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 Netflix, Inc. (NASDAQ: NFLX) were trading up more than 8 percent on Tuesday’s after-hours session, following the announcement of the company’s fourth quarter fiscal 2015 financial results. The video streaming provider reported earnings of $0.07 per share, well above the Street’s consensus of $0.03 per share, on revenue of $1.823 billion, pretty much in line with estimates. Management had guided for earnings of $0.02 per share.
On top of the earnings beat, another element driving the stock’s surge was the addition of 5.59 million streaming subscribers over the fourth quarter. Management was expecting 5.15 million new subscribers for the period.
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Another stock on the move was International Business Machines Corp. (NYSE: IBM), which was down almost 1 percent since the bell rang. The Big Blue delivered earnings of $4.84 per share, beating the Street’s consensus, which called for earnings of $4.76 per share. However, revenue of $22.059 fell short of expectations for $22.231 billion in sales. According to management, the disappointing sales were driven by a strong U.S. dollar and faint IT spending.
An even bigger loser on Tuesday afternoon was Advanced Micro Devices, Inc. (NASDAQ: AMD), which reported its fourth quarter fiscal 2015 financial results after the market closed. The small cap semiconductor company’s stock lost more than 7 percent in after-hours, after it delivered a net loss of ($0.10) per share on revenue of $958 million – even though these figures were pretty much in line with the Street’s consensus of ($0.10) per share and $954.52 million. Management blamed weak demand from the PC market for the 22.7 percent decline in sales.
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.