Streetbeat News

Equity Actions

BMY

On CNBC, Stephanie Link announced that she has sold her position in Bristol-Myers Squibb (BMY).

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 4:35 pm

FCX

On CNBC, Stephanie Link announced her purchase of Freeport-McMoRan (FCX) shares, indicating a positive outlook on the company.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 4:31 pm

MMM

Stephanie Link announced live on CNBC that she has purchased shares of 3M Company.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 4:30 pm

CMDY

GLD

Bank of America's commodities strategist, Francisco Blanch, predicts a bright future for commodities, citing reasons like thin inventories, ample spare capacity, sticky inflation, and a shift towards clean energy. The iShares Bloomberg Roll Select Commodity Strategy ETF (CMDY) is experiencing its strongest month since July 2023 after hitting a 2-year low in February 2024. Additionally, geopolitical tensions and a strategic shift towards gold reserves by emerging market economies are driving a resurgence in gold, with the SPDR Gold Trust (GLD) ETF seeing a rally despite conservative investor positioning.

Portfolio Pulse from Piero Cingari

March 26, 2024 | 4:29 pm

SNOW

On CNBC, Stephanie Link announced she has increased her investment in Snowflake, indicating a positive outlook on the company's future performance.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 4:11 pm

BTCUSD

A significant Bitcoin transaction by the fifth-largest holder, nicknamed '37X', moved $6.05 billion worth of BTC to three new addresses, marking its first major activity since 2019. This event, analyzed by Arkham Intelligence, coincides with a surge in institutional interest in Bitcoin, especially ahead of the anticipated halving event. The transaction occurred as Bitcoin's price surpassed $70,000, with the supply on Coinbase reaching a nine-year low. The launch of 10 spot Bitcoin ETFs in the U.S., amassing $58.3 billion in on-chain holdings, underscores the growing institutional engagement in cryptocurrency.

Portfolio Pulse from Murtuza Merchant

March 26, 2024 | 4:08 pm

APCX

CDLX

GDS

MESO

MKC

OPGN

STOK

U.S. stocks saw gains with the Dow Jones up by 100 points. McCormick & Co Inc reported better-than-expected Q1 results, with sales growth of 3% and an adjusted EPS of 63 cents. Stoke Therapeutics, Mesoblast Ltd, and OpGen Inc saw significant share price increases due to positive developments. Conversely, Cardlytics Inc, GDS Holdings Ltd, and AppTech Payments Corp experienced notable declines in their share prices.

Portfolio Pulse from Avi Kapoor

March 26, 2024 | 4:08 pm

AAPL

On CNBC, Jason Snipe announced that he is adding to his position in Apple, indicating a positive outlook on the company's future performance.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 4:03 pm

APCX

AppTech Payments Corp. (APCX) shares have declined following the announcement of a $2 million underwritten public offering. This move indicates the company is seeking to raise capital, potentially diluting existing shareholders.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 4:01 pm

FIS

Fidelity National Info (NYSE:FIS) has been the subject of 11 financial analyst ratings over the last three months, showing a diverse range of opinions. The average 12-month price target for FIS has been raised to $73.27, indicating a 9.52% increase from the previous target. Analysts from firms including Evercore ISI Group, Baird, and Goldman Sachs have adjusted their ratings and price targets, reflecting a generally positive outlook on the company's performance. Despite challenges in revenue growth and below-average ROE and ROA, FIS's net margin outperforms industry averages, and its debt management is considered conservative.

Portfolio Pulse from Benzinga Insights

March 26, 2024 | 4:00 pm