Streetbeat News

Assets

COIN

PLTR

Cathie Wood's Ark Invest sold $13.15M worth of Coinbase (COIN) shares and bought Palantir (PLTR) shares, among other trades. The sale of Coinbase shares occurred as Bitcoin neared all-time highs, while the purchase of Palantir shares followed a strong buy recommendation from Jim Cramer. Other notable trades included investments in JSC KASPI.KZ ADR (KSPI), Toast Inc (TOST), SoFi Technologies Inc (SOFI), 908 Devices Inc (MASS), Personalis Inc (PSNL), Roku Inc (ROKU), Iridium Communications Inc (IRDM), and Teradyne Inc (TER).

Portfolio Pulse from Benzinga Neuro

March 08, 2024 | 6:40 am

TSLA

Tesla, led by Elon Musk, has gained over $230 million in unrealized profit from its Bitcoin investment since the introduction of Bitcoin spot ETFs on Jan. 11. The company's Bitcoin assets are now valued at $760 million, reflecting a significant gain attributed to the surge in Bitcoin's price, which reached $69,000 recently. This increase is partly due to the buying trend sparked by the new U.S.-based spot Bitcoin ETFs. Despite selling off parts of its Bitcoin stake in the past, Tesla's current holdings remain highly profitable.

Portfolio Pulse from Mehab Qureshi

March 08, 2024 | 5:37 am

BBJP

DXJ

EWJ

Japan's current account for January reported at 0.438 trillion, surpassing the estimated -0.330 trillion and lower than the previous 0.744 trillion.

Portfolio Pulse from Benzinga Newsdesk

March 08, 2024 | 5:24 am

BBJP

DXJ

EWJ

Japan's adjusted current account for January reported at 2.73 trillion yen, surpassing the estimated 2.07 trillion yen and the previous 1.81 trillion yen.

Portfolio Pulse from Benzinga Newsdesk

March 08, 2024 | 5:24 am

AAPL

GOOG

LLY

NVO

TSLA

Retail traders are shifting their investments from major tech stocks, including Tesla, Apple, and Google, to pharmaceutical companies like Eli Lilly and Novo Nordisk, as per a JPMorgan report. This trend reflects a broader market shift, with $1.4 billion in tech stocks sold off in the past week. Despite the AI frenzy, there's a growing interest in pharma stocks, indicating a potential end to the dominance of the 'Magnificent Seven' tech giants.

Portfolio Pulse from Benzinga Neuro

March 08, 2024 | 5:22 am

BTCUSD

COIN

As Bitcoin's price surges, reaching $69,000, centralized crypto exchanges like Coinbase, Binance, and Bitget are reversing previous hiring freezes and layoffs, signaling a renewed optimism in the industry. Despite the market's recovery, DeFi platforms such as Pendle Finance and dYdX are not adjusting their hiring strategies significantly. The industry's hiring outlook is cautiously optimistic, with a focus on roles in product, engineering, compliance, and marketing.

Portfolio Pulse from Mehab Qureshi

March 08, 2024 | 3:58 am

BTCUSD

DOGEUSD

ETHUSD

Major cryptocurrencies surged, with Bitcoin eyeing all-time highs after a 50% surge post-Bitcoin spot ETFs approval. Ethereum, Dogecoin, and others also saw gains. The global cryptocurrency market cap reached $2.52 trillion. Analysts predict potential for altcoins and caution about Bitcoin's volatility. Stocks rallied, with the S&P 500 and Nasdaq hitting record highs, influenced by optimism about inflation and tech advancements.

Portfolio Pulse from Mehab Qureshi

March 08, 2024 | 3:21 am

BTCUSD

Raoul Pal, CEO of Real Vision Group, issued a cautionary message to crypto enthusiasts amid rising Bitcoin prices, warning against overconfidence in the volatile market. He highlighted the unpredictable nature of the crypto market, referencing the recent surge of Bitcoin to $67,000 and its all-time high of $69,170.63. Pal's advice emphasizes the importance of humility and caution in trading practices to avoid significant losses.

Portfolio Pulse from Benzinga Neuro

March 08, 2024 | 1:27 am

URI

United Rentals announced the pricing of a private offering of $1.1 billion of 6.125% Senior Notes due in 2034. This move is aimed at raising capital, possibly for expansion, debt refinancing, or other corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 10:36 pm

CTKB

Cytek Biosciences has inaugurated a new 50,000-square-foot facility in Wuxi, China, marking a significant expansion of its operational capabilities.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 10:32 pm