Monday, May 21, 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.
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This is your Benzinga news summary and trader's outlook covering headlines from overnight and today's pre-market session.
Benzinga's Top News
Domestic Pre-Market Trading
- U.S. Equity Markets trade higher as Dow futures trade up about 88 points.
- U.S. Dollar trades about 0.15% lower.
Overseas Trading
- European markets are higher in afternoon trading. Britain's FTSE 100 jumped 0.79%, Germany's DAX added 1.16% and France's CAC 40 advanced 1.02% on the session.
- Asian stocks ended the session mixed. China's Shanghai added 0.17%, Japan's Nikkei 225 advanced 0.26%, and Hong Kong's Hang Seng slid 0.16%.
Upgrades/Downgrades
- Brean Murray Carret & Co. Upgrades American Eagle Outfitters (NYSE: AEO) from Hold to Buy, Maintains PT at $23
- Brean Murray Carret & Co. Upgrades Alpha Natural Resources (NYSE: ANR) from Hold to Buy, Announces PT of $15
- Canaccord Downgrades Ross Stores (NASDAQ: ROST) from Buy to Hold, Announces PT of $67
- Goldman Sachs Downgrades XL Group (NYSE: XL) from Neutral to Sell, Lowers PT from $22 to $21
On the Economic Calendar
- 08:30 a.m. ET - Chicago Fed National Activity
- 11:30 - 6-Month Bill Auction
- 11:30 - 3-Month Bill Auction
Earnings
- Lowes (NYSE: LOW) Reports Q1 EPS $0.44 vs $0.42 Est; Revenues $13.2B vs $12.99B Est
Corporate News
- Yahoo! (NASDAQ: YHOO) and Alibaba Reach Agreement on Comprehensive Plan for Alibaba Stake
- BlackRock (NYSE: BLK) Announces Secondary Offering of its Common Stock held by Barclays; Plans $1B Stock Repurchase
- Yucheng Technologies (NASDAQ: YTEC) Announces Receipt of "Going Private" Proposal for $3.80/Share
Commodities
- Precious metals are trading higher, with gold posting early gains of about 0.01%
- Energy futures are trading higher, with crude oil posting early gains of about 0.36%
- Natural Gas futures are trading 1.86% lower and copper is trading higher by about 0.84%
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 | 1317 | 1304 | 1296 | 1283 | 1276 |
| Gold | 1615 | 1603 | 1585 | 1573 | 1556 |
| Crude | 94.04 | 92.84 | 92.10 | 90.85 | 90.06 |
| Natural Gas | 2.84 | 2.78 | 2.69 | 2.63 | 2.54 |
| EUR/USD | 1.2889 | 1.2834 | 1.2737 | 1.2682 | 1.2585 |
| US Dollar Index | 82.21 | 81.72 | 81.44 | 80.95 | 80.66 |
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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.