Streetbeat News

Assets

ASAN

COIN

MDB

NIO

RIOT

On Tuesday, U.S. stocks showed mixed results with the Nasdaq Composite rising and the Dow falling. MongoDB, NIO, Coinbase, Asana, and Riot Blockchain were among the top stocks gaining investor interest. MongoDB reported a 30% increase in Q3 revenue, NIO saw a surge in EV deliveries, Coinbase received a raised price target from Needham, Asana reported a narrower quarterly loss with increased sales, and Riot Blockchain benefited from Bitcoin's price rally.

Portfolio Pulse from Benzinga Neuro

December 06, 2023 | 1:49 am

BLK

BTCUSD

ETHUSD

The SEC has delayed its decision on the Grayscale Ethereum Trust's ETF proposal until Jan. 25, 2024. The proposal by NYSE Arca for listing was made public on Oct. 27, 2023, and the SEC is taking additional time to review it. This postponement follows a similar delay for the Hashdex Nasdaq Ethereum ETF. BlackRock Inc. and Bitwise have also updated their filings for Bitcoin ETF proposals.

Portfolio Pulse from Murtuza Merchant

December 05, 2023 | 11:36 pm

AGG

BND

BNDX

EMB

HYG

IGIB

JNK

TLT

USHY

VGLT

Investors have recently funneled billions into aggressive bond ETFs, anticipating multiple Federal Reserve rate cuts in 2024. This trend reflects a strong belief in a disinflationary trend and a potential shift in the Fed's monetary policy. The inflows have been particularly notable in ETFs that include long-term Treasury bonds, emerging-market bonds, and high-yield corporate bonds. The top 10 bond ETFs by fund inflows in the past month are led by iShares iBoxx $ High Yield Corporate Bond ETF (HYG) and include others like iShares Core U.S. Aggregate Bond ETF (AGG) and SPDR Bloomberg High Yield Bond ETF (JNK).

Portfolio Pulse from Piero Cingari

December 05, 2023 | 11:18 pm

ARKK

GBTC

Cathie Wood, in an interview with Benzinga, predicted a $25 trillion Bitcoin market by 2030. Since then, Bitcoin's price and market cap surged 70%, with a current market cap of $856.8 billion. Wood remains optimistic, suggesting Bitcoin could reach $650,000 in five to seven years and potentially $1 million to $1.5 million later. Despite public bullishness, Wood's Ark Invest has been reducing Bitcoin exposure, selling over 700,000 shares of Bitcoin Grayscale Trust. Ark Invest is also collaborating with 21Shares for a spot Bitcoin ETF.

Portfolio Pulse from Khyathi Dalal

December 05, 2023 | 10:31 pm

RIO

Rio Tinto held its 2023 Investor Seminar in Sydney, where it disclosed an estimated $6.2 billion share of capital investment required to develop the Simandou iron ore project.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 10:16 pm

MSTR

MicroStrategy Inc. (NASDAQ: MSTR) has outperformed Bitcoin with a 23% increase in the past month and 104% over six months, compared to Bitcoin's 19% and 63% respectively. Canaccord Genuity Corp. raised its price target for MicroStrategy to $670, citing the company's strategic Bitcoin investment and solid software business. MicroStrategy's aggressive Bitcoin acquisition strategy and the potential for U.S. Bitcoin ETF approvals are seen as positive market catalysts.

Portfolio Pulse from Murtuza Merchant

December 05, 2023 | 10:00 pm

SPY

USO

The latest USA API Weekly Crude Oil Stock report indicated a build of 0.594 million barrels, contrary to the estimated draw of 2.267 million barrels. This is a shift from the prior week's draw of 0.817 million barrels.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 9:37 pm

GBNH

Greenbrook TMS shares are trading higher following the announcement that the company secured $2.5 million in debt financing.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 9:36 pm

ISRG

Over the past 10 years, Intuitive Surgical (NASDAQ:ISRG) has produced an average annual return of 22.06%, outperforming the market by 12.35% on an annualized basis. A $1000 investment in ISRG a decade ago would be worth $7,397.12 today. Intuitive Surgical currently has a market cap of $109.04 billion.

Portfolio Pulse from Benzinga Insights

December 05, 2023 | 9:30 pm

CANC

President Biden announced a $240 million investment to support cancer research through ARPA-H, as part of the Cancer Moonshot initiative. This funding aims to enhance cancer prevention, detection, treatment, and survival. The investment is expected to drive innovation and could benefit companies developing cancer treatments. The Tema Oncology ETF (CANC) is highlighted as a way for investors to engage in oncology-focused investments and potentially benefit from the initiative's progress.

Portfolio Pulse from Johnny Rice

December 05, 2023 | 9:17 pm