March 11, 2016 2:26 PM | 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.
Toward the end of trading Friday, the Dow traded up 1.20 percent to 17,199.62 while the NASDAQ climbed 1.47 percent to 4,730.73. The S&P also rose, gaining 1.38 percent to 2,017.11.
Leading and Lagging SectorsOn Friday, energy shares surged by 2.60 percent. Top gainers in the sector included
Oceaneering International (NYSE: OII),
Willbros Group Inc (NYSE: WG), and
Cobalt International Energy, Inc. (NYSE: CIE). In trading on Friday, non-cyclical consumer goods & services shares rose by just 0.3 percent. Meanwhile, top losers in the sector included
Medifast Inc (NYSE: MED), down 5 percent, and
Bridgford Foods Corporation (NASDAQ: BRID), down 6 percent.
Top Headline Hibbett Sports, Inc. (NASDAQ: HIBB) reported better-than-expected earnings for its fourth quarter on Friday.The Birmingham, Alabama-based company posted a quarterly profit of $0.76 per share, on revenue of $245.7 million. However, analysts were expecting earnings of $0.73 per share on revenue of $246.2 million.Hibbett projects full-year earnings of $2.90 to $3.04 per share, versus analysts' estimates of $3.08 per share..
Equities Trading UP
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(NASDAQ: FCTY) shares shot up 32 percent to $10.89 after the company agreed to be acquired by MidFirst Bank for $11.22 per share in cash.Shares of
Bojangles Inc (NASDAQ: BOJA) got a boost, shooting up 20 percent to $18.04 as the company reported stronger-than-expected earnings for the fourth quarter on Thursday.
Finisar Corporation (NASDAQ: FNSR) shares were also up, gaining 18 percent to $16.70 after the company reported upbeat Q3 earnings.
Equities Trading DOWN FXCM Inc (NYSE: FXCM) shares dropped 23 percent to $11.15 after the company delivered a fourth-quarter net loss of $(15.75) per share, and revenue of $66.99 million.Shares of
TrovaGene Inc (NASDAQ: TROV) were down 13 percent to $5.28. Trovagene reported a Q4 loss of $(0.26) per share.
Sunrun Inc (NASDAQ: RUN) was down, falling around 13 percent to $6.22. Sunrun reported a Q4 loss of $(0.15) per share on revenue of $99.6 million.
CommoditiesIn commodity news, oil traded up 1.82 percent to $38.53, while gold traded down 1.01 percent to $1,259.90. Silver traded up 0.46 percent Friday to $15.62, while copper rose 0.95 percent to $2.24.
EurozoneEuropean shares closed higher today. The eurozone's STOXX 600 rose 2.62 percent, the Spanish Ibex Index rose 3.7069 percent, while Italy's FTSE MIB Index jumped 4.80 percent. Meanwhile, the German DAX climbed 3.51 percent, and the French CAC 40 surged 3.27 percent, while U.K. shares rose 1.71 percent.
EconomicsU.S. import prices declined 0.3 percent in February, versus economists' expectations for a 0.6 percent drop.
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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