Streetbeat News

Assets

COIN

Ex-Coinbase professionals have established a $500 million fund, C1, to acquire secondary shares in crypto firms like Animoca Brands and Chainalysis at discounts of 50% to 80%. The fund targets companies valued at $300 million or more and plans to invest $20 million to $50 million per deal. Animoca Brands, now valued at $7.8 billion, and Chainalysis, valued at $8.4 billion, are potential targets. The crypto market is showing signs of recovery, with Bitcoin crossing $40,000 and anticipation of a U.S.-regulated Bitcoin ETF and a Bitcoin network upgrade.

Portfolio Pulse from Murtuza Merchant

December 11, 2023 | 4:01 pm

AMAT

Applied Materials (AMAT) is analyzed against its competitors in the Semiconductors & Semiconductor Equipment industry. AMAT shows potential for growth with a lower P/E ratio than the industry average, suggesting undervaluation based on earnings. Its P/B ratio is higher, indicating possible overvaluation based on book value. The P/S ratio below the industry average suggests undervaluation based on sales. AMAT's ROE is above the industry average, indicating efficient profitability. Its EBITDA and gross profit are significantly higher than the industry average, demonstrating strong cash flow and earnings. Revenue growth is also higher, showing strong demand for its products. AMAT's lower debt-to-equity ratio compared to top peers suggests a strong financial position.

Portfolio Pulse from Benzinga Insights

December 11, 2023 | 4:00 pm

BSX

Over the past 10 years, Boston Scientific (NYSE:BSX) has produced an average annual return of 17.03%, outperforming the market by 7.1% on an annualized basis. A $100 investment in BSX a decade ago would be worth $483.55 today. The company's current market capitalization stands at $80.76 billion.

Portfolio Pulse from Benzinga Insights

December 11, 2023 | 4:00 pm

HCA

Over the past 10 years, HCA Healthcare (NYSE: HCA) has produced an average annual return of 18.96%, outperforming the market by 9.03% on an annualized basis. With a current market capitalization of $68.46 billion, a $100 investment in HCA stock a decade ago would be worth $547.86 today. The article highlights the significant impact of compounded returns on investment growth over time.

Portfolio Pulse from Benzinga Insights

December 11, 2023 | 4:00 pm

HON

Over the past 15 years, Honeywell Intl (NASDAQ:HON) has produced an average annual return of 13.16%, outperforming the market. A $100 investment in HON stock 15 years ago would be worth $680.95 today. Honeywell Intl currently has a market cap of $129.66 billion. The article highlights the impact of compounded returns on investment growth over time.

Portfolio Pulse from Benzinga Insights

December 11, 2023 | 3:30 pm

BTCUSD

ETHUSD

FTTUSD

The cryptocurrency market experienced a downturn, with Bitcoin (BTC) and Ethereum (ETH) recording losses, falling below $43,000 and $2,300 respectively. FTX Token (FTT) was the top loser over the past 24 hours, while Injective (INJ) led the gainers. The global crypto market cap declined by 3.2% to $1.58 trillion.

Portfolio Pulse from Avi Kapoor

December 11, 2023 | 3:04 pm

EXR

Over the past 10 years, Extra Space Storage (NYSE:EXR) has delivered an average annual return of 12.86%, outperforming the market by 2.94% on an annualized basis. A $1000 investment in EXR a decade ago would be worth $3,381.75 today. The company currently holds a market capitalization of $29.12 billion.

Portfolio Pulse from Benzinga Insights

December 11, 2023 | 3:00 pm

APH

Over the past 10 years, Amphenol (NYSE:APH) has produced an average annual return of 15.94%, outperforming the market by 6.01% on an annualized basis. A $1000 investment in APH a decade ago would be worth $4,400.70 today. Amphenol's market capitalization currently stands at $56.64 billion.

Portfolio Pulse from Benzinga Insights

December 11, 2023 | 3:00 pm

ETHUSD

Ethereum (CRYPTO: ETH) has seen a 5.46% decrease in price over the last 24 hours, falling to $2,220.49, despite a 1.0% gain over the past week. The trading volume has decreased by 11.0%, while the circulating supply has slightly increased by 0.04% to 120.22 million. Ethereum's market cap remains the second-largest at $267.61 billion.

Portfolio Pulse from Benzinga Insights

December 11, 2023 | 3:00 pm

ADAUSD

Cardano's (CRYPTO: ADA) price has dropped by 9.49% in the last 24 hours, reaching $0.54, despite a 36.0% increase over the past week from $0.40. The trading volume surged by 124.0%, and the circulating supply rose by 0.23% to 35.00 billion, which is 77.79% of the max supply. Cardano's market cap is currently ranked #9 at $18.98 billion.

Portfolio Pulse from Benzinga Insights

December 11, 2023 | 3:00 pm