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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Morgan Stanley (NYSE: MS) reported a rise in its second-quarter profit.Morgan Stanley's quarterly profit surged to $980 million, or $0.41 per share, from $591 million, or $0.29 per share, in the year-ago quarter. Excluding one-time items, the bank earned $0.45 per share.Its total net revenue rose to $8.5 billion from $6.9 billion. However, analysts were estimating earnings of $0.43 per share on revenue of $7.89 billion. Morgan Stanley's equity sales and trading net revenue surged to $1.8 billion from $1.3 billion.Equities Trading UP
SUPERVALU (NYSE: SVU) shot up 16.54 percent to $7.89 after the company reported upbeat quarterly profit.Shares of Johnson Controls (NYSE: JCI) got a boost, shooting up 7.33 percent to $40.08 on upbeat Q3 profit.Overstock.com (NASDAQ: OSTK) was also up, gaining 17.12 percent to $33.45 on Q2 results.Equities Trading DOWN
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In commodity news, oil traded up 1.36 percent to $107.93, while gold traded up 0.43 percent to $1,284.30.Silver traded down 0.26 percent Thursday to $19.37, while copper rose 0.05 percent to $3.13.Euro zone
European shares were higher following the positive British retail sales data and bond auctions from France and Spain. British retail sales rose in line with estimate in June, gaining 0.2 percent in the month. However, the year-over-year figure was strong, showing 2.1 percent growth vs. an expected gain of 1.7 percent while May's year over year figure was revised higher to show 2.1 percent growth vs. the previous estimate of 1.9 percent.The Spanish Ibex Index rose 1.85 percent and the Italian FTSE MIB Index gained 2.28 percent. Meanwhile, the German DAX rose 1 percent and the French CAC 40 jumped 1.44 percent while U.K. shares surged 0.95 percent.Economics
US jobless claims fell 24,000 to 334,000 in the week that ended July 13. Economists were expecting initial claims to decline to 341,000.The Philadelphia Fed manufacturing index rose to 19.80 in July, versus a prior reading of 12.50. However, economists were expecting a reading of 8.00.US leading economic index came in unchanged in June, versus a growth of 0.2% in May. However, economists were projecting the leading economic index to rise 0.3%.Natural-gas supplies rose by 58 cubic billion cubic feet in the last week, the US Energy Information Administration reported. However, analysts were expecting an increase between 66 billion cubic feet and 70 billion cubic feet.
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.