/or requirements of an individual, nor does any information in the article constitute a comprehensive or complete statement of the matters or subject discussed therein. TipRanks and its affiliates disclaim all liability or responsibility with respect to the content of the article, and any action taken upon the information in the article is at your own and sole risk. The link to this article does not constitute an endorsement or recommendation by TipRanks or its affiliates. Past performance is not indicative of future results, prices or performance.

The post Colgate-Palmolive Stock Gets Squeaky-Clean Appraisal appeared first on TipRanks Financial Blog.

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Zoom-ing in on the Strengths and Threats of Zoom

Shares of video-communications provider Zoom (ZM) have plunged around 20% since it released its second-quarter fiscal 2022 results on August 30, pulling down the valuation of its impending all-stock acquisition
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Shares of video-communications provider Zoom (ZM) have plunged around 20% since it released its second-quarter fiscal 2022 results on August 30, pulling down the valuation of its impending all-stock acquisition of Five9.

Putting it into context, Zoom had inked a definitive acquisition agreement with Five9 back in July this year. Five9’s software products for contact centers, such as workforce management, speech recognition, predictive dialer, etc., are offered through a virtual contact center cloud platform, enabling inbound and outbound customer interactions in a single platform.

The deal is expected to close in the first half of calendar year 2022, helping Zoom penetrate the $24 billion global contact center market. If the acquisition materializes, Five9’s CCaaS (contact center as a service) solution will be integrated with Zoom’s broad communications platform.

However, the acquisition has a few hurdles to overcome, due to which I have a neutral stance on the stock. Needham analyst Ryan Koontz, who has been closely following Zoom’s developments for the past few weeks, identified a few key possibilities that can dampen the company’s growth efforts in the near future, and some upsides that may mitigate those risks.

For starters, the majority of Five9 shareholders are not too happy with the deal, and may either straight-out vote against the acquisition later this month, or make more demands. However, Koontz sees a possibility that Zoom might offer Five9 shareholders a mix of stock and cash worth around the original implied value of $200 per share. This might turn around the negative investor sentiment.

Koontz believes Five9 to be the only pure-play enterprise CCaaS company in the world, and its acquisition intention demonstrates that Zoom is looking at acquiring “adjacent-product, growth companies with well-established enterprise channels."

Again, although Zoom has displayed excellent efficiency and execution during the pandemic, one trend concerns the analyst. Koontz stated, “We are concerned that the growth at the low end, namely pro-sumer and small business customers, outpaced the expansion of the company's mid-market and enterprise business.” This low-end of the market typically sees a high level of customer churn, and may pose as a headwind before Zoom can grow its Events and Platform sales.

“We choose to wait for better insights into post-pandemic and new product trends before getting more constructive on the stock,” explained Koontz, maintaining his Hold rating on the stock.

Koontz notes that there is a likelihood of Zoom shifting its focus from the contact center to its new Events strategy. He believes that the company can achieve scale in this area by taking the path of strategic acquisitions.

“We view the events industry as highly complex and a key area where Zoom could benefit from acquiring complementary, non-video centric products, staff, and industry know-how to more quickly establish the deep ecosystem required for enterprise-scale events,” he said, pointing at the announcement of a possible investment in event marketing and management company Cvent.

Notably, Koontz looks at Cvent as a more favorable acquisition candidate for Zoom, as against virtual events companies Kaltura (KLTR) or On24 (ONTF), which are not as advanced in enterprise channel development as Cvent.

The consensus rating for Zoom is a Moderate Buy, based on 10 Buys and 8 Holds. The average Zoom price target of $375.85 indicates an upside potential of 35.08%.

To find good ideas for stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a tool that unites all of TipRanks’ equity insights.

Disclosure: At the time of publication, Chandrima Sanyal did not have a position in any of the securities mentioned in this article.

