Bitcoin finally eclipsed 8,000, after weeks of being a piker. Remember like a week or so ago when it dove under 6,000 and everyone was crying in the streets, hoping to be bailed out by the crypto-gods? Thank goodness those stark days are over and new highs are being enjoyed — up 60% or so since then. On an annual basis, BTC is merely up 10x, a rounding error for those interested in largess.
Moving onto the pedestrian field of play, equity markets, Nasdaq futures are off by 4 and Europe is slightly higher. It’s all very nice and good.
In other news is real news, of which I will communicate to you now. BEHOLD.
Jack In The Box downgraded to Neutral from Outperform at Wedbush
Cavium Networks confirms deal to be acquired by Marvell (MRVL) for roughly $80/share in cash & stock, or approximately $6 bln
Vale S.A. upgraded to Outperform at RBC Capital Mkts; tgt raised to $14.50
Broadcom: AVGO announces Brocade deal close; expect financial outlook on 12/6 AMC results call – BRiley-FBR
Wal-Mart downgraded to Neutral from Buy at Goldman
Delphi Automotive upgraded to Buy from Neutral at BofA/Merrill
DBV Technologies reports Topline Safety Results from REALISE Phase III Trial of Viaskin Peanut
National Beverage upgraded to Positive from Neutral at Susquehanna