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 Monday, the Dow traded up 0.23 percent to 18,910.63 while the NASDAQ climbed 0.63 percent to 5,354.79. The S&P also rose, gaining 0.46 percent to 2,191.85.
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Leading and Lagging Sectors
Monday morning, energy shares gained by 2.09 percent. Meanwhile, top gainers in the sector included CARBO Ceramics Inc. (NYSE: CRR), and Baytex Energy Corp (USA) (NYSE: BTE).
In trading on Monday, healthcare shares rose by just 0.2 percent. Meanwhile, top losers in the sector included Acorda Therapeutics Inc (NASDAQ: ACOR), down 7 percent, and Simulations Plus, Inc. (NASDAQ: SLP), down 4 percent.
Top Headline
Lifelock Inc (NYSE: LOCK) agreed to be acquired by Symantec Corporation (NASDAQ: SYMC) for $2.3 billion.
Symantec will pay $24 for each LifeLock share, representing a 15.7 percent premium over its closing price on Friday.
Equities Trading UP
Headwaters Inc (NYSE: HW) shares shot up 18 percent to $23.73 after Australia's Boral Ltd agreed to buy Headwaters for $2.6 billion.
Shares of Lifelock Inc (NYSE: LOCK) got a boost, shooting up 15 percent to $23.89 after the company agreed to be acquired by Symantec for $2.3 billion.
Applied Micro Circuits Corporation (NASDAQ: AMCC) shares were also up, gaining 12 percent to $8.12 after MACOM Technology Solutions Holdings Inc (NASDAQ: MTSI) agreed to buy Applied Micro for about $770 million.
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Equities Trading DOWN
Tyson Foods, Inc. (NYSE: TSN) shares dropped 16 percent to $56.79 after the company posted downbeat quarterly earnings and reported that its Donnie Smith is stepping down as CEO.
Shares of Live Ventures Inc (NASDAQ: LIVE) were down 11 percent to $2.49. Live Ventures reported Q4 preliminary earnings of $0.30 per share on revenue of $19 million.
Cubic Corporation (NYSE: CUB) was down, falling around 9 percent to $44.85. Cubic reported Q4 GAAP loss of $0.29 per share on sales of $406.6 million.
Commodities
In commodity news, oil traded up 2.52 percent to $47.53 while gold traded up 0.50 percent to $1,214.70.
Silver traded up 0.29 percent Monday to $16.77, while copper rose 2.12 percent to $2.53.
Eurozone
European shares were mostly higher today. The eurozone’s STOXX 600 gained 0.35 percent, the Spanish Ibex Index fell 0.02 percent, while Italy’s FTSE MIB Index fell 0.10 percent. Meanwhile the German DAX gained 0.43 percent, and the French CAC 40 climbed 0.61 percent while U.K. shares rose 0.08 percent.
Economics
The Chicago Fed National Activity Index rose to -0.08 for October, versus September reading of -0.23.
The Treasury is set to auction 3-and 6-month bills at 11:30 a.m. ET.
The Treasury will also auction 2-year notes at 1:00 p.m. ET.
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.