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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'Off Quarter'
Another analyst said this was an "off quarter" for the whole retail space. "Therefore it looks like it's going to be an off quarter for Amazon," the analyst, who asked not to be quoted by name, told Benzinga. "It looks like their current subscribers are chugging along. They haven't done a lot of new deals to acquire content outside of originals. We'll have to see. It's an off quarter for retail, therefore it should be an off quarter for Amazon."Primetime Sales
Sean Udall, CIO of Quantum Trading Strategies and author of The TechStrat Report, told Benzinga that Prime Day (which will impact the September quarter) was a "brilliant move by Amazon.""My very first thought [was that] this is a great thing for Amazon to do to blow out a bunch of inventory they're probably sitting on," said Udall. "Amazon just basically had an online doorbuster special."Amazon will report its second quarter results on Thursday, July 23 after the market close. Disclosure: At the time of this writing, Louis Bedigian had no position in the equities mentioned in this report.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.