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 Tuesday, the Dow traded down 0.33% to 27,943.49 while the NASDAQ rose 0.31% to 8,576.50. The S&P also fell, dropping 0.01% to 3,121.93.
Leading and Lagging Sectors
Health care shares climbed 0.5% on Tuesday. Meanwhile, top gainers in the sector included Myovant Sciences Ltd. (NASDAQ:MYOV), up 99%, and Athenex, Inc. (NASDAQ:ATNX), up 36%.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
In trading on Tuesday, energy shares fell 1%.
Top Headline
Home Depot Inc (NYSE:HD) reported upbeat earnings for its third quarter, while sales missed estimates. The company also cut its FY19 sales growth forecast.
Home Depot posted quarterly earnings of $2.53 per share, beating analysts’ estimates of $2.52 ;per share. Its sales came in at $27.2 billion, missing expectation of $27.53 billion. Same-store sales increased 3.6% during the quarter.
Home Depot said it expects FY19 sales to rise about 1.8%, versus previous outlook of a 2.3% rise. The company projects same-store sales growth of 3.5%.
Equities Trading UP
Myovant Sciences Ltd. (NYSE:MYOV) shares shot up 99% to $12.03 following a positive late-stage clinical readout. Myovant said the Phase 3 study dubbed HERO that evaluated once-daily oral relugolix 120mg in men with advanced prostate cancer met the primary efficacy endpoint, as well as six key secondary endpoints.
Shares of SAExploration Holdings, Inc. (NASDAQ:SAEX) got a boost, shooting up 78% to $2.70 after the company late Monday reported a combined $130 million of new projects om Alaska, Canada and the Middle East.
The Medicines Company (NASDAQ:MDCO) shares were also up, gaining 19% to $69.85 following reports Novartis is considering making an offer to acquire the company.
Equities Trading DOWN
Intelsat S.A. (NYSE:I) shares tumbled 19% to $6.51 after Evercore ISI Group downgraded the stock from Outperform to In-Line and lowered the price target from $38 to $11 per share.
Shares of KLX Energy Services Holdings, Inc. (NASDAQ:KLXE) were down 27% to $5.36 after the company announced Q3 cost reduction program. The company sees Q3 charge of $13 million.
Kohl's Corporation (NYSE:KSS) was down, falling 19% to $47.54 after the company reported worse-than-expected Q3 EPS results. The company also cut FY19 EPS guidance.
Commodities
In commodity news, oil traded down 3% to $55.35, while gold traded up 0.2% to $1,474.30.
Silver traded up 0.7% Tuesday to $17.115, while copper rose 1.4% to $2.656.
Euro zone
European shares closed mostly higher today. The eurozone’s STOXX 600 fell 0.12%, the Spanish Ibex Index rose 0.01%, while Italy’s FTSE MIB Index fell 0.57%. Meanwhile, the German DAX climbed 0.11%, and the French CAC 40 fell 0.35% while UK shares rose 0.22%.
Economics
U.S. housing starts rose 3.8% to an annual rate of 1.314 million for October. Building permits increased 5% to an annual rate of 1.461 million.
The Johnson Redbook Retail Sales Index fell 0.3% during the first two weeks of November versus October.
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.