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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Lowe's Companies (NYSE: LOW) reported a 26% rise in its fiscal second quarter earnings and lifted its forecast for the year.Lowe's quarterly profit surged to $941 million, or $0.88 per share, from $747 million, or $0.64 per share, in the year-earlier period.Its net sales climbed 10% to $15.71 billion. However, analysts were expecting earnings of $0.79 per share on revenue of $15.07 billion.Lowe's now projects full-year earnings of $2.10 per share on sales growth of 5%. The company had earlier expected earnings of $2.05 per share on sales growth of 4%.Equities Trading UP
Incyte (NASDAQ: INCY) shot up 22.33 percent to $33.03 on positive top-line results of Phase II proof-of-concept trial of ruxolitinib.Shares of Lowe's Companies (NYSE: LOW) got a boost, shooting up 4.45 percent to $46.04 after the company reported a 26% rise in its fiscal second quarter earnings and lifted its forecast for the year.Trina Solar (NYSE: TSL) was also up, gaining 4.86 percent to $8.20 after Cowen & Company upgraded the stock from Market Perform to Outperform.Equities Trading DOWN
Shares of Staples (NASDAQ: SPLS) were down 12.23 percent to $14.78 after the company reported weaker-than-expected
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In commodity news, oil traded down 0.15 percent to $104.95, while gold traded down 0.58 percent to $1,364.60.Silver traded down 0.45 percent Wednesday to $23.02, while copper fell 0.64 percent to $3.32.Eurozone
European shares were lower today. The Spanish Ibex Index tumbled 0.54 percent, while Italy's FTSE MIB Index dropped 0.91%. Meanwhile, the German DAX declined 0.18 percent and the French CAC 40 dipped 0.02 percent while U.K. shares fell 0.52 percent.Economics
The Mortgage Bankers Association reported that its index of mortgage application activity declined 4.6% in the week ended August 16.US existing-home sales climbed 6.5% to an annual rate of 5.39 million. However, economists were estimating a sales rate of 5.21 million.The Federal Open Market Committee will issue minutes of its latest meeting at 2:00 p.m. ET.
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.