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.
Following the market opening Friday, the Dow traded down 0.80 percent to 25,306.82 while the NASDAQ declined 0.50 percent to 7,852.09. The S&P also fell, dropping 0.68 percent to 2,834.13.
Leading and Lagging Sectors
Friday morning, the utilities shares climbed 0.75 percent. Meanwhile, top gainers in the sector included Suburban Propane Partners, L.P. (NYSE:SPH) up 3 percent, and Northwest Natural Gas Company (NYSE:NWN) up 2 percent.
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In trading on Friday, financial shares fell 1.5 percent.
Top Headline
Trade Desk Inc (NASDAQ:TTD) reported better-than-expected earnings for its second quarter on Thursday. The company issued strong third quarter sales guidance and raised FY18 sales guidance.
Earnings came in at 60 cents per share, beating estimates by 16 cents. Sales came in at $112 million, beating estimates by $8 million. The company issued strong third quarter sales guidance and raised FY18 sales guidance from $433 million to $456 million.
Equities Trading UP
Avalon Holdings Corporation (NYSE:AWX) shares shot up 121 percent to $6.41 following Q2 results. Avalon posted Q2 earnings of $0.16 per share on sales of $16.705 million.
Shares of TMSR Holding Company Limited (NASDAQ:TMSR) got a boost, shooting up 60 percent to $9.9029.
Medley Management Inc. (NYSE:MDLY) shares were also up, gaining 51 percent to $5.30. Sierra, Medley Capital, and Medley Management agreed to merge to create one internally managed BDC.
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Equities Trading DOWN
Gemphire Therapeutics Inc. (NASDAQ:GEMP) shares dropped 67 percent to $1.085 after investigator recommended termination of Gemcabene clinical trial. Results were consistent with disease worsening, deemed to be likely due to the drug.
Shares of Endologix, Inc. (NASDAQ:ELGX) were down 43 percent to $2.68 after the company announced its quarterly financial results and lowered its guidance.
Celsius Holdings, Inc. (NASDAQ:CELH) was down, falling around 20 percent to $3.612 following Q2 results. Celsius posted a Q2 loss of $0.07 per share on sales of $9.298 million.
Commodities
In commodity news, oil traded up 0.67 percent to $67.26 while gold traded up 0.05 percent to $1,220.50.
Silver traded down 0.56 percent Friday to $15.375, while copper fell 0.52 to $2.751.
Eurozone
European shares were lower today. The eurozone’s STOXX 600 declined 1.13 percent, the Spanish Ibex Index fell 1.57 percent, while Italy’s FTSE MIB Index declined 2.33 percent. Meanwhile the German DAX dropped 2.04 percent, and the French CAC 40 fell 1.54 percent while U.K. shares fell 0.84 percent.
Economics
The Consumer Price Index increased 0.2 percent for July, versus economists’ expectations for a 0.2 percent rise.
The Baker Hughes North American rig count report for the latest week will be released at 1:00 p.m. ET.
The U.S. Treasury budget report for July is schedule for release at 2:00 p.m. ET.
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.