Streetbeat News

Products Services

BTCUSD

Grayscale Investments reports the upcoming Bitcoin halving event is distinct due to recent regulatory approvals of spot Bitcoin ETFs, leading to mainstream adoption and potentially reducing selling pressure. The report highlights increased onchain activity and anticipates continued growth driven by developer interest and innovations on the Bitcoin blockchain. Miners have prepared by raising funds and selling reserves. Historical macro-economic events have previously driven investors towards Bitcoin. Analysts note a struggle for Bitcoin to surpass the $48,000 mark, with varying opinions on future price movements.

Portfolio Pulse from Khyathi Dalal

February 12, 2024 | 4:23 pm

APD

Air Products (APD) has signed a 10-year Power Purchase Agreement (PPA) with Eneco for solar electricity in The Netherlands, marking a significant step towards sustainability. This agreement will see APD sourcing the majority of its energy needs for liquid nitrogen and oxygen production from the Vlagtwedde Solar PV farm, reducing emissions equivalent to the carbon footprint of about 45,000 households. This move aligns with APD's long-term vision for decarbonizing the industrial gases sector and its previous commitments to sustainability in Europe.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 4:03 pm

AMGN

Financial analysis reveals a bearish trend in Amgen's (NASDAQ:AMGN) options trading, with 53% of traders showing bearish tendencies. Significant trades indicate a targeted price range of $290.0 to $305.0. Amgen, a biotech leader, has a diverse portfolio including drugs for cancer, inflammatory diseases, and rare diseases. The stock is currently down -0.38% at $290.01, with analysts giving mixed ratings but an average target price of $338.6. Options trading suggests cautious investor sentiment despite Amgen's strong market standing and analyst support.

Portfolio Pulse from Benzinga Insights

February 12, 2024 | 4:00 pm

ABT

EW

FDA advisors will discuss Abbott Laboratories' TriClip G4 System for severe tricuspid regurgitation (TR) on February 13, 2024. Despite the TRILUMINATE trial meeting its primary endpoint, FDA reviewers raised concerns about the trial's unblinded design and the potential placebo effect on patient-reported outcomes. Earlier, Edwards Lifesciences received FDA approval for its Evoque tricuspid valve replacement system without an advisory committee, based on positive TRISCEND II study results. ABT shares fell 0.38% to $111.38.

Portfolio Pulse from Vandana Singh

February 12, 2024 | 4:00 pm

ASML

INTC

SSNLF

TSM

ASML Holding NV showcased its advanced €350 million chipmaking machine, ordered by Intel Corp for its Oregon factory, aiming for production by late 2025. This machine, critical for AI advancements, etches semiconductor lines as thin as 8 nanometers. ASML's technology has seen record orders, including from Samsung Electronics and Taiwan Semiconductor Manufacturing Co, reflecting strong industry optimism. ASML reported a 12.5% year-on-year increase in Q4 2023 net sales, with China being its largest market.

Portfolio Pulse from Anusuya Lahiri

February 12, 2024 | 3:58 pm

SGMO

Sangamo Therapeutics' stock is trading higher following the announcement of FDA alignment on an abbreviated pathway for potential approval and EMA PRIME eligibility for its ST-920 treatment in Fabry disease.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 3:51 pm

NNOX

Nano-X AI has received FDA 510(k) approval for its HealthFLD system, designed to detect early signs of fatty liver disease. This regulatory milestone could significantly impact the company's market positioning and product deployment strategy in the healthcare sector.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 3:49 pm

BMR

NVDA

Beamr Imaging Ltd. (NASDAQ:BMR) shares surged after announcing a collaboration with Nvidia Corporation (NASDAQ:NVDA) to present joint research on automated video modernization at the ACM Mile-High-Video 2024 conference. The research focuses on transitioning video libraries to the AV1 format using Nvidia's hardware, addressing challenges of compute power and video quality maintenance. Beamr's stock has seen a significant increase, trading up 311% at $8.68.

Portfolio Pulse from Erica Kollmann

February 12, 2024 | 3:37 pm

CLSK

MARA

RIOT

Shares of Bitcoin mining companies Marathon Digital Holdings Inc (MARA), Riot Platforms Inc (RIOT), and CleanSpark Inc (CLSK) are trading higher amid a rise in Bitcoin prices and earnings optimism. Bitcoin's price increase is attributed to institutional adoption and excitement over the upcoming halving event. CleanSpark's recent earnings report and the anticipation of Riot's and Marathon's upcoming earnings are also influencing stock prices.

Portfolio Pulse from Adam Eckert

February 12, 2024 | 3:33 pm

NGD

New Gold (AMEX:NGD) announced a three-year plan to increase gold and copper production by 35% and 60% respectively by 2026. The Toronto-based company aims to achieve this through higher output at its current mines and completing growth projects, expecting significant free cash flow generation as costs decrease. The plan includes boosting gold production to between 410,000 and 460,000 ounces, and copper to between 71 million and 81 million pounds, with the first results expected in 2024. New Gold anticipates $75 million in free cash flow in the second half of the year, with $185.9 million in cash and $395.7 million in debt currently.

Portfolio Pulse from Stjepan Kalinic

February 12, 2024 | 3:21 pm