Streetbeat News

Assets

DUK

Duke Energy's (NYSE:DUK) short interest has increased by 12.3%, with 10.52 million shares sold short, representing 1.37% of its float. This indicates a bearish market sentiment, although it's below the peer group average of 2.73% short interest. The rise in short interest doesn't necessarily predict a price drop but suggests increased bearishness among traders.

Portfolio Pulse from Benzinga Insights

March 14, 2024 | 6:45 pm

BONKUSD

DOGEUSD

FLOKIUSD

SHIBUSD

Dogwifhat (WIF) saw a 26% increase in value, outperforming Dogecoin (DOGE) and Shiba Inu (SHIB), with its market cap surpassing $3 billion. Arthur Hayes and Raoul Paul expressed support for WIF. A significant trade was highlighted where a trader sold 8.18 million WIF tokens for a 10x profit. The meme coin's marketing stunts, including a Vegas Sphere display, have contributed to its popularity. Speculation about Coinbase listing WIF in 2024 and bullish sentiment from traders suggest a positive outlook for the coin.

Portfolio Pulse from Khyathi Dalal

March 14, 2024 | 6:39 pm

TMUS

Over the past 10 years, T-Mobile US (NASDAQ:TMUS) has outperformed the market with an average annual return of 17.99%, turning a $100 investment into $521.28. The company's market capitalization stands at $193.55 billion.

Portfolio Pulse from Benzinga Insights

March 14, 2024 | 6:30 pm

FSR

IWM

NVDA

TLT

TSLA

Stocks fell as February's Producer Price Index inflation data exceeded expectations, dashing hopes for a Fed rate cut. U.S. Treasury yields rose, and the iShares 20+ Year Treasury Bond ETF (TLT) saw a decline. The S&P 500, Nasdaq 100, and Dow experienced modest losses, while the VIX surged. The iShares Russell 2000 ETF (IWM) underperformed, and oil prices rose due to anticipated supply deficits. Notable stock movements included Tesla and Nvidia falling, while Robinhood and Halliburton rose. Fisker slumped on bankruptcy reports.

Portfolio Pulse from Piero Cingari

March 14, 2024 | 6:20 pm

ACB

CGC

TLRY

VFF

Village Farms International, Inc. (NASDAQ:VFF) has secured the #2 spot in Canada's recreational cannabis market, showing significant financial improvement and market share growth. The company's effective cost management and low production costs have contributed to its success, alongside a notable increase in exports. VFF's cannabis division reports an 11% sequential increase in net sales, with a strong emphasis on branded sales. The U.S. CBD business has also seen a significant increase in EBITDA despite a sales dip. Analyst Pablo Zuanic highlights VFF's potential for continued market share gains and improved gross margins.

Portfolio Pulse from Nicolás Jose Rodriguez

March 14, 2024 | 6:12 pm

AAPL

A Reddit user, ConstantOne5578, analyzed Warren Buffett's decision not to sell Apple Inc (AAPL) shares despite market fluctuations and strategic shifts. The analysis highlights Buffett's long-term investment strategy and the significant tax implications of selling AAPL shares, which constitute over 80% of Berkshire's investment. Concerns about Apple's strategy, including its move towards ads and regulatory pressures, were also discussed. Other Reddit users contributed to the discussion, emphasizing Buffett's investment rationale and the importance of dividends, share buybacks, and stock appreciation.

Portfolio Pulse from Surbhi Jain

March 14, 2024 | 6:11 pm

BTCUSD

Bitcoin is currently trading 2% down at $71,000, facing potential correction after reaching an all-time high of over $73,700. The U.S. reported higher-than-expected Producer Price Inflation, and the U.K. High Court ruled Craig Wright is not Satoshi Nakamoto. Technical traders predict a correction to the $52-56k range. The market's expectation for rate cuts has decreased, potentially impacting Bitcoin prices.

Portfolio Pulse from Khyathi Dalal

March 14, 2024 | 6:11 pm

BTC-USD

KRE

QQQ

The Federal Reserve's Bank Term Funding Program (BFTP), initiated in response to the failures of Silicon Valley Bank and Signature Bank in March 2023, has ended. The program, which injected $164 billion into the banking system, aimed to prevent a regional banking crisis by providing affordable liquidity. Its conclusion raises concerns about future liquidity and may impact the performance of regional banks, tech stocks, and Bitcoin. The SPDR S&P Regional Banking ETF (KRE), Invesco QQQ Trust (QQQ), and Bitcoin (BTC) have seen significant gains since the program's inception.

Portfolio Pulse from Piero Cingari

March 14, 2024 | 6:00 pm

Over the past 5 years, Reliance (NYSE:RS) has outperformed the market with an annualized return of 28.89%, turning a $1000 investment into $3,575.50. The company's market capitalization stands at $18.61 billion.

Portfolio Pulse from Benzinga Insights

March 14, 2024 | 6:00 pm

ETH-USD

On Wednesday, 12,325.35 Ether (ETH) worth approximately $47.7 million was burned, permanently removing it from circulation. This action follows the Ethereum blockchain's EIP-1159 upgrade, which introduced a variable base fee for transactions that is burned, contributing to a decrease in Ether's supply. The current issuance rate of new Ether is 4% annually, expected to drop to 0.5-1% with the Ethereum 2.0 upgrade, potentially making ETH a deflationary currency. The net annualized issuance rate for Ether was -15.35% yesterday.

Portfolio Pulse from Benzinga Insights

March 14, 2024 | 6:00 pm