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.
Top Headline
McDonald's (NYSE: MCD) reported downbeat comparable-restaurant sales for October.
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Equities Trading UP
Santarus (NASDAQ: SNTS) shot up 37.47 percent to $31.92 after Salix Pharmaceuticals (NASDAQ: SLXP) announced its plans to buy Santarus for around $2.12 billion. Santarus and Pharming also announced new data from open-label repeat treatment study with RUCONEST.
Salix Pharmaceuticals (NASDAQ: SLXP) was also up, gaining 12.27 percent to $80.06 after the company announced its plans to buy Santarus for around $2.12 billion. Janney Capital upgraded Salix from Neutral to Buy and lifted the price target from $60.00 to $95.00.
Equities Trading DOWNShares of Microsemi (NASDAQ: MSCC) were down 6.95 percent to $22.49 after the company issued a downbeat Q1 outlook.
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U.S. Silica Holdings (NYSE: SLCA) shares tumbled 4.45 percent to $31.28 after the company priced 11.5 million shares at $31.50 per share for selling holders.
Eldorado Gold (NYSE: EGO) was down, falling 4.60 percent to $6.22 after the company reported a downbeat Q3 profit.Commodities
In commodity news, oil traded up 0.32 percent to $94.50, while gold traded down 1.98 percent to $1,282.60.
Eurozone
European shares were mostly lower today. The Spanish Ibex Index dropped 0.44 percent, while Italy's FTSE MIB Index rose 0.05 percent. Meanwhile, the German DAX declined 0.53 percent and the French CAC 40 tumbled 0.87 percent while U.K. shares fell 0.37 percent.
The US economy added 204,000 jobs last month, while the unemployment rate rose to 7.3 percent from 7.2 percent in October. However, economists were projecting a gain of 120,000 jobs in October.
US consumer spending increased 0.2 percent in September, versus an unrevised 0.3 percent growth in August. Personal income increased 0.5 percent in the month. However, economists were expecting a 0.3 percent rise in spending and personal income.
The preliminary reading of the Reuter's/University of Michigan's consumer sentiment index declined to 72 in November, versus a final reading of 73.2 in October. However, economists were expecting the index to increase to 75.Fed Chairman Ben Bernanke is expected to speak at 3:30 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.