Streetbeat News

Assets

ARKK

BLK

FNF

MSTR

Michael Saylor, CEO of MicroStrategy, remains bullish on Bitcoin, predicting its price could reach $1 million. His comments come as Bitcoin surpassed $50,000, supported by significant inflows into spot Bitcoin ETFs managed by BlackRock, Fidelity, and ARK 21Shares, accumulating over $10 billion in assets. The Crypto Fear & Greed Index indicates 'Extreme Greed' at a score of 79. Samson Mow, CEO of Jan3, also supports the $1 million Bitcoin price forecast, highlighting the impact of ETFs.

Portfolio Pulse from Mehab Qureshi

February 13, 2024 | 4:10 am

CLSK

COIN

IREN

MSTR

Major cryptocurrencies, including Bitcoin, Ethereum, and Dogecoin, experienced significant gains, with Bitcoin surpassing $50,000 for the first time in over two years. The surge followed the launch of spot ETFs and a bullish market trend starting January 2023. The Dow Jones reached a new high, while the S&P 500 and Nasdaq saw slight declines. Cryptocurrency stocks like Coinbase, MicroStrategy, CleanSpark, and Iris Energy also posted substantial gains. Analysts predict further strength for Bitcoin, with potential targets up to $150,000.

Portfolio Pulse from Mehab Qureshi

February 13, 2024 | 3:10 am

DIS

Doctor Who's showrunner, Russell T. Davies, has debunked rumors of a collaboration between Doctor Who and Epic Games' Fortnite, calling it a 'complete myth'. Despite his statement, some fans remain hopeful due to previous leaks suggesting a crossover. Meanwhile, Walt Disney Co. has invested $1.5 billion in Epic Games, aiming to expand Fortnite's universe. However, Epic Games recently laid off 16% of its workforce, citing excessive spending.

Portfolio Pulse from Franca Quarneti

February 13, 2024 | 2:01 am

BTCUSD

Peter Schiff, a critic of Bitcoin, has expressed concerns over a potential pump-and-dump scenario in the cryptocurrency market, particularly targeting the recent surge in Bitcoin's value and the hype around newly listed Bitcoin ETFs. Schiff's skepticism is tied to the timing of a four-day conference spanning from Super Bowl Sunday to Valentine's Day, suggesting that the market's exuberance could lead to a 'massacre'. Bitcoin's value recently surpassed $50,000, attributed to strong inflows into spot Bitcoin ETFs like the Blackrock iShares Bitcoin Trust and Fidelity Wise Origin Bitcoin Fund, which collectively reached $3 billion in AUM within 30 days.

Portfolio Pulse from Benzinga Neuro

February 13, 2024 | 1:03 am

SHIBUSD

Shiba Inu (CRYPTO: SHIB) has experienced a significant surge in whale inflows, network activity, and buying interest, with a 2,595% increase in large holder inflows and a 7.3% price gain over the past week. Transaction volume and active accounts on Shibarium have also seen substantial growth. The burning rate of SHIB tokens increased by 75% in the last 24 hours, contributing to a reduced total supply. The Shibarium ecosystem is expanding, with new projects and tokens expected to be integrated soon, supported by infrastructure providers like NOWNodes.

Portfolio Pulse from Khyathi Dalal

February 12, 2024 | 9:57 pm

TSE

Trinseo anticipates a net loss from continuing operations of $77M-$67M and an Adjusted EBITDA of $40M-$50M for Q1 2024. Despite facing demand drops since Q3 2022 and macroeconomic uncertainties, the company expects improved sequential profitability in Q1 2024, attributed to stronger order loads. However, Q1 is seen as the year's low point due to seasonal factors and turnaround activities. Trinseo has undertaken cost reduction and manufacturing footprint initiatives, extended debt maturities to 2028, and plans to enhance manufacturing flexibility and invest in high-value products and sustainable solutions.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 9:49 pm

HP

Helmerich & Payne has finalized contractual terms with Saudi Aramco for a recent award involving 7 rigs for unconventional gas drilling. This agreement solidifies HP's position in the energy sector and expands its operational footprint in the Middle East.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 9:45 pm

AMK

AssetMark Financial Holdings, Inc. (NYSE:AMK) reported its January 2024 results with platform assets at $109.7 billion, up 14.5% YoY. Net flows increased by 24.5% YoY to $432 million. However, AssetMark Trust Company client cash decreased by 13.0% YoY to $2.89 billion. The number of households served rose by 5.6% YoY to 256,078. The company emphasized that this monthly data is supplemental and not a substitute for official financial statements.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 9:44 pm

JHX

James Hardie Industries announced its expectation to spend approximately $515 million in capital expenditures for the fiscal year 2024.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 9:43 pm

BAH

Over the past 10 years, Booz Allen Hamilton (NYSE:BAH) has outperformed the market with an annualized return of 22.36%, turning a $1000 investment into $7,523.98 today. The company's market capitalization stands at $18.93 billion.

Portfolio Pulse from Benzinga Insights

February 12, 2024 | 9:30 pm