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.
- Apple Inc. (NASDAQ: AAPL) shares have declined 11.49 percent over the past one month, falling to a low of $102.67 on January 4.
- J. P. Morgan’s Rod Hall has maintained an Overweight rating on the company, with a price target of $145.
- Although Samsung warned of a tough 2016, along with concerns regarding the Q4 outlook, Hall believes that this would have a neutral impact on Apple.
According to the J. P. Morgan report, “Samsung Electronics said it expects a difficult business environment in 2016 due to weak global economic conditions and heightened competition in key businesses including memory chips and smartphones.”
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
Samsung’s CEO, Kwon Oh-hyun, released a statement on January 4, telling employees, in a New Year’s address, that global growth was expected to remain low through 2016, with higher uncertainty driven by various issues, including financial risks from emerging countries.
Analyst Rod Hall believes that this underscores J. P. Morgan’s caution stance on 2016. Hall also mentioned that he preferred telecom networking as a subsector, although there could be value opportunities with the more consumer exposed stocks.
Meanwhile, Apple has raised prices for the iPhone and iPad in Germany “to account for a new copyright levy agreement inked by tech industry importers and creative professionals in December,” Hall stated.
Apple and other tech companies had agreed in December to pay €5 to €7 per smartphone and tablet “in a deal designed to benefit musicians, producers and other content producers,” The report added.
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.