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.
After posting some losses in the morning, U.S. stock indexes rebounded on Friday afternoon, after investors had time to digest April’s jobs data, which was not as bad as the market initially believed, analysts argued.
Among the day’s biggest gainers were materials, industrials and consumer discretionary companies, along with oil and gold, which were up roughly 0.62 percent and 1.44 percent, respectively. On the other hand, drugmakers, airlines and software stocks plunged.
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The S&P 500 Index delivered a 0.32 percent surge, to end the week down 0.39 percent. The largest returns on Friday were posted by Teradata Corporation (NYSE: TDC), PerkinElmer, Inc. (NYSE: PKI) and Transocean LTD (NYSE: RIG).
The Dow Jones Industrial Average gained 0.45 percent, closing the week down 0.19 percent. Among the biggest winners on the last day of the week were Wal-Mart Stores, Inc. (NYSE: WMT) and Cisco Systems, Inc. (NASDAQ: CSCO).
Finally, the Nasdaq 100 Index rose 0.48 percent, taking the weeks losses to 0.26 percent. Friday’s surge was partly driven by spikes in Activision Blizzard, Inc. (NASDAQ: ATVI) and DISH Network Corp (NASDAQ: DISH).
Opposite was the case of Endo International plc - Ordinary Shares (NASDAQ: ENDP), which lost 39.19 percent during the day despite a first quarter earnings and revenue beat. What was driving the stock down was the management’s guidance for 2016. The company now expects full-year non-GAAP EPS of $4.50 to $4.80 on revenues of $3.87 billion to $4.03 billion, down from a previous guidance of $5.85 to $6.20 and $4.32 billion to $4.52 billion.
After-Hours Movers
Among the stocks posting the largest moves in Friday’s after-hours session were:
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Bunge Ltd (NYSE: BG), up more than 20 percent after traders banned genetically modified crops without global approval
Ctrip.com International, Ltd. (ADR) (NASDAQ: CTRP), down 16.8 percent
Cincinnati Bell Inc. (NYSE: CBB), up 7.26 percent
KemPharm Inc (NASDAQ: KMPH), up 2.9 percent after a 55.9 percent loss during the day
Gold Fields Limited (ADR) (NYSE: GFI), up 2.81 percent on rising gold prices
Herbalife Ltd. (NYSE: HLF), up more than 2.7 percent on earnings and higher likeliness of an FTC deal
Apollo Education Group Inc (NASDAQ: APOL), up 2.68 percent after shareholders approved the sale of the company to a consortium of investors
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.