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.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
Energy sector was the top gainer in the US market on Wednesday. Top gainers in the sector included Trina Solar (NYSE: TSL), Endeavour International (NYSE: END), and CGG (NYSE: CGG). In trading on Wednesday, utilities shares rose by just 0.01 percent. Top decliners in the sector included Pampa Energia SA (NYSE: PAM), down 1.7 percent, and TransAlta (NYSE: TAC), off 0.8 percent.Top Headline
Tiffany & Co (NYSE: TIF) reported a rise in its first-quarter earnings and raised its forecast. Tiffany's quarterly earnings surged to $126 million, or $0.97 per share, versus a year-ago profit of $84 million, or $0.65 per share. Its sales climbed 13% to $1.0 billion, while comparable store sales surged 11%. However, analysts were expecting earnings of $0.77 per share on sales of $954 million. Tiffany now expects FY15 earnings of $4.15 to $4.25 per share, versus a previous range of $4.05 to $4.15 per share. It also projects sales to increase in the high single digits. Equities Trading UP
Trina Solar (NYSE: TSL) shares shot up 16.36 percent to $12.06 after the company reported a Q1 profit of $0.37 per ADS on revenue of $444.80 million. Shares of MakeMyTrip (NASDAQ: MMYT) got a boost, shooting up 10.04 percent to $23.01 after the company reported a Q4 loss of $0.07 per share on revenue of $60.90 million. Tiffany & Co (NYSE: TIF) shares were also up, gaining 8.87 percent to $96.06 after the company reported better-than-expected first-quarter earnings and raised its forecast.Equities Trading DOWN
Shares of PetSmart (NASDAQ: PETM) were 4.34 percent to $59.49 after the company reported Q1 earnings of $1.04 per share on revenue of $1.73 billion and lowered its FY14 earnings forecast. Intuit (NASDAQ: INTU) shares tumbled 2.15 percent to $75.19 after the company issued a downbeat forecast
FREE REPORT: How To Learn Options Trading Fast
In this special report, you will learn the four best strategies for trading options, how to stay safe as a complete beginner, a 411% trade case study, PLUS how to access two new potential winning options trades starting today.Claim Your Free Report Here.
In commodity news, oil traded up 0.82 percent to $103.17, while gold traded down 0.32 percent to $1,290.50. Silver traded down 0.10 percent Wednesday to $19.38, while copper fell 1.34 percent to $3.10.Euro zone
European shares were higher today. The eurozone's STOXX 600 gained 0.42 percent, the Spanish Ibex Index rose 0.58 percent, while Italy's FTSE MIB Index gained 1.03 percent. Meanwhile, the German DAX climbed 0.44 percent and the French CAC 40 surged 0.17 percent while UK shares rose 0.02 percent.Economics
The MBA reported that its index of mortgage application activity gained 0.9% in the week ended May 16. The Federal Open Market Committee will release 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.