Streetbeat News

Assets

CAVA

Cava Group (NYSE:CAVA) made a strong debut on the NYSE with shares opening at $42, almost doubling their IPO price of $22. Despite a 15% fall to $37.15, Cava's IPO performance ranks high among the best performing IPOs of 2023.

Portfolio Pulse from AJ Fabino

June 16, 2023 | 5:59 pm

SPY

UNG

USO

The U.S. Baker Hughes oil rig count decreased by 4 to 552, while the gas rig count dropped by 5 to 130 compared to last week.

Portfolio Pulse from Benzinga Newsdesk

June 16, 2023 | 5:01 pm

EWQ

A magnitude 5.5 earthquake has struck a region in France, potentially affecting infrastructure and businesses in the area.

Portfolio Pulse from Benzinga Newsdesk

June 16, 2023 | 4:44 pm

SPY

The S&P 500 Index's relative strength index (RSI) reached its most overbought level since November 2021, signaling a potential market correction or reversal. The SPDR S&P 500 ETF Trust (NYSE:SPY) has surged 6% in June.

Portfolio Pulse from Piero Cingari

June 16, 2023 | 4:35 pm

EWG

INTC

Germany is close to providing Intel with €10bn in subsidies to build a €20bn chip plant in Magdeburg, aiming to reduce reliance on Asian semiconductor suppliers. Intel also announced plans to build a $4.6bn semiconductor assembly and testing plant in Poland.

Portfolio Pulse from Benzinga Newsdesk

June 16, 2023 | 4:27 pm

SIDU

Sidus Space will be issued U.S. Patent Number 11,679,366 on Tuesday for its vacuum chamber, feedthrough system for vacuum chamber, and related methods. This patent could potentially strengthen the company's intellectual property portfolio.

Portfolio Pulse from Benzinga Newsdesk

June 16, 2023 | 4:25 pm

CHPT

ChargePoint (CHPT) sees a surge in Jun 30 $9 call options, with 1167 contracts traded near the ask price at $0.411, compared to an open interest of 718 contracts. The stock is currently trading at $8.735.

Portfolio Pulse from Charles Gross

June 16, 2023 | 4:05 pm

MATICUSD

Polygon's (CRYPTO: MATIC) price has fallen 4.41% to $0.57 in the past 24 hours, continuing its negative trend with a 26.0% loss over the past week. Trading volume has risen 132.0%, while circulating supply decreased 0.08% to 9.29 billion.

Portfolio Pulse from Benzinga Insights

June 16, 2023 | 3:00 pm

BLK

BlackRock has filed an application with the SEC to launch a publicly traded Bitcoin ETF, the iShares Bitcoin Trust, with Coinbase Custody Trust Co. as its custodian partner. This comes after BlackRock CEO Larry Fink's 2017 comment calling Bitcoin an 'index of money laundering'.

Portfolio Pulse from Mehab Qureshi

June 16, 2023 | 2:25 pm

CUBI

Customers Bancorp (NYSE:CUBI) has acquired a $631 million venture banking loan portfolio from the FDIC at ~85% of book value and hired 30 team members from the loan origination group. The technology and life sciences portfolio will be combined with CUBI's existing Technology and Venture Capital Banking vertical in Boston, while the capital call loans will be combined with CUBI's Fund Finance group in New York and Chicago.

Portfolio Pulse from Akanksha Bakshi

June 16, 2023 | 2:01 pm