Streetbeat News

Assets

CRVO

AI EIPP Holdings LLC has reported a 9.99% passive stake in Cervomed Inc. as of August 16, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2023 | 8:08 pm

EIDO

An earthquake of magnitude 6.9 has struck the Bali Sea, Indonesia, according to the European-Mediterranean Seismological Centre (EMSC).

Portfolio Pulse from Benzinga Newsdesk

August 28, 2023 | 8:05 pm

CROUSD

Cryptocurrency Cronos (CRO) has seen a price increase of 3.29% in the last 24 hours, continuing its positive trend over the past week with a 1.0% gain. The trading volume for the coin has risen 162.0% over the past week, while the circulating supply has decreased 0.21%, bringing the circulating supply to 26.24 billion. The current market cap ranking for CRO is #37 at $1.38 billion.

Portfolio Pulse from Benzinga Insights

August 28, 2023 | 7:00 pm

AGIL

AgileThought, Inc., a global provider of digital transformation services, has announced a strategic financial restructuring. This includes additional working capital funding, a go-private transaction, and restructuring to reduce the company's debt load, infuse new capital into the business, and provide a firm financial foundation for its future.

Portfolio Pulse from Happy Mohamed

August 28, 2023 | 6:15 pm

ETHUSD

On Sunday, 2,719.84 Ether (ETH) worth $4,491,109 was burned from Ethereum transactions. This follows the Ethereum blockchain's upgrade known as EIP-1159, which changed the fee model and includes a variable base fee that is burned, lowering the supply of Ether. Ethereum is currently issuing new Ether at a rate of 4% per year, expected to decrease to around 0.5-1% with the Ethereum 2.0 upgrade. The net annualized issuance rate for Ether yesterday was -0.86%.

Portfolio Pulse from Benzinga Insights

August 28, 2023 | 6:00 pm

BTCUSD

ETHUSD

SOLUSD

Chris Burniske, former head of crypto at ARK Invest and current partner at Placeholder, suggests that the digital asset markets might be on the brink of an upward reversal. Despite the bearish outlook in the crypto community, Burniske believes that any further market dip would be minor compared to the recent decline. He also expressed confidence in the long-term trajectory of major cryptocurrencies like Bitcoin, Ethereum, and Solana, predicting they are unlikely to hit new lows in 2023.

Portfolio Pulse from Murtuza Merchant

August 28, 2023 | 5:52 pm

BKNG

CVNA

DASH

FTCH

NKE

PHM

RCL

RIVN

TSLA

XPEV

Benzinga's options activity scanner has identified significant trading activity in the options of 10 consumer discretionary stocks. The stocks include Tesla (TSLA), XPeng (XPEV), Farfetch (FTCH), Rivian (RIVN), PulteGroup (PHM), Carvana (CVNA), Nike (NKE), Royal Caribbean (RCL), Booking Holdings (BKNG), and DoorDash (DASH). The options activity includes both call and put options, with varying sentiments and expiration dates.

Portfolio Pulse from Benzinga Insights

August 28, 2023 | 5:35 pm

DAL

EWU

Delta Air Lines has reported only minor delays due to the UK airspace disruption, indicating a minimal impact on their operations.

Portfolio Pulse from Happy Mohamed

August 28, 2023 | 5:33 pm

ACIW

CIFR

CNXC

HIVE

HUT

ICFI

IREN

LPRO

MSTR

NVEI

PGY

Canaccord analyst Joseph Vafi reiterated a Buy rating on several digital asset, financial technology, and IT and business services stocks. The companies include Cipher Mining Inc, HIVE Digital Technologies Ltd, Hut 8 Mining Corp, Iris Energy Limited, ACI Worldwide, Inc, Open Lending Corp, Nuvei Corp, Payfare, Inc, Pagaya Technologies Ltd, Concentrix Corp, and ICF International, Inc. The analyst believes these companies are well-positioned for potential changes in the regulatory landscape and the introduction of next-generation technology.

Portfolio Pulse from Anusuya Lahiri

August 28, 2023 | 5:32 pm

ABEV

BF-B

BTI

DEO

JAPAF

JNJ

LLY

MDLZ

MRK

PFE

STZ

TAP

A chart by Viridian Capital shows that the cannabis industry is the most capital-intensive compared to tobacco, alcoholic beverages, pharmaceuticals, and consumer products industries. The capital intensity is measured by the next twelve-month consensus revenue estimates divided by aggregate capital employed. The chart includes nine cannabis companies with market caps over $100M, and several companies from the other industries. The high capital intensity of the cannabis industry is attributed to federal illegality, which forces companies to maintain duplicate managerial and operations functions.

Portfolio Pulse from Viridian Capital Advisors

August 28, 2023 | 5:10 pm