Streetbeat News

Assets

BTCUSD

Veteran cryptocurrency influencer Lark Davis suggests Bitcoin's current consolidation phase is a precursor to significant growth, citing growing institutional interest and the upcoming launch of Bitcoin ETFs in Hong Kong. Morgan Stanley's decision to allow brokers to recommend Bitcoin ETFs to clients is highlighted as a key factor that could bring substantial institutional capital into the crypto market. Despite a bearish short-term market sentiment, Davis points to the resilience and confidence in Bitcoin's future, supported by data showing most holders remain in profit.

Portfolio Pulse from Khyathi Dalal

April 26, 2024 | 3:33 pm

LRCX

Lam Research (NASDAQ:LRCX) has significantly outperformed the market with an average annual return of 34.83% over the past 5 years, turning a $1000 investment into $4,483.72 today. The company's market capitalization stands at $120.82 billion.

Portfolio Pulse from Benzinga Insights

April 26, 2024 | 3:30 pm

SPGI

Over the past 10 years, S&P Global (NYSE:SPGI) has produced an average annual return of 18.85%, outperforming the market by 8.41% on an annualized basis. A $100 investment in SPGI a decade ago would now be worth $563.38. S&P Global currently has a market capitalization of $130.41 billion, highlighting the significant impact of compounded returns on investment growth over time.

Portfolio Pulse from Benzinga Insights

April 26, 2024 | 3:30 pm

VFC

VF Corporation (NYSE:VFC) has seen a 13.22% increase in short interest since its last report, with 34.05 million shares now sold short, representing 9.85% of its available trading shares. This indicates a bearish market sentiment towards VFC, as it takes an average of 4.89 days for traders to cover their short positions. VF's short interest is higher than its peer group average of 7.80%, suggesting more bearish sentiment compared to its peers.

Portfolio Pulse from Benzinga Insights

April 26, 2024 | 3:30 pm

MED

Medifast (NYSE:MED) has seen a significant increase in short interest, with 2.66 million shares sold short, representing 37.11% of its available trading shares. This marks a 29.89% rise since the last report, indicating a bearish market sentiment. However, an increase in short interest can sometimes be bullish, as covering short positions can drive the stock price up. Medifast's short interest is notably higher than its peer group average of 4.61%.

Portfolio Pulse from Benzinga Insights

April 26, 2024 | 3:30 pm

CVX

Chevron has stated that its operations have not been affected by recent sanctions, but it will not be investing new capital in Venezuela, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 3:28 pm

DOGEUSD

PEPEUSD

SHIBUSD

Pepe (CRYPTO: PEPE) has seen a 42% increase over the week, outperforming Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) in trading volume, indicating a shift in investor interest towards Pepe. Crypto trader Plazma's switch from WIF to PEPE preceded a 50% increase in Pepe's value, advocating for investment in 'real memes'. Despite Bitcoin's decline, Pepe shows growing independence from Bitcoin's price movements, with predictions of reaching its all-time high. Pepe's trading volume hit $1.2 billion, surpassing DOGE and SHIB, with a notable increase in transactions over $100,000, suggesting rising institutional interest.

Portfolio Pulse from Khyathi Dalal

April 26, 2024 | 3:19 pm

CVX

Chevron is set to begin exploration activities adjacent to a significant discovery in Namibia towards the end of 2024 or early 2025. This move indicates Chevron's strategic expansion in regions with high potential for oil and gas reserves.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 3:17 pm

LYB

LyondellBasell announced during a conference call that it plans to operate its Houston refinery at 95% capacity in the second quarter of 2024.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 3:07 pm

AMZN

The analysis compares Amazon.com (AMZN) with its competitors in the Broadline Retail industry, highlighting its premium valuation with high P/E, P/B, and P/S ratios, but lower ROE. Amazon's strong EBITDA, gross profit, and revenue growth indicate robust operational performance and market outperformance. The company's lower debt-to-equity ratio suggests a healthier balance between debt and equity compared to its peers.

Portfolio Pulse from Benzinga Insights

April 26, 2024 | 3:00 pm