Disclaimer: The information contained in this article represents the views and opinion of the writer only, and not the views or opinion of TipRanks or its affiliates, and should be considered for informational purposes only. TipRanks makes no warranties about the completeness, accuracy or reliability of such information. Nothing in this article should be taken as a recommendation or solicitation to purchase or sell securities. Nothing in the article constitutes legal, professional, investment and/or financial advice and/or takes into account the specific needs and/or requirements of an individual, nor does any information in the article constitute a comprehensive or complete statement of the matters or subject discussed therein. TipRanks and its affiliates disclaim all liability or responsibility with respect to the content of the article, and any action taken upon the information in the article is at your own and sole risk. The link to this article does not constitute an endorsement or recommendation by TipRanks or its affiliates. Past performance is not indicative of future results, prices or performance.

The post Zoom-ing in on the Strengths and Threats of Zoom appeared first on TipRanks Financial Blog.

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Intel Stock: Deep Value Hidden in Plain Sight?

It’s been a gruelling past few years for Intel (INTC) stock, which really lost a step to the competition. Playing a game of catch-up in the technology industry, or not
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It's been a gruelling past few years for Intel (INTC) stock, which really lost a step to the competition.

Playing a game of catch-up in the technology industry, or not being on the absolute cutting-edge, may not be the best place to be as an investor. It is worth noting, however, that Intel stock has modest expectations priced in, with a relatively low bar ahead of it.

Intel has made moves to keep the company moving forward amid continued COVID-19 pressures. Still, I'm inclined to remain neutral on shares, as the competitive landscape looks quite harsh. (See INTC stock charts on TipRanks)

Competitive pressures could really pick up over the coming years, as AMD (AMD) continues to gain momentum, while other tech giants, such as Apple (AAPL), opt to ditch Intel CPUs to build their own.

Undoubtedly, the main reason to scoop up Intel is for its dirt-cheap multiple. A depressed price-to-earnings multiple (Intel shares trade at 12.1 times trailing earnings) doesn't mean much if there's no ambitious game plan, or a competent management team to pull off such a plan, though.

Fortunately, new Intel CEO Patrick Gelsinger may have what it takes to get Intel back to the cutting edge.

Intel's Plan

After fluctuating for years around a fairly wide channel of consolidation, Intel needs a spark.

The company has a roadmap that could bring the company back to the top as soon as 2025. In late July, Intel shed more light on its plans. It included some pretty eyebrow-raising innovations. Even if Intel can't re-gain the lead in four years, it can still close the gap in a big way.

When it comes to CPUs, it seems like a race to the bottom in terms of the nanometer process. With Apple's 5nm M1 chips already on the market, Intel's 10nm chips don't look too hot.

However, such numbers don't tell the whole story. Intel's 10nm chips still hold up well against AMD's 7nm chips.

Wall Street's Take

According to TipRanks’ consensus analyst rating, INTC stock comes in as a Hold. Out of 26 analyst ratings, there are nine Buys, 10 Holds, and seven Sells.

The average INTC price target is $61.14. Analyst price targets range from a low of $40 per share, to a high of $85 per share.

Bottom Line

With a 2.6% dividend yield, Intel is one of those contrarian value stocks that will reward investors for their patience.

With a compelling roadmap, there is a pathway for Intel to get back to where it was: a dominant behemoth in the hardware space.

Whether management can push Intel to walk that path is another question entirely.

Disclosure: Joey Frenette owned shares of Apple at the time of publication.

Disclaimer: The information contained in this article represents the views and opinion of the writer only, and not the views or opinion of TipRanks or its affiliates, and should be considered for informational purposes only. TipRanks makes no warranties about the completeness, accuracy or reliability of such information. Nothing in this article should be taken as a recommendation or solicitation to purchase or sell securities. Nothing in the article constitutes legal, professional, investment and/or financial advice and/or takes into account the specific needs and/or requirements of an individual, nor does any information in the article constitute a comprehensive or complete statement of the matters or subject discussed therein. TipRanks and its affiliates disclaim all liability or responsibility with respect to the content of the article, and any action taken upon the information in the article is at your own and sole risk. The link to this article does not constitute an endorsement or recommendation by TipRanks or its affiliates. Past performance is not indicative of future results, prices or performance.

The post Intel Stock: Deep Value Hidden in Plain Sight? appeared first on TipRanks Financial Blog.

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