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.
Toward the end of trading Thursday, the Dow traded up 0.54 percent to 25,551.81 while the NASDAQ declined 1.02 percent to 7,851.31. The S&P also fell, dropping 0.24 percent to 2,839.26.
Leading and Lagging Sectors
Thursday afternoon, the energy shares climbed 0.91 percent. Meanwhile, top gainers in the sector included Denison Mines Corp. (NYSE:DNN) up 11 percent, and Bonanza Creek Energy, Inc. (NYSE:BCEI) up 9 percent.
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In trading on Thursday, information technology shares fell 1.44 percent.
Top Headline
Facebook, Inc. (NASDAQ:FB) reported upbeat earnings for its second quarter, while sales missed estimates.
Earnings came in at $1.74, beating estimates by 2 cents. Sales came in at $13.03 billion, missing estimates by $322 million. Daily active users were up 11 percent year-over-year in the quarter.
Equities Trading UP
Supervalu Inc. (NYSE:SVU) shares shot up 64 percent to $31.95 after the company agreed to be acquired by United Natural Foods (NASDAQ:UNFI) for $32.50 per share in cash.
Shares of Bridgepoint Education, Inc. (NYSE:BPI) got a boost, shooting up 45 percent to $11.74 after the company posted upbeat Q2 results.
PCM, Inc. (NASDAQ:PCMI) shares were also up, gaining 27 percent to $19.975 following a second-quarter earnings beat.
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Equities Trading DOWN
MoSys, Inc. (NASDAQ:MOSY) shares dropped 44 percent to $1.20. MoSys posted Q2 earnings of $0.06 per share on sales of $4.6 million. The company also issued weak Q3 sales forecast.
Shares of Superconductor Technologies Inc. (NASDAQ:SCON) were down 39 percent to $3.08 after the company reported pricing of $9 million public offering.
Nielsen Holdings plc (NYSE:NLSN) was down, falling around 26 percent to $21.99 after the company disclosed quarterly financial results. The company also revealed that its CEO Mitch Barns will retire at the end of year.
Commodities
In commodity news, oil traded up 0.55 percent to $69.68 while gold traded down 0.37 percent to $1,236.40.
Silver traded down 0.57 percent Thursday to $15.50, while copper fell 0.05 to $2.816.
Eurozone
European shares closed higher today. The eurozone’s STOXX 600 climbed 0.87 percent, the Spanish Ibex Index rose 0.79 percent, while Italy’s FTSE MIB Index rose 1.4 percent. Meanwhile the German DAX climbed 1.83 percent, and the French CAC 40 rose 1 percent while U.K. shares rose 0.06 percent.
Economics
U.S. durable goods orders increased 1 percent for June.
The U.S. trade deficit in goods increased 5.5 percent to $68.3 billion in June.
Initial jobless claims rose 9,000 to 217,000 in the latest week. However, economists projected claims to reach 215,000.
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.