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.
A late-day rally on Friday, if it can be called that, prevented the Dow Jones Industrial Average from notching its third triple-digit move this week, so to say things have been interesting, if not volatile, in the first week of March would be an accurate statement.
We don't want get in the business of making outlandish proclamations about what the rest of March holds, but we do have some ETFs that should be worth trading next week. Here's our weekly ETF look ahead.
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1) Global X/InterBolsa FTSE Colombia 20 ETF (NYSE: GXG):
GXG once again appears on the list as an oil play and as an earnings play. BanColombia (NYSE: CIB), GXG's third-largest holding, is due to report earnings on Monday.
2) Guggenheim China SmallCap ETF (NYSE: HAO):
HAO has been among the China-specific ETFs that have fallen out of favor this year, but plenty of its constituents are reporting earnings next week, which could set the ETF up for decent swing trade.
3) Market Vectors Rare Earth/Strategic Metals ETF (NYSE: REMX):
Maybe you've heard about this rare earths fad and perhaps you've heard about Molycorp (NYSE: MCP), the largest U.S.-based rare earths miner and a top-10 REMX holding. The comany steps into the earnings confessional on Wednesday.
4) ETFS Physical Silver Shares (NYSE: SIVR):
Really, any silver ETF will do at this juncture and this point should require no explanation.
5) ProShares Ultra Industrials (NYSE: UXI):
UXI isn't a proxy for the Dow, but it is a leveraged play on industrials and the Dow has shown a tendency to snap back from big losses to almost immediately make bigger gains, making UXI a compelling play for the week ahead.
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.