Streetbeat News

Assets

EWA

Australia's Building Approvals for the month showed a significant decline of 9.5%, aligning with the estimated forecasts. This represents a sharp decrease from the previous month's revised figure of 0.3% growth.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 6:03 am

EWU

The U.K. RICS House Price Balance for January showed a -18% figure, better than the -22% estimated and an improvement from the -29% (revised) reported previously.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 6:03 am

BBJP

DXJ

EWJ

Japan's current account for December was reported at 0.744 trillion, lower than the estimated 1.018 trillion and the previous 1.926 trillion. This indicates a significant decrease in Japan's current account surplus.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 6:03 am

BBJP

DXJ

EWJ

Japan's adjusted current account for December was reported at 181.00 trillion, surpassing the estimated 1.93 trillion and the previous 1.89 trillion.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 6:02 am

BTCUSD

Rep. Maxine Waters announced that lawmakers are close to finalizing a stablecoin regulation bill, emphasizing the importance of Federal Reserve oversight. This development follows extensive discussions and is supported by Treasury Secretary Janet Yellen, who highlighted the need for regulatory action to protect investors and the financial system from cryptocurrency risks. Meanwhile, Bitcoin's price has seen a recent increase.

Portfolio Pulse from Mehab Qureshi

February 08, 2024 | 5:25 am

BTCUSD

Bakkt, a digital asset company, warned in an SEC filing about its potential inability to continue operations due to insufficient liquidity, amidst a rapidly changing cryptocurrency industry. The company, which went public in 2021 with a $2.1 billion valuation, has shifted its focus to providing cryptocurrency trading and custody services. Following the SEC report amendment, Bakkt's shares fell from $1.47 to $1.29.

Portfolio Pulse from Mehab Qureshi

February 08, 2024 | 4:51 am

AMZN

GOOGL

META

MSFT

NVDA

NYCB

Major cryptocurrencies including Bitcoin, Ethereum, and Dogecoin surged amid a backdrop of strong corporate profits and increased accumulation by large holders. The surge coincides with the Nasdaq Composite and Dow Jones Industrial Average experiencing gains, driven by tech giants like Nvidia, Microsoft, and Meta Platforms. New York Community Bancorp's shares rose despite a Moody's downgrade, amidst concerns over its exposure to troubled commercial real estate loans. Analysts suggest the correction for Bitcoin may be over, indicating a potential pre-halving rally.

Portfolio Pulse from Mehab Qureshi

February 08, 2024 | 3:49 am

HOOD

NVDA

PACB

PATH

RXRX

TWST

TXG

Cathie Wood's Ark Invest sold over $2.8 million worth of Nvidia (NVDA) shares amid AI hype and bought $1.3 million worth of Robinhood (HOOD) stock. The sale of Nvidia shares reflects a cautious stance towards its valuation despite its AI potential. Meanwhile, the purchase of Robinhood shares indicates confidence in its financial outlook and fintech industry potential. Ark also adjusted its portfolio by selling UiPath (PATH) shares and buying into Pacific Biosciences (PACB), Twist Bioscience (TWST), 10X Genomics (TXG), and Recursion Pharmaceuticals (RXRX).

Portfolio Pulse from Benzinga Neuro

February 08, 2024 | 3:20 am

WMG

Warner Music Group (WMG) announced it has started the process of exiting its owned and operated (O&O) media properties and in-house ad sales function. Additionally, WMG is in an exclusive process for the potential sale of its news and entertainment websites Uproxx and HipHopDX. The company also decided to wind down the podcasting brand Interval Presents and social media publisher IMGN.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 10:53 pm

FCX

The global copper market is expected to see a balance in 2024 with demand recovery and supply tightening, according to JPMorgan. Key indicators include a 1.2% increase in global output and a significant drop in spot treatment charges, indicating a tight market. JPMorgan's bullish outlook is supported by a 3.5% growth in China's demand and recovery in the Rest of the World. Freeport-McMoRan Inc (FCX) and Ivanhoe Electric Inc (IE) are highlighted as U.S. traded stocks with significant upside potential.

Portfolio Pulse from Surbhi Jain

February 07, 2024 | 10:37 pm