Streetbeat News

Assets

NVDA

SPKY

UVXY

Nvidia Corporation (NVDA) stock is consolidating after Monday's surge of 8.66%. The stock's movement is in line with the S&P 500, which is trading flat ahead of the Federal Reserve's July minutes release. The ConvexityShares Daily 1.5x SPIKES Futures ETF (SPKY) and ProShares Ultra VIX Short Term Futures ETF (UVXY) are options for traders wishing to trade the potential volatility. NVDA stock has formed a possible bull flag pattern, suggesting it could be headed back toward all-time highs.

Portfolio Pulse from Melanie Schaffer

August 16, 2023 | 3:21 pm

BTCUSD

Crypto analyst, Credible Crypto, predicts a bearish trend for ALT/BTC pairings, with over 50% drops against Bitcoin for many. He notes that most ALT/BTC pairings have struggled to break any significant bearish market structures. However, he forecasts a surge in altcoins post-Bitcoin's ATH breach. He also predicts a decline in Bitcoin dominance for the first time in over a year, leading to a resurgence in ALT/BTC pairings. He suggests that exposure to Bitcoin might be more beneficial for investors during such periods.

Portfolio Pulse from Murtuza Merchant

August 16, 2023 | 3:18 pm

AEP

BX

Invenergy has acquired American Electric Power Co. Inc.'s (NASDAQ:AEP) 1,365-megawatt (MW) unregulated, contracted renewables portfolio for $1.5 billion. The assets were bought through IRG Acquisition Holdings (IRGAH), a collaboration between Invenergy, CDPQ, and funds managed by Blackstone Infrastructure Partners of Blackstone Inc. (NYSE:BX). AEP is streamlining its portfolio through this divestiture and aims to focus on its regulated operations.

Portfolio Pulse from Lekha Gupta

August 16, 2023 | 3:08 pm

MANU

Manchester United Plc is in the final stages of making a decision on the future of Mason Greenwood. The outcome of this decision could potentially impact the club's performance and reputation.

Portfolio Pulse from Happy Mohamed

August 16, 2023 | 3:08 pm

SHIBUSD

Shiba Inu's (CRYPTO: SHIB) price has fallen 7.27% to $0.000010 in the past 24 hours, continuing its negative trend over the past week with a 1.0% loss. The trading volume for the coin has increased 7.0% over the past week, while the overall circulating supply of the coin has decreased 0.46%. The current market cap ranking for SHIB is #15 at $5.67 billion.

Portfolio Pulse from Benzinga Insights

August 16, 2023 | 3:00 pm

RSG

Over the past 10 years, Republic Servs (NYSE:RSG) has outperformed the market by 5.53% on an annualized basis, producing an average annual return of 15.89%. If an investor had bought $1000 of RSG stock 10 years ago, it would be worth $4,408.12 today.

Portfolio Pulse from Benzinga Insights

August 16, 2023 | 3:00 pm

AVGO

Broadcom (NASDAQ:AVGO) has outperformed the market over the past 10 years by 26.54% on an annualized basis, producing an average annual return of 36.9%. If an investor had bought $100 of AVGO stock 10 years ago, it would be worth $2,346.95 today.

Portfolio Pulse from Benzinga Insights

August 16, 2023 | 3:00 pm

SOLUSD

Solana's (CRYPTO: SOL) price has fallen 7.01% to $23.16 over the past 24 hours, continuing its negative trend over the past week with a 6.0% loss. The trading volume for the coin has decreased 23.0% over the past week, while the overall circulating supply of the coin has decreased 0.22% to over 406.27 million. The current market cap ranking for SOL is #10 at $9.40 billion.

Portfolio Pulse from Benzinga Insights

August 16, 2023 | 3:00 pm

SPY

UNG

USO

The Energy Information Administration (EIA) has reported that the supply of U.S. petroleum products has increased to its highest level since December 2022.

Portfolio Pulse from Happy Mohamed

August 16, 2023 | 2:50 pm

CMPS

Psychedelics biotech company COMPASS Pathways (NASDAQ:CMPS) has secured a securities purchase agreement for an initial $125 million and potential additional of $160 million, backed by a group of healthcare specialist investors led by TCGX and Aisling Capital. The agreement includes the private placement of over 16 million American Depositary Shares (ADS) and warrants to purchase up to the same amount of ADSs. The financing is expected to close on August 18, extending the company's cash runway into late 2025.

Portfolio Pulse from Lara Goldstein

August 16, 2023 | 2:47 pm