Streetbeat News

Assets

FI

Fiserv (NYSE:FI) has seen a 7.53% increase in its short percent of float since the last report, with 5.89 million shares sold short, representing 1.0% of available shares. It would take about 2.47 days to cover these short positions. The rise in short interest can indicate a bearish market sentiment towards Fiserv, although it's not a definitive predictor of stock price movement. Compared to its peers, Fiserv has a lower short interest percentage of float (5.27%), which could be seen as a positive sign.

Portfolio Pulse from Benzinga Insights

April 10, 2024 | 3:00 pm

BCH-USD

Bitcoin Cash (BCH) experienced a significant drop of 10.6% in the last 24 hours, falling to $615.79, despite a 1.0% gain over the past week. The trading volume has increased by 15.0%, while the circulating supply decreased by 0.45%, bringing it to 19.69 million. Currently, BCH's market cap ranks #14 at $12.16 billion.

Portfolio Pulse from Benzinga Insights

April 10, 2024 | 3:00 pm

LNT

Alliant Energy Corp has projected its capital expenditure (Capex) outlook for the years 2028 to 2032 to be between $10 billion and $14 billion, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 2:58 pm

GBTC

Grayscale's CEO Michael Sonnenshein indicated a potential slowdown in the $15B outflows from its flagship ETF, GBTC, attributing the initial outflows to the liquidation of assets from bankrupt companies like FTX and high fees compared to new competitors. However, with the resolution of these issues and an optimistic outlook on fee reduction, the daily outflow rates have decreased significantly.

Portfolio Pulse from Murtuza Merchant

April 10, 2024 | 2:48 pm

DOGE

SHIB

SOL

An anonymous trader turned a $356K investment in the 'Jeo Boden' meme coin (BODEN) into $5.8M by leveraging early purchases and strategic sales. The trader's success story highlights the potential of 'culture coins', a new class of meme coins with political themes, exemplified by BODEN and the Trump-related MAGA Memecoin (TRUMP). These coins represent a shift from traditional animal mascot-based meme coins like Dogecoin (DOGE), Shiba Inu (SHIB), and Floki (FLOKI), towards those embodying shared cultural or political values.

Portfolio Pulse from Ivan Crnogatić

April 10, 2024 | 2:41 pm

RTX

Pratt & Whitney, a division of Raytheon Technologies (RTX), plans to increase its workforce by 25% at its West Palm Beach Engine Center to accommodate planned growth. This expansion indicates a positive outlook for the company's future operations and demand for its engine products.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 2:35 pm

SPY

UNG

USA gasoline inventories increased by 0.715 million barrels, contrasting with the expected draw of 1.320 million barrels and the previous draw of 4.256 million barrels.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 2:31 pm

MARA

Deep-pocketed investors have shown a bullish sentiment towards Marathon Digital Holdings (NASDAQ:MARA), with a notable increase in options trading activity. Benzinga's options scanner revealed 12 extraordinary activities, with a majority leaning bullish. The focus is on a price band between $10.0 and $30.0. The company, specializing in mining digital assets, has seen its stock price decrease by -4.17%, currently at $17.23. Analysts from JP Morgan and HC Wainwright & Co. have provided mixed ratings, with price targets of $16 and $35, respectively.

Portfolio Pulse from Benzinga Insights

April 10, 2024 | 2:31 pm

SPY

UNG

USO

The EIA reported a weekly distillates stocks build of 1.659 million barrels, contrasting with the estimated draw of 1.153 million barrels and the prior week's draw of 1.268 million barrels.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 2:31 pm

SPY

USO

USA crude oil inventories experienced a significant increase, reporting a build of 5.841 million barrels compared to the estimated build of 0.900 million barrels and the prior build of 3.210 million barrels. This unexpected rise indicates a potential surplus in crude oil supply.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 2:31 pm