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Assets

UBER

Uber Technologies, Inc. has priced an upsized offering of $1.5 billion in 0.875% Convertible Senior Notes due 2028, increased from the initial $1.2 billion. The offering includes an option for initial purchasers to buy an additional $225 million of the notes. The sale is targeted at qualified institutional buyers and is expected to close by November 24, 2023, subject to customary closing conditions.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 7:32 am

BTCUSD

Robert Kiyosaki, author of 'Rich Dad Poor Dad', has endorsed Bitcoin (BTC) as the best protection against potential hyperinflation, referring to it as 'People's money'. He suggests that Bitcoin's decentralized nature gives control to the people, unlike traditional currencies controlled by leaders. Kiyosaki has previously shown support for gold, silver, and Bitcoin, even predicting a Bitcoin price of $100,000. His views contrast with his past skepticism about Bitcoin and the U.S. Dollar, especially in light of Citibank's blockchain technology for cross-border transactions.

Portfolio Pulse from Mehab Qureshi

November 21, 2023 | 7:08 am

DOGE

SHIB

SOL

BONK, a meme coin in the Solana ecosystem, has surged by 1700% in the past month, outperforming other meme coins like Dogecoin and Shiba Inu. Despite a 29% drop from its all-time high, BONK's rise is notable in the wake of FTX's collapse, which affected the Solana network. BONK's airdrop during Christmas 2022 and its tokenomics have contributed to its demand and performance.

Portfolio Pulse from Mehab Qureshi

November 21, 2023 | 5:07 am

BTCUSD

DOGEUSD

Javier Milei, Argentina's next President, is gaining attention for his unconventional telepathic communications with his deceased dog, Conan, who he claims advised him on his political strategy. Milei's pro-Bitcoin stance has garnered support from prominent crypto figures like Balaji Srinivasan, Michael Saylor, Samson Mow, and Ryan Selkis, who are optimistic about potential Bitcoin-friendly reforms in Argentina. Elon Musk and Dogecoin co-founder Billy Markus also expressed positive sentiments about Argentina's future under Milei's leadership.

Portfolio Pulse from Mehab Qureshi

November 21, 2023 | 4:23 am

ARKB

Ark Invest, led by Cathie Wood, has filed a third amendment to its spot Bitcoin ETF filing, indicating ongoing conversations with the SEC. The proposed ARK 21Shares Bitcoin ETF, to be traded under the ticker 'ARKB' on the BZX Exchange, includes a fee structure and enhanced risk disclosures. Bloomberg experts view these updates as positive signs for eventual SEC approval. The deadline for the SEC's decision is now January 11, 2024.

Portfolio Pulse from Khyathi Dalal

November 20, 2023 | 10:21 pm

ALGN

ENPH

MSFT

NVDA

PANW

QQQ

NVIDIA Corp. (NVDA) and Microsoft Corp. (MSFT) reached record highs, contributing to the NASDAQ 100 Index's approach to its November 2021 peak. The Invesco QQQ Trust (QQQ) mirrored this rise with a 1.2% gain. NVIDIA has surged 250% for the year, while Microsoft has returned 59%, marking its best year since 1999. Other top performers in the NASDAQ 100 included Enphase Energy Inc. (ENPH), Palo Alto Networks Inc. (PANW), and Align Technology Inc. (ALGN). Despite the gains, the Relative Strength Index (RSI) indicates the market may be overbought, suggesting a potential consolidation or pullback ahead.

Portfolio Pulse from Piero Cingari

November 20, 2023 | 10:09 pm

ARKK

BLK

Bernstein analysts predict Bitcoin's market cap could exceed $3 trillion by mid-2025, citing low churn rates, the upcoming Bitcoin halving, new FASB accounting guidelines, potential approval of a U.S.-listed spot Bitcoin ETF, and its use as a hedge against currency debasement. The SEC is engaging with asset managers like BlackRock and Ark Invest on ETF applications.

Portfolio Pulse from Murtuza Merchant

November 20, 2023 | 9:52 pm

ICE

Intercontinental Exchange (NYSE:ICE) has delivered an average annual return of 15.02% over the past 15 years, outperforming the market by 3.26% annually. A $100 investment in ICE 15 years ago would be worth $847.44 today. The company currently has a market cap of $64.19 billion.

Portfolio Pulse from Benzinga Insights

November 20, 2023 | 9:30 pm

FTI

TechnipFMC plc (NYSE:FTI) has agreed to sell its Measurement Solutions business to One Equity Partners for $205 million in cash. The Measurement Solutions business is part of TechnipFMC's Surface Technologies segment and includes engineering and manufacturing locations in North America and Europe. The sale is in line with TechnipFMC's strategy to focus on core products, technologies, and integrated solutions for clients. The transaction is expected to close in the first half of 2024, subject to customary closing conditions.

Portfolio Pulse from Benzinga Newsdesk

November 20, 2023 | 9:15 pm

DOGEUSD

Despite the broader crypto sector experiencing gains after pro-Bitcoin libertarian Javier Milei's election as Argentina's president, Dogecoin (CRYPTO: DOGE) is trading lower by 1.5% at the $0.079 level. Milei's victory, which is seen as positive for cryptocurrencies due to his opposition to central banks and support for Bitcoin, has not translated into gains for Dogecoin during the session.

Portfolio Pulse from Henry Khederian

November 20, 2023 | 9:12 pm