Streetbeat News

Assets

MPLX

MPLX's (NYSE:MPLX) short interest has increased by 3.06% since the last report, with 10.68 million shares sold short, representing 3.03% of available shares. It would take about 7.24 days to cover all short positions. While an increase in short interest can indicate bearish sentiment, MPLX has less short interest compared to its peers' average of 3.46%. The rise in short interest doesn't necessarily predict a stock price drop.

Portfolio Pulse from Benzinga Insights

December 25, 2023 | 1:00 pm

DOGE

ETH

SHIB

SOL

Solana's meme coin BONK has seen a 9000% increase year-to-date, reaching a market cap of $1.17 billion, making it the third-largest dog-themed coin. The surge followed a significant airdrop to the Solana community and support from major exchanges like Coinbase and Binance. The Solana Saga phone also saw increased demand due to BONK. Other Solana-based tokens like Helium and Dogwifhat also experienced substantial gains. However, analysts warn of a potential correction for BONK in the near future.

Portfolio Pulse from Mehab Qureshi

December 25, 2023 | 11:15 am

BTCUSD

Crypto analyst TechDev predicts Bitcoin (BTC) may hit a new all-time high soon, based on the on-balance volume (OBV) indicator, which has historically signaled new peaks. The OBV is at new highs, and historically, a new all-time high followed within two months, with a top six to ten months later. The Vortex Indicator (VI) also shows bullish signals for Bitcoin. The anticipated Bitcoin ETF launch in early January 2024 and a 164% surge in Bitcoin's market cap in 2023, partly due to optimism over a potential US-approved Bitcoin ETF, are contributing to positive sentiment. BTC is currently trading at $43,616.73.

Portfolio Pulse from Rounak Jain

December 24, 2023 | 10:03 pm

DOGE-USD

SHIB-USD

TRX-USD

Shiba Inu (CRYPTO: SHIB) has seen 8 trillion tokens withdrawn from exchanges since November, valued at $88 million. Whale activity has increased, with large transactions up by 150% in the past 30 days. Justin Sun, founder of Tron (CRYPTO: TRON), is among the whales accumulating SHIB. A significant SHIB burn rate increase coincides with a partnership with D3 Global for the .shib domain. SHIB's price is down 1.98% at $0.00001089.

Portfolio Pulse from Rounak Jain

December 24, 2023 | 7:17 pm

MANU

British billionaire Jim Ratcliffe has acquired a minority stake in Manchester United (NYSE:MANU), valuing the club at $6.3 billion. Ratcliffe purchased 25% of the club's non-voting shares at $33 each, a 65% premium over the recent closing price, and will also gain 25% of the nonlisted voting shares from the Glazer family. He plans to invest $300 million in the club's stadium but will not control the commercial operations. The deal is pending approval from the English Premier League.

Portfolio Pulse from Benzinga Neuro

December 24, 2023 | 6:05 pm

BLK

BTCUSD

Cryptocurrency expert DonAlt warns that the potential approval of a spot-based Bitcoin ETF could lead to a 'sell-the-news' event, causing a significant drop in Bitcoin's value. Despite a 164% surge in market capitalization in 2023, DonAlt predicts a temporary rally followed by a correction of up to 30%. However, he suggests that firms like BlackRock Inc. might support Bitcoin's price post-ETF approval. The ETF decision is expected by Jan. 10 and could cause a 'demand shock' in the market.

Portfolio Pulse from Rounak Jain

December 24, 2023 | 4:55 pm

CAG

Slim Jim's custom Nissan Z, known as Fast Meat and valued at $115,000, was recovered near Chicago after being reported stolen. The car, which features unique Slim Jim branding and snack dispensers, belongs to Conagra Brands Inc (NYSE:CAG). It was stolen on its way to Los Angeles for a video shoot. Conagra launched a #Findfastmeat campaign to locate it. The vehicle was found with its custom graphics and interior intact, and Conagra confirmed the theft was genuine.

Portfolio Pulse from Anan Ashraf

December 24, 2023 | 4:21 pm

DOGE-USD

SHIB-USD

SOL-USD

The cryptocurrency market saw significant developments this week, with Shiba Inu's (CRYPTO: SHIB) burn rate increasing by 28,350% after a partnership with D3 Global for the .shib domain. Dogecoin (CRYPTO: DOGE) is predicted to rally if it crosses $0.106, and Elon Musk's X platform may integrate Dogecoin payments. Solana (CRYPTO: SOL) is forecasted to break out against Bitcoin (CRYPTO: BTC), potentially leading to a rally in its USD pair.

Portfolio Pulse from Benzinga Neuro

December 24, 2023 | 9:42 am

FXCOF

MSFT

Microsoft Corp. (NASDAQ:MSFT) has purchased a 407-acre property in Wisconsin, which includes a pumpkin farm, for $76 million. The acquisition is part of Microsoft's plans to build a data center campus in the area, with an initial employment of 200 people, potentially increasing to over 460. The property is adjacent to another plot Microsoft previously bought for $99.7 million. The deal concludes a period of uncertainty in the village after Foxconn (OTCPK: FXCOF) scaled back its $10 billion investment to $672 million.

Portfolio Pulse from Rounak Jain

December 23, 2023 | 5:48 pm

BDN

EQC

OPI

The article highlights three office REITs with high dividend yields for investors interested in real estate investments without direct property management. Equity Commonwealth (EQC) leads with a 27.35% yield, focusing on office properties in Colorado, Texas, and Washington, D.C. Office Properties Income Trust (OPI) offers a 14.28% yield, with a portfolio leaning towards government and corporate single tenants. Brandywine Realty Trust (BDN) has an 11.33% yield, concentrating on urban and transit-oriented office properties in Philadelphia, Austin, and Washington, D.C.

Portfolio Pulse from Chris Bibey

December 23, 2023 | 5:00 pm