Streetbeat News

Assets

BTCUSD

Bitcoin (BTC) experienced its first monthly loss of 2023, falling below $27,000. The decline is attributed to ebbing liquidity, restrictive monetary policy, and increased activity from meme coins like Ordinals, causing congestion and high transaction fees on the Bitcoin network.

Portfolio Pulse from Mehab Qureshi

June 01, 2023 | 6:56 am

GLD

IAU

PIMCO's Greg Sharenow believes gold is still expensive despite recent declines and may face further losses, but maintains long-term appeal. Gold is over-valued compared to inflation-linked government bonds, which are better valued for multi-asset portfolios. The SPDR Gold Trust (GLD) and the iShares Gold Trust (IAU) have gained over 6% since the beginning of the year.

Portfolio Pulse from Bhavik Nair

June 01, 2023 | 4:53 am

ETHUSD

A crypto influencer's tweet promising nothing in return for sending Ethereum has resulted in over $1.1 million worth of cryptocurrencies being sent to the address within 24 hours. The address has received over 1000 transfers, with the largest known wallet coming in at around $13,000 worth of ETH.

Portfolio Pulse from Mehab Qureshi

June 01, 2023 | 4:05 am

AGI

Alamos Gold has filed a Base Shelf Prospectus for the issuance of up to $500 million of securities, including Class A common shares, debt securities, warrants, and subscription receipts. The prospectus is effective for 25 months.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2023 | 10:03 pm

TBIO

Telesis Bio has secured $28 million in financing through a private placement of redeemable convertible preferred stock, with a syndicate of healthcare-focused institutional investors. The deal also includes warrants that could provide an additional $46.2 million if exercised.

Portfolio Pulse from Benzinga Newsdesk

May 31, 2023 | 9:32 pm

LCID

Lucid Motors is raising approximately $3 billion in new funding from its Saudi Arabian owners, according to Bloomberg. This move will provide the electric vehicle maker with additional capital to expand its operations.

Portfolio Pulse from Bill Haddad

May 31, 2023 | 8:53 pm

DE

A whale has taken a bearish stance on Deere (NYSE:DE) with 11 unusual options trades detected. 36% of investors opened trades with bullish expectations, while 63% were bearish. Whales have been targeting a price range of $320 to $460 for Deere over the last 3 months. The stock is currently down 1.33% at $345.98, and RSI indicators suggest it may be oversold.

Portfolio Pulse from Benzinga Insights

May 31, 2023 | 8:46 pm

USO

API reports a weekly crude oil stock increase of 5.202 million barrels, compared to an estimated decrease of 1.220 million barrels and a prior decrease of 6.799 million barrels.

Portfolio Pulse from Happy Mohamed

May 31, 2023 | 8:34 pm

IBM

A large bearish position on IBM (NYSE:IBM) has been spotted on Benzinga's options scanner, with 69% of big-money traders showing bearish sentiment. Whales have been targeting a price range of $100 to $155 for IBM over the last 3 months.

Portfolio Pulse from Benzinga Insights

May 31, 2023 | 8:33 pm

AMD

AVGO

NVDA

QCOM

SMH

TSM

The artificial intelligence boom has driven the VanEck Semiconductors ETF (SMH) up 44% YTD, with a 17% increase in the last month. The ETF's assets under management reached $9.54 billion at the end of May. NVIDIA (NVDA) has been a significant driver, with its shares soaring 164% YTD.

Portfolio Pulse from Piero Cingari

May 31, 2023 | 8:31 pm