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 Friday, the Dow traded down 0.96% to 28,940.09 while the NASDAQ fell 2.09% to 9,547.08. The S&P also fell, dropping 1.27% to 3,330.30.
Leading and Lagging Sectors
Consumer staples shares climbed 0.4% on Friday. Meanwhile, top gainers in the sector included Sprouts Farmers Market, Inc. (NASDAQ:SFM), up 15%, and New Age Beverages Corporation (NASDAQ:NBEV), up 8%.
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In trading on Friday, information technology shares fell 2.4%.
Top Headline
Deere & Company (NYSE:DE) reported stronger-than-expected results for its first quarter on Friday.
Deere posted quarterly earnings of $1.63 per share, exceeding analysts’ estimates of $1.26 per share. Its quarterly sales came in at $7.631 billion, beating expectations of $6.42 billion.
Equities Trading UP
Trans World Entertainment Corporation (NASDAQ:TWMC) shares shot up 95% to $6.81 after the company disclosed that its subsidiary etailz entered into a deal with Encina for $25 million 3-year secured revolving credit facility.
Shares of Ducommun Incorporated (NYSE:DCO) got a boost, shooting 31% to $55.85 after the company reported better-than-expected Q4 results. B. Riley upgraded Ducommun from Neutral to Buy and raised the price target from $55 to $60.
Dropbox, Inc. (NASDAQ:DBX) shares were also up, gaining 23% to $23.00 after the company reported stronger-than-expected results for its fourth quarter and disclosed a $600 million buyback program.
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Equities Trading DOWN
Document Security Systems, Inc. (NYSE:DSS) shares tumbled 27% to $0.1786. Document Security Systems priced its 22.2 million share common stock offering at $0.18 per share.
Shares of Lianluo Smart Limited (NASDAQ:LLIT) were down 27% to $0.62 after the company priced a 3.5 million share common stock offering at $0.70 per share.
EyePoint Pharmaceuticals, Inc. (NASDAQ:EYPT) was down, falling 28% to $1.405 after the company priced its 15 million share common stock offering at $1.45 per share.
Commodities
In commodity news, oil traded down 1.1% to $53.27, while gold traded up 1.8% to $1,649.00.
Silver traded up 1.1% Friday to $18.525, while copper rose 0.6% to $2.603.
Euro zone
European shares closed lower today. The eurozone’s STOXX 600 dropped 0.49% the Spanish Ibex Index declined 0.45%, while Italy’s FTSE MIB Index dipped 1.22% Meanwhile, the German DAX dropped 0.62%, and the French CAC 40 fell 0.54% while UK shares fell 0.44%.
Economics
The IHS Markit US composite PMI slipped to 49.6 in February, versus a reading of 53.3 in the prior month.
U.S. existing home sales fell 1.3% to an annual rate of 5.46 million units in January.
The total number of active U.S. oil rigs increased by 1 to 679 rigs this week, Baker Hughes Inc reported.
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.