Streetbeat News

Assets

ACN

Accenture (NYSE:ACN) has acquired Ocelot Consulting, a cloud consultancy firm, to enhance its data engineering and Cloud First capabilities in North America. Ocelot Consulting brings expertise in full-stack development, data engineering, data science, and cloud modernization, particularly with AWS. The acquisition aims to accelerate cloud transformation for clients in various industries such as utilities, financial services, agriculture, and consumer goods. The financial terms were not disclosed. Ocelot's team of approximately 100 technologists will join the Accenture AWS Business Group, which is part of Accenture Cloud First.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 8:12 pm

NVDA

SSNLF

TSM

At the UBS Technology Conference, NVIDIA's CFO expressed interest in adding a third foundry partner to diversify beyond its current reliance on TSMC and Samsung for chip production.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 7:08 pm

ICPUSD

Internet Computer's cryptocurrency (ICP) has seen a 4.49% increase in price over the last 24 hours, reaching $4.62, continuing a positive trend with a 10% gain over the past week. Despite the recent gains, it is still far from its all-time high of $700.65. The trading volume has decreased by 13% over the past week, while the circulating supply slightly increased by 0.01%. The current market cap ranks ICP at #34, valued at $2.07 billion.

Portfolio Pulse from Benzinga Insights

November 28, 2023 | 7:00 pm

DOTUSD

Polkadot's (CRYPTO: DOT) price has risen 3.55% in the last 24 hours to $5.27, continuing a positive trend with a 6.0% gain over the past week. Despite a 25% decrease in trading volume over the week, the circulating supply increased by 0.14%. Polkadot's market cap is currently ranked #16 at $6.86 billion.

Portfolio Pulse from Benzinga Insights

November 28, 2023 | 7:00 pm

AMZN

LUX

Jeff Bezos, founder of Amazon.com, Inc, is known for his luxurious lifestyle, owning a collection of high-value assets including a $500M superyacht, a $65M Gulfstream G-650ER jet, and a $42M clock in the West Texas mountains. His car collection, featuring brands like Lamborghini and Bugatti, is worth around $20M. Bezos also owns expensive real estate and a robot dog named 'Spot'. The article also highlights Tema's Luxury ETF (LUX), an actively managed fund investing in the luxury sector, which includes companies like Hermes, Ferrari, and Mercedes.

Portfolio Pulse from Melanie Schaffer

November 28, 2023 | 6:51 pm

DIA

GLD

IWM

NEM

PDD

QQQ

SPY

USO

U.S. stocks rebounded on Tuesday following dovish remarks from Federal Reserve officials, suggesting a potential slowdown in rate hikes if inflation continues to decline. Treasury yields and the U.S. dollar index fell, while gold prices surged to $2,040. The SPDR Gold Trust (GLD) and U.S. stock index ETFs like SPY, DIA, QQQ, and IWM saw gains. Utilities and energy sectors outperformed, while healthcare and biotech lagged. Newmont Corp. (NEM) and PDD Holdings Inc. (PDD) experienced significant stock price increases, while Micron Technology Inc. (MU) declined despite a positive outlook. Other assets like the United States Oil Fund (USO) and cryptocurrencies also saw gains.

Portfolio Pulse from Piero Cingari

November 28, 2023 | 6:40 pm

ETHUSD

A total of 6,902.89 Ether (ETH) worth approximately $14.3 million was burned on Monday, permanently removing it from circulation. This is a result of the EIP-1159 upgrade implemented on August 5th, 2021, which introduced a variable base fee for transactions that is burned. The current issuance rate of new Ether is 4% per year, expected to drop to 0.5-1% with the Ethereum 2.0 upgrade, potentially making ETH a deflationary currency. The net annualized issuance rate for Ether was -7.42% yesterday, according to Glassnode.

Portfolio Pulse from Benzinga Insights

November 28, 2023 | 6:00 pm

AAPL

INTC

MSFT

UDN

UUP

The US dollar index (DXY) has declined by 3.8% since early October, largely due to a rally in the equity market, as per Bank of America analysts. The S&P 500 index rose 10.5% since Oct. 27, with tech giants like Microsoft and Apple, and chip producer Intel Corporation seeing significant gains. The VIX index has dropped, indicating lower market volatility. Dollar ETFs like the Invesco DB US Dollar Index Bullish Fund and Bearish Fund have moved inversely to the dollar's trend. The dollar's movement is now more tied to risk sentiment than traditional factors like economic growth or geopolitical risk, with the Fed's potential rate cut by the end of Q1 being a key factor to watch.

Portfolio Pulse from Neil Dennis

November 28, 2023 | 5:58 pm

AMD

AMD has opened its largest global design center in Bengaluru, India, with plans to invest $400M over the next five years. The new campus, named AMD Technostar, will focus on semiconductor technology, including 3D stacking, AI, and machine learning, and will house around 3,000 engineers. The center will contribute to the development of CPUs, GPUs, SoCs, and FPGAs for various applications. AMD's India workforce constitutes 25% of its global employees. The stock was down 0.6% to $121.85.

Portfolio Pulse from Anusuya Lahiri

November 28, 2023 | 5:50 pm

ADBE

AMD

CRWD

ENPH

MRVL

MSFT

NVDA

PANW

SNOW

Whale activity in the Information Technology sector has been detected, with significant options trades on stocks like NVDA, PANW, MSFT, ZS, SNOW, AMD, CRWD, ADBE, ENPH, and MRVL. The trades include both bullish and bearish sentiments, with varying expiration dates and strike prices. The total trade prices ranged from $26.4K to $457.4K, indicating substantial financial moves by entities with large sums of money. This activity could signal upcoming market movements for these stocks.

Portfolio Pulse from Benzinga Insights

November 28, 2023 | 5:35 pm