Streetbeat News

Assets

SPY

USO

Libya's National Oil Corporation (NOC) reports a significant loss of approximately 63% in total oil production due to recent oilfield closures. The NOC clarifies that the closures are not related to their operations, and restarting the halted oilfields will require substantial costs and technical efforts.

Portfolio Pulse from Benzinga Newsdesk

August 30, 2024 | 3:37 pm

ETHUSD

USDCUSD

Ethereum co-founder Vitalik Buterin transferred 800 ETH, valued at $2.1 million, to a multi-signature wallet, converting 190 ETH into USDC. This move has sparked speculation about a potential selloff, reminiscent of past significant ETH movements by Buterin that impacted the market. The transfer follows a pattern of Buterin's ETH activities, including a recent $8 million transfer and a $1.05 million transfer to a crypto mixer, raising privacy concerns. Despite recent volatility, Ethereum's long-term performance remains strong.

Portfolio Pulse from Murtuza Merchant

August 30, 2024 | 3:11 pm

BTCUSD

Bitcoin's exchange supply has dropped by 40,000 BTC, worth $2.4 billion, over the past two days, indicating a potential supply shock. Despite this, Bitcoin's price remains bearish. Analysts suggest that the declining supply could reduce selling pressure and potentially lead to a bull market if demand increases.

Portfolio Pulse from Khyathi Dalal

August 30, 2024 | 3:05 pm

NVDA

The article provides an analysis of NVIDIA (NASDAQ:NVDA) in comparison to its competitors in the Semiconductors & Semiconductor Equipment industry. NVIDIA shows potential for growth with a reasonable P/E ratio, high ROE, and strong revenue growth, despite being overvalued in terms of P/B and P/S ratios. The company demonstrates strong financial performance and a healthier debt-to-equity ratio compared to its peers.

Portfolio Pulse from Benzinga Insights

August 30, 2024 | 3:00 pm

YPF

YPF Sociedad Anónima has announced cash tender offers for its securities, with a total value of up to $500 million. This move is likely aimed at managing its debt profile.

Portfolio Pulse from Benzinga Newsdesk

August 30, 2024 | 2:04 pm

BTCUSD

The latest Glassnode report reveals that a significant portion of Bitcoin supply is moving into Long-Term Holder status despite recent market turbulence. This trend indicates a strong belief in Bitcoin's long-term value, even as speculative activity declines. The report warns that the current calm market conditions may precede increased volatility.

Portfolio Pulse from Murtuza Merchant

August 30, 2024 | 1:00 pm

BTCUSD

On-chain analytics firm Lookonchain suggests that Bitcoin has not yet reached its peak, based on five key indicators including the Bitcoin Rainbow Chart, RSI, and 200-Week Moving Average Heatmap. These indicators point to potential further growth despite recent price crashes.

Portfolio Pulse from Khyathi Dalal

August 30, 2024 | 12:23 pm

ARKB

ETH

ETHE

GBTC

Bitcoin and Ethereum spot ETFs experienced significant outflows, with Grayscale Bitcoin Trust leading the withdrawals. In contrast, the Ark Invest and 21Shares ETF saw inflows. This reflects ongoing uncertainty in the cryptocurrency markets.

Portfolio Pulse from Murtuza Merchant

August 30, 2024 | 12:06 pm

BOAT

FRO

PXJ

Frontline Plc (NYSE:FRO) reported a significant increase in Q2 revenue, surpassing expectations, but experienced a decline in EPS. The company is optimizing its fleet by selling older assets and refinancing tankers. Despite a challenging market, Frontline declared a dividend and anticipates increased oil demand in the latter half of 2024.

Portfolio Pulse from Lekha Gupta

August 30, 2024 | 11:11 am

AAMC

WHLR

The article highlights two oversold real estate stocks, Altisource Asset Management Corp (AAMC) and Wheeler Real Estate Investment Trust Inc (WHLR), with RSI values below 30, indicating potential undervaluation. AAMC plans to delist from NYSE, while WHLR reported financial results.

Portfolio Pulse from Avi Kapoor

August 30, 2024 | 11:03 am