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.
Retail stocks were a mixed bag Thursday amid diverging September sales reports and the backdrop of the larger market's continued sell-off.
Cato Corp. (NYSE: CATO) posted September same-store sales growth of 5 percent, beating estimates. The Charlotte, North Carolina-based apparel chain said it expects third-quarter earnings "at the higher end" of its guidance range of $.08 to $0.13 a share. Wall Street expects earnings of $0.15 a share.
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!
Cato shares were off 1.6 percent Thursday compared with a with a 1.9 percent decline for the Standard and Poor's 500.
Weighing on apparel retailers is news from Gap Inc. (NYSE: GPS) of flat September growth and the retirement announcement from its Chief Executive Glen K. Murphy.
Gap traded down more than 12 percent Thursday afternoon.
Costco Wholesale Corp.'s (NASDAQ: COST) September same-store sales grew 4 percent, missing expectations, although shares of the Issaquah, Washington-based company were nearly unchanged Thursday.
Kearney, Nebraska-based The Buckle Inc. (NYSE: BKE) beat expectations, posting September same-store sales growth of 2.2 percent; its shares fell nearly 2 percent.
Rite Aid Corp. (NYSE: RAD), Camp Hill, Pennsylvania, posted September same-store sales of 5.1 percent including front-end sales growth of 2.3 percent and pharmacy growth of 6.3 percent. Rite Aid shares were off a half-point.
Walgreen Co. (NYSE: WAG) posted 9.4 percent growth in same-store sales including 2.2 percent at the front end. Shares of the Deerfield, Illinois-based company were almost unchanged.
Zumiez Inc. (NASDAQ: ZUMZ), a Lynnwood, Washington-based sportswear retailer, said same-store September sales grew 6.6 percent. Zumiez shares were up Thursday 6 percent.
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.