Streetbeat News

Assets

CLF

Cleveland-Cliffs projects its FY24 capital expenditures to be between $675M and $725M, with steel shipment volumes expected to reach 16.5 million net tons.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 8:09 pm

AU

AYA

GDX

NEM

SIL

Gold prices fell 2.7% to below $2,350, and silver dropped 5.1%, affecting mining stocks significantly. The VanEck Gold Miners ETF (GDX) and Global X Silver Miners ETF (SIL) saw declines of 4.3% and over 3%, respectively. Major mining companies like Aya Gold & Silver Inc. (AYA), AngloGold Ashanti plc (AU), and Newmont Corporation (NEM) experienced notable drops in their stock prices. The market's shift is attributed to reduced geopolitical risks and anticipation of key U.S. economic data releases.

Portfolio Pulse from Piero Cingari

April 22, 2024 | 8:07 pm

MRO

Marathon Oil's (NYSE:MRO) short interest has increased by 8.79%, with 14.89 million shares sold short, representing 2.97% of its float. This indicates a bearish market sentiment, although it's lower than its peer group average of 7.02%. The coverage time for these short positions is approximately 1.51 days.

Portfolio Pulse from Benzinga Insights

April 22, 2024 | 8:00 pm

BA

Boeing has announced a slower increase in the production and delivery rate of its 787 model due to supplier shortages of a few key parts, despite planning to steadily increase its rate to meet strong demand, according to a memo to South Carolina workers.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 7:54 pm

HIVE

HUT

A Coinshares report predicts a significant rise in Bitcoin production costs post-halving, with electricity and overall costs nearly doubling, potentially leading to a 10% drop in the network hash rate. Listed mining companies like BitDigital, Hive (NASDAQ:HIVE), and Hut 8 (NASDAQ:HUT) are turning to AI to mitigate these challenges. The report forecasts a challenging environment for miners, with a shift towards more sustainable energy solutions and a potential reduction in hash rate post-halving.

Portfolio Pulse from Murtuza Merchant

April 22, 2024 | 7:31 pm

GWRE

Guidewire Software (NYSE:GWRE) has delivered an average annual return of 11.35% over the past 10 years, outperforming the market. A $100 investment in GWRE a decade ago would be worth $294.04 today, showcasing the impact of compounded returns on investment growth. GWRE's market capitalization stands at $8.97 billion.

Portfolio Pulse from Benzinga Insights

April 22, 2024 | 7:31 pm

ETCUSD

Ethereum Classic (CRYPTO: ETC) saw a 3.24% price increase over the past 24 hours, reaching $28.32, continuing a positive trend with a 7.0% gain over the past week from $26.36. Despite a 54% decrease in trading volume over the week, its market cap ranks #28 at $4.15 billion. The current circulating supply is 69.62% of its max supply.

Portfolio Pulse from Benzinga Insights

April 22, 2024 | 7:03 pm

MATICUSD

Polygon (CRYPTO: MATIC) has seen a 4.2% increase in its price over the last 24 hours, reaching $0.74. This is part of a 7.0% gain over the past week from $0.69. Despite a 45.0% decrease in trading volume over the week, its market cap ranks #21 at $6.87 billion. The circulating supply has slightly decreased to 9.28 billion, about 92.83% of its max supply.

Portfolio Pulse from Benzinga Insights

April 22, 2024 | 7:02 pm

SHIBUSD

Shiba Inu (CRYPTO: SHIB) has seen a price increase of 3.95% in the last 24 hours, reaching $0.000027, with a weekly gain of over 26%. The trading volume has decreased by 35% over the past week, while the circulating supply increased by 0.4% to 589.26 trillion. SHIB's market cap ranks it #12 at $15.76 billion.

Portfolio Pulse from Benzinga Insights

April 22, 2024 | 7:01 pm

VKTX

Viking Therapeutics (NASDAQ:VKTX) has seen unusual options activity indicating a bullish sentiment among deep-pocketed investors, with a significant portion of activity in calls over puts. The options activity suggests an expected price window of $55.0 to $100.0. Recent trading volume and RSI indicators hint at potential oversold conditions, with the stock price recently up 1.53% at $64.39. Analysts have mixed views, with target prices ranging from $90 to $138, despite some lowering their ratings.

Portfolio Pulse from Benzinga Insights

April 22, 2024 | 7:01 pm