Streetbeat News

Assets

KIM

Kimco Realty has acquired Stonebridge at Potomac Town Center for $172.5 million.

Portfolio Pulse from Benzinga Newsdesk

August 24, 2023 | 8:11 pm

COIN

Coinbase Assets has announced the suspension of trading for six cryptocurrency assets, including BarnBridge (BOND), DerivaDAO (DDX), Jupiter (JUP), Multichain (MULTI), Ooki (OOKI), and Voyager (VGX), effective from Sept. 7, 2023. The decision, part of Coinbase's commitment to maintaining high-quality standards, has led to price plunges for these assets. Multichain, in particular, is facing issues including the CEO's arrest and a loss of over $109 million in crypto.

Portfolio Pulse from Happy Mohamed

August 24, 2023 | 7:35 pm

EWG

EWU

IYH

LQD

RSP

SMH

SPY

TLT

XLI

The article discusses the current financial conditions, focusing on the rise in 10-year Treasuries and real 10s. It also highlights the impact of the yuan and yen exchange rate weakness on the continuation of the real rate bear yield curve steepening. The article further discusses the potential risks and opportunities in the banking and energy sectors, and the impact of deglobalization on productivity. It concludes with a tactical asset allocation recommendation.

Portfolio Pulse from Barry Knapp

August 24, 2023 | 7:28 pm

PXD

Unusual options activity has been observed for Pioneer Natural Resources (NYSE:PXD), with a bearish stance taken by a large investor. The overall sentiment of these big-money traders is 30% bullish and 70% bearish. The targeted price range for PXD over the last 3 months is $170.0 to $230.0. The current price of PXD is $233.3, down by 0.33%. Analysts from Jefferies, Stifel, Mizuho, Morgan Stanley, and Truist Securities have maintained their ratings on PXD.

Portfolio Pulse from Benzinga Insights

August 24, 2023 | 7:19 pm

BLK

BTCUSD

HOOD

The third largest Bitcoin wallet, which accumulated over $3 billion in Bitcoin over the past three months, has been identified as belonging to Robinhood Markets Inc. (NASDAQ:HOOD). The wallet holds approximately $118,000 Bitcoin, equivalent to roughly $3.08 billion. Earlier speculations suggested that major entities like Binance and BlackRock Inc (NYSE:BLK) could be behind this activity.

Portfolio Pulse from Murtuza Merchant

August 24, 2023 | 7:14 pm

ARKF

ARKK

ARKW

BLK

COIN

GBTC

Ark Invest Founder Cathie Wood believes that the price of Bitcoin will rise and could hit $1 million by 2030. She suggests that the approval of Bitcoin ETFs could increase demand for Bitcoin. Coinbase Global Inc is a top holding in the Ark Innovation ETF, Ark Next Generation Internet ETF, and the Ark Fintech Innovation. Wood also highlighted the importance of Coinbase’s partnership with BlackRock Inc for the cryptocurrency sector. The Grayscale Bitcoin Trust is also a top holding in the Ark Next Generation Internet ETF.

Portfolio Pulse from Chris Katje

August 24, 2023 | 7:07 pm

LDOUSD

Cryptocurrency Lido DAO (CRYPTO: LDO) has seen a decrease of 3.76% in its price over the past 24 hours, continuing a downward trend over the past week of -2.0%. The trading volume for the coin has fallen 20.0% over the past week, moving in tandem with the overall circulating supply of the coin, which has decreased 0.02%. The current market cap ranking for LDO is #35 at $1.44 billion.

Portfolio Pulse from Benzinga Insights

August 24, 2023 | 7:00 pm

FILUSD

In the past 24 hours, the price of Filecoin (CRYPTO: FIL) has dropped by 4.19% to $3.31, continuing its negative trend over the past week with a total loss of 11.0%. The trading volume for the coin has decreased by 10.0% over the past week, while the circulating supply has increased by 0.28% to 443.17 million, which is 22.59% of its max supply of 1.96 billion. Filecoin's current market cap ranking is #33 at $1.46 billion.

Portfolio Pulse from Benzinga Insights

August 24, 2023 | 7:00 pm

NVDA

SMH

SOXQ

SOXX

TSM

China is reviving its 'Thousand Talents Plan' (TTP) under a new name, Qiming, to attract top scientists and accelerate its semiconductor industry. This move comes in response to stricter U.S. export controls. The program offers substantial signing bonuses and other incentives. Major industry players like Nvidia Corp, Taiwan Semiconductor Mfg. Co. Ltd., and Micron Technology Inc have already adjusted their strategies in response to U.S. regulations. The broader semiconductor sector, represented by iShares Semiconductor ETF, Invesco PHLX Semiconductor ETF, and VanEck Semiconductor ETF, could also be impacted.

Portfolio Pulse from AJ Fabino

August 24, 2023 | 6:48 pm

FUV

Arcimoto has announced its intention to sell its U.S. manufacturing facility, contingent on a lease agreement. The capital from the sale, along with a recent raise of $4.2M, will be used to extend the company's runway and allow it to continue working towards its goals.

Portfolio Pulse from Benzinga Newsdesk

August 24, 2023 | 6:42 pm