March 17, 2015 11:38 AM | 1 min read |
Kevin Kelly was recently a guest on #PreMarket Prep, a daily trading idea radio show hosted by Joel Elconin and Dennis Dick. Tune in to the daily broadcast live Monday-Friday at 8 a.m. ET here.Speaking to Benzinga during Tuesday's #PreMarket Prep morning show, Recon Capital Chief Investment Officer Kevin Kelly commented on
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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.
(NASDAQ: AAPL) move to raise capital in the oversees bond market.Kelly noted that Apple's dividend is "low" given the fact that the company holds about $30 in cash per share. He added that Apple's decision to seek financing in the International debt market serves as a sign that a major catalyst in the form of a dividend or additional buybacks is imminent. As such, Kelly added that "the low is in right now" – referring to the $120 to $124 per share level. Kelly suggested that a strategy investors could consider is turning shares of Apple in to an "iBond" by selling a $120 put and collecting a premium. The guest speaker suggested that shares of Apple could climb to new all-time highs as Apple starts to put its capital "to work."
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