Streetbeat News

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COIN

GLD

MARA

MSTR

SPY

WGMI

Peter Schiff, a known crypto skeptic, questioned the bullish $100K Bitcoin prediction, highlighting the bearish trends in crypto-linked stocks like Coinbase, Galaxy Digital, MicroStrategy, Valkyrie Bitcoin Miners ETF, Marathon Digital, Bitfarms, and HIVE Digital. Despite Bitcoin's recovery attempts, these stocks have seen significant declines from their recent highs. Schiff contrasts this with the broader market's pullback and the rise in traditional safe havens like gold, suggesting investors might reconsider their crypto investments.

Portfolio Pulse from Shanthi Rexaline

April 16, 2024 | 10:05 am

ERIC

FIVG

IDGT

Ericsson (NASDAQ:ERIC) shares rose in premarket trading after reporting Q1 FY24 results, with a 15% Y/Y sales decline but improved margins and EPS beating consensus. The company anticipates further RAN market decline through the year but expects sales stabilization in H2 FY24. Exposure to ERIC can be gained through IShares U.S. Digital Infrastructure And Real Estate ETF (NYSE:IDGT) and Defiance Next Gen Connectivity ETF (NYSE:FIVG).

Portfolio Pulse from Lekha Gupta

April 16, 2024 | 10:00 am

EWG

Germany's ZEW Economic Sentiment index for April rose to 42.9, surpassing both the estimated 35.9 and the previous month's 31.7, indicating improved investor confidence in Germany's economic outlook.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 9:02 am

FLUT

Flutter Entertainment has announced the launch of an offering of $1.050 billion of senior secured notes due in 2029. This move is aimed at raising capital, possibly for expansion, debt refinancing, or other corporate purposes. The offering could impact the company's leverage and interest expense, influencing its financial flexibility and profitability.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 8:54 am

General Motors Co. (NYSE:GM) announced it will move its global headquarters to a new location in downtown Detroit by 2025, maintaining its commitment to the city unlike its rivals Ford and Chrysler. This marks GM's fourth headquarters move within Detroit since 1911. The company has signed a 15-year lease for the new space, which will include showcase areas for GM vehicles.

Portfolio Pulse from Anan Ashraf

April 16, 2024 | 8:33 am

AKR

Acadia Realty Trust has expanded its senior unsecured revolving credit and term loan facility to $750M, with options to extend and expand to $900M. The facility now matures on April 15, 2028.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 8:18 am

BTCUSD

Crypto.com CEO Kris Marszalek predicts a surge in Bitcoin sales leading up to the 'halving' event around Apr. 20, expected to boost Bitcoin's price over time. Despite potential short-term selling pressure, Marszalek views the event as positive for the market. The introduction of Bitcoin ETFs and endorsements like that from BlackRock Inc have fueled optimism, despite recent price volatility and skepticism among finance professionals. Bitcoin's price has seen a significant year-to-date increase, trading at $62,682 with a recent decline of 1.23%.

Portfolio Pulse from Benzinga Neuro

April 16, 2024 | 6:12 am

FXI

China's Fixed Asset Investment (YoY) for March increased to 4.5%, surpassing both the estimated 4.0% and the previous 4.2%. This indicates a stronger than expected economic activity in China, particularly in terms of infrastructure and capital investments.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 4:35 am

COIN

NVDA

Cathie Wood's Ark Invest has sold shares of Coinbase Global Inc. (COIN) and NVIDIA Corp. (NVDA), despite recent positive market movements for both. The sales were made from the ARK Next Generation Internet ETF (ARKW) and the ARK Genomic Revolution ETF (ARKG), respectively. Additionally, Ark Invest made other notable trades, including buying shares of Teladoc Health Inc (TDOC), selling shares of UiPath Inc (PATH), Roku Inc (ROKU), Draftkings Inc (DKNG), and Twilio Inc (TWLO).

Portfolio Pulse from Benzinga Neuro

April 16, 2024 | 3:44 am

ARKB

BITB

BRRR

DEFI

GBTC

Cryptocurrency analyst Willy Woo predicts Bitcoin ETFs could drive Bitcoin's price to surpass gold's market cap, with price targets of $91k in bear and $650k in bull markets. The SEC approved Bitcoin ETFs from Grayscale, Bitwise, Hashdex, Valkyrie, and ARK 21Shares. Bitcoin's market cap could rise to $12.8 trillion, exceeding gold's $16.1 trillion cap. Bitcoin ETFs saw $111 billion traded in March, despite a recent 8% price drop and $83M net outflows in spot Bitcoin ETFs.

Portfolio Pulse from Benzinga Neuro

April 16, 2024 | 2:38 am