Streetbeat News

Assets

EFUT

VanEck has decided to close and liquidate its Ethereum futures ETF (EFUT) due to various operational considerations. Shareholders can sell their shares until September 16, 2024, after which the ETF will be de-listed. The closure highlights the factors influencing investment firms' decisions to liquidate funds.

Portfolio Pulse from Khyathi Dalal

September 06, 2024 | 6:41 pm

SRM

SRM Entertainment is set to acquire assets related to the movie 'The Kid' from Suretone Entertainment for $3 million.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2024 | 5:47 pm

AAPL

AMD

DOCN

MSTR

NVDA

ORCL

PLTR

QCOM

The article highlights unusual options activity in the Information Technology sector, focusing on whale alerts for stocks like NVDA, AMD, AAPL, DOCN, AI, QCOM, ORCL, ON, PLTR, and MSTR. These activities can indicate potential trading opportunities due to significant market movements.

Portfolio Pulse from Benzinga Insights

September 06, 2024 | 5:35 pm

UNG

USO

The latest Baker Hughes report shows the U.S. oil rig count remains unchanged at 483, while the gas rig count decreased by 1 to 94, bringing the total rig count to 582, down from 583 previously.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2024 | 5:06 pm

BTCUSD

The U.S. labor market's resilience in August has sparked optimism in the cryptocurrency sector, with experts predicting a potential upswing for Bitcoin and other digital assets. The addition of 142,000 nonfarm payrolls in August suggests a more dovish Federal Reserve approach, possibly benefiting cryptocurrencies. Analysts highlight factors like global central bank liquidity and institutional adoption as potential catalysts for Bitcoin's price appreciation.

Portfolio Pulse from Murtuza Merchant

September 06, 2024 | 4:17 pm

EQIX

NVAX

ORCL

TNON

WHLR

Benzinga's Stock Whisper Index highlights five stocks that are gaining investor interest: Oracle Corporation, Novavax Inc, Wheeler Real Estate Investment Trust, Equinix Inc, and Tenon Medical Inc. Oracle is expected to report strong earnings, Novavax received FDA authorization for its COVID-19 vaccine, Wheeler saw a lawsuit dismissal, Equinix issued green bonds, and Tenon announced a reverse stock split.

Portfolio Pulse from Chris Katje

September 06, 2024 | 4:08 pm

The article provides a comprehensive analysis of Visa's position in the financial services industry compared to its competitors. Visa is highlighted as the largest payment processor with strong profitability and operational efficiency, but its revenue growth lags behind the industry average.

Portfolio Pulse from Benzinga Insights

September 06, 2024 | 3:00 pm

BAC

BRK

Warren Buffett's Berkshire Hathaway has sold 18.7 million shares of Bank of America, raising $760 million. This is part of a larger divestment totaling nearly $7 billion since mid-July. Despite the sales, Berkshire remains the largest shareholder with an 11.1% stake. Analysts speculate the sales may be due to changing market conditions and high stock valuations. Berkshire's stock has reached an all-time high, becoming the first non-tech company with a market cap over $1 trillion.

Portfolio Pulse from Stjepan Kalinic

September 06, 2024 | 2:24 pm

BTCUSD

ETHUSD

INTC

SPY

Intel is considering selling its stake in Mobileye due to investor pressure, which has led to a decline in its stock price. This move is part of a broader strategy to address investor concerns and potentially refocus on its core business. Meanwhile, the US stock market is experiencing volatility with major indices like the Dow and S&P falling, influenced by upcoming jobs data and a surge in the VIX. Additionally, Bitcoin and Ethereum have seen price drops, while Dogecoin remains stable, amid a weak private employment report.

Portfolio Pulse from Akanksha Bakshi

September 06, 2024 | 1:59 pm

ETHE

FBTC

GBTC

Bitcoin is nearing $55,000, but experts warn of a potential drop below $50,000 due to market indicators and significant outflows from Bitcoin and Ethereum ETFs. Notable outflows include Fidelity Wise Origin Bitcoin Fund and Grayscale Bitcoin Trust. Broader economic factors and on-chain data suggest a challenging market ahead.

Portfolio Pulse from Murtuza Merchant

September 06, 2024 | 1:52 pm