Streetbeat News

Assets

ARKK

SARK

TSLA

Tesla, Inc (TSLA) experienced a significant drop of about 13% after reporting Q3 earnings that missed expectations, with an EPS of 71 cents versus the consensus estimate of 74 cents, and revenues of $25.17 billion against the expected $25.62 billion. The AXS Short Innovation Daily ETF (SARK), which inversely tracks the ARK Innovation ETF (ARKK) with Tesla as a major holding, saw a 0.9% return. The Tesla stock chart indicates a potential further decline towards the $171 level, with current resistance and support levels identified.

Portfolio Pulse from Melanie Schaffer

January 25, 2024 | 6:19 pm

LUV

Southwest Airlines CFO anticipates capital expenditures for 2024 to be between $3.5 billion and $4 billion. The company has refined its capacity plans for the current year, allowing for increased flying during shoulder periods, as discussed in a conference call.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 6:10 pm

ETHUSD

On Wednesday, 2,626.94 Ether (ETH) valued at approximately $5.78 million was burned due to the EIP-1159 upgrade implemented on the Ethereum blockchain, which introduced a variable base fee for transactions that is permanently removed from circulation. This has led to a net annualized issuance rate of -0.29% for Ether, indicating a move towards a deflationary currency, especially with the anticipated Ethereum 2.0 upgrade that could further reduce the issuance rate to 0.5-1% per year.

Portfolio Pulse from Benzinga Insights

January 25, 2024 | 6:00 pm

SCHW

Over the past 20 years, Charles Schwab (NYSE:SCHW) has produced an average annual return of 8.58%, outperforming the market by 1.04% on an annualized basis. A $100 investment in SCHW 20 years ago would be worth $507.76 today. The company's current market capitalization stands at $115.90 billion.

Portfolio Pulse from Benzinga Insights

January 25, 2024 | 5:36 pm

ABNB

AMZN

CZR

JD

LEN

PDD

PLBY

TJX

TOL

TSLA

Benzinga's options activity scanner has detected notable whale activity in the Consumer Discretionary sector, involving large transactions in options for several companies. The activity includes both bullish and bearish sentiments across various expiration dates and strike prices. Notable companies with options activity include Tesla (TSLA), Playboy Group (PLBY), Caesars Entertainment (CZR), Lennar Corporation (LEN), Airbnb (ABNB), JD.com (JD), Toll Brothers (TOL), Pinduoduo (PDD), TJX Companies (TJX), and Amazon (AMZN). The details of the options trades, such as the type of option (put or call), sentiment, expiration date, strike price, total trade price, open interest, and volume, are provided for each company.

Portfolio Pulse from Benzinga Insights

January 25, 2024 | 5:35 pm

BTCUSD

During Benzinga's Crypto Webinar, Jesper Toft commented on the U.S. position in the cryptocurrency market, suggesting that the U.S. was previously behind but with the introduction of a crypto ETF, it is poised to become dominant in the market.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 5:02 pm

BTCUSD

During Benzinga's Crypto Webinar, Joey Garcia discussed the complexities related to the U.S. and crypto, noting that many jurisdictions are learning about the ecosystem. He also mentioned that the EU is defining a new standard for the crypto space.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 4:59 pm

BTCUSD

During Benzinga's Crypto Webinar, Stefan Rust highlighted that 75% of crypto developers have moved out of the U.S. to cities like Abu Dhabi, Hong Kong, Singapore, and Zurich, where they see more opportunities for development.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 4:56 pm

BTCUSD

During Benzinga's Crypto Webinar, Jesper Toft discussed the relevance of cryptocurrency for everyone and the ongoing process of promoting a U.S. ETF focused on crypto, which has the potential to be marketed globally.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 4:51 pm