October 7, 2011 4:15 PM | 3 min read |
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.
This is your Benzinga news summary and traders' summary for Friday, October 7, 2011, covering headlines from today's trading session.Today at market close, the Dow Jones Index traded down about 20 points or 0.18%, the S&P 500 traded 0.82% lower, the Nasdaq Composite Index traded down 1.1%, and the U.S. dollar trades flat near the $79.15 level. Earlier today, Citigroup upgraded Oneok (NYSE: OKE) to Buy and upgraded National Fuel Gas (NYSE: NFG) to Buy as well. View all of
today's upgrades here.UBS downgraded Illumina (NASDAQ: ILMN) to Neutral. View all of
today's downgrades here.Overseas, European markets ended their trading session higher. Britain's FTSE 100 added 0.23%, Germany's DAX gained 0.54% and France's CAC 40 jumped 0.91% on the session. Asian stocks ended the session higher as well. Japan's Nikkei 225 added 1% and Hong Kong's Hang Seng Index jumped 3.11%.Fitch downgraded Italy to “A+” with a negative outlook. The rating agency also downgraded Spain.On the economic calendar, Non-Farm Payrolls came in at 103,000 versus the 60,000 survey. Also, Manufacturing Payrolls reported -13,000 versus the 0 estimate.On the commodity front,
gold and
silver futures traded mixed today, with gold trading about 0.7% lower. Energy futures are higher with
crude oil up over 0.5% near the $83.11 level and
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gasoline futures are trading lower by about 1%.
Natural Gas futures are down by about 3% and
copper futures are trading about 0.8% higher.In corporate news, Sprint (NYSE: S) spiked lower intraday after the company's CFO said the company may return to the public markets
to raise capital to help fund the expansion, most notably as the company is purchasing nearly $20 billion worth of Apple's (NASDAQ: AAPL) iPhone 4S to help it compete with Verizon (NYSE: VZ) and AT&T (NYSE: T).Whirlpool Corporation (NYSE: WHR) today announced that it
won a stay motion in a refrigerator patent infringement case brought by LG Electronics due to progress in separate proceedings challenging the validity of LG's patents. Kinetic Concepts (NYSE: KCI) KCI USA, Inc. and investment funds advised by Apax Partners and controlled affiliates of Canada Pension Plan Investment Board and Public Sector Pension Investment Board today announced that Chiron Merger Sub intends to
commence an offering on or about October 11, 2011, of $1,650 million in aggregate principal amount of second lien senior secured notes due 2019.Below are some of today's movers:PriceSmart (NASDAQ: PSMT) +8.33% after reporting upbeat same warehouse sales.Cree (NASDAQ: CREE) +6.72 on takeover chatter.Vistaprint (NASDAQ: VPRT) +6.49% recovering from the bearish trend in the past few days.McDermott International (NYSE: MDR) +5.64% after Citi maintained a Buy rating on the company.Dish Network (NASDAQ: DISH) +5.51% extending the recent bull-trend.Sprint (NYSE: S) -15.61% after the company announced it may need to access capital markets to fund network expansion.The Bank of Ireland (NYSE: IRE) -8.61% after Moody's cut the credit rating of 12 UK banks.Pendrell Corp (NASDAQ: PCO) -8.40% extending yesterday's downtrend.Mettler-Toledo International (NYSE: MTD) -7.52% after JP Morgan lowers the company's PT to $166.Waters Corp (NYSE: WAT) -7.13% following the weakness in the sector.This concludes your news summary for October 7, 2011.
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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