Streetbeat News

Assets

PEPE

SHIB

SOL

WIF

Dogwifhat (CRYPTO: WIF) has become the third-largest meme coin by market capitalization, surpassing Pepe Coin (CRYPTO: PEPE) with a market cap of $3.65 billion. It has seen a 16% rally in the last 24 hours and a 61% increase over the last seven days. Dogwifhat's rise has also positively impacted Solana (CRYPTO: SOL), as investors need to purchase SOL to trade for WIF. Despite its rapid growth, Dogwifhat still trails behind Shiba Inu (CRYPTO: SHIB), the second-largest meme coin, by a significant margin.

Portfolio Pulse from Rounak Jain

March 29, 2024 | 1:11 pm

BSY

Bentley Systems (NYSE:BSY) has seen a 13.39% increase in its short percent of float since the last report, with 8.44 million shares sold short, representing 6.18% of its available trading shares. This indicates a bearish market sentiment towards BSY, although it's not a definitive predictor of a price drop. Compared to its peers, BSY has a higher short interest, suggesting more bearish sentiment than average in its sector.

Portfolio Pulse from Benzinga Insights

March 29, 2024 | 1:00 pm

Jacobs Solutions (NYSE:J) has seen a 9.42% increase in short percent of float since its last report, with 1.66 million shares sold short, representing 1.51% of available shares. This indicates a bearish market sentiment towards J, although it has less short interest compared to its peers' average of 3.32%. The rise in short interest doesn't necessarily predict a price drop but suggests increased bearishness among traders.

Portfolio Pulse from Benzinga Insights

March 29, 2024 | 1:00 pm

CWEN

FSLR

ICLN

NEE

TAN

California and Germany have made significant strides towards 100% renewable energy, with California's power supply recently being over 70% renewable on average. The clean energy sector faces uncertainty with the upcoming 2024 presidential election. ETFs like iShares Global Clean Energy ETF (ICLN) and Invesco Solar ETF (TAN) have seen minor upticks this week, despite losses over the past year. Stocks such as NextEra Energy Inc (NEE), First Solar Inc (FSLR), and Clearway Energy, Inc. (CWEN) are recovering but still down from last year's prices.

Portfolio Pulse from Natan Ponieman

March 29, 2024 | 12:48 pm

ALB

SQM

XOM

Chile plans to double its lithium output in the next decade by opening 26 new salt flats for extraction, aiming to address potential lithium shortages and meet the quadrupling global demand by 2030. Sociedad Química y Minera de Chile S.A. (SQM) and Albemarle Corporation (ALB) are key players in Chile's lithium sector. Meanwhile, in the U.S., companies like Tetra Technologies face regulatory hurdles in lithium extraction, despite partnerships like the one with Exxon Mobil (XOM) for lithium extraction in Arkansas.

Portfolio Pulse from Stjepan Kalinic

March 29, 2024 | 12:22 pm

OGI

OrganiGram Holdings Inc. (NASDAQ:OGI), a Toronto-based cannabis company, announced an $18.5M public offering with ATB Securities Inc. as the lead underwriter, offering 7,740,000 units at $2.39 each. The offering includes an over-allotment option and units comprising one common share and a half warrant. The proceeds are aimed at supporting growth initiatives and covering corporate expenses. The offering is expected to close around April 2, 2024, pending regulatory approvals. However, the announcement led to a downturn in OGI's stock value, following a 16% year-over-year revenue decrease in the first quarter of 2024.

Portfolio Pulse from Patricio Liddle

March 29, 2024 | 12:15 pm

KRE

'Rich Dad Poor Dad' author Robert Kiyosaki predicts a financial crisis in the US similar to China's, impacting baby boomers' retirement plans. He attributes the crisis to the collapse of major entities in China and warns of similar issues in the US commercial real estate sector. Kiyosaki advises investing in tangible assets like gold, silver, and Bitcoin over fiat currency or real estate investment trusts (REITs). The SPDR S&P Regional Banking ETF (KRE) is mentioned in relation to the challenges faced by the US banking system, including the exposure of regional banks to commercial real estate.

Portfolio Pulse from Shanthi Rexaline

March 29, 2024 | 12:12 pm

BLK

BTCUSD

IBIT

Bitcoin's value has surged above $73,000, influenced by the approval of spot bitcoin ETFs and major financial institutions like BlackRock entering the crypto space. CoinFlip's CEO Daniel Polotsky suggests the crypto market may see significant changes with the upcoming halving event, potentially ending the traditional four-year market cycle. The entrance of ETFs and institutional investors could lead to a more stable growth trajectory for Bitcoin, despite potential challenges from tighter monetary policies and political factors.

Portfolio Pulse from Benzinga Neuro

March 29, 2024 | 10:58 am

AMZN

MSFT

NVDA

Analyst Richard Windsor warns of an AI bubble, citing overvaluations in AI sector investments by Nvidia, Amazon, and Microsoft. He points to Nvidia-backed Cohere's $5 billion valuation, Microsoft's $650 million deal with Inflection AI, and Amazon's $2.75 billion investment in Anthropic as signs of market frenzy without regard for fundamentals. Despite the AI hype benefiting Nvidia, Windsor advises caution, predicting a market correction.

Portfolio Pulse from Benzinga Neuro

March 29, 2024 | 8:39 am

DOGE

WIF

Dogwifhat (CRYPTO: WIF), a meme coin on the Solana blockchain, has seen a significant price surge to $3.97, a 29.74% increase, leading to over $319.48K in short liquidations. This contrasts with Dogecoin (CRYPTO: DOGE), which saw $1.72 million in long positions liquidated. Dogwifhat's value has skyrocketed over 5,000% in two months, entering the top 50 tokens by market cap. The meme coin market continues to show strength, with Dogecoin also experiencing a surge ahead of its launch on Apr. 20.

Portfolio Pulse from Benzinga Neuro

March 29, 2024 | 4:49 am