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.
Herrman, president of TJX since 2011, will start serving as the company’s CEO beginning next fiscal year. According to a recent report, Wedbush analysts Morry Brown and Taryn Kuida are expecting a smooth transition, given Herrman’s exposure to Wall Street and past participation in investor meetings and conference calls.
Moreover, during the transition period, Meyrowitz will act as an advisor and as the executive chairman of the board for at least three years. Her continued participation increases Wedbush’s confidence in a smooth transition.
The Investment Thesis
Wedbush’s Outperform rating for TJX is based on:
- 1. Their elevated confidence in the company’s aptitude to deliver large EPS gains “against a backdrop of recent guide-downs and soft sales results across retail.”
- 2. Continued gains from “a favorable sourcing environment likely to benefit margins.”
- 3. A long-term business model that’s superior relative its specialty apparel retail peers, which face more meaningful headwinds.
Disclosure: Javier Hasse holds no positions in any of the securities mentioned above.
Image Credit: Public DomainCrypto 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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