Streetbeat News

Assets

SHEL

Shell has resumed maintenance at Norway's Nyhamna gas processing plant after postponing it last week due to a cooling system issue. The outage led to lower output from Norway and increased British and Dutch gas prices.

Portfolio Pulse from Nabaparna Bhattacharya

June 23, 2023 | 12:38 pm

LULU

Lululemon Athletica is struggling to find a buyer for its fitness product Mirror, despite lowering the price by around 90% to $58 million. The company purchased Mirror for $500 million in June 2020 and has been trying to offload the sinking asset.

Portfolio Pulse from Lekha Gupta

June 23, 2023 | 11:45 am

BLK

BTCUSD

Crypto analyst DonAlt believes that Bitcoin could break past the $32,000 resistance level, thanks to BlackRock's filing for a spot Bitcoin ETF. He is confident that the news ensures more upside potential than downside for Bitcoin.

Portfolio Pulse from Mehab Qureshi

June 23, 2023 | 10:48 am

ARKF

ARKK

ARKW

DKNG

HOOD

Cathie Wood's ARK Investment Management bought a $5.3 million stake in Robinhood Markets Inc (HOOD) while offloading over 163,000 shares of DraftKings Inc (DKNG) worth an estimated $4.1 million. The Robinhood purchase was conducted via ARK Innovation ETF (ARKK), ARK Next Generation Internet ETF (ARKW), and Ark Fintech Innovation ETF (ARKF).

Portfolio Pulse from Bhavik Nair

June 23, 2023 | 1:19 am

BTCUSD

ETHUSD

HUBS

JPM

PENN

Blockworks, a crypto-focused media company, recently raised $12 million at a $135 million valuation. The funds will be used to expand globally and build a research and data offering. Blockworks aims to become the largest research and analytics platform in the crypto industry within a year.

Portfolio Pulse from Renato Capelj

June 22, 2023 | 10:38 pm

UP

Wheels Up is working with advisors and industry participants to secure new strategic investments, raise capital, and execute previously disclosed strategic divestitures.

Portfolio Pulse from Benzinga Newsdesk

June 22, 2023 | 9:50 pm

WBA

Warner Bros. Discovery is in talks to sell its film and TV music publishing assets for $500 million, as the company seeks to streamline its operations.

Portfolio Pulse from Benzinga Newsdesk

June 22, 2023 | 8:30 pm

FCPT

Four Corners Property Trust (NYSE:FCPT) has acquired three Mo'Bettahs properties for $6.6 million. The properties are located in Kansas, Missouri, and Oklahoma and are occupied under a long-term, triple net lease with approximately 15 years of term remaining.

Portfolio Pulse from Benzinga Newsdesk

June 22, 2023 | 8:06 pm

OSTK

Overstock.com has won an auction to acquire some of Bed Bath & Beyond's assets for over $20 million, causing Overstock's shares to soar by 20%. The deal includes Bed Bath & Beyond's intellectual property and digital assets, but will not keep its stores open.

Portfolio Pulse from Aaron Bry

June 22, 2023 | 7:33 pm

QQQ

TQQQ

ProShares UltraPro QQQ (TQQQ) shares are trading higher by 2.26% to $39.73 as new U.S. job market data shows early signs of cooling, aligning with the Federal Reserve's remarks on softer labor market conditions to achieve the 2% inflation target. The Nasdaq-100 Index includes 100 of the largest non-financial companies listed on the Nasdaq Stock Market, many of which are well-known technology companies.

Portfolio Pulse from Henry Khederian

June 22, 2023 | 7:32 pm