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
With "dad shoes" dominating the fashion world, could the quintessential dad shoe brand — Skechers USA Inc (NYSE:SKX) — be poised for a big 2018?: Link
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Longfin Corp (NASDAQ:LFIN) is on a pretty incredible two-day run, moving from under $10 a share to north of $140. What gives?: Link
The final tax bill offers much of what large companies hoped to gain from the Republican overhaul: the billboard corporate rate was knocked down, cuts were accelerated and key credits were preserved: Link
ESPN on Monday announced the surprise resignation of network President John Skipper over substance-abuse issues, creating uncertainty at a critical moment for the sports TV juggernaut and its majority-owner, Walt Disney Co (NYSE:DIS): Link
Japanese Finance Minister Taro Aso said on Tuesday that bitcoin has not been proven to be a credible currency and that he would watch its developments in the near-term: Link
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The Trump administration has publicly blamed North Korea for unleashing the so-called WannaCry cyber attack that crippled hospitals, banks and other companies across the globe earlier this year: Link
The Federal Reserve published a fresh set of economic forecasts last week covering the next three years. Economists have been trying to make sense of the 2018 outlook ever since: Link
Humana (NYSE:HUM) could escalate the insurance arms race: Link
ECONOMIC DATA
- USA Housing Starts for Nov 1.30M vs 1.25M Est; Prior 1.26M. Building Permits for Nov 1.30M vs 1.27M Est; Prior 1.32M
- Redbook U.S. Retail Sales Down 0.4% For First 3 Weeks Dec. MoM, Up 3.6% YoY; Up 4.4% Week Ended Dec. 16 YoY
- The Treasury is set to auction 4-week bills at 11:30 a.m. ET.
- Minneapolis Federal Reserve Bank President Neel Kashkari is set to speak in Roseville, Minnesota at 1:10 p.m. ET.
ANALYST RATINGS
- RBC upgraded GM (NYSE:GM) from Sector Perform to Outperform
- Berenberg upgraded Altria (NYSE:MO) from Hold to Buy
- Instinet downgraded Apple (NASDAQ:AAPL) from Buy to Neutral
- Morgan Stanley downgraded ARRIS Intl. (NASDAQ:ARRS) from Overweight to Equal-Weight
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.