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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.
Midway through trading Tuesday, the Dow traded down 0.05% to 30,994.15 while the NASDAQ rose 0.17% to 13,058.88. The S&P also fell, dropping 0.07% to 3,796.94.
The U.S. has the highest number of coronavirus cases and deaths in the world, reporting a total of 22,619,350 cases with around 376,280 deaths. India confirmed a total of at least 10,479,170 confirmed cases and 151,320 deaths, while Brazil reported over 8,131,610 COVID-19 cases with 203,580 deaths. In total, there were at least 90,995,180 cases of COVID-19 worldwide with over 1,947,750 deaths, according to data compiled by Johns Hopkins University.
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Leading and Lagging Sectors
Energy shares gained by 3.1% on Tuesday. Meanwhile, top gainers in the sector included ENGlobal Corporation (NASDAQ:ENG), up 34%, and Centennial Resource Development, Inc. (NASDAQ:CDEV), up 15%.
In trading on Tuesday, communication services shares fell 1.5%.
Top Headline
Albertsons Companies Inc (NYSE:ACI) reported upbeat earnings for its third quarter and raised earnings forecast for the year.
Albertsons Companies reported quarterly earnings of $0.66 per share, beating analysts’ expectations of $0.42 per share. The company posted sales of $15.41 billion, versus estimates of $15.34 billion.
Albertsons Companies said it now expects FY20 earnings of $3.05-$3.15 per share versus prior forecast of 2.75-$2.85 per share.
Equities Trading UP
Qilian International Holding Group Ltd (NASDAQ:QLI) shares shot up 181% to $14.04 after the company priced its IPO at $5 per share.
Shares of ArcLight Clean Transition Corp. (NASDAQ:ACTC) got a boost, shooting 79% to $21.76. Proterra is being taken public by ArcLight Clean Transition Corp. The deal values Proterra with an enterprise value of $1.6 billion. Current ArcLight shareholders will own 11.6% of Proterra after the merger.
VOXX International Corporation (NASDAQ:VOXX) shares were also up, gaining 40% to $20.72 after the company reported a strong rise in quarterly earnings.
Check out these big movers of the day
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Equities Trading DOWN
Lexaria Bioscience Corp. (NASDAQ:LEXX) shares tumbled 38% to $4.20 after the company reported a public offering of 1.83 million units at $5.25 per unit.
Shares of RedHill Biopharma Ltd. (NASDAQ:RDHL) were down 12% to $7.67 after the company said it has entered into an underwriting agreement with H.C. Wainwright & Co. for the purchase on a firm commitment basis of 1.28 million ADSs at a price of $7.84 per ADS.
Enveric Biosciences Inc. (NASDAQ:ENVB) was down, falling 15% to $4.16 as the company reported a $10 million registered direct offering of 2.221 million shares at $4.5018 per share.
Commodities
In commodity news, oil traded up 1.6% to $53.09, while gold traded down 0.4% to $1,844.00.
Silver traded up 0.7% Tuesday to $25.465 while copper rose 1.5% to $3.6175.
Euro zone
European shares were mostly lower today. The eurozone’s STOXX 600 rose 0.12%, the Spanish Ibex Index fell 0.12% and the German DAX 30 gained 0.03%. Meanwhile, the French CAC 40 fell 0.06%, London’s FTSE 100 dropped 0.5% and Italy’s FTSE MIB declined 0.12%. U.K.’s retail sales increased 4.8% year-over-year in December.
Economics
The NFIB small business optimism index declined to 95.6 in December from 101.4 in the prior month.
The number of job openings fell by 105,000 to 6.527 million in November.
The IBD/TIPP economic optimism index increased 1.1 points to a reading of 50.1 in January.
Federal Reserve Bank of Kansas City President Esther George will speak at 1:00 p.m. ET
The Treasury is set to auction 10-year notes at 1:00 p.m. ET.
Check out the full economic calendar here
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.