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.
IN THE NEWS
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Twitter Inc (NYSE:TWTR) filed a lawsuit against multiple federal agencies and officials Thursday after agents demanded records revealing an anonymous government critic. Twitter said it would not release the information until the defendants prove they are “not motivated by a desire to suppress free speech”: Link
Tesla Inc (NASDAQ:TSLA) shares have been on fire this week, pushing to new all-time highs above $300 for the first time ever. However, for Barclays analyst Brian Johnson, the positive momentum is just more reason to dump Tesla stock: Link
The path forward for Federal National Mortgage Assctn Fnni Me (OTC:FNMA) and Federal Home Loan Mortgage Corp (OTC:FMCC) shareholders has gotten much narrower in the past five months. According to Height Securities' Edwin Groshans, that path may also be much longer than investors realize: Link
THE WALL STREET JOURNAL
The U.S. military launched nearly 60 Tomahawk cruise missiles against a Syrian air base Friday, responding to mounting calls for a display of force in the wake of this week’s suspected chemical-weapons attack in Syria: Link
Federal Communications Commission Chairman Ajit Pai laid out preliminary plans to roll back the agency’s net neutrality rules in a meeting this week with trade associations, according to several people familiar with the matter: Link
REUTERS
Oil prices held near one-month highs on Friday after the United States attacked a Syrian air base but stocks and the dollar recovered early falls when a U.S. official played down the risks of an escalation: Link
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The Trump administration and the Japanese government are in discussions to ensure that the bankruptcy of Toshiba Corp's U.S. unit Westinghouse Electric Co does not lead to U.S. technology secrets and infrastructure falling into Chinese hands, a U.S. official said on Thursday: Link
BLOOMBERG
The battered American retail industry took a few more lumps this week, with stores at both ends of the price spectrum preparing to close their doors: Link
Judge Neil Gorsuch is poised to win an intensely political confirmation fight to join a U.S. Supreme Court already struggling to stay above politics: Link
NY POST
Shares of the country’s largest wireless companies slipped on Thursday after Comcast (NASDAQ:CMCSA) unveiled an unlimited-data mobile phone service for as little as $45 per month: Link
ECONOMIC DATA
- USA Nonfarm Payrolls for Mar 98.0K vs 180.0K est. USA Private Payrolls for Mar 89.0K vs 175.0K est; Unemployment Rate 4.50% vs 4.70% est.
- Data on wholesale inventories for February will be released at 10:00 a.m. ET.
- New York Federal Reserve Bank President William Dudley is set to speak in New York at 12:15 p.m. ET.
- The Baker Hughes North American rig count report for the latest week is schedule for release at 1:00 p.m. ET.
- Data on consumer credit for February will be released at 3:00 p.m. ET.
ANALYST RATINGS
- Telsey Advisory Group upgraded Wal-Mart Stores (NYSE:WMT) from Market Perform to Outperform
- Deutsche Bank upgraded Buckle (NYSE:BKE) from Sell to Hold
- JP Morgan upgraded Twilio (NYSE:TWLO) from Neutral to Overweight
- Baird downgraded AECOM (NYSE:ACM) from Outperform to Neutral
- DA Davidson downgraded CU Bancorp (NASDAQ:CUNB) from Buy to Neutral
- Nomura downgraded Arista Networks (NYSE:ANET) downgraded from Buy to Neutral
This is a tool used by the Benzinga News Desk each trading day — it's a look at everything happening in the market, in five minutes. To get the full version of this note every morning, click here or email minutes@benzinga.com.
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.