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GBTC

HOOD

Bitcoin traders are targeting a $64,000 price point as BlackRock's iShares Bitcoin ETF (IBIT) sees a $500 million inflow in one day. The overall inflow into Bitcoin ETFs reached nearly $630 million, with IBIT leading among 11 providers. This surge in ETF interest and a decrease in outflows from Grayscale's Bitcoin Trust (GBTC) have contributed to a bullish sentiment in the market. Bitcoin's price rose over $51,000, and options traders are betting on it surpassing its all-time high of $69,000. Robinhood noted Bitcoin ETFs make up about 5% of its crypto trading volume.

Portfolio Pulse from Benzinga Neuro

February 14, 2024 | 11:09 am

BTCUSD

Mike Novogratz, CEO of Galaxy Digital, emphasized the U.S. national debt exceeding $34 trillion as a compelling reason to invest in Bitcoin (BTC), citing the country's daily interest payment of over $2 billion. He highlighted the reluctance of countries like Russia and China to lend to the U.S., affecting Treasury purchases. Additionally, MicroStrategy's recent acquisition of 16,130 BTC under CEO Michael Saylor was praised by Novogratz.

Portfolio Pulse from Mehab Qureshi

February 14, 2024 | 11:00 am

SONY

Sony Group's shares are trading higher following the announcement of its Q3 financial results, which surpassed estimates. Additionally, the company has revealed plans to list its financial arm in October 2025.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 10:30 am

VGK

Eurozone's industrial production for December showed a significant increase of 2.6%, surpassing the estimated -0.2% and the revised prior figure of 0.4%.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 10:01 am

AMZN

Jeff Bezos sold an additional $2.08 billion worth of Amazon (AMZN) shares, now holding a 9.3% stake. The sale was part of a pre-planned divestment strategy, with Bezos aiming to sell up to 50 million shares within the year. This move aligns with his focus shift towards Blue Origin and comes amid a broader market downturn influenced by recent inflation data. Amazon's stock fell 2.15% to $168.64 on Tuesday, reflecting the market's overall weakness.

Portfolio Pulse from Shanthi Rexaline

February 14, 2024 | 9:20 am

BABA

BIDU

CNYA

EWH

JD

TCEHY

Emerging markets fund manager Mark Mobius sees investment opportunities in the underperforming Chinese and Hong Kong markets, comparing them favorably to India's recent success. He highlights criteria like return on assets and low debt for selecting stocks and believes Chinese investor confidence will return, boosting the markets. Mobius prefers individual stocks over indexes, especially in China and Hong Kong, despite their recent downturns. U.S.-listed Chinese stocks like Alibaba, JD.com, Baidu, and Tencent have been affected by regulatory pressures and market conditions, as have ETFs like the iShares MSCI China A ETF and iShares MSCI Hong Kong ETF.

Portfolio Pulse from Shanthi Rexaline

February 14, 2024 | 8:45 am

VZ

Verizon Communications Inc. (VZ) has initiated five separate tender offers for its outstanding debt securities, aiming to purchase up to €1.5 billion in aggregate principal amount. These offers are detailed in the Offer to Purchase document dated February 14, 2024.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 8:35 am

CSCO

JBLU

KHC

KO

LPX

OC

The CNN Money Fear and Greed index moved to the 'Greed' zone, indicating a decline in market sentiment. U.S. stocks, including the Dow Jones, closed lower following inflation data release, with the Dow tumbling over 500 points. Inflation eased to 3.1% in January, higher than expected. JetBlue shares surged 21.6% after Carl Icahn disclosed a significant stake. Coca-Cola reported better-than-expected sales. Treasury yields rose, and all S&P 500 sectors closed lower. Investors await earnings from Owens Corning, The Kraft Heinz Company, Cisco Systems, and Louisiana-Pacific Corporation.

Portfolio Pulse from Avi Kapoor

February 14, 2024 | 8:16 am

EWU

The U.K. Producer Price Index (PPI) Input for January showed a decrease of 0.8%, compared to the estimated 0.1% and a revised prior of -0.4%. This indicates a larger than expected decrease in the cost of goods and services purchased by producers in the U.K.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 7:02 am

EWU

The U.K. Consumer Price Index (CPI) for January showed a decrease of 0.6%, which was more than the estimated decrease of 0.3% and a reversal from the prior month's increase of 0.4%.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 7:01 am