Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
The new year promises positive catalysts for hardware and software players.
“Heading into 2020 there is clear momentum for the tech space/stocks as a number of transformational trends such as 5G, cloud, autonomous, and the streaming content wars will be front and center for the Street,” Wedbush analysts led by Daniel Ives wrote in a report.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
The Rating
Ives maintained Outperform ratings on Apple Inc. (NASDAQ:AAPL), Amazon.com, Inc. (NASDAQ:AMZN), Cyberark Software Ltd (NASDAQ:CYBR), Facebook, Inc. (NASDAQ:FB), LYFT Inc (NASDAQ:LYFT), Microsoft Corporation (NASDAQ:MSFT), Palo Alto Networks Inc (NYSE:PANW), Uber Technologies Inc (NYSE:UBER), VMware, Inc. (NYSE:VMW) and Zscaler Inc (NASDAQ:ZS).
He maintained an Underperform rating on Netflix Inc (NASDAQ:NFLX).
The Thesis
Here are the analysts’ top tech predictions for 2020:
FREE REPORT: How To Learn Options Trading Fast
In this special report, you will learn the four best strategies for trading options, how to stay safe as a complete beginner, a 411% trade case study, PLUS how to access two new potential winning options trades starting today.Claim Your Free Report Here.
Apple will dominate the upcoming “year of the 5G Super Cycle,” Microsoft will outperform Amazon in cloud development, and Walt Disney Co (NYSE:DIS) will beat Netflix in video streaming.
Meanwhile, cyber security will rapidly consolidate, and Google will acquire a public cloud vendor to expand its GCP initiative. Alphabet, Amazon and Apple will build out and acquire into healthcare and banking services.
Tesla Inc (NASDAQ:TSLA) could strike 100,000 deliveries in China faster than it did in the U.S. and Europe, and competition and poor profitability could force Uber to shutter its Uber Eats segment.
In a more macro view, federal tech regulation will drive fines but not changes to business models. Local crackdowns could prove more painful.
“AB5 California legislation will be a major ‘gut punch’ to the Gig Economy and throw a major wrench in the business models of Uber, Lyft, DoorDash, Postmates, and other players once passed (with all eyes on the impending court battle),” Ives wrote.
Related Links:
DOT Issues Long-Delayed Proposed Rule On Remote ID For Drones
Top 3 S&P 500 Equities Are All Chip Stocks
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.