Streetbeat News

Assets

ETH-USD

On Thursday, 11,955.20 Ether (ETH) worth approximately $29.93 million was burned, permanently removing it from circulation. This action is part of the Ethereum blockchain's EIP-1159 upgrade, which introduced a variable base fee for transactions that is burned. The Ethereum network is currently issuing new Ether at a 4% annual rate, expected to decrease to 0.5-1% with the Ethereum 2.0 upgrade, potentially making ETH a deflationary currency. The net annualized issuance rate for Ether was -15.25% yesterday.

Portfolio Pulse from Benzinga Insights

February 09, 2024 | 6:00 pm

CANE

Despite global sugar production dropping by 2% last year due to extreme weather, the US is expected to set a new sugar production record of 9.39 million tonnes in the 2023-2024 year, as per USDA. Louisiana's sugarcane production has notably increased, contributing significantly to this record despite severe drought. Retail sugar prices are expected to rise by 5.6% in 2024, impacting both consumers and major food manufacturers. The American Sugar Alliance is advocating for a new farm bill to provide a safety net for farmers, addressing the increased production costs and disrupted supply chains. Investors are advised to consider commodity ETFs like Teucrium Sugar ETF (CANE) for simpler access to agricultural commodities.

Portfolio Pulse from Johnny Rice

February 09, 2024 | 5:59 pm

AFRM

COIN

HBAN

HOOD

NYCB

PYPL

RILY

USB

Today's whale activity in the Financials sector shows significant options trading across various stocks, indicating potential trading opportunities. Notable activities include bullish calls on COIN and bearish calls on HOOD, alongside various other trades with mixed sentiments across stocks like AFRM, USB, MS, BX, NYCB, PYPL, RILY, and HBAN. These movements suggest investors are actively positioning in anticipation of future price movements.

Portfolio Pulse from Benzinga Insights

February 09, 2024 | 5:35 pm

AMZN

ETSY

MGM

MMYT

NKE

OLLI

PLAY

PLCE

TSLA

Today's session highlighted significant whale activity in the consumer discretionary sector, with notable options trading on stocks like TSLA, AMZN, MMYT, NKE, MGM, ETSY, PLAY, OLLI, PLCE, and RH. The trades varied in sentiment from bullish to bearish, indicating diverse market expectations. This activity could signal upcoming volatility or shifts in these stocks, making them ones to watch for traders.

Portfolio Pulse from Benzinga Insights

February 09, 2024 | 5:35 pm

ARM

HCP

INTC

MARA

MSFT

MSTR

NVDA

PLTR

RIOT

Today's session highlighted significant options activity in the Information Technology sector, with notable movements in stocks like NVDA, MSFT, RIOT, INTC, PLTR, MARA, AI, HCP, ARM, and MSTR. The activity ranged from bullish to bearish sentiments, with various expiration dates and strike prices, indicating diverse trading strategies among whales.

Portfolio Pulse from Benzinga Insights

February 09, 2024 | 5:35 pm

NSTG

NanoString shares are trading higher following the announcement of the completion of financing to support its restructuring process. The company secured $47.5 million in new financing from existing noteholders, an increase from the initial $40 million commitment.

Portfolio Pulse from Benzinga Newsdesk

February 09, 2024 | 5:30 pm

CSL

Over the past 10 years, Carlisle Companies (NYSE:CSL) has outperformed the market with an annualized return of 16.07%, growing a $1000 investment to $4,460.13. The company currently has a market capitalization of $16.69 billion.

Portfolio Pulse from Benzinga Insights

February 09, 2024 | 5:30 pm

SMCI

Over the past 10 years, Super Micro Computer (NASDAQ:SMCI) has significantly outperformed the market, with an annualized return of 42.11%, turning a $1000 investment into $33,542.47. The company's market capitalization now stands at $39.70 billion.

Portfolio Pulse from Benzinga Insights

February 09, 2024 | 5:30 pm

MSOS

MSOX

POTX

THCX

Cannabis ETFs are experiencing dynamic changes due to significant regulatory shifts, notably the Department of Health and Human Services' recommendation to reclassify cannabis, and growing Congressional support. The introduction of swap options for U.S. Multi-State Operators (MSOs) has allowed ETFs like MSOS to navigate federal restrictions, leading to a notable performance disparity among cannabis ETFs. MSOX has seen an 88.4% increase YTD, while THCX and POTX are set to close due to challenges from lacking U.S. MSO swap exposure.

Portfolio Pulse from Patricio Liddle

February 09, 2024 | 5:13 pm