April 18, 2013 10:46 AM | 1 min read |
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.
In a report published Thursday, D.A. Davidson analyst Steven Chercover upgraded the rating on Universal Forest Products (NASDAQ: UFPI) from Neutral to Buy, and slightly raised the price target from $43.00 to $44.00.In the report, Chercover noted, “Universal Forest Products started off 2013 on a strong note, posting earnings of $0.26 as compared to $0.21 in Q1-12 and up sharply from a loss of $0.10 last quarter. Revenues were in line with our estimate of $554 million, which represented a 21% increase year-over-year. The primary variance to our $0.01 estimate came from the cost front, with lighter SG&A (+$0.16). Also, despite lumber prices escalating 43% over the prior year (which crimps margins), COGS was well below expectations, providing the other significant variance to earnings (+$0.09). While our top line forecast was very accurate, the composition wasn't perfect, with Retail and Residential Construction coming in light of our estimates and Industrial, Commercial & Concrete, and Manufactured Housing beating our projections.”Universal Forest Products closed on Wednesday at $34.09.
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.
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