January 16, 2015 6:24 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.
CNBC Fast Money's Guy Adami analyzed on the show earnings results of
Intel Corporation (NASDAQ: INTC), which dropped almost 2.5 percent in after-hours trading on
weak margin in its guidance.Adami said that margins were better in the last quarter, which led to better-than-expected earnings per share. He doesn't see
Intel's report as negative and he thinks that traders can't get hurt being long the stock. At 15 times forward earnings the stock is not expensive, added Adami and explained that the stock moved lower because people were looking to sell something on a weak day for a broad market. He would buy it if it settles around $35.Tim Seymour commented that Intel had big moves on earnings in the past, but it managed to recover the next day. He added that investors believe that the PC space is struggling.Steve Grasso added that Intel has been treated as a safety bet and that will probably continue, but if the market continues to trade lower every stock is going down with it.Brian Kelly thinks that the upgrade cycle in the PC segment looks to be ending or slowing down. If the stock doesn't hold $35, he would be a seller.
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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