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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Rite Aid (NYSE: RAD) reported a 16% rise in its fiscal third-quarter earnings.
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Rite Aid's quarterly profit surged to $71.5 million, from $61.9 million, in the year-ago period. On a per-share basis, its earnings fell to $0.04 per share from $0.07. Its revenue rose 1.9% to $6.36 billion. However, analysts were estimating earnings of $0.04 per share on revenue of $6.32 billion.
Equities Trading UPIAC/InterActiveCorp (NASDAQ: IACI) shot up 15.54 percent to $69.43 after the company reported that that it is reorganizing and that Greg Blatt, its CEO, will become the Chairman of the newly created Match Group.
Shares of SolarCity (NASDAQ: SCTY) were on the rise as well, gaining 7.08 percent to $56.54 despite little news on the company.
Oracle (NASDAQ: ORCL) was also up, gaining 6.73 percent to $36.92 after the company reported upbeat fiscal second-quarter results.Equities Trading DOWN
Shares of Semtech (NASDAQ: SMTC) were down 11.763 percent to $24.77 on lowered forecast. Raymond James downgraded the stock from Strong Buy to Outperform.
Darden Restaurants (NYSE: DRI) was down, falling 4.80 percent to $50.38 after the company reported a drop in its second-quarter profit. For the FY14, Darden projects earnings to fall 15% to 20% versus the earlier year.
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Silver traded down 2.38 percent Thursday to $19.26, while copper fell 0.75 percent to $3.29.
EurozoneEuropean shares were higher today. The Spanish Ibex Index gained 2.34 percent, while Italy's FTSE MIB Index climbed 1.78 percent. Meanwhile, the German DAX surged 1.68 percent and the French CAC 40 jumped 1.64 percent while U.K. shares gained 1.43 percent.
Economics
U.S. initial claims rose by 10,000 to 379,000 in the week ended December 14. However, economists were expecting jobless claims to decline to 336,000 in the week.
The Philadelphia Fed manufacturing index rose to 7.00 in December, versus a prior reading of 6.50. However, economists were expecting a reading of 10.00. The leading economic index climbed 0.8% to 98.3 in November, versus 97.5 in the earlier month.
The Bloomberg Consumer Comfort Index rose to minus 29.4 in the week ended December 15, versus minus 30.9 in the prior period.
Supplies of natural gas declined 285 billion cubic feet for the week ended December 13, the US Energy Information Administration reported. However, economists were expecting a fall of 260 billion cubic feet to 264 billion cubic feet.The Treasury is set to auction 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.