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.
GDP growth of 6%-7% will be very positive for Facebook Inc (NASDAQ:FB), according to Karen Firestone of Aureus Asset Management.
The Thesis: Speaking Monday on CNBC's "Squawk Box," Firestone said Facebook and the tech sector, in general, underperformed from September to March while investors turned toward reopening plays. She expects Facebook to be one of the biggest beneficiaries of the coming advertising boom as consumers spend more money.
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!
Related Link: Could Apple Take A Bite Out Of FB Ad Revenues? Facebook Prepares To Open The Books On Q1
Earnings: Facebook sells for 22-times next year's earnings estimates, Firestone said, adding that she likes the stock at its current price.
Facebook reported on Jan. 27 fourth-quarter earnings per share of $3.88 and revenue of $28.07 billion. The company is set to report first-quarter earnings after the close on April 28. The average EPS estimate for the first quarter is $2.36.
FB Price Action: Facebook was higher by 0.8% to $303.75 at last check Monday.
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.