Table of Content

Amazon is set to accept Bitcoin payments and launch a token

Amazon is looking to accept Bitcoin ( BTC/USD ) payments before the end of the year. A report unveiled this news earlier today, citing an insider. The company also posted a job advertisement over the weekend, searching for a cryptocurrency and blockchain lead. Reportedly, Amazon is looking for someone that can leverage domain expertise in blockchain, distributed ledger, central bank digital currencies, and cryptocurrency. According to the job listing , the incumbent’s role will involve developing the case for the capabilities that should be created, driving overall product vision and strategy, and gain leadership buy-in and investment for new capabilities. On top of this, the person that secures this position will have to work closely with teams across Amazon, such as AWS, to create a roadmap that includes the customer experience, the technical strategy, the system’s capabilities, and the deployment plan. While Amazon did not disclose its full intentions, the job description hints a

Enjin (ENJ) price analysis: is October a good month to buy this cryptocurrency?

Enjin ENJ/USD has weakened from $1.77 to $1.18 in less than several days, and the current price stands around $1.33. Fundamental analysis: Millions of people already use Enjin’s products Enjin Network was established by Witek Radomski and Maxim Blagov in the 2009 year. At first, it was a community gaming platform, and in 2017, the network had an initial coin offering (ICO) for Enjin coin. Enjin is the first NFT company accepted into the United Nations Global Compact, which shows the importance of this project. Enjin is committed to the UN Global Compact corporate responsibility initiative, and the mission of this project is to make an ecosystem for exchanging non-fungible tokens (NFTs) easily. The team behind Enjin believes that blockchain and non-fungible tokens (NFTs) are the future of our entire world, and because of this, they have the responsibility to ensure the future of NFTs is sustainable and equitable for every participant. Enjin Coin (ENJ) is a token that powers the E

Ethereum price prediction: Is ETH a buy or sell this week?

The Ethereum ( ETH/USD ) price rebounded during the weekend as investors reflected on the new order by China to ban all cryptocurrency transactions. The token rose to $3,120, which was about 18% above the lowest level in September. Its total market capitalization has risen to more than $367 billion. China crypto ban On Friday, the prices of most cryptocurrencies plummeted after the People’s Bank of China (PBOC) declared that all cryptocurrency transactions were illegal. The bank also warned offshore companies from offering crypto services like derivatives, exchanges, and wallets to Chinese citizens.  This was not the first time for China to express concerns about digital currencies. Back in 2014, the country announced that it was illegal to deal with the coins. And in July, the country intensified its crackdown on Bitcoin mining and other crypto services. It also barred banks and other financial services from offering these services. Therefore, Ethereum price rebounded during the

Should I invest in Starbucks after the Q3 results?

Starbucks Corporation (NASDAQ: SBUX) reported better than expected third-quarter results this Tuesday, but the company’s guidance remains suspended for the balance of this fiscal year.

Total revenue topped expectations, and the coffee chain opened 318 net new stores and ended the third quarter with a record 34,948 stores globally.

Starbucks opened 318 net new stores in Q3

Starbucks reported strong third-quarter results on Tuesday; total revenue has increased by 8.7% Y/Y to $8.15 billion, slightly above expectations, while the Non- GAAP earnings per share were $0.84 (beats by $0.08).

Global comparable store sales rose 3% during the third quarter, and it is important to mention that Starbucks opened 318 net new stores during the quarter and ended the period with a record 34,948 stores globally.

Comparable sales in North America rose 9%, supported by an 8% increase in average ticket, while the comparable transactions were up 1% in the region.

Active membership in Starbucks Rewards in the U.S. increased 13% to 27.4 million during the quarter, but the company’s management said that it expects margins and earnings to be lower sequentially in the fourth quarter due in part to a late comeback in mobility in China and a negative impact from a sequential step-up in investments.

Comparable store sales in China plunged 44% in the third quarter, mainly due to a decline in transactions with COVID restrictions holding back traffic in key cities.

Despite this, Starbucks remains confident about the upside in China, and Chief Financial Officer Rachel Ruggeri said:

We remain highly confident in the resilience and dynamism of the Chinese consumer economy. China’s coffee market is still in its very early stages, and we have a long runway for growth ahead.

China market is already seen as a key catalyst for long-term growth, and according to Jefferies analyst Andy Barish, Starbucks shares will probably remain subdued in the near term as the company paves the way for a new CEO hire later in 2022.

Starbucks has a very good position in the market, but the company continues to face potential risks mainly due to inflation, labor costs, and covid concerns. The risk/reward ratio is not good enough for “value” investors currently, and if the U.S. stock market enters a more significant correction phase, the share price could be at much lower levels.

$80 represents a strong support level

Data source:

The strong support level stands at $80, while $90 represents the first resistance level. If the price falls below $80, it would be a “sell” signal, and we have the open way to $70 or even below.

On the other side, if the price jumps above $90, the next target could be at $100.


Starbucks Corporation reported better than expected third-quarter results, but the company’s guidance remains suspended for the balance of this fiscal year. Starbucks continues to face potential risks mainly due to inflation, labor costs, and covid concerns, and according to Jefferies analyst Andy Barish, Starbucks shares will probably remain subdued in the near term.

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