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.
Midway through trading Monday, the Dow traded up 0.35 percent to 16,610.99 while the NASDAQ surged 0.93 percent to 4,411.47. The S&P also rose, gaining 0.60 percent to 1,943.12.
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In trading on Monday, financial shares gained by just 0.49 percent. Meanwhile, top decliners in the sector included Central Valley Community Bancorp (NASDAQ: CVCY), down 6.4 percent, and Walter Investment Management (NYSE: WAC), off 4.7 percent.
Top Headline
The Priceline Group (NASDAQ: PCLN) reported better-than-expected quarterly profit, but issued a weak forecast for the third quarter.The Norwalk, Connecticut-based company posted a quarterly profit of $576.5 million, or $10.89 per share, versus a year-ago profit of $437.3 million, or $8.39 per share. Excluding non-recurring items, Priceline’s adjusted profit rose to $12.51 per share from $9.70 per share. Its total sales rose to $2.12 billion versus $1.68 billion. However, analysts were expecting a profit of $12.06 per share on revenue of $2.14 billion. For the current quarter, Priceline expects adjusted earnings of $19.60 to $21.10 per share, versus analysts’ estimates of $21.28 per share.
Equities Trading UP Chiquita Brands International (NYSE: CQB) shares shot up 31.41 percent to $13.22 after the Cutrale Group and the Safra Group proposed to acquire Chiquita Brands for $13.00 per share in cash.
Shares of MannKind (NASDAQ: MNKD) got a boost, shooting up 10.95 percent to $9.02 on Afrezza licensing deal.
Kinder Morgan (NYSE: KMI) shares were also up, gaining 10.88 percent to $40.05 after the company announced its plans to combine four publicly-traded companies in a deal valued at $70 billion. Kinder Morgan will also raise dividend by 16% to $2.00 per share in 2015.
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Equities Trading DOWN
Shares of Dean Foods Company (NYSE: DF) were down 5.77 percent to $14.90 after the company posted aZynga (NASDAQ: ZNGA) shares tumbled 1.22 percent to $2.85 after falling 1.37% on Friday on weaker-than-expected second-quarter revenue and downbeat revenue forecast for the third quarter.
Gogo (NASDAQ: GOGO) was down, falling 6.06 percent to $15.00 after the company reported a Q2 loss of $0.22 per share on revenue of $99.50 million.
Commodities
In commodity news, oil traded up 0.73 percent to $98.36, while gold traded down 0.18 percent to $1,308.60.Silver traded up 0.17 percent Monday to $19.98, while copper rose 0.16 percent to $3.18.
Euro zone
European shares were higher today. The eurozone’s STOXX 600 jumped 1.37 percent, the Spanish Ibex Index gained 0.88 percent, while Italy’s FTSE MIB Index surged 1.39 percent. Meanwhile, the German DAX jumped 1.90 percent and the French CAC 40 gained 1.20 percent while UK shares climbed 1 percent.
Economics
The Treasury is set to auction 4-week, 3-month and 6-month bills.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.