Streetbeat News

Assets

DOGEUSD

PEPEUSD

SHIBUSD

WIFUSD

Dogwifhat (CRYPTO: WIF) has seen a remarkable surge, with its price increasing by 32% in a day, 118% weekly, and nearly 1,200% monthly, reaching new all-time highs and outperforming other meme coins like Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB). A developer's early sale of WIF missed out on potential gains of $700 million. Dogwifhat now ranks third among meme coins by market cap, recently surpassing the $2 mark and achieving a $2.3 billion valuation. It aims to reach Pepe's (CRYPTO: PEPE) $3.5 billion valuation next.

Portfolio Pulse from Khyathi Dalal

March 08, 2024 | 3:56 pm

BTCUSD

IBIT

Bitcoin (BTC) has surpassed the $70,000 mark, setting a new all-time high and reflecting increased acceptance and resilience amidst economic uncertainties. Factors contributing to this surge include institutional investment, mainstream adoption, and the introduction of Bitcoin ETFs like BlackRock's IBIT. Experts predict continued growth, driven by capital inflows into ETFs, upcoming legislation on stablecoins, and the anticipated Bitcoin halving in 2024.

Portfolio Pulse from Murtuza Merchant

March 08, 2024 | 3:48 pm

AVGO

MDB

META

MRVL

NVDA

QQQ

SPY

TSLA

The Jobs Report, showing mixed signals, has given ammunition to both bulls and bears in the stock market. SPDR S&P 500 ETF Trust (SPY) indicates a potential upside breakout. AI stocks like Broadcom Inc (AVGO), Marvell Technology Inc (MRVL), and MongoDB Inc (MDB) reported earnings below expectations but continue to be favored by momentum investors. Early trade money flows are positive for NVIDIA Corp (NVDA), Meta Platforms Inc (META), and Tesla Inc (TSLA), neutral for Apple Inc (AAPL), Microsoft Corp (MSFT), Amazon.com Inc (AMZN), and Alphabet Inc Class C (GOOG), and mixed for SPDR S&P 500 ETF Trust (SPY) and Invesco QQQ Trust Series 1 (QQQ). The article also highlights buying in gold and oil, with SPDR Gold Trust (GLD) and United States Oil ETF (USO) as the most popular ETFs for these commodities. Bitcoin (BTC) is seeing buying on speculation of a price run.

Portfolio Pulse from The Arora Report

March 08, 2024 | 3:47 pm

PBR

Shares of Petroleo Brasileiro S.A. (PBR) are trading lower after the company reported a mixed fourth-quarter financial performance. While sales exceeded consensus, oil products revenue and domestic market revenues declined. Adjusted EBITDA and earnings per ADS fell short of expectations, despite an increase in oil and natural gas production. The company also reported higher capex and net debt.

Portfolio Pulse from Lekha Gupta

March 08, 2024 | 3:34 pm

EQIX

Equinix (NASDAQ:EQIX) has significantly outperformed the market with an average annual return of 21.34% over the past 15 years, turning a $100 investment into $1,762.35 today. The company's market capitalization stands at $86.30 billion.

Portfolio Pulse from Benzinga Insights

March 08, 2024 | 3:31 pm

ICLR

Over the past 20 years, Icon (NASDAQ:ICLR) has produced an average annual return of 19.81%, outperforming the market by 11.84% on an annualized basis. A $100 investment in ICLR 20 years ago would be worth $3,859.89 today, with the company currently valued at a market capitalization of $28.05 billion.

Portfolio Pulse from Benzinga Insights

March 08, 2024 | 3:30 pm

MAA

Mid-America Apartment (NYSE:MAA) has seen a 17.1% increase in short interest since its last report, with 3.04 million shares sold short, representing 3.15% of its float. This indicates a bearish market sentiment, although it's not a definitive predictor of stock performance. The company's short interest is above its peer group average of 2.70%. Short interest can serve as a market sentiment indicator, and an increase suggests investors are more bearish.

Portfolio Pulse from Benzinga Insights

March 08, 2024 | 3:30 pm

MANH

Manhattan Associates (NYSE:MANH) has seen a 9.14% increase in short interest since its last report, with 1.02 million shares sold short, representing 2.15% of its float. This indicates a bearish sentiment among traders, although it's not a definitive predictor of stock movement. Compared to its peers, MANH has a lower short interest percentage of float (3.70%), suggesting less bearish sentiment relative to its peer group.

Portfolio Pulse from Benzinga Insights

March 08, 2024 | 3:30 pm

AAPL

MSFT

NVDA

XOM

Nvidia Corporation (NASDAQ:NVDA) has seen remarkable market performance, with its market cap reaching $2.42 trillion, nearing Apple Inc.'s (NASDAQ:AAPL) $2.61 trillion. Nvidia's stock experienced a significant after-hours trading swing, adding $80 billion to its market cap, and has gained $180 billion in market cap in a single day. The company's market cap has increased by $1 trillion since the start of 2024, with a notable $440 billion increase in the past eight trading sessions. This growth has sparked discussions about Nvidia potentially becoming a market bubble, despite its strong financial performance driven by its GPUs and AI development.

Portfolio Pulse from Neil Dennis

March 08, 2024 | 3:18 pm

STETHUSD

Lido Staked Ether (STETH) has seen a 4.67% increase in price over the last 24 hours, reaching $3,981.13. This is part of a larger trend, with a 17.0% gain over the past week from $3,383.34. The coin's all-time high is $4,829.57. Trading volume has risen by 46.0%, and the circulating supply has slightly increased by 0.05% to over 9.85 million, making its market cap $39.23 billion and ranking it #6.

Portfolio Pulse from Benzinga Insights

March 08, 2024 | 3:03 pm