Streetbeat News

Assets

META

Meta Platforms (NASDAQ:META) has outperformed the market over the past 10 years, producing an average annual return of 20.38%. If an investor had bought $1000 of META stock 10 years ago, it would be worth $6,287.01 today.

Portfolio Pulse from Benzinga Insights

October 24, 2023 | 2:00 pm

NSC

Norfolk Southern (NYSE:NSC) has outperformed the market over the past 20 years, producing an average annual return of 14.38%. If an investor had bought $100 of NSC stock 20 years ago, it would be worth $1,481.91 today.

Portfolio Pulse from Benzinga Insights

October 24, 2023 | 2:00 pm

CAE

CAE Inc. has announced a definitive agreement to sell its Healthcare business to Madison Industries for an enterprise value of CAD$311 million. The sale is expected to close by the end of fiscal year 2024, subject to regulatory approvals. The proceeds will be used to accelerate deleveraging and support CAE's focus on technology advancement, market leadership, and cost optimization within its core training and simulation markets.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 1:59 pm

BTCUSD

ETHUSD

MINAUSD

PAXGUSD

Cryptocurrency prices, including Bitcoin (BTC) and Ethereum (ETH), traded higher on Tuesday, with BTC surpassing $34,000 and ETH exceeding $1,800. This follows the increase in the US S&P Global Manufacturing PMI to 50 in October, higher than market expectations. Mina (MINA) was the top gainer over the past 24 hours, while PAX Gold (PAXG) was the biggest loser. The global crypto market cap rose to $1.27 trillion, recording a 24-hour gain of 9.8%.

Portfolio Pulse from Lisa Levin

October 24, 2023 | 1:55 pm

SPY

The S&P Global Services PMI for October was reported at 50.9, beating the estimate of 49.8 and the prior figure of 50.1.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 1:45 pm

MARA

RIOT

Crypto mining stocks Marathon Digital Holdings Inc (NASDAQ:MARA) and Riot Platforms Inc (NASDAQ:RIOT) are trading higher as Bitcoin's price continues to rise due to optimism surrounding a potential spot ETF. BlackRock and other financial firms have made changes to their submissions for spot Bitcoin ETFs. JPMorgan anticipates the SEC will approve a spot ETF within the next few months.

Portfolio Pulse from Adam Eckert

October 24, 2023 | 1:40 pm

BTCUSD

ETHUSD

The article discusses the factors that investors consider when pricing digital assets like Bitcoin (BTC) and Ethereum (ETH). These factors include supply and demand, utility, risk, and speculation. The article also mentions Benzinga's upcoming conference on digital assets, which will cover topics like the future of Bitcoin and Ethereum, decentralized finance (DeFi), non-fungible tokens (NFTs), and the regulatory landscape for digital assets.

Portfolio Pulse from Murtuza Merchant

October 24, 2023 | 1:32 pm

GS

Goldman Sachs Gr's (NYSE:GS) short percent of float has risen 16.16% since its last report, with 3.77 million shares sold short, which is 1.15% of all regular shares available for trading. It would take traders 1.88 days to cover their short positions on average. The company's short interest is less than its peer group average of 3.68%.

Portfolio Pulse from Benzinga Insights

October 24, 2023 | 1:30 pm

EIS

FEZ

UUP

The ongoing Israel-Hamas conflict has entered its 18th day, with France proposing an expanded international coalition against Hamas. The IDF is seeking information on hostages held by Hamas. The conflict has potential global economic implications, as warned by the World Bank president. Market reactions show a surge in global equities, with S&P 500 Index futures gaining 0.4%. The SPDR DJ Euro STOXX 50 ETF (FEZ) rose by 0.5%, while the iShares MSCI Israel ETF (EIS) declined by 0.5%. The Invesco DB USD Index Bullish Fund ETF (UUP) increased by 0.3%.

Portfolio Pulse from Piero Cingari

October 24, 2023 | 1:04 pm

SPY

The USA Redbook Year-over-Year (YoY) has increased to 5.0% from the previous 4.6%.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 1:01 pm