Tuesday, March 6, 2012
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.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
This is your Benzinga news summary and trader's outlook covering headlines from overnight and today's pre-market session.
Benzinga's Top News
- AmerisourceBergen (NYSE: ABC) to Acquire World Courier Group for $520M.
- CONSOL Energy (NYSE: CNL) Temporarily Idles Longwall Mining at Buchanan Mine.
- Stage Stores (NYSE: SSI) Reports Q1 EPS $1.05 vs $1.07 Est; Revenues $479.1M vs $468.18M Est
Domestic Pre-Market Trading
- U.S. Equity Markets trade lower as Dow futures trade down about 95 points.
- U.S. Dollar trades about 0.51% higher.
Overseas Trading
- European markets are lower in afternoon trading. Britain's FTSE 100 lost 1.08%, Germany's DAX slid 1.5% and France's CAC 40 fell 1.65% on the session.
- Asian stocks ended the session lower as well. China's Shanghai slid 1.38%, Japan's Nikkei 225 fell 0.63%, and Hong Kong's Hang Seng dropped 2.16%.
Upgrades/Downgrades
- Jefferies Upgrades Worthington Industries (NYSE: WOR) to Buy
- Credit Suisse Upgrades LifePoint Hospitals (NASDAQ: LPNT) to Neutral
- JP Morgan Downgrades Novartis AG (NYSE: NVS) from Overweight to Neutral
- Bank of America Downgrades NTT DoCoMo (NYSE: DCM) from Buy to Neutral
On the Economic Calendar
- No Major Economic Events this Morning
Earnings
- Stage Stores (NYSE: SSI) Reports Q1 EPS $1.05 vs $1.07 Est; Revenues $479.1M vs $468.18M Est
Corporate News
- AmerisourceBergen (NYSE: ABC) to Acquire World Courier Group for $520M.
- CONSOL Energy (NYSE: CNL) Temporarily Idles Longwall Mining at Buchanan Mine.
- KKR (NYSE: KKR) and Chesapeake Energy (NYSE: CHK) Form Partnership to Invest in Mineral Interests and Overriding Royalty Interests
Commodities
- Precious metals are trading lower, with gold posting early losses of about 0.92%
- Energy futures are trading lower, with crude oil posting early losses of about 0.63%
- Natural Gas futures are higher by about 0.25% and copper is trading lower by about 1.83%
Benzinga's Morning Radar
Technical Levels for Futures and Forex| Name | Resistance-2 | Resistance-1 | Mid Pivot | Support-1 | Support-2 |
| E-Mini S&P 500 | 1372 | 1368 | 1363 | 1359 | 1353 |
| Gold | 1724 | 1715 | 1705 | 1696 | 1686 |
| Crude | 108.60 | 107.86 | 106.68 | 105.94 | 104.76 |
| Natural Gas | 2.47 | 2.41 | 2.38 | 2.32 | 2.29 |
| EUR/USD | 1.3286 | 1.3251 | 1.3205 | 1.3170 | 1.3124 |
| US Dollar Index | 79.80 | 79.59 | 79.44 | 79.24 | 79.08 |
Subscribe Click here to subscribe to this newsletter. Receive it daily to your inbox!
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.