Streetbeat News

Regulatory

BLK

SCBFF

Bitcoin has surged to $47,000, driven by expectations of U.S. ETF approvals. Financial institutions like BlackRock (BLK), Ark, Fidelity, Invesco, Galaxy Digital, and WisdomTree have updated their S-1 applications with the SEC. The SEC has until Jan. 10 to decide on these applications. Standard Chartered (SCBFF) predicts Bitcoin could attract $50-$100 billion in spot ETF inflows in 2024, potentially pushing its price to $200,000 by the end of 2025.

Portfolio Pulse from Murtuza Merchant

January 08, 2024 | 7:44 pm

ALK

BA

SPR

The NTSB has recovered the door plug from Alaska Airlines Flight 1282, a Boeing 737-9 MAX, and is examining it before sending it to their materials lab in Washington, DC for further analysis.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 7:38 pm

CAN

MARA

RIOT

Mining and crypto-related stocks are up due to Bitcoin's strength as the market anticipates an SEC decision on a spot bitcoin ETF.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 7:35 pm

HMC

Honda (HMC) is set to meet with the Canadian federal government this week amid reports of a potential deal to establish an electric vehicle (EV) plant. The meeting and emerging reports suggest that Honda may be expanding its EV production capabilities in Canada, which could signal a significant investment in the country's automotive sector and a commitment to the EV market.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 7:09 pm

SPY

Federal Reserve Bank of Atlanta President Raphael Bostic commented that he is monitoring for early signs of acceleration in unemployment changes but has not observed such indications yet, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 7:02 pm

SPY

Federal Reserve Bank of Atlanta President Raphael Bostic has reiterated his view that an initial interest rate cut could occur in the third quarter of the year. This statement aligns with his previous comments on the potential easing of monetary policy.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 7:01 pm

SPY

Fed's Bostic comments on the current state of the labor market, indicating that risks are more balanced and that many sectors are not showing growth. He also mentions that the Fed's mandates on inflation and employment are not in conflict at this time.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 7:01 pm

BFLY

Butterfly Network's stock is trading higher following the announcement of FDA clearance for its new handheld ultrasound system, Butterfly iQ3.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 7:01 pm

SMX

Security Matters is set to be granted U.S. Patent Number 11,867,645, titled 'System And Method For Detection And Identification Of Foreign Elements In A Substance By X-Ray Or Gamma-Ray Detection And Emission'. The patent issuance will occur tomorrow.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 6:38 pm

AMAM

DTC

HARP

LMDX

RXST

RxSight, Inc. (RXST) shares surged by 20% after providing FY23 and FY24 revenue guidance above estimates and following a price target increase by Needham. Other stocks experienced significant movement, with Harpoon Therapeutics, Inc. (HARP) and Ambrx Biopharma Inc. (AMAM) seeing major gains due to acquisition announcements. Conversely, LumiraDx Limited (LMDX) and Solo Brands, Inc. (DTC) faced steep declines, with LumiraDx facing Nasdaq suspension and Solo Brands lowering its full year 2023 revenue guidance.

Portfolio Pulse from Avi Kapoor

January 08, 2024 | 6:36 pm