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.
Adam Sarhan is a monthly 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.
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Sarhan Capital CEO Adam Sarhan discussed Alcoa Inc earnings (NYSE: AA) on the show.
Sarhan expected that Q1 earnings for Aloca would be soft or negative because of what other companies had been reporting.
The stock moved up after getting removed from the Dow, according to Sarhan, however, "since July of [2014] the stock hasn't gone anywhere."
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The company used to set the tone for what was going to happen in earnings season but it had "lost its luster because the global economy shifted," in Sarhan's view, as the economy had become more information-based rather than focused on physical goods.
Sarhan illustrated the point by highlighting Nike Inc (NYSE: NKE) as a company that sells shoes, and specifically ideas, but does not manufacture the shoes while companies like Benzinga deal in information to increase intelligence.
Alcoa Inc reports Q1 earnings on Wednesday and recently traded at $13.35, up 1.60 percent.
Listen to the show here:
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.