Streetbeat News

Analyst Ratings

PLD

Raymond James analyst William Crow maintains a Strong Buy rating on Prologis (NYSE:PLD), but has lowered the price target from $145 to $130.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2023 | 8:31 am

BTCUSD

New evidence presented by Jameson Lopp, co-founder of Bitcoin custody firm Casa, suggests that Bitcoin pioneer Hal Finney is not Satoshi Nakamoto, the pseudonymous founder of Bitcoin. Lopp's research is based on the activity timeline of both individuals on April 18, 2009, and other discrepancies in their work. However, Lopp concedes that there could be counterarguments to his theory.

Portfolio Pulse from Mehab Qureshi

October 23, 2023 | 7:27 am

BTCUSD

Former White House Communication Director Anthony Scaramucci has dismissed rumors that he predicted a Bitcoin price surge to $31 million upon the approval of an ETF. However, he remains optimistic about Bitcoin's potential, envisioning a 2,662% rise from its current valuation of approximately $543 billion. Scaramucci does not foresee Bitcoin replacing traditional fiat currencies universally within his lifetime. He also expressed disappointment with Sam Bankman-Fried, the founder of the now-defunct FTX exchange.

Portfolio Pulse from Mehab Qureshi

October 23, 2023 | 4:27 am

AYR

CNTMF

CRLBF

CURLF

ITHUF

TRUL

VRNO

A report by Z&A research firm reveals mixed growth in the cannabis industry across 17 states in 3Q23. Seven states saw a decline in sales, while ten posted growth. Maryland's sales doubled due to the initiation of recreational sales. Florida and Massachusetts saw mid-single-digit growth, while Illinois, New Mexico, and Washington reported low single-digit growth. However, sales declined in Missouri, Ohio, Oregon, California, Colorado, and Nevada. The report also highlights the impact of revenue per store on operator margins and the effect of the number of stores on operators.

Portfolio Pulse from Nicolás Jose Rodriguez

October 23, 2023 | 2:26 am

BTCUSD

DOGEUSD

ETHUSD

Major cryptocurrencies including Bitcoin, Ethereum, and Dogecoin experienced a significant surge, with Bitcoin reaching $30,000. Over $65 million worth of shorts were liquidated in the past 24 hours, contributing to a total of $98 million in total liquidations. JPMorgan analysts expect the approval of spot Bitcoin ETFs within the next few months. The global crypto market cap currently stands at $1.11 trillion. Stock futures are showing a slight uptick as traders anticipate the upcoming release of earnings reports from major tech companies.

Portfolio Pulse from Mehab Qureshi

October 23, 2023 | 2:18 am

JNJ

PSIL

TSLA

The article discusses the growing acceptance of psychedelic substances in treating mental health issues, with celebrities like Jada Pinkett Smith sharing their positive experiences. It also mentions the death of esteemed psychedelic researcher Dr. Roland Griffiths. A Congressional hearing on the use of psychedelics for mental health disorders was postponed. Harvard University is creating a Study of Psychedelics in Society and Culture, backed by a $16 million donation from a former Tesla employee. The article also provides updates on various companies in the psychedelic sector, including Small Pharma, Johnson & Johnson, Lucy Scientific, and others. The AdvisorShares Psychedelics ETF (PSIL) continues a descending trend.

Portfolio Pulse from Lara Goldstein

October 22, 2023 | 7:18 pm

ARVN

Arvinas, Inc. (NASDAQ:ARVN) has announced interim data from its Phase 1/2 clinical trial for bavdegalutamide (ARV-110), a novel PROTAC® protein degrader, at the European Society for Medical Oncology Congress. The company also presented new data from an updated analysis of its ongoing Phase 1/2 clinical trial with its second-generation PROTAC AR degrader, ARV-766, showing clinical activity extending across patients with AR LBD mutations. Arvinas plans to prioritize the initiation of a Phase 3 trial with ARV-766 in mCRPC.

Portfolio Pulse from Charles Gross

October 22, 2023 | 3:28 pm

BTCUSD

ETHUSD

LTCUSD

Crypto analyst Tone Vays has warned traders to be cautious despite Bitcoin's recent 10% increase in value, expressing doubts about its potential to sustain this momentum and hit the $32,000 mark. He also predicted a potential fall for Bitcoin to around $28,000. Vays also pointed out a potential double-bottom pattern forming against Bitcoin for Ethereum, predicting challenges ahead for the cryptocurrency. He also anticipated a continued decline in Litecoin's value relative to Bitcoin.

Portfolio Pulse from Bibhu Pattnaik

October 22, 2023 | 3:21 pm

STRO

Sutro Biopharma announced initial results from a Phase 1 dose-expansion study of luveltamab tazevibulin (luvelta), a novel Folate receptor alpha (FolRα)-targeting ADC, in patients with endometrial cancer. The study showed encouraging preliminary anti-tumor activity in patients with FolRα-expressing endometrial cancer. In patients with TPS >25% FolRα expression, a confirmed partial response was seen in 29% of cases, and the Disease Control Rate was 86%.

Portfolio Pulse from Charles Gross

October 22, 2023 | 3:17 pm

JNJ

Janssen Pharmaceutical, a subsidiary of Johnson & Johnson, announced positive results from the Phase 2b SunRISe-1 study of TAR-200 monotherapy for high-risk non-muscle-invasive bladder cancer. The study showed a 77% complete response rate in patients, with sustained responses beyond one year.

Portfolio Pulse from Charles Gross

October 22, 2023 | 3:14 pm