Morning Market Stats in 5 Minutes


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.


Movers

Indices

• S&P 500 ETF (NYSE:SPY) increased 0.19% to $343.55.

• Nasdaq ETF (NASDAQ:QQQ) fell 0.29% to $282.81.

• Dow Jones Industrial Average ETF (NYSE:DIA) rose 0.33% to $284.11.

• FTSE/Xinhua China 25 ETF (NYSE:FXI) fell 0.50% to $44.39.

• FTSE Europe ETF (NYSE:VGK) remained unchanged at at $54.59.

Commodities

• United States Oil ETF (NYSE:USO) increased 2.08% to $30.97.

• Gold ETF (NYSE:GLD) increased 0.02% to $181.03.

Bonds

• 20+ Yr Treasury Bond ETF (NASDAQ:TLT) remained unchanged at at $165.93.

Industries

• Retail ETF (NYSE:XRT) remained unchanged at at $52.85.

• Energy (NYSE:XLE) increased 0.46% to $37.20.

• Technology (NYSE:XLK) fell 0.23% to $118.71.

• Financial (NYSE:XLF) increased 0.88% to $25.10.

Stocks Higher

• Intel (NASDAQ:INTC) increased 1.10% to $49.69.

• JM Smucker (NYSE:SJM) rose 6.45% to $120.34.

• Orchard Therapeutics (NASDAQ:ORTX) increased 22.96% to $6.80.

Stocks Lower

• Pfizer (NYSE:PFE) decreased 0.96% to $38.47.

• Best Buy Co (NYSE:BBY) fell 5.81% to $110.58.

• Children's Place (NASDAQ:PLCE) fell 22.74% to $18.01.

Top News

• Sidoti & Co. Maintains Neutral on Portland General Electric, Lowers Price Target to $40 https://www.benzinga.com/node/17230400

• A Look Into Gartner's Debt https://www.benzinga.com/node/17229995

• B of A Securities Reinstates Neutral on Southwest Gas Holdings, Announces $68 Price Target https://www.benzinga.com/node/17230446

• LVMH's Arnault Still Seeking Price Cut In Tiffany Deal https://www.benzinga.com/node/17230432

• Immunovant shares are trading higher after the company announced the results from its multi-center, placebo-controlled Phase 2a trial of IMVT-1401 were statistically significant. https://www.benzinga.com/node/17229962

Upcoming Earnings

• Salesforce.com (NYSE:CRM) is expected to release earnings for Q2. In the same quarter last year, they reported an earnings per share of $0.66 and revenue of $3,997,000,000. Analysts expect the revenue to be around $4,900,000,000 and the earnings per share at $0.67.

Earnings Recap

• Best Buy Co (NYSE:BBY) reported earnings today for Q2, higher than consensus estimates. They reported an earnings per share of $1.71, and sales of 9,910,000,000. Last year, for the same quarter, they reported an EPS of $1.08 and revenue of $9,536,000,000.

• JM Smucker (NYSE:SJM) reported earnings today for Q1, higher than consensus estimates. They reported an earnings per share of $2.37, and sales of 1,972,000,000. Last year, for the same quarter, they reported an EPS of $1.58 and revenue of $1,779,000,000.

• Bank of Montreal (NYSE:BMO) reported earnings today for Q3, lower than consensus estimates. They reported an earnings per share of $1.33, and sales of 5,185,000,000. Last year, for the same quarter, they reported an EPS of $1.81 and revenue of $5,066,000,000.

• Hormel Foods (NYSE:HRL) released earnings for Q3, better than analyst estimates. They reported an EPS of $0.37, and revenue of 2,381,000,000.In the same quarter last year, they reported an earnings per share of $0.37 and revenue of $2,291,000,000.

• Medtronic (NYSE:MDT) reported earnings today for Q1, higher than consensus estimates. They reported an earnings per share of $0.62, and sales of 6,507,000,000. Last year, for the same quarter, they reported an EPS of $1.26 and revenue of $7,493,000,000.


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.


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Posted In: MarketsMorning Market Stats