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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Argus analysts Stephen Biggar and Mike Jaffe said, "We believe that the housing market is still in the middle stages of its upcycle given the severity of the preceding downturn — a sharp 76 percent drop in unit sales from 2005 to 2011. We do not expect the current cycle to peak until new home sales reach at least 700,000 units, well above the 502,000 new homes sold in 2015."
The two analysts think that D.R. Horton should gain from its range of brands for both high-end and entry-level homebuyers, and from solid cost controls apart from healthy balance sheet. The investment advisor felt D.R. Horton shares appear favorably valued at 10.2X to its fiscal year 2017 EPS estimate.
Argus stated its target price of $39 implies a P/E of 13.0 times to its fiscal year 2017 estimate, and a total potential return, including the dividend yield, of 28 percent over the next year.
The brokerage pointed out that D.R. Horton shares have outperformed in the past quarter, growing 2.9 percent compared to a 2.2 percent gain for the S&P 500. The analysts also believe that the stock has outperformed over the past year, with a gain of 15.5 percent compared to a 1.4 percent decline for the broader index. Also, in the last five-year period, the shares have gained 169 percent, far exceeding the 63.3 percent gain for the S&P.
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.