January 13, 2016 3:00 PM | 1 min read |
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.
Technology stocks were under performing the broader indices during Wednesday's trading session, as evident by the larger declines in the Nasdaq index.With less than 2 hours remaining during Wednesday's trading session, the
PowerShares QQQ Trust, Series 1 (ETF) (NASDAQ: QQQ) was lower by 2.50 percent. At the same time, the
SPDR S&P 500 ETF Trust (NYSE: SPY) was lower by 1.68 percent while the
SPDR Dow Jones Industrial Average ETF (NYSE: DIA) was lower by 1.41 percent.Shares of
Apple Inc. (NASDAQ: AAPL) were the most actively traded technology stock, followed by
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Amazon.com, Inc. (NASDAQ: AMZN) and
Microsoft Corporation (NASDAQ: MSFT). In fact, the 3 stocks were lower by 1.13 percent, 5.11 percent, and 1.14 percent, respectively.Daniel Ives of FBR & Co.
defended Apple's stock on Wednesday while Ross Sandler of Deutsche Bank dialed back his bullish tone on Amazon, noting that the company could regress from margin expansion mode to investment mode this year.However, Sandler did maintain a Buy rating and $800 price target on Amazon's stock.Shares of Alphabet Inc (NASDAQ: GOOG) were lower by nearly 3 percent on no notable news, while shares of Facebook Inc (NASDAQ: FB) were also lower by more than 3 percent on no notable news.Meanwhile, shares of Netflix, Inc. (NASDAQ: NFLX) plunged lower by more than 8 percent, similarly on no notable news. Nevertheless, the stock is higher by around 130 percent over the past year.According to Google Finance,
Multi-Fineline Electronix, Inc. (NASDAQ: MFLX) was the worst performing technology stock as the issue lost more than 18 percent. On the other hand,
Boingo Wireless Inc (NASDAQ: WIFI) led all technology related stocks with a 4.79 percent gain.
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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