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.
Shares of Intel Corporation (NASDAQ: INTC) are very slightly up (less than 0.5 percent) on Tuesday’s after-hours trading, following the announcement of the company’s third quarter financial results. The tech giant reported earnings of $0.64 per share on revenue of $14.465 billion, ahead of guidance and the Street’s consensus estimate of $0.59 per share and $14.23 billion.
On the other hand, JPMorgan Chase & Co. (NYSE: JPM), which also reported its third quarter earnings after the bell is down roughly 1 percent as earnings of $1.32 per share on revenue of $23.535 billion fell short of the Street’s expectations for EPS of $1.38 on sales of $23.819 billion.
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Also moving on its earnings report is CSX Corporation (NYSE: CSX). The transportation company delivered earnings of $0.52 per share on revenue of $2.939 billion, versus the Street’s consensus, which called for EPS of $0.50, but sales of $3.038 billion. Despite the revenue miss, the shares are up more than 1.5 percent.
Leaving earnings calls aside, the biggest gainer of the afternoon is SanDisk Corporation (NASDAQ: SNDK), which is up almost 13 percent in after-hours trading after Bloomberg reported (on TV) that the storage solutions provider is working with a banker to explore the option of a sale.
Opposite is the case of Cepheid (NASDAQ: CPHD), the biggest loser of Tuesday’s after-hours so far. The stock is down more than 12 percent after the company published its preliminary results for its third quarter.
Disclosure: Javier Hasse holds no positions in any of the securities mentioned above.
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.