Streetbeat News

Assets

URA

Global X Uranium ETF (URA) experienced a price increase following a statement from Kazatomprom indicating that global uranium output will not meet market demands throughout this decade.

Portfolio Pulse from Benzinga Newsdesk

March 15, 2024 | 8:00 pm

USDU

UUP

A Barclays plc analyst note suggests the U.S. Dollar could rally 3% if Donald Trump wins re-election, driven by proposed tariffs and less support for NATO. This has implications for FX markets, potentially benefiting USD ETFs like UUP and USDU, and impacting companies based on their currency exposure.

Portfolio Pulse from Chris Katje

March 15, 2024 | 7:46 pm

QQQI

QYLD

SPYI

The NEOS Nasdaq-100 High Income ETF (QQQI) aims to offer high monthly income and tax efficiency by replicating the Nasdaq-100 Index and using out-of-the-money covered call strategies. It's introduced by the same team behind the successful NEOS S&P 500 High Income ETF (SPYI), which outperformed other S&P 500 covered call ETFs in 2023. QQQI's strategy differs from the GlobalX Nasdaq 100 Covered Call ETF (QYLD) by aiming for higher income and potential share price appreciation. Early performance shows promising results with a higher distribution yield compared to QYLD.

Portfolio Pulse from Austin Hankwitz

March 15, 2024 | 7:32 pm

DHR

A significant bearish sentiment has been observed in Danaher's (NYSE:DHR) options trading, with 62% of trades being bearish. The trading activity suggests a targeted price range of $230.0 to $265.0 for Danaher over the next three months. The largest trades include both bearish and bullish positions, with a notable volume and open interest in calls and puts within this price range. Danaher's stock is currently down -1.07% at $250.5, with neutral RSI indicators and earnings expected in 39 days.

Portfolio Pulse from Benzinga Insights

March 15, 2024 | 7:31 pm

AR

Over the past 5 years, Antero Resources (NYSE:AR) has outperformed the market with an annualized return of 24.68%, turning a $100 investment into $296.14 today. The company's market capitalization stands at $7.85 billion.

Portfolio Pulse from Benzinga Insights

March 15, 2024 | 7:30 pm

FCNCA

First Citizens BancShares (NASDAQ:FCNCA) has delivered an average annual return of 13.55% over the past 20 years, outperforming the market by 5.55% annually. With a current market capitalization of $22.24 billion, an initial investment of $100 in FCNCA 20 years ago would be worth $1,273.96 today.

Portfolio Pulse from Benzinga Insights

March 15, 2024 | 7:30 pm

CXXIF

C21 Investments Inc. (CXXIF) is acquiring Deep Roots Harvest, Inc. for $3.5 million, enhancing its Nevada operations. The deal includes a dispensary in Reno and is funded partly by a CA$4 million private placement of convertible debentures. The acquisition is subject to regulatory approvals.

Portfolio Pulse from Jelena Martinovic

March 15, 2024 | 7:09 pm

AMD

FCX

NVDA

SPRX

TECK

TSM

The article discusses the critical role of copper in the AI technology value chain, highlighting its importance in hardware like AI servers and the broader electrical grid. It mentions companies like Nvidia, Taiwan Semiconductor, and Advanced Micro Devices as key players in AI hardware, and also touches on the investment perspective, with Spear Alpha ETF investing in companies across the AI value chain, including those involved in copper mining like Freeport-McMoRan and Teck Resources. The growing demand for copper, set against a backdrop of shrinking supply, is seen as an investment opportunity.

Portfolio Pulse from Johnny Rice

March 15, 2024 | 7:05 pm

FETUSD

Fetch.ai's cryptocurrency (FET) has seen a 4.81% increase in price over the last 24 hours, reaching $2.83, despite a 3.0% decrease over the past week. The coin's all-time high is $3.11. Trading volume has decreased by 4.0%, while the circulating supply has slightly increased. Fetch.ai's market cap ranks it #47 at $2.93 billion.

Portfolio Pulse from Benzinga Insights

March 15, 2024 | 7:01 pm

GOLD

Barrick Gold (NYSE:GOLD) has seen significant options market activity, with a bearish sentiment prevailing among big-money traders. Analysis of options trades revealed a split sentiment, 40% bullish and 60% bearish, with a focus on a price band between $15.0 and $22.0. The company, a major gold and copper producer, has its stock slightly down by -0.1%, trading at $15.74, and may be approaching overbought territory. The next earnings report is expected in 47 days.

Portfolio Pulse from Benzinga Insights

March 15, 2024 | 7:01 pm