Streetbeat News

Assets

XLMUSD

Stellar's (CRYPTO: XLM) price has fallen 3.33% to $0.13 in the past 24 hours, contrasting its positive trend over the past week where it gained 3.0%. The trading volume for the coin has decreased 37.0% over the past week, while the overall circulating supply of the coin has increased 0.08% to over 27.94 billion. The current market cap ranking for XLM is #24 at $3.55 billion.

Portfolio Pulse from Benzinga Insights

November 07, 2023 | 7:00 pm

LINKUSD

Chainlink's (CRYPTO: LINK) price has risen 4.19% to $13.17 in the past 24 hours, continuing its positive trend over the past week with a 13.0% gain. The trading volume for the coin has tumbled 0.0% over the past week while the circulating supply has risen 0.13% to 556.85 million, which makes up an estimated 55.68% of its max supply of 1.00 billion. The current market cap ranking for LINK is #13 at $7.32 billion.

Portfolio Pulse from Benzinga Insights

November 07, 2023 | 7:00 pm

SPY

Federal Reserve official Lorie Logan has stated that if the rise in long-term interest rates is driven by term premium, it could do some of the Federal Reserve's work. This could potentially impact the performance of the SPY ETF.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 6:39 pm

PBR

A significant move by an investor in Petrobras Brasileiro (NYSE:PBR) has been observed, with a bullish approach being adopted. The investor's identity is unknown, but such a move usually suggests insider knowledge. The general mood among heavyweight investors is divided, with 80% leaning bullish and 20% bearish. The major market movers are focusing on a price band between $12.0 and $15.5 for Petrobras Brasileiro. The stock is currently trading at $15.66.

Portfolio Pulse from Benzinga Insights

November 07, 2023 | 6:38 pm

QCOM

Over the past 20 years, Qualcomm (NASDAQ:QCOM) has outperformed the market by 1.08% on an annualized basis, producing an average annual return of 8.45%. If an investor had bought $1000 of QCOM stock 20 years ago, it would be worth $5,031.45 today.

Portfolio Pulse from Benzinga Insights

November 07, 2023 | 6:34 pm

EXPE

GNRC

PODD

QQQ

SPY

XLK

The U.S. stock market has seen a record rally in November, with the S&P 500 and Nasdaq 100 experiencing their longest sustained uptrend in two years. The rally was driven by a dovish Fed meeting and softer labor market data. The technology sector outperformed all other sectors within the S&P 500 index, with the Technology Select Sector SPDR Fund (NYSE:XLK) surging by 6.5% month-to-date. The top performing S&P 500 stocks month-to-date include Expedia Group Inc. (NASDAQ:EXPE), Generac Holdings Inc. (NYSE:GNRC), and Insulet Corp. (NASDAQ:PODD).

Portfolio Pulse from Piero Cingari

November 07, 2023 | 6:13 pm

USO

The Energy Information Administration (EIA) has reduced its forecast for OPEC's surplus crude oil production capacity in 2023 to 3.7 million barrels per day (BPD), according to Reuters. The United States Oil Fund (USO) may be affected by this news.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 6:12 pm

BNBUSD

BTCUSD

CryptoQuant's J. A. Maartunn warns of potential crypto market turbulence, citing a metric that currently stands at $13.8 billion, which could be a precursor to market turbulence. Historically, whenever this metric crossed the $12.2 billion mark, it led to at least a 20% drop in Bitcoin value. CryptoSlate's James Van Straten also noted a significant uptick in the open interest in Bitcoin, which may indicate a shift in investor sentiment or the adoption of defensive strategies amidst market uncertainty.

Portfolio Pulse from Murtuza Merchant

November 07, 2023 | 6:08 pm

JEPI

SPYI

The JPMorgan Equity Premium Income ETF (JEPI) and the NEOS S&P 500 High Income ETF (SPYI) are both options-based high-income ETFs. JEPI, with over $29 billion in assets under management, provides consistent monthly income and lower volatility, but struggles to capture total return against its benchmark index during bullish times. SPYI, on the other hand, has been able to capture over 97% of the S&P 500’s total return year-to-date while paying a 12.19% annual distribution yield to its investors. The author suggests that these two ETFs can complement each other in an income-focused investor's portfolio.

Portfolio Pulse from Austin Hankwitz

November 07, 2023 | 6:05 pm

ETHUSD

On Monday, 6,442.23 Ether (ETH) worth $12M was burned from Ethereum transactions. This follows the Ethereum blockchain's upgrade known as EIP-1159, which changed the fee model and burns a base fee from each transaction. Ethereum is currently issuing new Ether at a rate of 4% per year, expected to decrease to around 0.5-1% with the Ethereum 2.0 upgrade. The net annualized issuance rate for Ether yesterday was -6.69%.

Portfolio Pulse from Benzinga Insights

November 07, 2023 | 6:00 pm