Streetbeat News

Assets

BTCUSD

MSTR

MicroStrategy's Chairman, Michael Saylor, discussed the company's Bitcoin strategy on CNBC. He emphasized the company's commitment to Bitcoin as a key part of its treasury strategy.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 2:46 pm

CPRX

Catalyst Pharmaceuticals has received notification from the United States Patent and Trademark Office (USPTO) that two additional patents covering FIRDAPSE® (amifampridine) Tablets 10 mg will be granted within the next two months. These patents are associated with the unique bioavailability of FIRDAPSE under fasting and fed conditions of dosing. FIRDAPSE is the only approved treatment available in the U.S. for Lambert-Eaton myasthenic syndrome.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 2:38 pm

SPY

UNG

USO

The USA Natural Gas Storage reported a figure of 79B, slightly below the estimated 80B and higher than the previous 74B.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 2:30 pm

EIS

SPY

USO

Traders are discussing a post that states Lebanon's Hezbollah has used two drones to attack an Israeli position in the disputed Shebaa Farms area. The potential impact on US-listed ETFs like EIS (iShares MSCI Israel Capped Investable Market Index Fund), SPY (SPDR S&P 500 ETF Trust), and USO (United States Oil Fund) is being considered.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 2:30 pm

WEC

WEC Energy Group (NYSE:WEC) has outperformed the market over the past 20 years, producing an average annual return of 8.55%. If an investor had bought $1000 of WEC stock 20 years ago, it would be worth $5,183.95 today.

Portfolio Pulse from Benzinga Insights

November 02, 2023 | 2:30 pm

ROST

Ross Stores (NASDAQ:ROST) has outperformed the market over the past 20 years by 4.2% on an annualized basis, producing an average annual return of 11.46%. If an investor had bought $1000 of ROST stock 20 years ago, it would be worth $8,837.98 today.

Portfolio Pulse from Benzinga Insights

November 02, 2023 | 2:30 pm

BTCUSD

MSTR

Equity research firm Canaccord Genuity has set a share price target of $554 for MicroStrategy Incorporated (NASDAQ:MSTR), citing the company's successful adoption of Bitcoin as its primary treasury reserve asset. The firm's valuation methodology includes a 30% premium to MicroStrategy's software business and a 20% premium to its current Bitcoin reserves. MicroStrategy's shares have surged by 242% since August 2020, and the company added 6,067 Bitcoin to its holdings in Q3, bringing its total to 158,245 Bitcoin.

Portfolio Pulse from Murtuza Merchant

November 02, 2023 | 2:17 pm

SPY

The USA Durables Excluding Defense (MoM) for September was reported at 5.7%, slightly lower than the prior figure of 5.8%.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 2:01 pm

SPY

USA Factory Orders for September increased by 2.8%, surpassing the estimated 2.4% and the prior 1.0%.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 2:00 pm

CME

CME Group (NASDAQ:CME) has outperformed the market over the past 20 years, producing an average annual return of 14.68%. If an investor had bought $1000 of CME stock 20 years ago, it would be worth $15,637.31 today. The company currently has a market capitalization of $76.00 billion.

Portfolio Pulse from Benzinga Insights

November 02, 2023 | 2:00 pm