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.
U.S. stocks traded higher midway through trading, with the Dow Jones gaining more than 400 points on Monday.
The Dow traded up 1.27% to 32,267.56 while the NASDAQ rose 0.28% to 11,663.46. The S&P 500, also rose, gaining, 0.92% to 3,952.53.
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Leading and Lagging Sectors
- Energy shares rose by 2.5% on Monday. Meanwhile, top gainers in the sector included Talos Energy Inc. (NYSE:TALO), up 12%, and Tsakos Energy Navigation Limited (NYSE:TNP), up 9%.
- In trading on Monday, information technology shares slipped by 0.1%.
Top Headline
Foot Locker Inc (NYSE:FL) posted upbeat results for its fourth quarter.
The company reported a fourth-quarter FY22 sales decline of 0.30% year-on-year to $2.33 billion, beating the consensus of $2.15 billion. Adjusted EPS of $0.97 beat the analyst consensus of $0.51.
Equities Trading UP
- New York Community Bancorp, Inc. (NASDAQ:NYCB) shares shot up 35% to $8.81 after Keefe, Bruyette & Woods upgraded the stock from Market Perform to Outperform.
- Shares of PacWest Bancorp (NASDAQ:PACW) got a boost, shooting 11% to $8.81 after the company provided an update on its liquidity position.
- SuRo Capital Corp. (NASDAQ:SSSS) shares were also up, gaining 19% to $3.50. SuRo Capital will commence a modified Dutch Auction tender offer to repurchase up to 3 million shares of its common stock.
Equities Trading DOWN
- Credit Suisse Group AG (NYSE:CS) shares tumbled 52% to $0.9710 after UBS agreed to acquire the bank for $3.2 billion.
- Shares of PDD Holdings Inc. (NYSE:PDD) were down 13% to $80.00 after the company reported worse-than-expected Q4 revenues and a decrease in revenues from merchandise sales.
- Aziyo Biologics, Inc. (NASDAQ:AZYO) was down, falling 55% to $1.76 after the company received a determination from the FDA indicating that the company's premarket notification for the CanGaroo RM Antibacterial Envelope is not substantially equivalent.
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Commodities
In commodity news, oil traded down 0.7% to $66.25 while gold traded up 0.4% at $1,981.20.
Silver traded up 0.7% to $22.625 on Monday while copper rose 1.8% to $3.9635.
Euro zone
European shares were higher today. The eurozone’s STOXX 600 gained 0.98%, London’s FTSE 100 rose 0.93% while Spain’s IBEX 35 Index rose 1.3%. The German DAX gained 1.12%, French CAC 40 climbed 1.27% and Italy’s FTSE MIB Index rose 1.59%.
Asia Pacific Markets
Asian markets closed lower on Monday, with Japan’s Nikkei 225 dropping 1.42%, Hong Kong’s Hang Seng Index dropping 2.65% and China’s Shanghai Composite Index declining 0.48%. India’s S&P BSE Sensex fell 0.6%.
Economics
There were no major US economic releases Monday.
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COVID-19 Update
The U.S. has the highest number of coronavirus cases and deaths in the world, reporting a total of 105,735,650 cases with around 1,150,130 deaths. India confirmed a total of at least 44,692,710 cases and 530,790 deaths, while France reported over 39,675,450 COVID-19 cases with 165,260 deaths. In total, there were at least 682,048,540 cases of COVID-19 worldwide with more than 6,815,400 deaths.
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.