Streetbeat News

Assets

ETN

Eaton Corp (NYSE:ETN) has outperformed the market over the past 15 years by 5.95% on an annualized basis, producing an average annual return of 16.58%. If an investor had bought $100 of ETN stock 15 years ago, it would be worth $928.48 today.

Portfolio Pulse from Benzinga Insights

October 16, 2023 | 7:00 pm

TRXUSD

TRON's (CRYPTO: TRX) price has increased 3.23% over the past 24 hours to $0.09. Over the past week, TRX has experienced an uptick of over 2.0%. The trading volume for the coin has increased 64.0% over the past week, while the overall circulating supply of the coin has decreased 0.27%. The current market cap ranking for TRX is #11 at $7.87 billion.

Portfolio Pulse from Benzinga Insights

October 16, 2023 | 7:00 pm

IBM

New York Governor Kathy Hochul has announced a joint investment of $20 million by UAlbany and IBM to support the Center for Emerging Artificial Intelligence Systems. This initiative is expected to boost the development and application of AI technologies.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2023 | 6:56 pm

BSX

Boston Scientific (NYSE:BSX) has outperformed the market over the past 15 years, producing an average annual return of 12.48%. If an investor had bought $1000 of BSX stock 15 years ago, it would be worth $5,649.44 today.

Portfolio Pulse from Benzinga Insights

October 16, 2023 | 6:30 pm

WCN

Waste Connections (NYSE:WCN) has outperformed the market over the past 10 years, producing an average annual return of 16.59%. If an investor had bought $1000 of WCN stock 10 years ago, it would be worth $4,650.07 today.

Portfolio Pulse from Benzinga Insights

October 16, 2023 | 6:30 pm

BCHUSD

Bitcoin Cash (CRYPTO: BCH) surged by 12.4% to $244.62 on Monday morning due to false rumors of the iShares Bitcoin Spot ETF receiving approval. The rumors were refuted by BlackRock, confirming that their Bitcoin ETF application is still under review. CoinTelegraph apologized for a misleading tweet about the BlackRock Bitcoin ETF and is conducting an internal investigation.

Portfolio Pulse from Henry Khederian

October 16, 2023 | 6:23 pm

BTCUSD

FTX

Anthony Scaramucci of SkyBridge Capital predicts a 2,662% rise in Bitcoin's value, potentially reaching $700,000 per coin. He views Bitcoin as a valuable asset, leading to significant investments by SkyBridge Capital. However, he doesn't see Bitcoin replacing conventional money universally. Scaramucci also expressed disappointment with Sam Bankman-Fried, founder of the now-defunct FTX exchange, who is currently on trial.

Portfolio Pulse from Murtuza Merchant

October 16, 2023 | 6:17 pm

BLK

BTCUSD

GBTC

Bitcoin's price surged from $27,900 to $30,000 due to a misleading announcement about a spot ETF approval on social media, leading to $100 million in liquidations within an hour. The price later dropped to $28,000 amid doubts raised by market experts. A Blackrock spokesperson confirmed that the iShares Bitcoin ETP application is still under review by the SEC. The SEC's recent decision regarding Grayscale is believed to enhance the likelihood of the Grayscale Bitcoin Trust transitioning into a spot ETF.

Portfolio Pulse from Murtuza Merchant

October 16, 2023 | 6:15 pm

SPY

USO

The U.S. Energy Information Administration (EIA) has projected a decrease in total shale oil production across all regions in November by approximately 51,000 barrels per day, reaching 9.553 million barrels per day. This is a larger decrease compared to the 45,000 barrels per day fall in October.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2023 | 6:01 pm

PSA

Public Storage (NYSE:PSA) has outperformed the market over the past 20 years, producing an average annual return of 10.11%. If an investor had bought $1000 of PSA stock 20 years ago, it would be worth $6,746.38 today. The company currently has a market capitalization of $48.31 billion.

Portfolio Pulse from Benzinga Insights

October 16, 2023 | 6:00 pm