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.
IN THE NEWS
Helios and Matheson Analytics Inc (NASDAQ:HMNY) stock is down 23.9 percent this week after Cinemark Holdings, Inc. (NYSE:CNK) announced its own subscription movie ticket service to rival Helios’ MoviePass: Link
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!
Janet Yellen, the pro tem chair of the U.S. Federal Reserve, is entering the final stretch of her time at the helm of the world’s most powerful and influential central bank. Yellen submitted her resignation Nov. 11, effective once her successor is sworn in next year: Link
A series of large fires across Southern California continued to grow Wednesday, leading to the closure of schools and a major freeway and forcing tens of thousands of people to flee their homes: Link
Nearly $70 million worth of bitcoin was stolen from a cryptocurrency-mining service called NiceHash following a security breach, causing the company to halt operations for at least 24 hours: Link
A 20-year-old Florida man was responsible for the large data breach at Uber Technologies Inc last year and was paid by Uber to destroy the data through a so-called “bug bounty” program normally used to identify small code vulnerabilities, three people familiar with the events have told Reuters: Link
FREE REPORT: How To Learn Options Trading Fast
In this special report, you will learn the four best strategies for trading options, how to stay safe as a complete beginner, a 411% trade case study, PLUS how to access two new potential winning options trades starting today.Claim Your Free Report Here.
Accounting says your past losses are good and your future lower taxes are bad. Common sense might disagree: Link
Bitcoin climbed as much as 14.9 percent on Thursday as it surged above $15,000, extending this month’s advance to more than 50 percent.
ECONOMIC DATA
- USA Challenger Job Cuts for Nov 35.04K vs 29.80K Prior
- Continuing Claims for Nov 24 1.91M vs 1.91M Est; Prior Revised from 1.96M to 1.96M. Initial Jobless Claims for Dec 1 236.0K vs 240.0K Est
- New York Federal Reserve Bank President William Dudley is set to speak in New York at 8:30 a.m. ET.
- The Energy Information Administration’s weekly report on natural gas stocks in underground storage is schedule for release at 10:30 a.m. ET.
- Data on consumer credit for November will be released at 3:00 p.m. ET,
- Data on money supply for the recent week will be released at 4:30 p.m. ET.
ANALYST RATINGS
- Morgan Stanley upgraded Shake Shack (NYSE:SHAK) from Underweight to Equal-Weight
- Canaccord upgraded lululemon (NASDAQ:LULU) from Sell to Hold
- JPMorgan upgraded AK Steel (NYSE:AKS) from Neutral to Overweight
- Piper Jaffray downgraded Yelp (NYSE:YELP) from Neutral to Underweight
- JPMorgan downgraded SecureWorks (NASDAQ:SCWX) from Overweight to Neutral
- Imperial downgraded Bill Barrett (NYSE:BBG) from Outperform to In-Line
This is a tool used by the Benzinga News Desk each trading day — it's a look at everything happening in the market, in five minutes. To get the full version of this note every morning, click here.
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.