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SPY

The S&P Global Services PMI for October was reported at 50.6, slightly below the estimated 50.9, but higher than the prior month's 50.1.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 1:46 pm

GS

Unusual options activity has been observed for Goldman Sachs Gr (NYSE:GS), with a bearish stance taken by a large investor. The overall sentiment of these big-money traders is split between 45% bullish and 54% bearish. The price of GS is up 1.51% at $318.5. Analysts from Oppenheimer and JMP Securities have maintained their Outperform and Market Outperform ratings respectively, with price targets of $447 and $440.

Portfolio Pulse from Benzinga Insights

November 03, 2023 | 1:46 pm

BTCUSD

ETHUSD

SOLUSD

TWTUSD

Cryptocurrency prices fell following the release of the US jobs report. Bitcoin (BTC) and Ethereum (ETH) traded lower, with ETH falling below the $1,800 mark. Trust Wallet Token (TWT) was the top gainer over the past 24 hours, while Solana (SOL) was the biggest loser. The global crypto market cap fell to $1.27 trillion, a 24-hour decline of 2.9%.

Portfolio Pulse from Lisa Levin

November 03, 2023 | 1:32 pm

BVN

Compañia de Minas Buenaventura S.A.A. (Buenaventura) has announced the sale of its risk and insurance brokerage, Contacto Corredores De Seguros S.A., to Howden Holdco Perú S.A.C. for $33.7M in cash, plus an additional variable cost capped at $1.6M. The sale is part of Buenaventura's strategy to strengthen its balance sheet and increase liquidity. The proceeds will be used to accelerate deleveraging and support financing of the San Gabriel and Yumpag projects.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 1:03 pm

SPY

The number of private nonfarm payrolls for October was reported at 99K, significantly lower than the expected 158K and the prior figure of 263K.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 12:32 pm

TARA

Protara Therapeutics reported Q3 losses of $(0.87) per share, beating the analyst consensus estimate of $(0.98) by 11.22 percent. This is a 27.94 percent decrease over losses from the same period last year. The company has cash, cash equivalents and investments of $74M as of September 30, 2023, which is expected to fund operations into Q2 of 2025.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 12:14 pm

MTEK

Maris-Tech Ltd. (NASDAQ:MTEK) has received a grant of approximately $156,000 from the Israel Innovation Authority for the second year of a joint development project with the Ben Gurion University. The project aims to develop an AI and machine learning-based system for diagnosing and predicting drone faults and malfunctions. The grant represents 66% of the total budget for the second year operation of the project.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 12:14 pm

MSTR

SQ

Block Inc (NASDAQ:SQ) and MicroStrategy Inc (NASDAQ:MSTR) have both invested heavily in Bitcoin. Block reported a 37.5% growth in Bitcoin-related revenue, reaching $2.42 billion. MicroStrategy purchased an additional 155 bitcoins in October, bringing its total to 158,400 bitcoins. However, MicroStrategy recorded an impairment loss on its digital asset holdings during Q3. Over the past year, MicroStrategy's stock saw an 82.59% increase, while Block's stock decreased by 18.42%.

Portfolio Pulse from Mehab Qureshi

November 03, 2023 | 12:10 pm

DOGEUSD

Crypto analysts predict a potential surge of over 30% in Dogecoin (CRYPTO: DOGE) before 2024, provided it maintains the weekly support zone at $0.069. Analyst Crypto Tony suggests that if DOGE behaves favorably, it could trigger a pump in the broader meme coin category. However, another analyst, Rekt Capital, warns of a risk of a stronger rejection that could drive the price down unless the price can regain the Channel Top as support.

Portfolio Pulse from Mehab Qureshi

November 03, 2023 | 11:35 am

GLD

SPY

UUP

On November 2nd, U.S. stock markets closed higher due to optimism about the Fed's rate hikes and positive quarterly reports. All S&P 500 sectors advanced, with the Dow Jones, S&P 500, and Nasdaq Composite all seeing gains. Asian markets also saw gains, with Japan's markets closed for Culture Day. European markets were mixed, with the STOXX 600 and Germany's DAX gaining, while France's CAC and the U.K.'s FTSE 100 traded lower. Commodities saw mixed results, with Crude Oil and Brent trading lower, while Natural Gas and Gold traded higher. U.S. futures were mixed, and the U.S. Dollar Index was down.

Portfolio Pulse from Akanksha Bakshi

November 03, 2023 | 11:29 am