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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In trading on Tuesday, technology shares were relative leaders, up on the day by about 0.12 percent. Leading the sector was strength from Aeroflex Holding (NYSE: ARX) and Canadian Solar (NASDAQ: CSIQ). Cyclical consumer goods & services shares declined around 0.71 percent in Tuesday's trading. Top losers in the sector included Dick's Sporting Goods (NYSE: DKS), down 16.6 percent, and Staples (NASDAQ: SPLS), off 12 percent. Top Headline
Staples (NASDAQ: SPLS) reported a drop in its fiscal first-quarter profit. Staples posted its quarterly earnings of $96.2 million, or $0.15 per share, versus $169.9 million, or $0.26 per share, in the year-ago period. Excluding certain items, it earned $0.18 per share. Its sales declined 2.8% to $5.65 billion. However, analysts were expecting earnings of $0.21 per share on revenue of $5.61 billion. Staples expects Q2 adjusted earnings of $0.09 to $0.14 per share, versus analysts' estimates of $0.15 per share. Equities Trading UP
Aeroflex Holding (NYSE: ARX) shares shot up 25.75 percent to $10.45 after the company agreed to be acquired by Cobham plc for $10.50 per share, or $1.46 billion. Shares of Ophthotech (NASDAQ: OPHT) got a boost, shooting up 21.20 percent to $38.13 after the company reported that it has entered into an ex-US licensing and commercialization deal with Novartis Pharmaceuticals. Red Robin Gourmet Burgers (NASDAQ: RRGB) shares were also up, gaining 12.22 percent to $71.65 after the company reported better-than-expected quarterly results.Equities Trading DOWN
Shares of Dick's Sporting Goods (NYSE: DKS) were 16.69 percent to $44.29 after the company reported quarterly results and
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In commodity news, oil traded down 0.13 percent to $102.48, while gold traded up 0.06 percent to $1,294.60. Silver traded up 0.29 percent Tuesday to $19.41, while copper fell 0.84 percent to $3.14.Euro zone
European shares were mostly lower today. The eurozone's STOXX 600 dropped 0.01 percent, the Spanish Ibex Index rose 0.29 percent, while Italy's FTSE MIB Index gained 0.34 percent. Meanwhile, the German DAX tumbled 0.09 percent and the French CAC 40 declined 0.39 percent while UK shares slipped 0.60 percent.Economics
The ICSC-Goldman same-store sales index declined 1.3% in the week ended Saturday versus the prior week. The Johnson Redbook Retail Sales Index gained 1% in the first two weeks of May versus April.
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.