Streetbeat News

Assets

TSLA

Tesla has announced that it has enough liquidity to fund its product roadmap, long-term capacity expansion plans, and other expenses. The company also intends to manage its business to maintain a strong balance sheet during the current uncertain period.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 9:08 pm

VTOL

Bristow Group Inc. (NYSE:VTOL) has secured a new twelve-year equipment financing deal for up to £55 million with a bank syndicate led by NatWest to support its capital commitments for the UKSAR2G contract. The financing, backed by four new AW139 SAR helicopters, will fund in 2024 and bears interest at SOIA plus 2.75% per annum. The syndicate includes NatWest, Virgin Money, and First-Citizens Bank & Trust Company.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 9:02 pm

AMT

American Tower (NYSE:AMT) received mixed analyst ratings with 1 bullish and 3 somewhat bullish in the past three months. The average 12-month price target is $227.25, up from the previous $213.33. Analysts from Barclays, HSBC, RBC Capital, and JP Morgan have provided recent evaluations, with price target adjustments reflecting a positive outlook despite some lowering of targets. American Tower, an REIT, operates over 220,000 cell towers globally and 28 data centers in the US. The company's financial performance shows solid revenue growth, high net margin, and ROE, but a high debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

January 24, 2024 | 9:01 pm

BRK

SPY

The article discusses the performance of Berkshire Hathaway Inc's stock since the acquisition of International Dairy Queen in 1997. It highlights that a $1,000 investment in Berkshire Hathaway at the time of the Dairy Queen deal would be worth $12,754.18 today, a return of 1,175.4%. In comparison, the SPDR S&P 500 ETF Trust (SPY) has increased by 700.7% over the same period. The article emphasizes the success of Berkshire Hathaway's acquisition strategy and Warren Buffett's investment prowess.

Portfolio Pulse from Chris Katje

January 24, 2024 | 8:27 pm

BIDU

Baidu Inc (NASDAQ:BIDU) shares rose by 3.1% to $110.54 following reports of China considering a 2 trillion yuan stock market rescue package. China's central bank also cut bank reserves by $140 billion to support the economy. The stabilization fund, aimed at buying shares through the Hong Kong exchange link, comes as foreign investors pull back from Chinese equities.

Portfolio Pulse from Henry Khederian

January 24, 2024 | 8:27 pm

GBTC

SARK

TARK

TSLA

Tesla, Inc (NASDAQ:TSLA) is entering its Q4 earnings report with a flat trade, following a Q3 earnings miss that led to a significant stock price drop. Analysts predict Q4 earnings per share of 74 cents on revenues of $25.59 billion, with vehicle deliveries exceeding estimates. The article discusses trading strategies for Tesla stock, mentioning the Grayscale Bitcoin Trust ETF (NYSE:GBTC) for Bitcoin exposure, and the AXS Short Innovation Daily ETF (NASDAQ:SARK) and AXS 2X Innovation ETF (NASDAQ:TARK) for bearish and bullish positions, respectively. Technical analysis suggests a bearish outlook for Tesla's stock with a potential bear flag pattern indicating a further decline.

Portfolio Pulse from Melanie Schaffer

January 24, 2024 | 7:36 pm

MKRUSD

Maker's cryptocurrency (MKR) has seen a significant price increase of 9.54% in the last 24 hours, reaching $2,063.89. Over the past week, MKR has gained 5.0%, with the trading volume rising by 32.0%. The circulating supply slightly decreased, while the market cap ranks at #46, valued at $1.90 billion. The volatility of MKR is depicted through Bollinger Bands in the provided chart.

Portfolio Pulse from Benzinga Insights

January 24, 2024 | 7:03 pm

IMXUSD

Immutable's cryptocurrency, IMX, has seen a 3.53% increase in price over the last 24 hours to $1.84, despite a 10% decrease over the past week from $2.05. The coin's all-time high is $9.52. Trading volume has decreased by 54% over the past week, while the circulating supply has increased by 0.8% to 1.33 billion, which is 66.51% of the max supply. IMX's market cap is currently ranked #38 at $2.45 billion.

Portfolio Pulse from Benzinga Insights

January 24, 2024 | 7:02 pm

HBAR-USD

Hedera (CRYPTO: HBAR) has seen a 4.3% price increase in the last 24 hours, reaching $0.07, despite a 10% decline over the past week from $0.08. The coin's all-time high is $0.57. Trading volume has decreased by 22% over the past week, while the circulating supply increased by 0.38% to 33.66 billion, approximately 67.33% of the max supply. Hedera's market cap is currently ranked #39 at $2.41 billion.

Portfolio Pulse from Benzinga Insights

January 24, 2024 | 7:02 pm

ARBUSD

Cryptocurrency Arbitrum (ARB) has seen a 4.33% increase in price over the last 24 hours, reaching $1.7, despite a 15% decline over the past week from $2.02. The coin's all-time high is $2.39. Trading volume for ARB has risen by 18% over the past week, and its circulating supply has increased by 0.22% to 1.27 billion, which is 12.75% of its max supply. Arbitrum's market cap is currently ranked #41, valued at $2.16 billion.

Portfolio Pulse from Benzinga Insights

January 24, 2024 | 7:01 pm