Streetbeat News

Assets

VALE

A large investor has taken a bullish stance on Vale (NYSE:VALE), with 72% of big-money traders also bullish. The investor's target price range for Vale is between $12.0 and $15.0. The price of VALE is currently up 4.2% at $14.28. JP Morgan has maintained their Overweight rating on Vale, with a price target of $18.

Portfolio Pulse from Benzinga Insights

September 14, 2023 | 2:17 pm

BTCUSD

Crypto analyst Benjamin Cowen has predicted a bearish trend for Bitcoin (CRYPTO: BTC) despite potential intermittent rallies. He outlined three scenarios following the recent 'death cross rally': Bitcoin might consolidate around $26,700 before declining further, potentially below $24,500; Bitcoin could rise to the 50-day moving average of around $27,600 to $27,700 before declining; or Bitcoin could surge back to just below the recent breakdown point of around $29,200, then fade back down.

Portfolio Pulse from Mehab Qureshi

September 14, 2023 | 2:08 pm

ING

ING Groep (NYSE:ING) has announced the sale of its 85% stake in fintech subsidiary, Cobase, to U.K.-listed Alpha Group. The deal is yet to be approved by the Dutch Central Bank. The remaining stake will be acquired through a performance-based earn-out between 2025 and 2028. The initial consideration for the deal is £8 million.

Portfolio Pulse from Khyathi Dalal

September 14, 2023 | 2:07 pm

COST

Costco Wholesale (NASDAQ:COST) has outperformed the market over the past 15 years, producing an average annual return of 15.33%. If an investor had bought $1000 of COST stock 15 years ago, it would be worth $8,222.83 today.

Portfolio Pulse from Benzinga Insights

September 14, 2023 | 2:00 pm

HON

Honeywell Intl (NASDAQ:HON) has outperformed the market over the past 15 years, producing an average annual return of 10.47%. If an investor had bought $1000 of HON stock 15 years ago, it would be worth $4,581.86 today. The company currently has a market capitalization of $127.55 billion.

Portfolio Pulse from Benzinga Insights

September 14, 2023 | 2:00 pm

CZR

DAL

GOOG

GRAB

MSFT

PEP

SBUX

SFTBF

TSLA

Arm Holdings is preparing for an IPO that could value the company at $54 billion. Goldman Sachs has dismissed multiple employees due to violations of its communications guidelines. Google is reducing its global recruiting department due to a hiring slowdown. Starbucks founder and former CEO Howard Schultz is leaving the company's board. Marvel Studios' VFX workers have voted for unionization. Singapore may impose new rules on ride-hailing companies like Grab Holdings. Kroger's Home Chef division is in a logo dispute with Grubhub. Carrefour is issuing price alerts on products from suppliers like Nestle, PepsiCo, and Unilever. CrownRock is preparing for a potential sale that could value the company at over $10 billion. Delta Air Lines and United Airlines are facing an antitrust lawsuit. Ron Baron holds over $1 billion in shares in SpaceX. Microsoft is facing a formal EU complaint over its Teams app. Electronic Arts' Stig Asmussen is leaving the company. OpenAI is opening a new office in Dublin. Caesars Entertainment has suffered a cybersecurity breach.

Portfolio Pulse from Vandana Singh

September 14, 2023 | 1:56 pm

BTCUSD

CFXUSD

COMPUSD

ETHUSD

HBARUSD

Cryptocurrencies Bitcoin (BTC) and Ethereum (ETH) traded higher, with BTC above $26,400 and ETH above $1,600. Producer prices in the U.S. rose by 0.7% in August 2023, higher than market expectations. Hedera (HBAR) was the top gainer over the past 24 hours, while Astar (ASTR) was the biggest loser. Other notable gainers include Conflux (CFX), Solana (SOL), THORChain (RUNE), and Curve DAO Token (CRV). Losers include Flare (FLR), Klaytn (KLAY), Compound (COMP), and Toncoin (TON).

Portfolio Pulse from Lisa Levin

September 14, 2023 | 1:48 pm

BTCUSD

Block Inc's CEO, Jack Dorsey, praised Bitcoin in 2012 when it was trading at $11 per coin. He predicted its potential to revolutionize finance and technology. If someone had invested $100 in Bitcoin at that time, their investment would have grown to $239,155, a return of 239,054.55%. Currently, Bitcoin is trading at $26,307.

Portfolio Pulse from Mehab Qureshi

September 14, 2023 | 1:25 pm

UUP

The U.S. economy is facing renewed inflation concerns as the Producer Price Index (PPI) recorded a year-on-year increase of 1.6% in August 2023, exceeding economists' consensus estimate of 1.2%. The Consumer Price Index (CPI) for August also surged to 3.7% year-on-year. The U.S. dollar index (DXY), monitored through the Invesco DB USD Index Bullish Fund ETF (NYSE:UUP), gained 0.4% in response. These inflation figures could influence the Federal Reserve's decision on interest rates in their upcoming meeting.

Portfolio Pulse from Piero Cingari

September 14, 2023 | 1:05 pm

GOOGL

TSLA

Billionaire investor Ron Baron reportedly holds over $1 billion in shares of SpaceX, and has been acquiring SpaceX stock since 2017. Baron, a long-time investor in Tesla Inc (TSLA), also invested about $100 million to take X private. He predicts that Tesla could become four-five times bigger in the next seven years and that its stock could reach $500 by 2025. SpaceX's investors also include Alphabet Inc (GOOGL) and Fidelity Investments.

Portfolio Pulse from Shivani Kumaresan

September 14, 2023 | 12:54 pm