Streetbeat News

Assets

CME

The Bitcoin market is experiencing a surge in futures trading, with institutional investors increasingly using cash-and-carry strategies. The CME Group has seen record open interest in futures contracts, indicating growing institutional participation.

Portfolio Pulse from Murtuza Merchant

October 24, 2024 | 4:43 pm

EDR

TKO

Endeavor is considering selling event assets like the Miami Open, Madrid Open, and Frieze as it plans to go private with Silver Lake. The Raine Group has been retained for this exploratory process.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2024 | 4:03 pm

BYON

Beyond, Inc. (NYSE:BYON), the parent company of Overstock, Bed Bath & Beyond, and Zulily, reported disappointing Q3 2024 earnings with lower sales and a wider loss than expected. The company aims to cut $65M in fixed costs by 2025 and is transforming its business model.

Portfolio Pulse from Vandana Singh

October 24, 2024 | 3:09 pm

JNJ

The article provides a comparative analysis of Johnson & Johnson (JNJ) against its competitors in the Pharmaceuticals industry. JNJ shows potential undervaluation with lower PE, PB, and PS ratios compared to industry averages. However, it underperforms in ROE, EBITDA, gross profit, and revenue growth, indicating potential operational inefficiencies. Despite this, JNJ maintains a strong financial position with a lower debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

October 24, 2024 | 3:01 pm

ON

The article provides a comprehensive analysis of ON Semiconductor (NASDAQ:ON) compared to its competitors in the Semiconductors & Semiconductor Equipment industry. It highlights ON Semiconductor's lower valuation ratios, suggesting potential undervaluation, but also notes its weaker financial performance metrics such as ROE, EBITDA, gross profit, and revenue growth. The company's lower debt-to-equity ratio indicates a stronger financial position compared to its top peers.

Portfolio Pulse from Benzinga Insights

October 24, 2024 | 3:00 pm

PRB

Peak Resources LP is set to begin trading on the NYSE under the ticker PRB on October 25. The IPO price is expected to be between $13.00 and $15.00 per share, with a 180-day insider lock-up period ending on April 23, 2025. The company focuses on investments in oil and natural gas businesses.

Portfolio Pulse from Benzinga Insights

October 24, 2024 | 3:00 pm

LCID

Lucid Group announced a $1.75 billion capital raise, causing its shares to drop. CEO Peter Rawlinson stated the move was to avoid a 'going concern' disclosure, as the company's financial runway was dwindling. Despite recent funding from Saudi Arabia's Public Investment Fund, the timing and size of the offering surprised investors and analysts. Lucid is in a capital-intensive phase, preparing to launch a new SUV and expand its manufacturing capabilities.

Portfolio Pulse from Erica Kollmann

October 24, 2024 | 2:38 pm

SPY

UNG

The latest data shows that USA natural gas storage increased by 80 billion cubic feet, surpassing the estimated 61 billion and the previous 76 billion. This could impact natural gas prices and related ETFs.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2024 | 2:30 pm

GLD

IBIT

Experts suggest Bitcoin's potential to reach new highs may be linked to gold's performance. As gold surges, Bitcoin ETFs, particularly BlackRock's iShares Bitcoin Trust, see significant inflows, indicating possible future price movements.

Portfolio Pulse from Murtuza Merchant

October 24, 2024 | 1:51 pm

TXN

Texas Instruments (NASDAQ:TXN) has expanded its internal manufacturing capacity for gallium nitride (GaN) semiconductors, quadrupling its production capabilities at its Aizu, Japan factory. This expansion enhances TI's ability to produce energy-efficient and reliable GaN-based power semiconductors.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2024 | 1:32 pm