Streetbeat News

Assets

COIN

Cathie Wood, CEO of ARK Invest, praised Coinbase Global Inc (NASDAQ:COIN) for its performance and compliance, especially in the wake of its competitors' issues. Despite ARK Invest selling $26.7 million worth of Coinbase shares, Wood remains optimistic about Coinbase's future, attributing its success to market volatility and its strategic positioning. Coinbase's Q4 earnings exceeded expectations, with revenue of $953.8 million, amidst a resurgence in Bitcoin interest.

Portfolio Pulse from Benzinga Neuro

February 16, 2024 | 8:30 am

EWQ

The France Harmonised Index of Consumer Prices (HICP) for January showed a month-on-month decrease of 0.2%, aligning with the estimated -0.2% and marking a decline from the previous month's 0.1% increase.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 7:46 am

WCN

Waste Connections has priced $750 million of 5.000% senior notes due in 2034 at 98.835% of their face value. This move is part of the company's financial strategy to manage its debt and possibly fund future expansions or operations.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 7:29 am

BLK

CBOE

Cboe Global Markets has listed iShares by BlackRock ETFs on its global exchange network, marking a significant milestone in its mission to expand the investable universe for investors. BlackRock is the first asset manager to list ETFs across Cboe's entire global network of listings exchanges. The newly listed ETFs, part of iShares by BlackRock's Factor ETF suite, are available for trading on Cboe Australia.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 7:27 am

COIN

GOOGL

NVDA

TXG

Cathie Wood's Ark Invest sold shares of Coinbase (COIN), Nvidia (NVDA), and Alphabet (GOOGL), while buying shares of Unity Software (U) and 10X Genomics (TXG). The sales occurred despite Coinbase's surprise profit and amidst a Bitcoin rally. Nvidia and Alphabet shares were sold amid AI sector adjustments, with concerns over Nvidia's valuation and Alphabet facing new competition from OpenAI. Ark also increased investments in U and TXG, indicating a bullish outlook on gaming, software, and genomics sectors.

Portfolio Pulse from Benzinga Neuro

February 16, 2024 | 5:07 am

BTCUSD

DOGEUSD

ETHUSD

VETUSD

Major cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE) surged, driven by strong U.S. demand for BTC. The Coinbase Premium Index hit a 9-month high, indicating strong buying pressure from U.S. investors. The global cryptocurrency market cap increased by 3.61% to $1.94 trillion. Meanwhile, U.S. stock markets recovered, with the S&P 500, Nasdaq, and Dow Jones showing gains. Analysts issued warnings and advice regarding entering the cryptocurrency market, highlighting a sell signal on the BTC daily chart.

Portfolio Pulse from Mehab Qureshi

February 16, 2024 | 3:19 am

ADAUSD

Cardano (ADA) experienced a 4.4% increase, surpassing the $0.60 mark, with analysts predicting a future breakout. The Messari report highlighted a significant growth in Cardano's total value locked (TVL) and daily transactions. Charles Hoskinson discussed bullish factors for Cardano, including liquid staking and growth without venture capital. Analysts predict a potential rise to $0.80, with strong holder belief in the ecosystem and technical indicators suggesting an explosive rally.

Portfolio Pulse from Khyathi Dalal

February 16, 2024 | 12:03 am

BITB

BITW

Ric Edelman predicts $150 billion inflows into spot Bitcoin ETFs by 2025, driven by independent advisors' desire to add Bitcoin to their portfolios. This demand, coupled with Bitcoin's fixed supply, could push its price to $150,000. Matt Hougan of Bitwise Asset Management highlights the attractiveness of the ETF landscape for crypto, noting the potential of the financial advisor market. Bitwise's Bitcoin ETF (BITB) and 10 Crypto Index Units (BITW) are mentioned as benefiting from this trend.

Portfolio Pulse from Khyathi Dalal

February 15, 2024 | 11:36 pm

AUST

During the 'Mining Unearthed: Navigating the Ore of Innovation' virtual event, Dennis Higgs, president of Austin Gold Corp (NYSE:AUST), discussed the company's exploration strategies in Nevada and Oregon. Higgs highlighted the potential for significant gold discoveries in these regions, known for their mineral wealth. Austin Gold Corp. focuses on areas like Nevada's 'elephant country' and the Stockade Mountain project in Oregon, aiming to leverage modern exploration techniques and an experienced team to uncover new gold reserves. Higgs emphasized the importance of exploration in generating shareholder value and contrasted gold's reliability as an asset with the speculative nature of cryptocurrencies.

Portfolio Pulse from Abbey Higginbotham

February 15, 2024 | 11:13 pm

IONQ

IonQ has announced the opening of a new quantum computing manufacturing facility in Bothell, Washington, and the expansion of its Seattle facilities from 65,000 square feet to 105,000 square feet.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 10:43 pm