Streetbeat News

Assets

COIN

HOOD

The crypto wallet market, dominated by offline channels for security reasons, is expected to grow from $8.24 billion in 2022 to around $46.72 billion by 2030, with a CAGR of approximately 24.2%. U.S.-based companies Coinbase (NASDAQ:COIN) and Robinhood Markets (NASDAQ:HOOD) have contributed to this surge by offering wallets to facilitate crypto investment. A recent survey by Nerd Wallet highlighted the top crypto wallets of 2023, including MetaMask, which saw a 31% growth in traffic in 2023. Regulatory challenges persist, with U.S. Senator Elizabeth Warren’s bipartisan crypto anti-money laundering bill gaining support.

Portfolio Pulse from Khyathi Dalal

September 23, 2023 | 3:31 pm

COIN

Coinbase Inc. (NASDAQ:COIN) had considered acquiring FTX Europe to expand its crypto derivatives offerings globally, following FTX Europe's bankruptcy in November. FTX Europe was the sole provider of a sought-after type of crypto derivative known as perpetual futures in Europe. Despite FTX's challenges, FTX Europe continued to attract numerous users. However, Coinbase has since withdrawn from potential acquisition talks.

Portfolio Pulse from Murtuza Merchant

September 22, 2023 | 9:26 pm

MGNX

MacroGenics Inc and Provention Bio have amended their asset purchase agreement. Concurrently, MacroGenics and Aventis Inc have mutually terminated their royalty purchase agreement, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

September 22, 2023 | 8:47 pm

TM

A significant bullish stance has been taken on Toyota Motor (NYSE:TM) by a large investor, as indicated by unusual options activity. The overall sentiment of these big-money traders is split between 63% bullish and 36% bearish. Whales have been targeting a price range from $170.0 to $195.0 for Toyota Motor over the last 3 months. The price of TM is up 0.43% at $187.1, with RSI indicators suggesting the stock may be overbought.

Portfolio Pulse from Benzinga Insights

September 22, 2023 | 8:45 pm

GT

Goodyear Tire & Rubber Co has proposed a plan that will result in the exit of nine warehouse locations and the sale or exit of about 100 retail and fleet store locations. These actions are expected to improve the company's Asia Pacific segment operating income by approximately $50M-$55M in 2025, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

September 22, 2023 | 8:41 pm

BTCUSD

DOGEUSD

ETHUSD

Bitcoin, Ethereum, and Dogecoin traded mostly flat during Friday's trading session following the Federal Reserve's decision to pause interest rate hikes. Economists are mixed on whether the Fed will apply a rate hike at the November and December meetings. The lower-than-average volume across the general market and the crypto sector indicates a possible period of consolidation. Bitcoin and Ethereum were consolidating with inside bar patterns, while Dogecoin dropped from Thursday’s low-of-day, negating its uptrend.

Portfolio Pulse from Melanie Schaffer

September 22, 2023 | 8:36 pm

TTD

A significant bullish stance has been taken on Trade Desk (NASDAQ:TTD) as evidenced by unusual options activity. The sentiment among these big-money traders is split between 73% bullish and 26% bearish. The whales have been targeting a price range from $45.0 to $80.0 for Trade Desk over the last 3 months. The price of TTD is currently up 0.83% at $76.35.

Portfolio Pulse from Benzinga Insights

September 22, 2023 | 8:30 pm

TSM

A significant bearish stance has been taken on Taiwan Semiconductor (NYSE:TSM) by a large investor or institution, as indicated by unusual options activity. The overall sentiment of these big-money traders is split between 39% bullish and 60% bearish. The whales have been targeting a price range from $60.0 to $120.0 for Taiwan Semiconductor over the last 3 months.

Portfolio Pulse from Benzinga Insights

September 22, 2023 | 8:30 pm

COP

A significant bearish stance has been taken on ConocoPhillips (NYSE:COP) by a large investor, as indicated by a large position in options. The overall sentiment of these big-money traders is 11% bullish and 88% bearish. The whales have been targeting a price range from $65.0 to $125.0 for ConocoPhillips over the last 3 months. The current price of COP is up 0.08% at $119.16, with RSI indicators suggesting the stock may be approaching overbought.

Portfolio Pulse from Benzinga Insights

September 22, 2023 | 8:30 pm

SCHW

A significant bearish stance has been taken on Charles Schwab (NYSE:SCHW) by a large investor, as indicated by unusual options activity. The overall sentiment of these big-money traders is split between 47% bullish and 52% bearish. The price of SCHW is down -1.54% at $55.15. JMP Securities downgraded its action to Market Outperform with a price target of $77, Barclays maintained their Equal-Weight rating with a price target of $64, and Raymond James maintained their Outperform rating with a price target of $72.

Portfolio Pulse from Benzinga Insights

September 22, 2023 | 8:15 pm