Streetbeat News

Assets

AEM

Agnico Eagle Mines has acquired 19.6 million units of Canada Nickel Company, with each unit priced at $1.18. This strategic investment could indicate confidence in Canada Nickel Company's prospects and Agnico Eagle Mines' interest in nickel mining.

Portfolio Pulse from Bill Haddad

December 29, 2023 | 10:03 pm

URGN

RA Capital Management has disclosed a 9.99% passive stake in UroGen Pharma, as per recent filings.

Portfolio Pulse from Bill Haddad

December 29, 2023 | 9:45 pm

AAPL

MSFT

SPY

TSLA

The U.S. stock market ended the year on a high note, with major indices reaching record levels, driven by the AI revolution and a dovish pivot by the Federal Reserve. The Nasdaq 100 had its best year since 1999, while the SPY ETF is close to hitting $500 billion in assets. AI interest has surpassed Bitcoin, and The New York Times is suing OpenAI and Microsoft over copyright issues. Ed Yardeni predicts a bullish S&P 500 for 2024, and Apple is shifting focus to wearables. Elon Musk has shown support for a $25K Tesla compact car.

Portfolio Pulse from Piero Cingari

December 29, 2023 | 9:01 pm

WEC

WEC Energy Group (NYSE:WEC) has seen a 3.85% increase in short interest since the last report, with 5.26 million shares sold short, representing 2.16% of available shares. It would take 2.24 days to cover these short positions based on current trading volume. While an increase in short interest can indicate bearish sentiment, WEC has less short interest compared to its peers, with an average of 3.02% in the peer group. This information suggests investors should monitor the stock, but it does not necessarily predict a price drop.

Portfolio Pulse from Benzinga Insights

December 29, 2023 | 8:45 pm

BRRR

SNEX

Valkyrie has filed an amended S-1 form for its Bitcoin Fund, with Stonex Financial set to be the lead market maker. Stonex will also facilitate the creation of the initial basket of shares for the fund, which will trade under the symbol 'BRRR'.

Portfolio Pulse from Charles Gross

December 29, 2023 | 8:39 pm

AAPL

Over the past 15 years, Apple Inc. (AAPL) has significantly outperformed the market, with an average annual return of 30.93%. A $100 investment in AAPL 15 years ago would now be worth $5,939.09. Apple's market capitalization currently stands at $2.99 trillion. The article highlights the impact of compounded returns on investment growth over time.

Portfolio Pulse from Benzinga Insights

December 29, 2023 | 8:31 pm

BZFD

Buzzfeed is reportedly nearing a deal to sell a majority of its Complex Networks division to NTWRK, a mobile-first video shopping platform. The sale price is expected to be slightly over $100 million. This move comes as Buzzfeed aims to streamline its operations and focus on its core business areas.

Portfolio Pulse from Bill Haddad

December 29, 2023 | 7:54 pm

CLAR

Clarus Corporation has entered into an agreement to sell its Precision Sport segment for $175 million. The deal is part of Clarus's strategic move to focus on its core brands and streamline operations. The Precision Sport segment includes businesses that specialize in precision shooting sports and related accessories. The sale is expected to provide Clarus with additional capital to invest in its remaining brands and potentially improve its financial flexibility and shareholder value.

Portfolio Pulse from Bill Haddad

December 29, 2023 | 7:31 pm

NEARUSD

NEAR Protocol (CRYPTO: NEAR) has seen a price drop of 3.79% in the last 24 hours, now at $3.64, despite a 9.0% increase over the past week. The trading volume has decreased by 45.0%, while the circulating supply rose by 0.93% to 1.01 billion. NEAR's market cap is currently ranked #26, valued at $3.69 billion.

Portfolio Pulse from Benzinga Insights

December 29, 2023 | 7:03 pm

ATOM-USD

Cosmos Hub's cryptocurrency, ATOM, has seen a price decrease of 3.82% in the last 24 hours, down to $10.97. Over the past week, the price has also fallen by 2.0% from $11.24. The trading volume has decreased by 25.0%, while the circulating supply has increased by 30.48%, bringing the supply to 380.80 million. ATOM's market cap is currently ranked #24 at $4.18 billion.

Portfolio Pulse from Benzinga Insights

December 29, 2023 | 7:02 pm