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.
The analysts reduced their 2017 estimates on the sector by 7 percent on average, stating there is no stability in machinery earnings yet, and they expect most companies in this group to show margin downside of below normal volumes for the first time in the second quarter of this year.
According to the analysts, there are no positive near-term opportunities based on data trending in the quarter. "We continue to see more attractive valuation and earnings path at Allison Transmission Holdings Inc (NYSE: ALSN), valuation at United Rentals, Inc. (NYSE: URI), and potential in Joy Global Inc. (NYSE: JOY).
"Caterpillar Inc. (NYSE: CAT) is by far the most below our view of normal volumes and profits, and structurally has the best businesses along with Deere & Company (NYSE: DE), though both are likely get worse before better." said Barclays.
Furthermore, the analysts mentioned WABCO Holdings Inc. (NYSE: WBC) as having the best combination of structural growth, balance sheet, acquisitive success and increasingly valuation. However, the analysts added that it probably has a rough second half ahead on production cuts and mix.
Did you like this article? Could it have been improved? Please email feedback@benzinga.com to let us know!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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