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BTCUSD

DOGEUSD

Crypto trader Master Kenobi predicts Dogecoin will outperform Bitcoin by 2025, citing its popularity and decentralized nature. Despite being created as a joke, Dogecoin has gained significant traction and is expected to reach a market cap of $320 billion. Kenobi attributes its success to the 'follower effect' from Bitcoin.

Portfolio Pulse from Khyathi Dalal

September 18, 2024 | 2:59 pm

USO

The EIA reported a weekly build in distillate stocks of 125,000 barrels, which is higher than the expected build of 80,000 barrels. This data could impact energy-related stocks and ETFs.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 2:31 pm

USO

U.S. Cushing oil inventories have decreased by 1.979 million barrels, which could impact oil prices and related ETFs.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 2:30 pm

USO

U.S. crude oil inventories saw a larger-than-expected draw of 1.63 million barrels, compared to the anticipated draw of 200,000 barrels and a previous build of 833,000 barrels. This unexpected draw could impact oil prices and related ETFs.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 2:30 pm

CAT

Deep-pocketed investors are showing a bearish sentiment towards Caterpillar (NYSE:CAT) as revealed by Benzinga's options scanner. The majority of options activity is bearish, with significant trades indicating a price range of $300 to $360. The current stock price is $352.68, down 0.29%, with RSI indicators suggesting it may be overbought.

Portfolio Pulse from Benzinga Insights

September 18, 2024 | 2:17 pm

IWFN

IWM

IYR

PSCD

VNQ

XOP

The Federal Reserve's anticipated interest rate cut is expected to impact small-cap sectors differently. Financials and real estate are likely to benefit, with ETFs like iShares Russell 2000 Financials ETF (IWFN) and Vanguard Real Estate ETF (VNQ) offering potential gains. Consumer discretionary and energy sectors may also see positive effects, with SPDR S&P 600 Small Cap Consumer Discretionary ETF (PSCD) and SPDR S&P Oil & Gas Exploration & Production ETF (XOP) as options. Technology and healthcare sectors remain stable but less rate-sensitive.

Portfolio Pulse from Surbhi Jain

September 18, 2024 | 1:34 pm

CION

GCMG

CION Investments and GCM Grosvenor have partnered to improve investor access to private market assets. This collaboration aims to leverage both firms' expertise to provide enhanced investment opportunities.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 1:21 pm

MSTR

MicroStrategy is raising $875 million through convertible notes to redeem $500 million in senior secured notes and purchase more Bitcoin. The offering, due in 2028, will provide flexibility to noteholders and is part of the company's strategy to increase its Bitcoin holdings.

Portfolio Pulse from Murtuza Merchant

September 18, 2024 | 1:20 pm

PGY

Pagaya has successfully closed a $500 million consumer loan asset-backed securities (ABS) deal, marking its second AAA-rated securitization of 2024. This brings its total raised to $4.4 billion this year, solidifying its position as a leading personal loan ABS issuer in the U.S.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 12:35 pm

AAPL

HNHPF

NIO

TSLA

Sharp and Foxconn have unveiled an innovative electric vehicle prototype, the LDK+, at Sharp Tech-Day in Tokyo. This collaboration marks Foxconn's strategic entry into the EV market, diversifying from its role as a key Apple supplier. The LDK+ features a room-like interior and advanced AI technology, highlighting the growing importance of personal space in vehicles. Foxconn's investment in Vietnam for EV parts production further underscores its commitment to becoming a major player in the EV industry.

Portfolio Pulse from Benzinga Neuro

September 18, 2024 | 12:22 pm