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.
Avago Technologies Ltd (NASDAQ: AVGO) and Broadcom Corporation (NASDAQ: BRCM) will combine in a $37 billion deal, the companies announced on Thursday morning. It's a deal UBS says could boost EPS 5 to 11 percent.
Other analysts like the move, too.
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But what's Twitter saying? A lot.
95% of the chip stocks bid up on $AVGO $BRCM deal will not be acquired, nor will they acquire.
— Alan Farley (@msttrader) May 28, 2015 U.S. (announced) M&A this month now stands at $231 billion -- one of the busiest months ever (via @SPCapitalIQ) $BRCM @CNBC
— Carl Quintanilla (@carlquintanilla) May 28, 2015 The $37 billion buyout of Broadcom is the largest ever price paid for a semiconductor company - BY DOUBLE $SMH $BRCM
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Jim Cramer had a couple tweets:
Got the $BRCM bid--disappointing for those who bought at the bell-fab for those who bought at the opening..
— Jim Cramer (@jimcramer) May 28, 2015 We need to see that $BRCM deal b/c otherwise the group's due for a fall..
— Jim Cramer (@jimcramer) May 28, 2015 And TheStreet might have created the best lede:
Avago's purchase of Broadcom makes sense -- but will it make cents? http://t.co/vxUVRHQ1AU $AVGO $BRCM pic.twitter.com/Ze9ZOnxcYz
— TheStreet (@TheStreet) May 28, 2015 At Thursday's open, Broadcom was down 2.7 percent, while Avago shares were nearly unchanged.
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.