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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The S&P 500 is finding resistance at 1,555 with 1,545 acting as support below.Next up, the Dow is finding resistance at 14,650, while 14,550 as support.The NASDAQ looks to be bouncing off 3,180 support with 3,215 resistance above that.Finally, the Russell lost its 905 support briefly yesterday, and has 925 acting as resistance above.Top Headline
PepsiCo (NYSE: PEP) reported better-than-expected first-quarter earnings.Pepsi's quarterly profit fell to $1.08 billion, or $0.69 per share, from $1.13 billion, or $0.71 per share, in the year-ago period. Excluding one-time items, its core earnings surged to $0.77 from $0.69 per share.Its revenue rose 1.2% to $12.58 billion, while organic revenue gained 4.4%. However, analysts were expecting earnings of $0.71 per share on revenue of $12.53 billion.Equities Trading UP
Theravance (NASDAQ: THRX) shot up 16.24 percent to $32.56 on FDA AdvisoryCommittee vote.Shares of Fairway Group Holdings (NASDAQ: FWM) traded up 9.45 percent to $18.99 Thursday following its IPO this morning.Peabody Energy (NYSE: BTU) was also up, gaining 8.12 percent to $20.57 after the company reported upbeat quarterly results.
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In commodity news, oil traded up 1.48 percent to $87.96, while gold traded up 0.42 percent to $1,388.40.Silver traded down 0.73 percent Thursday to $23.17, while copper rose 0.39 percent to $3.21.Euro zone
European shares were mixed following some strong bond auctions from France and Spain and on the German economic forecasts. German economists, in a report published overnight, cut their German GDP forecast to 0.8 percent from 1.0 percent.The Spanish Ibex Index rose 0.12 percent while the Italian FTSE MIB Index gained 0.63 percent. Meanwhile, the German DAX dropped 0.39 percent and the French CAC gained 0.01 percent and U.K. shares dropped 0.01 percent.Economics
US initial jobless claims climbed 4,000 to 352,000 in the week ended April 13, slightly above economists' estimates.The Bloomberg Consumer Comfort Index rose to minus 29.2 in the recent week ended April 14, versus minus 34 in the previous period.The Conference Board's leading economic index declined 0.1% in March. However, economists were projecting the index to increase 0.2%.The Philadelphia Federal Reserve's business-conditions index declined to 1.3 in April, versus 2.0 in March. However, economists were expecting the index to gain to 4.0.Natural-gas inventories surged 31 billion cubic foot for the week ended April 12, theEnergy Information Administration reported. However, analysts were expecting a rise between 33 billion and 37 billion cubic feet.Data on money supply will be released at 4:30 p.m. ET.The Treasury is set to auction 5-year TIPS this afternoon as we
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.