Streetbeat News

Assets

IVV

SPY

VOO

Reddit users on r/wallstreetbets discuss the likelihood of a recession, focusing on the timing and causes, such as Federal Reserve rate cuts and high interest rates. Broad U.S. equity market ETFs like SPY, IVV, and VOO are highlighted as economic indicators. Opinions vary, with some predicting a recession due to current economic indicators and others optimistic about market resilience.

Portfolio Pulse from Surbhi Jain

April 12, 2024 | 6:37 pm

BTCUSD

Andrew Kang, Managing Partner at Mechanism Capital, predicts a bullish future for Bitcoin, forecasting it could reach $80,000 by May and potentially break the $100,000 threshold soon after. He attributes this potential growth to broad-based support from individuals and organizations worldwide, and anticipates that the marketing efforts for Bitcoin ETFs will help overcome supply challenges between $80,000 and $100,000. Kang suggests that breaking the $100,000 barrier could trigger a significant bull run due to a scarcity of supply against ongoing demand.

Portfolio Pulse from Murtuza Merchant

April 12, 2024 | 6:33 pm

APH

Amphenol (NYSE:APH) has significantly outperformed the market with an average annual return of 19.79% over the past 15 years, turning a $100 investment into $1,488.85 today. The company's market capitalization stands at $68.29 billion.

Portfolio Pulse from Benzinga Insights

April 12, 2024 | 6:30 pm

NVR

Over the past 20 years, NVR (NYSE:NVR) has produced an average annual return of 15.4%, outperforming the market by 7.52% on an annualized basis. A $1000 investment in NVR stock 20 years ago would be worth $17,473.52 today. NVR's market capitalization currently stands at $24.81 billion.

Portfolio Pulse from Benzinga Insights

April 12, 2024 | 6:30 pm

BTCUSD

Bitcoin is trading lower due to market uncertainty following mixed inflation data and bank earnings this week.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 6:00 pm

FCFS

Over the past 20 years, FirstCash Hldgs (NASDAQ:FCFS) has produced an average annual return of 13.33%, outperforming the market. A $1000 investment in FCFS 20 years ago would be worth $11,806.76 today. FirstCash Hldgs currently has a market capitalization of $5.91 billion.

Portfolio Pulse from Benzinga Insights

April 12, 2024 | 6:00 pm

ETHUSD

Ethereum (ETHUSD) is trading lower due to a drop in the crypto market, influenced by mixed inflation data and bank earnings.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 6:00 pm

SPY

Fed's Schmid highlighted the ongoing labor market imbalance signaled by wage growth, emphasizing the importance of tolerating interest rate volatility. He advocated for a much smaller Fed balance sheet, arguing that its current size suppresses market rate signals and depresses market rates.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 5:38 pm

AMZN

CVNA

CZR

DNUT

LULU

MGM

PLAY

VFC

Today's session revealed significant whale activity in the consumer discretionary sector, with notable options trading on stocks like VFC, CVNA, PLAY, DNUT, CZR, AMZN, SN, MGM, LULU, and JD. The trades predominantly showed a bearish sentiment, except for LULU which was bullish. This activity could indicate large investors' expectations on these stocks' future movements.

Portfolio Pulse from Benzinga Insights

April 12, 2024 | 5:35 pm

AMD

CLSK

ENPH

MARA

MSFT

NVDA

SEDG

SNOW

Today's session highlighted significant options activity in the Information Technology sector, with notable movements in stocks like NVDA, SEDG, MARA, SNOW, ENPH, CLSK, MSFT, ZS, AMD, and AI. The activity ranged from neutral to bearish puts and bullish to bearish calls, indicating varied investor sentiment across these stocks. The transactions involved substantial trade prices and volumes, suggesting potential shifts in market dynamics for these companies.

Portfolio Pulse from Benzinga Insights

April 12, 2024 | 5:35 pm