Streetbeat News

Assets

LMFA

LM Funding America, Inc. (LMFA) reported that it mined a total of 31.7 Bitcoin in January. This update highlights the company's activities in the cryptocurrency mining sector.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 2:03 pm

BTCUSD

CSCO

ETHUSD

LMT

PFE

Cryptocurrencies surge with Bitcoin's market cap surpassing $1 trillion, potentially hitting $60K. US markets see mixed movements, with Cisco issuing a weak outlook. Global politics and economy updates include sanctions on Russia and BRICS nations challenging G7 dominance. Tech highlights include Uber's price target boost and Apple's AI chip advancements. Electric Vehicle sector notes Tesla's market strategies and challenges. New York City sues major social platforms over mental health concerns. Pfizer settles a lawsuit, and Lockheed Martin faces budget cuts on F-35 orders.

Portfolio Pulse from Akanksha Bakshi

February 15, 2024 | 2:02 pm

MS

Morgan Stanley (NYSE:MS) has delivered an average annual return of 14.91% over the past 5 years, outperforming the market by 2.43% annually. A $1000 investment in MS 5 years ago would now be worth $2,003.08. The company's market capitalization stands at $138.61 billion.

Portfolio Pulse from Benzinga Insights

February 15, 2024 | 2:01 pm

SITE

SiteOne Landscape Supply (NYSE:SITE) has received mixed analyst ratings over the past quarter, with a recent shift towards more bullish sentiments. The average 12-month price target for SITE has been raised to $161.4, indicating a 14.67% increase from the previous target of $140.75. Analysts from Barclays, Truist Securities, and Stifel have updated their ratings and price targets, reflecting changes in market conditions and company performance. Despite challenges in market capitalization, revenue growth, net margin, and ROE, SITE's ROA and conservative debt management are positive indicators.

Portfolio Pulse from Benzinga Insights

February 15, 2024 | 2:01 pm

BTCUSD

Gareth Soloway, known for his bearish stance on Bitcoin, recently went viral for shorting Bitcoin at $50,000, a move criticized by many in the Bitcoin community. Despite Soloway's reputation as a 'permabear', Bitcoin's price surged past $52,000, driven by strong ETF inflows and market optimism. This has led to significant criticism from Bitcoin enthusiasts and analysts, highlighting the risky nature of shorting a major cryptocurrency like Bitcoin, especially given its backing by financial giants such as BlackRock.

Portfolio Pulse from Ivan Crnogatić

February 15, 2024 | 1:59 pm

SPY

White House Economic Adviser Brainard stated that the U.S. economy is 'objectively doing very well,' according to Reuters. This positive assessment could influence investor sentiment and market trends.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 1:59 pm

INTC

Intel Corp has filed with the SEC for a three-part senior notes offering, although the size of the offering has not been disclosed.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 1:58 pm

SHTLF

South32 Ltd (OTC:SHTLF), an Australian mining company, announced a $2.16 billion investment in the Hermosa project in Arizona, aiming to produce critical minerals zinc and manganese. This investment aligns with the Biden administration's clean energy vision and is expected to make Hermosa one of the world's largest zinc mines. Despite a recent 92% decrease in profits, South32 is optimistic about the global demand for zinc outpacing production by 2031.

Portfolio Pulse from Stjepan Kalinic

February 15, 2024 | 1:44 pm

NVDA

SOUN

SoundHound AI's stock price increased following Nvidia's disclosure of a 1.73 million share stake in the company.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 1:41 pm

GBTC

Genesis Global, a bankrupt crypto lending firm, received court approval to liquidate approximately $1.6 billion in Grayscale cryptocurrency trust shares, including Grayscale Bitcoin Trust (GBTC), Grayscale Ethereum Trust, and Grayscale Ethereum Classic Trust, to settle debts with creditors. The sale is crucial for reimbursing clients and avoiding monthly fees. Despite objections from its parent company, Digital Currency Group (DCG), the court dismissed concerns about proceeding without a comprehensive bankruptcy strategy. Genesis aims to wind down operations and repay clients in cash or cryptocurrency. Settlements with the SEC and NY Attorney General prioritize customer repayment, with the SEC to receive a $21 million penalty from any residual funds.

Portfolio Pulse from Murtuza Merchant

February 15, 2024 | 1:26 pm