February 12, 2016 10:09 AM | 2 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.
Following the market opening Friday, the Dow traded up 0.70 percent to 15,769.11 while the NASDAQ climbed 0.57 percent to 4,291.22. The S&P also rose, gaining 0.78 percent to 1,843.26.
Leading and Lagging SectorsOn Friday, energy shares surged by 2.1 percent. Meanwhile, top gainers in the sector included
Alliance Resource Partners, L.P. (NASDAQ: ARLP), up 10 percent, and
NGL Energy Partners LP (NYSE: NGL) up 9 percent. In trading on Friday, utilities shares slipped by 0.01 percent. Meanwhile, top losers in the sector included
NRG Energy Inc (NYSE: NRG), down 4 percent, and
NorthWestern Corp (NYSE: NWE), down 2 percent.
Top HeadlineGroupon Inc (NASDAQ: GRPN) reported stronger-than-expected results for its fourth quarter on Thursday.Earnings were $0.04 per share above Wall Street's breakeven estimates, while revenue were $917.2 million above $845 million consensus.Groupon added that it sees full year 2016 revenue between $2.75 billion and $3 billion versus estimates of $2.97 billion.
Equities Trading UP Pro-Dex Inc (NASDAQ: PDEX) shares shot up 23 percent to $2.94. Pro-Dex reported Q2 earnings of $0.09 per share on revenue of $5.439 million.Shares of
Groupon Inc (NASDAQ: GRPN) got a boost, shooting up 22 percent to $2.73 after the company reported stronger-than-expected results for its fourth quarter on Thursday.
Moneygram International Inc (NASDAQ: MGI) shares were also up, gaining 11 percent to $5.26 after the company reported upbeat Q4 earnings.
Equities Trading DOWN LPL Financial Holdings Inc (NASDAQ: LPLA) shares dropped 32 percent to $17.13 after the company reported weaker-than-expected Q4 results.Shares of
Nu Skin Enterprises, Inc. (NYSE: NUS) were down 24 percent to $23.76 after the company reported weaker-than-expected Q4 results and issued a downbeat forecast.
Select Comfort Corp. (NASDAQ: SCSS) was down, falling around 24 percent to $15.52 after the company reported a wider-than-expected quarterly loss and issued a weak earnings forecast.
CommoditiesIn commodity news, oil traded up 6.10 percent to $27.81, while gold traded down 1.03 percent to $1,235.00. Silver traded down 0.66 percent Friday to $15.69, while copper rose 1.52 percent to $2.04.
EurozoneEuropean shares were higher today. The eurozone's STOXX 600 jumped 2.40 percent, the Spanish Ibex Index rose 1.72 percent, while Italy's FTSE MIB Index gained 3.19 percent. Meanwhile, the German DAX gained 2.07 percent, and the French CAC 40 surged 1.79 percent, while U.K. shares rose 2.08 percent.
EconomicsU.S. import prices declined 1.1 percent in January, while export prices slipped 0.8 percent in January.U.S. retail sales gained 0.2 percent in January, versus economists' expectations for a 0.1 percent growth.The University of Michigan's consumer sentiment index declined to 90.70 in February, versus a prior reading of 92.00. However, economists were expecting a reading of 92.00.
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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