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
BENZINGA
Amazon.com, Inc. (NASDAQ:AMZN) and DISH Network Corp (NASDAQ:DISH) could potentially be taking their ever-deepening relationship one step further: Link
The Department of Labor is moving forward with the first stage of the new fiduciary rule, a federal regulation requiring financial advisors to act in the best interest of their clients: Link
A plethora of diversified emerging markets exchange-traded funds are soaring this year, including some smart beta strategies: Link
THE WALL STREET JOURNAL
Former FBI Director James Comey told senators Thursday that he felt President Donald Trump had directed him to drop an investigation into a former adviser, and that after his firing he leaked accounts of his conversations with the president in hopes of sparking the appointment of a special counsel: Link
Matthew Zames, the chief operating officer at JP Morgan Chase & Co. (NYSE:JPM) once thought to be a possible successor to Chief Executive James Dimon, is leaving the firm, the bank said Thursday: Link
REUTERS
British voters dealt Prime Minister Theresa May a devastating blow in a snap election she had called to strengthen her hand in Brexit talks, wiping out her parliamentary majority and throwing the country into political turmoil: Link
For the last U.S.-based manufacturer of the red and white striped candy cane that is a ubiquitous North American holiday season treat, the sugar supply deal struck between Mexico and Washington is anything but sweet: Link
BLOOMBERG
Deutsche Bank AG (NYSE:DB) won’t comply with a request to hand over information relating its relationship with Donald Trump and trades from the bank’s Moscow operation as political opponents seek to probe the U.S. president’s links with Russia: Link
The value-factor strategy of buying stocks with the lowest valuations and selling those with the highest, pioneered by Eugene Fama and Kenneth French and espoused by none other than Warren Buffett, isn’t working: Link
NY POST
Anthony Scaramucci’s White House ambitions may end up taking the former hedgie to Paris: Link
ECONOMIC DATA
- Data on wholesale trade inventories for April will be released at 10:00 a.m. ET.
- The Baker Hughes North American rig count for the latest week is schedule for release at 1:00 p.m. ET.
ANALYST RATINGS
- Morgan Stanley upgraded Zynga (NASDAQ:ZNGA) from Equal-Weight to Overweight
- FBR upgraded Comerica (NYSE:CMA) from Market Perform to Outperform
- UBS upgraded Citigroup (NYSE:C) from Sell to Neutral
- Longbow downgraded Domino's (NYSE:DPZ) from Buy to Neutral
- Leerink downgraded Patheon N.V. (NYSE:PTHN) from Outperform to Market Perform
- FBR downgraded Atlantic Coast Financial (NASDAQ:ACFC) from Outperform to Market Perform
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.
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