Streetbeat News

Assets

AWK

American Water Works (NYSE:AWK) has seen a 15.19% decrease in short interest, now at 2.30 million shares or 1.34% of float. This decline suggests a more bullish sentiment among investors compared to its peers, with an average short interest of 1.57%. Short interest is a key indicator of market sentiment, and a decrease often signals increased investor confidence.

Portfolio Pulse from Benzinga Insights

February 12, 2024 | 7:45 pm

IWM

The Russell 2000 index, representing small-cap stocks, is poised for a significant comeback due to favorable economic conditions, interest in disruptive industries, and technical bullish indicators. Small-cap stocks offer high growth potential but come with risks like increased volatility and liquidity issues. Strategies for investing include focusing on growth-oriented stocks and seeking undervalued companies. Resources like financial news websites, brokerage platforms, and professional research firms can aid in making informed decisions. The current landscape presents a major opportunity for investors in small-cap stocks, with careful research and strategy being crucial.

Portfolio Pulse from Thrash Capital

February 12, 2024 | 7:37 pm

FBTC

IBIT

Anthony Pompliano of Pomp Investments highlighted the strong interest from institutional investors in Bitcoin, noting the significant achievements of the Blackrock iShares Bitcoin Trust (IBIT) and Fidelity Wise Origin Bitcoin Fund (FBTC), which amassed $3 billion in AUM within 30 days. This demand is outpacing the daily production of Bitcoin by 12.5 times, pushing prices upward. Pompliano also mentioned that 80% of Bitcoin has not moved in six months, indicating a tight supply that, along with ETF activities, is absorbing a significant portion of the tradable Bitcoin.

Portfolio Pulse from Murtuza Merchant

February 12, 2024 | 7:30 pm

CCI

Over the past 20 years, Crown Castle (NYSE:CCI) has produced an average annual return of 11.56%, outperforming the market by 3.93% on an annualized basis. A $100 investment in CCI 20 years ago would be worth $894.79 today. Crown Castle currently has a market capitalization of $47.01 billion. This showcases the significant impact of compounded returns on cash growth over time.

Portfolio Pulse from Benzinga Insights

February 12, 2024 | 7:30 pm

SNA

Over the past 20 years, Snap-on (NYSE:SNA) has produced an average annual return of 11.29%, outperforming the market by 3.66% on an annualized basis. A $100 investment in SNA 20 years ago would be worth $853.14 today, showcasing the impact of compounded returns on investment growth. Snap-on currently has a market capitalization of $13.88 billion.

Portfolio Pulse from Benzinga Insights

February 12, 2024 | 7:30 pm

MATICUSD

Polygon's (CRYPTO: MATIC) price has increased by 3.07% in the last 24 hours, reaching $0.87. Over the past week, MATIC has seen a 12.0% increase from $0.78. The coin's all-time high is $2.92. Trading volume for MATIC has risen by 69.0% over the past week, while its circulating supply decreased by 0.3%, now at 92.83% of its max supply. MATIC's market cap ranks #15 at $8.11 billion.

Portfolio Pulse from Benzinga Insights

February 12, 2024 | 7:02 pm

STETHUSD

Lido Staked Ether (STETH) has seen a 4.57% increase in price over the last 24 hours, reaching $2,620.48, continuing a positive trend with a 14.0% gain over the past week from $2,298.64. Despite a 60% decrease in trading volume, the circulating supply has grown by 1.25% to over 9.64 million, with a current market cap of $25.22 billion, ranking it #8.

Portfolio Pulse from Benzinga Insights

February 12, 2024 | 7:02 pm

ETCUSD

Ethereum Classic (ETC) saw a 4.3% increase to $26.82, influenced by Bitcoin's surge to $50,300, driven by institutional investments and strong inflows into spot Bitcoin ETFs. The broader cryptocurrency market, including altcoins like Ethereum Classic, benefits from Bitcoin's positive price movements, as investors seek to diversify their portfolios beyond Bitcoin.

Portfolio Pulse from Henry Khederian

February 12, 2024 | 7:02 pm

DOGEUSD

Dogecoin (CRYPTO: DOGE) saw a 2.7% increase to $0.082 amid a broader crypto market rally, driven by a significant surge in Bitcoin, which reached $50,300. The rise in Bitcoin is attributed to increased institutional investment and over $1.1 billion in new capital inflows into spot Bitcoin ETFs. This positive momentum in Bitcoin often leads to increased interest in altcoins like Dogecoin, as investors look for alternative investment opportunities within the cryptocurrency ecosystem.

Portfolio Pulse from Henry Khederian

February 12, 2024 | 7:02 pm