Streetbeat News

Assets

ADAUSD

Cardano (CRYPTO: ADA) has seen a 4.12% decrease in price over the last 24 hours, falling to $0.74, despite a 2.0% gain over the past week. The trading volume and circulating supply have also decreased, with the circulating supply now at 35.24 billion, 78.3% of its max. ADA's market cap ranks it #9 at $26.08 billion.

Portfolio Pulse from Benzinga Insights

March 12, 2024 | 7:01 pm

Recent options activity for Visa (NYSE:V) shows a predominantly bearish stance by investors, with 90% of detected trades being bearish. The activity includes 52 trades, with a focus on strike prices between $250.0 and $320.0. Notable trades include both bullish and bearish calls with expiration dates ranging from March 15, 2024, to June 21, 2024. Visa, the world's largest payment processor, has seen its stock price slightly increase by 0.28% to $281.34. Analysts from Wells Fargo and Jefferies have set target prices at $325 and $320, respectively, indicating a positive outlook.

Portfolio Pulse from Benzinga Insights

March 12, 2024 | 7:00 pm

TJX

Over the past 20 years, TJX Companies (NYSE:TJX) has produced an average annual return of 14.95%, outperforming the market by 6.97%. A $1000 investment in TJX stock 20 years ago would be worth $16,237.26 today. The company's current market capitalization stands at $110.74 billion.

Portfolio Pulse from Benzinga Insights

March 12, 2024 | 7:00 pm

DOGE-USD

Dogecoin (CRYPTO: DOGE) experienced a 5.57% price drop in the last 24 hours, contrasting with a 4.0% gain over the past week. The trading volume decreased by 65%, and the circulating supply fell by 1.57%, resulting in a current market cap ranking of #10 at $23.69 billion.

Portfolio Pulse from Benzinga Insights

March 12, 2024 | 7:00 pm

CPRT

Over the past 20 years, Copart (NASDAQ:CPRT) has significantly outperformed the market, yielding an average annual return of 21.0%. A $1000 investment in Copart 20 years ago would now be worth $45,042.77. This showcases the power of compounded returns over time. Copart's current market capitalization stands at $52.69 billion.

Portfolio Pulse from Benzinga Insights

March 12, 2024 | 6:30 pm

MCO

Moody's (NYSE:MCO) has delivered an average annual return of 16.89% over the past 5 years, outperforming the market by 4.08% annually. With a current market capitalization of $70.26 billion, a $1000 investment in MCO 5 years ago would be worth $2,197.97 today.

Portfolio Pulse from Benzinga Insights

March 12, 2024 | 6:30 pm

FXI

SPY

TMC

U.S. lawmakers are set to introduce a bill aimed at supporting deep-sea mining initiatives. This move is intended to diminish China's dominance over critical minerals, essential for various industries including technology and defense.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 6:29 pm

AMD

FTXL

INTC

NVDA

SOXQ

Intel Corp has managed to continue its chip sales to Huawei, leveraging a license from the previous U.S. administration despite AMD's objections and broader sanctions concerns. This situation underscores the competitive and regulatory challenges in the tech industry, with Intel's ability to supply Huawei being a significant factor for both companies. Additionally, Intel is positioned to benefit from U.S. government funding under the Chips Act, highlighting its role in artificial intelligence technology alongside Nvidia Corp. The First Trust Nasdaq Semiconductor ETF and Invesco PHLX Semiconductor ETF offer investment avenues into this sector.

Portfolio Pulse from Anusuya Lahiri

March 12, 2024 | 6:17 pm

AEM

DUST

FNV

GOLD

NEM

NUGT

WPM

Direxion Daily Gold Miners Index Bull 2X Shares (NUGT) experienced a consolidation on Tuesday after a significant rise, moving in tandem with a decrease in spot gold prices. The ETF, which aims to outperform the NYSE Arca Gold Miners Index by 200%, saw a downturn on decreasing volume, suggesting a pause rather than a shift in market control. NUGT's top holdings include Newmont Corp (NEM), Barrick Gold Corp (GOLD), Agnico Eagle Mines Ltd (AEM), Wheaton Precious Metals Corp (WPM), and Franco-Nevada Corp (FNV). The article also mentions Direxion Daily Gold Miners Index Bear 2X Shares (DUST) for bearish traders.

Portfolio Pulse from Melanie Schaffer

March 12, 2024 | 6:16 pm

AMD

BABA

BIDU

INTC

IYW

MSFT

NVDA

The U.S. and China are competing closely in the field of generative artificial intelligence (GenAI), with both nations investing heavily. Microsoft, backing OpenAI, is seen as a leader in the U.S. AI industry. China, with companies like Baidu and Alibaba, is rapidly developing its AI capabilities. However, U.S. export controls on advanced semiconductors and GPUs, crucial for AI development, could hinder China's progress. These controls have impacted U.S. tech companies, including NVIDIA, AMD, and Intel, and affected the iShares U.S. Technology ETF.

Portfolio Pulse from Neil Dennis

March 12, 2024 | 6:08 pm