Facebook FB launches Libra New Cryptocurrency 6-18-19

Facebook launches a new cryptocurrency called Libra

Facebook is unveiling an ambitious plan to create a new digital currency and financial system to transform the way money moves around the world, and not just on its own apps.

It’s leading a consortium to create an open-source digital currency called Libra, set to launch in the first half of next year. The goal is for developers to create services for consumers to send money around the world easily and for free — with the same convenience as sending a photo or a message.

cnbc.com/facebook-libra-digital-currency

Facebook Libra: Five Questions for the World's Newest Cryptocurrency

Facebook (FB) will launch a new cryptocurreny for its 2.4 billion users next year in the most significant e-commerce development in the social media group's history.

Known as Libra, an amalgam of references including the French work for Freedom, Roman weights and measures and a fresh translation of “freedom,” the digital coin marks what could be the start of a next-generation of payments that could irrevocably change the way we think of global commerce.

thestreet.com/facebook-libra-cryptocurrency

Game Plan

The stock market appears stuck in neutral as traders wait for the FOMC to announce nothing tomorrow (most likely).

So the questions on the table center around probability and risk/reward. Is the FOMC price in with the recent momentum move? Meaning sell the news?

Does the stock market have enough fresh catalysts to trade into new all-time highs> Is there a trade before that happens? For me, right now I am stock specific. The indices and futures day trading are a choppy mess, unless you get involved at the opening bell.

So I'm game planning to watch XOM today. after a bullish engulfing candlestick I'm looking for a bounce higher the rest of the week.

Pete

Adobe Systems (ADBE) to Report Q2 Earnings: What's in Store?

Adobe Systems Inc. (ADBE) is set to report fiscal second-quarter 2019 results on Jun 18. In the last reported quarter, the software giant delivered a positive earnings surprise of 6.21%.

Notably, the surprise history has been decent in Adobe Systems’ case. The company surpassed estimates in three of the last four quarters, with average positive surprise of 3.43%.

zacks.com/stock/adobe-systems-adbe-q2-earnings

Adobe and Oracle Near All-Time Highs Ahead of Earnings

Quarterly reports from Adobe Inc. (ADBE) and Oracle Corporation (ORCL) will draw plenty of attention to the market-leading software applications sector this week, with both stocks trading close to all-time highs.

However, solid metrics and bullish guidance will be needed to avoid major sell signals, driven by growing fears that a China-U.S. trade war will presage a major economic slowdown.

investopedia.com/oracle-and-adobe-earnings