Streetbeat News

Assets

KOS

Kosmos Energy has increased its working interest to 90% and assumed operatorship of the Yakaar-Teranga gas discoveries offshore Senegal, following BP's exit from the field. Yakaar-Teranga is one of the world's largest gas discoveries in recent years, holding around 25 trillion cubic feet of advantaged gas.

Portfolio Pulse from Benzinga Newsdesk

November 06, 2023 | 7:24 am

EWG

Germany's factory orders for September have increased by 0.2%, beating the estimated decrease of -1%. The prior figure was revised to 1.9%.

Portfolio Pulse from Benzinga Newsdesk

November 06, 2023 | 7:03 am

BTCUSD

DOGEUSD

Dogecoin (DOGE) has seen a 4% surge, surpassing the $0.69 threshold, while Bitcoin (BTC) continues to decline. This comes as a Dogecoin wallet, inactive since 2014, made three separate transfers, shifting over 5 million DOGE worth $372,461 to a different wallet. The value of the wallet has increased by 80,000% to approximately $376,758 since its last activity.

Portfolio Pulse from Mehab Qureshi

November 06, 2023 | 4:23 am

ETHUSD

SOLUSD

Bloomberg crypto analyst Jamie Coutts predicts a 3900% increase in the market cap of smart contract cryptocurrencies, led by Ethereum and Solana, within the next five years. The daily user base for smart contract platforms is currently over 5 million, with a growth rate of 29% per quarter since 2019. Coutts anticipates a user increase to 100 million by 2028. The total market valuation of the smart contract ecosystem could leap from the current $350 billion to $5 trillion to $14 trillion.

Portfolio Pulse from Bibhu Pattnaik

November 05, 2023 | 1:41 pm

BTCUSD

Crypto analyst Dave the Wave predicts Bitcoin (CRYPTO: BTC) could surge to $50,000 before settling back to around $35,000. He also suggests that Bitcoin could reach an estimated value of $180,000 by April 2025, a 424% increase from its current price. The analyst also foresees Bitcoin continuing to outpace traditional assets, like stock indices, for approximately another decade.

Portfolio Pulse from Bibhu Pattnaik

November 04, 2023 | 4:28 pm

BABA

BTCUSD

DIS

MSFT

NVDA

TSLA

Wall Street saw robust gains last week, with the Dow, S&P 500, and Nasdaq posting strong performances. The Federal Reserve maintained the interest rate range at 5.25% to 5.5%. Microsoft is expected to see a significant revenue increase with the launch of M365 Copilot. Michael Saylor advocates for investment in Bitcoin. Alibaba could benefit from China's ACCEL chip, which reportedly outperforms Nvidia's AI chips. Disney faces potential boardroom changes due to activist investor Nelson Peltz. Tesla and Nvidia could face sell-offs from institutional investors.

Portfolio Pulse from Michael Cohen

November 04, 2023 | 12:57 pm

AAPL

AXP

BAC

BRK/A

CVX

Berkshire Hathaway has disclosed that approximately 78% of the aggregate fair value in equity investments is concentrated in five companies: American Express ($22.6B), Apple ($156.8B), Bank of America ($28.3B), Coca-Cola ($22.4B), and Chevron ($18.6B).

Portfolio Pulse from Charles Gross

November 04, 2023 | 12:46 pm

AAPL

AXP

BAC

CVX

Berkshire Hathaway's equity investments are heavily concentrated in five companies: American Express ($22.6B), Apple ($156.8B), Bank of America ($28.3B), Coca-Cola ($22.4B), and Chevron ($18.6B), making up ~78% of the aggregate fair value.

Portfolio Pulse from Charles Gross

November 04, 2023 | 12:39 pm

BTCUSD

DOGEUSD

TSLA

Tesla CEO Elon Musk has stated that none of his companies, including xAI, will ever create cryptocurrency tokens. This announcement came after the XAI Corp token experienced a 175% surge in value due to a misunderstanding that Musk's AI venture was creating a cryptocurrency token. Musk's previous interactions with cryptocurrencies, such as Tesla's acceptance and later rejection of Bitcoin as payment, have significantly impacted crypto markets.

Portfolio Pulse from Ananya Gairola

November 04, 2023 | 8:36 am

Trane Technologies (NYSE:TT) has outperformed the market over the past 15 years, producing an average annual return of 20.61%. If an investor had bought $1000 of TT stock 15 years ago, it would be worth $16,529.94 today.

Portfolio Pulse from Benzinga Insights

November 03, 2023 | 9:30 pm