Streetbeat News

Assets

ACKAF

WHR

Whirlpool Corporation has completed a strategic transaction with Arçelik A.Ş, creating Beko Europe B.V., a new European appliance company. Whirlpool now owns 25% of Beko Europe, while Arçelik holds 75%. Whirlpool retains ownership of InSinkErator and its EMEA KitchenAid businesses. Additionally, Whirlpool finalized the sale of its Middle East and North Africa business to Arçelik.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 8:11 am

DJT

Tom Sosnoff, CEO of Tastytrade, predicts a challenging future for Trump Media And Technology Group's stock (NASDAQ:DJT), with significant downside potential. The options market reflects this sentiment, with puts being three times more expensive than calls, indicating a bearish outlook. This perspective is supported by 'Bond King' Bill Gross, who has taken a bearish stance on DJT stock, highlighting its overvaluation compared to tech giants like Nvidia and discussing its meme stock potential.

Portfolio Pulse from Benzinga Neuro

April 02, 2024 | 7:37 am

ETHUSD

Cryptocurrency analyst Ali Martinez warned of a potential further correction for Ethereum (ETH) if it drops below $3,460, citing a lack of support that could lead to a decrease towards $2,850 or lower. This comes after Ethereum and other major cryptocurrencies began Q2 with significant market corrections. Despite a year-to-date gain of over 48%, Ethereum's recent price action has been negative, with a 4.6% drop over the last 24 hours to $3,388.35.

Portfolio Pulse from Benzinga Neuro

April 02, 2024 | 7:34 am

KYN

Kayne Anderson Energy Infrastructure Fund (KYN) reported its net assets as $1.9B and net asset value per share as $11.52 as of March 31, 2024. The asset coverage ratios under the 1940 Act were 661% for senior securities and 469% for total leverage.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 7:05 am

EWU

The U.K. Nationwide House Price Index (HPI) for March showed a year-over-year decrease of 0.2%, compared to the 0.4% increase that was estimated and the 0.7% increase reported previously.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 6:16 am

EWU

The U.K. Nationwide House Price Index (HPI) for March showed a month-on-month increase of 1.6%, which is lower than the estimated 2.4% but higher than the previous month's 1.2%.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 6:15 am

BTCUSD

DOGEUSD

ETHUSD

Bitcoin, Ethereum, and Dogecoin experienced a dip as the market corrected, with Bitcoin's volatility increasing ahead of its upcoming halving event, which is expected to further impact its price dynamics. Analysts predict potential all-time highs for Bitcoin before the halving. The global cryptocurrency market cap increased slightly, while traditional stock indexes showed mixed results amid inflation concerns.

Portfolio Pulse from Mehab Qureshi

April 02, 2024 | 4:23 am

BBJP

DXJ

EWJ

The latest auction for Japan's 10-Year JGB (Japanese Government Bonds) resulted in a yield of 0.753%, an increase from the previous rate of 0.718%. This indicates a rise in the cost of borrowing for the Japanese government and could have implications for investors in Japanese assets, including those holding ETFs like BBJP, DXJ, and EWJ.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 4:04 am

ARKK

COIN

HOOD

NVDA

TSLA

Cathie Wood's Ark Invest purchased nearly $15M worth of Tesla (TSLA) shares, despite a potential Q1 delivery miss causing a temporary drop in Tesla's stock price. Ark also continued selling shares of Nvidia (NVDA), Coinbase (COIN), and Robinhood (HOOD), with Coinbase remaining ARKK's top holding. Tesla's Q1 deliveries are anticipated to be lower than previous quarters, but Ark remains bullish on Tesla, expecting it to reach $2,000 by 2027.

Portfolio Pulse from Shanthi Rexaline

April 02, 2024 | 2:53 am

FBTC

IBIT

Portfolio Pulse from Piero Cingari

April 01, 2024 | 10:18 pm