Streetbeat News

Assets

TEAF

Ecofin Sustainable and Social Impact Term Fund (NYSE:TEAF) reported its unaudited balance sheet information and asset coverage ratio as of January 31, 2024. The total assets were approximately $227.6 million, with a net asset value of $197.7 million, or $14.66 per share. The asset coverage ratio under the 1940 Act was 775%.

Portfolio Pulse from Benzinga Newsdesk

February 02, 2024 | 6:24 am

EWA

Australia's Producer Price Index (PPI) increased to 4.1% year-over-year, surpassing the previous 3.8%. This indicates higher production costs, potentially affecting companies with significant operations in Australia.

Portfolio Pulse from Benzinga Newsdesk

February 02, 2024 | 5:37 am

EWA

Australia's Home Loans for the month showed a significant decline of 5.6%, a stark contrast to the previous month's revised figure of 0.3% growth. This indicates a cooling in the housing market, which could have broader implications for the economy.

Portfolio Pulse from Benzinga Newsdesk

February 02, 2024 | 5:35 am

META

During Meta Platforms Inc.'s Q4 2023 earnings call, CEO Mark Zuckerberg announced the company's goal to develop the most popular and advanced AI products and services. He emphasized the creation of world-class AI assistants for users, AI tools for creators, businesses, and developers, and the need for new computing devices like smart glasses. Zuckerberg highlighted Meta's long-term commitment to general intelligence research and the expansion of GPU clusters to support AI services. Meta reported a Q4 revenue of $40.11 billion, a 25% increase year-over-year, surpassing expectations. The company anticipates Q1 revenue between $34.5 billion and $37.0 billion and expects growing infrastructure investments for AI research and development.

Portfolio Pulse from Ananya Gairola

February 02, 2024 | 4:23 am

NTLA

RKLB

TSLA

TWLO

TXG

ZM

Cathie Wood's Ark Invest purchased $4.7 million in Tesla Inc (TSLA) shares and an equal amount in Rocket Lab USA Inc (RKLB) shares, showing confidence in both companies. The Tesla shares were bought through ARK Innovation ETF (ARKK) and ARK Next Generation Internet ETF (ARKW), while Rocket Lab shares were acquired via ARK Autonomous Technology & Robotics ETF (ARKQ) and ARK Space Exploration & Innovation ETF (ARKX). Additionally, Ark Invest sold shares in Twilio Inc (TWLO) and Zoom Video Communications (ZM), and bought more shares in 10X Genomics Inc (TXG) and Intellia Therapeutics Inc (NTLA).

Portfolio Pulse from Benzinga Neuro

February 02, 2024 | 4:18 am

BTCUSD

DOGEUSD

ETHUSD

Sen. Cynthia Lummis (R-Wyo.) expressed optimism about the passage of U.S. stablecoin legislation within the first half of 2024, highlighting ongoing bipartisan discussions. The legislation aims to regulate stablecoins like USDT and USDC, crucial for crypto market transactions. Despite challenges in reaching consensus, advancements such as the SEC's approval of spot bitcoin ETFs bolster the case for legislation. Lummis, a pro-crypto advocate, has been actively pushing for crypto-related bills and statements.

Portfolio Pulse from Benzinga Neuro

February 02, 2024 | 3:56 am

API

DB

NYCB

The commercial real estate sector's struggles have led to a significant drop in regional bank stocks, highlighted by New York Community Bancorp, Inc.'s (NYCB) 40% drop due to a Q4 loss from distressed loans. Other banks like Agora Inc (API) and Deutsche Bank AG (DB) also faced declines. The looming $2.2 trillion debt in the US commercial property sector threatens smaller banks, with some offloading property loan portfolios to reduce exposure.

Portfolio Pulse from Benzinga Neuro

February 02, 2024 | 2:22 am

INTC

Intel has postponed the completion of its $20 billion Ohio project, which includes two planned factories, to late 2026 due to a slowdown in the chip market, according to The Wall Street Journal.

Portfolio Pulse from Charles Gross

February 02, 2024 | 1:22 am

SPY

The S&P 500's 1.6% increase in January 2024 suggests a positive outlook for the year, based on historical data since 1957 showing over 80% probability of positive returns when January's performance exceeds 1.5%. However, February's performance is less predictable, with only a little over 60% chance of following January's positive trend. Notably, in election years with January returns over 1.5%, all instances led to positive 11-month returns. The SPDR S&P 500 ETF Trust (SPY) saw a 1.3% rise on the first trading day of February.

Portfolio Pulse from Piero Cingari

February 01, 2024 | 10:20 pm

DOGEUSD

Dogecoin (DOGE) has seen a significant increase in new addresses, with over 890,000 created in the past week, indicating a surge in network activity and adoption rate. The upcoming SpaceX Doge-1 moon mission is generating optimism about Doge's price potential. Dogecoin's price has gained 2.2% over the past week, with a slight 0.1% increase in the last 24 hours. Speculation is growing that Dogecoin will be used as a currency following the approval of a money transmitter license for X in 19 states. Experts and fans are predicting a bullish future for Doge, with potential price movements discussed.

Portfolio Pulse from Khyathi Dalal

February 01, 2024 | 10:07 pm