November 12, 2014 4:15 PM | 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.
Pete Najarian and Stephen Weiss spoke on
CNBC's Fast Money about pros and cons of trading the homebuilding sector. Najarian is bullish on the space because of excellent earnings results by
Toll Brothers Inc (NYSE: TOL) and
D.R. Horton, Inc. (NYSE: DHI).
Beazer Homes USA, Inc. (NYSE: BZH) reported on Wednesday and the whole space pulled back. Najarian sees an opportunity to buy the stocks in the space, not as an investment, but as a trade. He is expecting a pick up in demand and he is not worried by the possible increase of interest rates. He thinks that higher rates could motivate people to make a purchase because they are going to realize that low interest rates are not going to last forever. Weiss believes that high interest rates could hurt the homebuilding stocks. He explained that in the last 20 years the affordability declined with an increase in interest rates. This inverse correlation will cause the decline in the space and he would use the opportunity to sell and use his money to buy other 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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.