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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Dollar Tree (NASDAQ: DLTR) reported a drop in its third-quarter profit. Dollar Tree's quarterly profit declined to $125.4 million, or $0.58 per share, from a year-ago profit of $155.4 million, or $0.68 per share. Its net sales climbed to $1.88 billion from $1.72 billion. However, analysts were estimating earnings of $0.60 per share on sales of $1.91 billion. Dollar Tree's same-store sales increased 3.1% in the quarter. Dollar Tree projects full-year earnings of $2.72 to $2.78 per share on sales of $7.86 billion to $7.92 billion. For the fourth quarter, it expects earnings of $1.01 to $1.07 per share.Equities Trading UP
Green Mountain Coffee Roasters (NASDAQ: GMCR) shot up 13.36 percent to $70.09 after the company reported upbeat fiscal fourth-quarter results. However, the company issued weak forecast for the current quarter. Janney Capital upgraded the stock from Neutral to Buy.Shares of Johnson Controls (NYSE: JCI) got a boost, shooting up 5.70 percent to $50.97 after the company lifted its buyback program and increased its quarterly dividend.Williams-Sonoma (NYSE: WSM) was also up, gaining 5.75 percent to $58.70 after the company posted a 16% gain in its third-quarter profit and raised its view for the year.
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In commodity news, oil traded up 0.50 percent to $94.32, while gold traded down 1.38 percent to $1,240.60. Silver traded down 1.23 percent Thursday to $19.86, while copper fell 0.11 percent to $3.17.Euro zone
European shares were mixed today. The Spanish Ibex Index rose 0.24 percent, while Italy's FTSE MIB Index gained 0.34 percent. Meanwhile, the German DAX fell 0.11 percent and the French CAC 40 dropped 0.28 percent while U.K. shares gained 0.09 percent.EconomicsUS jobless claims declined by 21,000 to 323,000 in the week ended November 16. However, economists were projecting claims to drop to 334,000. US wholesale prices dropped 0.2% in October, versus economists' expectations for a 0.2% fall. However, core wholesale prices climbed 0.2%, versus economists' expectations for a 0.1% rise. The preliminary reading of the Markit's flash manufacturing PMI climbed to 54.3 in November, versus a final reading of 51.8 in October. However, economists were expecting a reading of 52.3. The Bloomberg Consumer Comfort Index declined to -34.60 in the week ended November 17, versus a prior reading of -33.90. The Philadelphia Fed's manufacturing index declined to 6.5 in November, versus 19.8 in October. However, economists were estimating a reading of 15. The Treasury is set to auction 3-and 6-month bills. The Treasury will also auction 2-year, 5-year and 7-year notes. Data on money supply will be released at 4:30 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.