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Stock Prices

BTCUSD

Kevin Kelly, co-founder and Head of Research at Delphi Digital, has suggested that the cryptocurrency market is about to enter a new cycle. He highlighted the predictability of crypto market cycles, using Bitcoin as a reference. He noted that Bitcoin price peaks often coincide with indications of the ISM (Institute for Supply Management) topping out. Kelly also discussed the significance of Bitcoin's halving event and potential risks, including a possible modest selloff or price consolidation.

Portfolio Pulse from Murtuza Merchant

August 15, 2023 | 5:49 pm

SRG

Seritage Growth Properties reported its Q2 financial results, leading to an increase in its share prices.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2023 | 5:47 pm

SAN

Banco Santander Inc. (NYSE:SAN) shares are currently trading at $3.85, after a 0.77% drop. Over the past month, the stock decreased by 2.04%, but over the past year, it spiked by 45.83%. The company's P/E ratio is 6.13, lower than the Banks industry average of 9.04, indicating that the stock might be undervalued or could perform worse than its industry peers.

Portfolio Pulse from Benzinga Insights

August 15, 2023 | 5:45 pm

AAPL

SPIKE

Apple Inc's stock (NASDAQ:AAPL) fell by 0.7% on Tuesday, continuing a downtrend pattern that began on August 3. The drop was a reaction to stronger-than-expected retail sales data for July, which pulled the market lower due to Apple's heavy weighting in the S&P 500. If the downtrend continues, market volatility is expected to rise. Traders can use MIAX’s SPIKES Volatility products, traded on SPIKES Volatility Index (XMIO: SPIKE), to track expected volatility in the SPDR S&P 500 over the next 30 days.

Portfolio Pulse from Melanie Schaffer

August 15, 2023 | 5:45 pm

ARKF

ARKK

ARKW

DIS

DKNG

GENI

PDYPY

PENN

Penn Entertainment Inc has entered into a 10-year licensing deal with Walt Disney Co to launch the ESPN Bet platform. However, Ark Invest's research associate Andrew Kim is skeptical about Penn's ability to challenge the dominance of DraftKings and FanDuel in the sports betting market. DraftKings is a key holding in three of the Ark Invest ETFs. Ark Invest also owns shares of Genius Sports Ltd, a data provider for sports betting and sports media companies.

Portfolio Pulse from Chris Katje

August 15, 2023 | 5:41 pm

MNK

Trading of Mallinckrodt's shares has been halted due to pending news.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2023 | 5:40 pm

ABL

FANH

HRTG

OXBR

During Tuesday's intraday session, several insurance stocks experienced significant movement. Gainers included Abacus Life (ABL), Heritage Insurance Hldgs (HRTG), Donegal Gr (DGICA), Crawford (CRD), Reliance Global Group (RELI), and NI Holdings (NODK). Losers included Oxbridge Re Holdings (OXBR), Fanhua (FANH), Kingstone Companies (KINS), Fidelis Insurance Hldgs (FIHL), Waterdrop (WDH), and Marpai (MRAI).

Portfolio Pulse from Benzinga Insights

August 15, 2023 | 5:40 pm

WeWork shares are experiencing volatility due to retail investor interest. The company recently expressed substantial doubt about its ability to continue operations.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2023 | 5:39 pm

BRK.A

Berkshire Hathaway has reduced its stake in Celanese, leading to a decrease in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2023 | 5:39 pm

GOL

Gol Intelligent Airlines' shares are trading lower following a downgrade from Citigroup from Buy to Neutral. Citigroup also announced a $4.2 price target for the stock.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2023 | 5:37 pm