Streetbeat News

Assets

BTCUSD

Crypto trader Michaël van de Poppe predicts a significant surge in Bitcoin's value, comparing its cycle to historical economic events. He dismisses the possibility of a Bitcoin crash, citing the weakening U.S. economy and Federal Reserve policies as factors that will drive Bitcoin's growth. Van de Poppe emphasizes Bitcoin's importance in portfolios and anticipates a breakout following unemployment data or Fed rate cuts.

Portfolio Pulse from Khyathi Dalal

September 05, 2024 | 10:12 pm

BTCUSD

DOGEUSD

ETHUSD

Cryptocurrency markets are experiencing a downturn as Bitcoin ETFs see significant outflows. Bitcoin, Ethereum, and Dogecoin are trading lower, with Bitcoin facing a short-term regression downtrend but showing a bullish RSI divergence. The market is influenced by various factors, including large transaction volume declines and trader liquidations.

Portfolio Pulse from Khyathi Dalal

September 05, 2024 | 8:14 pm

GLNG

Golar LNG Limited has successfully priced $300 million in senior unsecured bonds in the Nordic bond market, maturing in September 2029 with a 7.75% interest rate. The proceeds will be used for capital expenditure, debt refinancing, and general corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 8:05 pm

FLUX

Flux Power has identified $1.7 million in excess and obsolete inventory, leading to a restatement of its financial statements for FY23 and interim periods of FY24. This inventory write-down is a non-cash charge and will not affect cash flow. The company may also include additional adjustments during its review. Flux Power's $16 million revolving credit facility with Gibraltar Business Capital remains available, subject to lending criteria.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 8:03 pm

AFRM

CFG

COIN

HOOD

KKR

MMC

PYPL

SOFI

UPST

USB

The article highlights unusual options activity for several financial stocks, indicating potential trading opportunities. Notable activities include bullish call sweeps for HOOD, SOFI, KKR, and AFRM, bearish call trades for PYPL and UPST, and bearish put sweeps for USB and CFG.

Portfolio Pulse from Benzinga Insights

September 05, 2024 | 5:35 pm

ARGT

EWZ

STLA

Stellantis plans to launch two hybrid-flex vehicles in Brazil this year and announces a $385 million investment in its Argentinian complex in Cordoba.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 5:25 pm

DJT

SPY

Former President Donald Trump has suggested that the United States should establish its own sovereign wealth fund. This proposal could have implications for the U.S. economy and financial markets, potentially affecting various sectors and investment strategies.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 5:08 pm

TSN

Tyson Foods' executive expressed confidence in the company's asset management following the closure of some U.S. chicken and pork plants. This suggests a strategic shift in operations to optimize performance.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 5:05 pm

OXY

Occidental Petroleum (NYSE:OXY) has seen significant options market activity, with a mix of bullish and bearish sentiment among investors. The stock is currently trading at $53.69, down 1.72%, and analysts have set an average target price of $70.8. The options activity suggests a price range of $40 to $72.5, indicating potential volatility.

Portfolio Pulse from Benzinga Insights

September 05, 2024 | 4:17 pm

GATO

First Majestic Silver Corp. (NYSE:AG) is acquiring Gatos Silver (NYSE:GATO) in an all-stock deal valued at $970 million. This acquisition will consolidate major silver assets in Mexico, enhancing First Majestic's production and operational efficiencies. Gatos shareholders will receive a 16% premium, and the deal is expected to close in early 2025.

Portfolio Pulse from Stjepan Kalinic

September 05, 2024 | 3:47 pm