Streetbeat News

Assets

GLD

The SPDR Gold Trust (NYSE:GLD), the largest gold ETF, experienced its highest monthly inflows in 2.5 years due to economic and policy uncertainties ahead of the U.S. presidential election. GLD's assets under management reached $79.7 billion, with $1.8 billion in net inflows for October. Global gold demand surged, driven by macroeconomic concerns and market uncertainty.

Portfolio Pulse from Piero Cingari

October 31, 2024 | 7:58 pm

ARKG

ARKK

SPY

Ark Innovation ETF (ARKK) and Ark Genomic Revolution ETF (ARKG), both managed by Cathie Wood's Ark Funds, celebrate their 10th anniversaries. Despite strong growth in the past, both ETFs have underperformed the S&P 500 in recent years. ARKK focuses on disruptive innovation, while ARKG targets the genomics revolution. The funds' active management style and focus on long-term growth mean returns can take years to materialize.

Portfolio Pulse from Chris Katje

October 31, 2024 | 7:23 pm

ETCUSD

Ethereum Classic (ETC) has experienced a 5.02% price drop in the last 24 hours, continuing a negative trend with a 2% loss over the past week. Trading volume increased by 17%, while circulating supply slightly decreased. ETC's market cap is $2.77 billion, ranking it #36.

Portfolio Pulse from Benzinga Insights

October 31, 2024 | 7:01 pm

ACSAY

EWP

F

FER

IBDRY

Deadly floods in Spain have caused significant damage, particularly in the Valencia region, affecting key industries like automotive and utilities. Ford's manufacturing plant and Iberdrola's power services are impacted. Construction companies like Ferrovial and ACS may benefit from rebuilding efforts. The iShares MSCI Spain ETF could see volatility.

Portfolio Pulse from Hayden Buckfire

October 31, 2024 | 6:55 pm

SAVE

Spirit Airlines (NYSE:SAVE) is experiencing stock volatility due to financial challenges, leading to pilot furloughs and asset sales. The company aims to save $80 million annually and generate $225 million in liquidity by selling older aircraft. Spirit faces a December deadline to refinance $1.1 billion in bonds, amid speculation of potential bankruptcy following a failed merger with JetBlue.

Portfolio Pulse from Henry Khederian

October 31, 2024 | 6:43 pm

BTCUSD

Florida's Chief Financial Officer, Jimmy Patronis, is advocating for the state's pension fund to explore crypto investments, emphasizing the long-term viability of digital assets. Patronis believes Florida's strong fiscal reserves make it well-positioned to diversify into crypto, aligning with recent state legislation against federal overreach and CBDCs.

Portfolio Pulse from Murtuza Merchant

October 31, 2024 | 6:10 pm

GOOGL

Waymo, Alphabet Inc.'s autonomous driving unit, has been valued at over $45 billion following a recent funding round.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 4:55 pm

NOTE

FiscalNote's shares are declining following the announcement of selling its South Korean subsidiary, Aicel Technologies, to a group including Aicel's CEO and a third-party investor.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 4:49 pm

SMCI

The article provides an in-depth analysis of Super Micro Computer (NASDAQ:SMCI) compared to its competitors in the Technology Hardware, Storage & Peripherals industry. It highlights SMCI's potential undervaluation based on low PE, PB, and PS ratios, but also notes its weaker financial performance in terms of ROE, EBITDA, gross profit, and revenue growth. The company's lower debt-to-equity ratio suggests a stronger financial position compared to its top peers.

Portfolio Pulse from Benzinga Insights

October 31, 2024 | 3:01 pm