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 Wednesday, the Dow traded up 0.51% to 29382 while the NASDAQ rose 0.96% to 9,826.65. The S&P also rose, gaining 0.59% to 3,390.06.
Leading and Lagging Sectors
Energy shares climbed 1.3% on Wednesday. Meanwhile, top gainers in the sector included Solaris Oilfield Infrastructure, Inc. (NYSE:SOI), up 12%, and Montage Resources Corporation (NYSE:MR), up 9%.
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In trading on Wednesday, real estate shares fell 1%.
Top Headline
DISH Network Corporation (NASDAQ:DISH) reported better-than-expected results for its fourth quarter.
DISH posted Q4 earnings of $0.69 per share, beating analysts’ estimates of $0.59 per share. Its sales came in at $3.24 billion, topping expectations of $3.15 billion. Net pay-TV subscribers fell by 194,000 during the quarter.
Equities Trading UP
Enphase Energy, Inc. (NASDAQ:ENPH) shares shot up 38% to $55.62 after the company reported better-than-expected Q4 results.
Shares of Myomo, Inc. (NYSE:MYO) got a boost, shooting 42% to $7.78 after the company signed a nationwide payer network agreement with HOMELINK.
ShotSpotter, Inc. (NASDAQ:SSTI) shares were also up, gaining 29% to $36.51 after the company reported better-than-expected Q4 results. The company also reaffirmed FY20 guidance.
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Equities Trading DOWN
Groupon, Inc. (NASDAQ:GRPN) shares tumbled 41% to $1.8098 after the company reported worse-than-expected Q4 results. The company announced it plans to exit the goods industry.
Shares of Blue Apron Holdings, Inc. (NYSE:APRN) were down 21% to $3.46 after the company reported weak quarterly earnings and disclosed that it is evaluating a range of strategic alternatives.
Scientific Games Corporation (NASDAQ:SGMS) was down, falling 19% to $23.76 after the company reported Q4 results.
Commodities
In commodity news, oil traded up 2.4% to $53.28, while gold traded up 0.5% to $1,611.90.
Silver traded up 1% Wednesday to $18.325, while copper rose 0.1% to $2.6065.
Euro zone
European shares were higher today. The eurozone’s STOXX 600 gained 0.83% the Spanish Ibex Index rose 0.78%, while Italy’s FTSE MIB Index climbed 1.01% Meanwhile, the German DAX gained 0.79%, and the French CAC 40 rose 0.90% while UK shares rose 1.02%.
Economics
U.S. housing starts declined 3.6% at an annual rate of 1.567 million units in January, while building permits climbed 9.2% at an annual rate of 1,551 thousand.
The Producer Price Index increased 0.5% for January, following a revised 0.2% rise for December.
The Federal Open Market Committee issued minutes of its latest meeting.
Federal Reserve Bank of Richmond President Thomas Barkin is set to speak at 4:30 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.