Streetbeat News

Assets

IT

Gartner (NYSE:IT) has outperformed the market over the past 10 years by 9.96% on an annualized basis, producing an average annual return of 19.37%. If an investor had bought $100 of IT stock 10 years ago, it would be worth $581.56 today.

Portfolio Pulse from Benzinga Insights

October 19, 2023 | 3:01 pm

ARGX

argenx (NASDAQ:ARGX) has outperformed the market over the past 5 years by 32.67% on an annualized basis, producing an average annual return of 42.09%. The company currently has a market capitalization of $28.00 billion. If an investor had bought $100 of ARGX stock 5 years ago, it would be worth $575.17 today.

Portfolio Pulse from Benzinga Insights

October 19, 2023 | 3:01 pm

AAVEUSD

Cryptocurrency Aave's price has risen 3.65% to $64.48 in the past 24 hours, continuing its positive trend over the past week with a 4.0% gain. The trading volume for the coin has climbed 94.0% over the past week, while the overall circulating supply has decreased 0.33% to 14.59 million, which makes up an estimated 91.18% of its max supply of 16.00 million. Aave's current market cap ranking is #45 at $937.38 million.

Portfolio Pulse from Benzinga Insights

October 19, 2023 | 3:00 pm

BEAM

Beam Therapeutics Inc (NASDAQ:BEAM) announced a strategic restructuring and portfolio prioritization, which includes cost reductions expected to extend its operating plan into 2026. The company plans to focus on specific clinical programs and research areas for near-term value creation. This includes prioritizing the development of its sickle cell disease programs and base editor BEAM-302. Beam also plans to reduce its workforce by approximately 20% and incur one-time charges of about $6.6 million related to the headcount reduction. Following the announcement, Beam shares were down 9.38%.

Portfolio Pulse from Adam Eckert

October 19, 2023 | 2:50 pm

AAPL

BTCUSD

ETHUSD

NFLX

SPY

TSLA

The article covers a range of topics including US markets, crypto, US politics, world politics, US economy, Israel-Hamas conflict, tech, electric vehicle, consumer, and communication. Key points include Tesla's Q3 results impacting Wall Street, US Treasury imposing sanctions on Gaza crypto business, Apple's Tim Cook meeting with Chinese Commerce Minister amid iPhone ban concerns, and analysts raising concerns over potential revenue decline for Apple. Netflix's price hike and Tesla's challenges in reaching volume production for Cybertruck are also mentioned.

Portfolio Pulse from Akanksha Bakshi

October 19, 2023 | 2:35 pm

ORLY

A significant bullish stance has been taken on O'Reilly Automotive (NASDAQ:ORLY) by a large investor, as indicated by a large position in the company's options. The sentiment among these big-money traders is split 50-50 between bullish and bearish. The price target for ORLY, based on Volume and Open Interest, is between $890 and $930. JP Morgan maintains an Overweight rating on ORLY with a price target of $1030, while Citigroup has upgraded its action to Buy with a price target of $1040.

Portfolio Pulse from Benzinga Insights

October 19, 2023 | 2:32 pm

QCOM

A significant investor has taken a bearish stance on Qualcomm (NASDAQ:QCOM), with 70% of recent unusual trades being bearish and 30% bullish. The trades include 4 puts totaling $179,385 and 6 calls totaling $275,025. The targeted price range for Qualcomm over the last 3 months has been $105.0 to $130.0. The price of QCOM is currently up 2.36% at $113.6, and the next earnings are expected in 13 days.

Portfolio Pulse from Benzinga Insights

October 19, 2023 | 2:32 pm

BLK

BTCUSD

GBTC

Grayscale Investments has submitted a new registration document to the SEC, aiming to transform the Grayscale Bitcoin Trust (OTC:GBTC) into a spot Bitcoin ETF and list it on NYSE Arca. This move follows a directive from a D.C. circuit court. Other asset management companies like BlackRock Inc (NYSE:BLK) and Fidelity are also seeking SEC approval for their Bitcoin ETFs. The SEC has not appealed a court decision favoring the possibility of a spot Bitcoin ETF, fueling positive industry sentiments.

Portfolio Pulse from Murtuza Merchant

October 19, 2023 | 2:32 pm

SPY

The USA Natural Gas Storage reported a figure of 97B, which is higher than the estimated 80B and the prior figure of 84B.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 2:30 pm

IR

Ingersoll Rand (NYSE:IR) has outperformed the market over the past 5 years by 10.98% on an annualized basis, producing an average annual return of 20.5%. If an investor had bought $100 of IR stock 5 years ago, it would be worth $251.41 today.

Portfolio Pulse from Benzinga Insights

October 19, 2023 | 2:30 pm