Streetbeat News

Assets

ARKF

BEAM

DSY

MELI

SOFI

TXG

Ark Invest, led by Cathie Wood, has purchased 473,225 shares of SoFi Technologies, valued at $3.3 million, amid a surge in SoFi's stock price. This acquisition represents 0.4507% of their ARKF ETF. SoFi has reported strong Q3 results, with a 27% Y/Y increase in adjusted revenue to $530.7 million. Ark Invest also made other key trades, including selling shares of Discovery Ltd and MercadoLibre Inc, and purchasing shares of Beam Therapeutics Inc and 10X Genomics Inc.

Portfolio Pulse from Benzinga Neuro

October 31, 2023 | 3:14 am

BTCUSD

DOGEUSD

ETHUSD

Major cryptocurrencies including Bitcoin, Ethereum, and Dogecoin experienced a surge driven by investor optimism surrounding the potential approval of a Bitcoin exchange-traded fund (ETF). Several Wall Street firms have submitted applications to the SEC for a new spot BTC ETF product. Crypto-focused investment funds saw a massive influx of $326 million in net inflows last week. Analysts predict a game-changing breakout for Bitcoin at $35K.

Portfolio Pulse from Mehab Qureshi

October 31, 2023 | 2:45 am

BLK

BTCUSD

Bitcoin (BTC) and the crypto market have been on the rise over the past two weeks, with BTC trading at its yearly highs. The rally was sparked by the news of BlackRock's upcoming BTC ETF, which caused a spike of over 10% in BTC's price. The price has held even after the ETF was removed from the Depository Trust and Clearing Corporation’s (DTCC) website. Some traders/investors are considering BTC as a hedge against falling financial markets.

Portfolio Pulse from Thrash Capital

October 30, 2023 | 9:37 pm

CVE

Over the past 5 years, Cenovus Energy (NYSE:CVE) has outperformed the market by 8.11% on an annualized basis, producing an average annual return of 16.97%. If an investor had bought $1000 of CVE stock 5 years ago, it would be worth $2,184.72 today.

Portfolio Pulse from Benzinga Insights

October 30, 2023 | 9:30 pm

KLAC

KLA (NASDAQ:KLAC) has outperformed the market over the past 15 years, producing an average annual return of 21.83%. If an investor had bought $1000 of KLAC stock 15 years ago, it would be worth $20,181.82 today.

Portfolio Pulse from Benzinga Insights

October 30, 2023 | 9:30 pm

AAPL

GLD

MCD

QQQ

SPY

USO

Investors are buying stocks due to no military response from Iran over the weekend, ignoring potential bad news on Apple. Reports suggest many Chinese are abandoning iPhones for Huawei’s Mate 60 Pro. Apple's largest supplier, Foxconn, is being targeted by China with tax audits and land use audits. The Bank of Japan's decision is awaited, with opinions ranging from no action to abandoning its yield curve control policy. Money flows are positive in several tech stocks and ETFs. Gold is over $2000, while oil is being sold due to no military action from Iran.

Portfolio Pulse from The Arora Report

October 30, 2023 | 9:30 pm

MNTS

Momentus is reportedly working to raise additional capital and has received multiple indications of interest from potential strategic partners, according to an 8-K filing.

Portfolio Pulse from Charles Gross

October 30, 2023 | 9:18 pm

SIEN

Sientra is exploring strategic alternatives to improve its balance sheet and ensure continued success. The company is experiencing growth in the breast reconstruction market with new products like Viality and SimpliDerm, despite softness in the augmentation market. Sientra aims to enhance its financial position to become a preferred partner for plastic surgeons.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 9:09 pm

CMI

Cummins (NYSE:CMI) has outperformed the market over the past 20 years by 8.88% on an annualized basis, producing an average annual return of 15.93%. If an investor had bought $1000 of CMI stock 20 years ago, it would be worth $19,232.16 today.

Portfolio Pulse from Benzinga Insights

October 30, 2023 | 9:00 pm

SITC

SITE Centers has announced the spin-off of its convenience portfolio into a separate publicly-traded REIT named Curbline Properties Corp. Curbline will be the first public REIT exclusively focused on the convenience sector. SITE Centers has sold $646M of assets since June 30, 2023, at a 6.5% cap rate and has $242M of additional assets under contract for sale. The company has obtained a $1.1B financing commitment, with proceeds expected to be used to repay all outstanding unsecured debt. SITE Centers has declared a Q4 dividend of $0.13 per share and expects to declare and pay a special cash dividend of at least $0.10 per share prior to January 31, 2024.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 9:00 pm