April 27, 2024 1:54 am | 2 minute read |
Crypto whales are loading — are you there?
New research shows the biggest crypto buyers are coming back. And this time? It may be possible for Bitcoin to exceed $100,000 in 2024. You don’t want to miss out on the next big crypto bull run like we saw in 2020 and 2021. To find out exactly what’s going on and what to buy…visit Benzinga. Best cryptocurrency research and investment for just $1.
billionaire investor bill gross Despite this, he advised investors to avoid tech stocks. microsoft (NASDAQ:MSFT) and Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL) “Spectacular District.”
what happened: Gross, known as the “bond king,” warned investors to be wary of the tech sector. Earlier this week, he revealed to X (ex-Twitter) that he owns the stock, saying, “I’m sticking to value stocks and avoiding tech stocks right now.” western midstream partner and energy infrastructure companies MPLX.
Enter to win $500 in stocks or crypto
Enter your email address to get Benzinga’s Ultimate Morning Update, a free $30 gift card, and more.
He went on to suggest that if investors had to get into the technology space, Microsoft was the only viable option, saying, “If you have to, MSFT is number one in the technology space.” Ta.
He also expressed doubts about holding bonds, especially after the 10-year bond yield rose above 4.7% on Thursday following the gross domestic product (GDP) report. “The 10-year government bond has risen to 4.75%. Why would he hold his own bonds? The yield on the T-bill is 5.25%.”
Related article: Dogecoin could outperform Bitcoin thanks to consolidation in Golden Pocket, trader says: “This is a very good sign”
why is it important: Gross’s advice comes at a time when the technology industry is experiencing significant change.Friday, host of CNBC’s “Mad Money.” Jim Cramer He said that despite Alphabet and Microsoft’s “spectacular quarters,” they received little press coverage.
Google’s parent company announced that its first-quarter revenue rose 15% year over year to $80.539 billion, beating the consensus estimate of $78.594 billion. The company also reported quarterly profit of $1.89 per share, beating analysts’ expectations of $1.51 per share, according to its earnings data. Benzinga Pro.
Microsoft’s third-quarter revenue rose 17% year-over-year to $61.9 billion, beating the consensus estimate of $60.804 billion. The tech giant also reported quarterly profit of $2.94 per share, beating analysts’ expectations of $2.82 per share.
However, despite these positive results, the technology sector continues to struggle. tesla company (NASDAQ:TSLA) reported disappointing financial results, but shares rose on the announcement of new, more affordable vehicle models. on the other hand, Meta Platforms Co., Ltd. (NASDAQ:META) disappointed investors with weak guidance in its earnings report, sending its stock price plummeting and further weighing on the tech sector.
See more Consumer Tech coverage from Benzinga. follow this link.
Read next: Jim Cramer sees NVIDIA going from ‘star of the show to goat of games’
Disclaimer: This content was created in part with support from Benzinga Neuro, and reviewed and published by Benzinga editors.
Image via Shutterstock
Crypto whales are loading — are you there?
New research shows the biggest crypto buyers are coming back. And this time? It may be possible for Bitcoin to exceed $100,000 in 2024. You don’t want to miss out on the next big crypto bull run like we saw in 2020 and 2021. To find out exactly what’s going on and what to buy…visit Benzinga. Best cryptocurrency research and investment for just $1.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
