Streetbeat News

Stock Prices

BTCUSD

ETHE

ETHUSD

Bitwise CIO Matt Hougan predicts that spot Ethereum ETPs could attract $15 billion in net inflows within the first 18 months. This projection is based on the market capitalizations of Bitcoin and Ethereum, and the expected conversion of the Grayscale Ethereum Trust to an ETP. VanEck plans to be highly competitive in the Ethereum ETF space, potentially accelerating adoption.

Portfolio Pulse from Murtuza Merchant

June 26, 2024 | 12:35 pm

GILD

Gilead Sciences Canada announced that its Phase 3 PURPOSE 1 trial for Lenacapavir showed 100% efficacy in preventing HIV in cisgender women. An independent Data Monitoring Committee recommended stopping the blinded phase and offering open-label Lenacapavir to all participants.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 12:34 pm

SPY

Building permits for the latest period came in at 1.399 million, slightly above the estimated 1.386 million. This indicates a marginally stronger housing market than expected.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 12:31 pm

SPY

The USA Building Permits for the month-over-month (MoM) metric decreased by 2.8%, which is better than the estimated decline of 3.8% and the prior decline of 3.0%.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 12:31 pm

PAYX

Paychex (NASDAQ:PAYX) reported Q4 2024 adjusted EPS of $1.12, beating the estimate of $1.10. However, sales of $1.295 billion slightly missed the estimate of $1.296 billion. Sales increased by 5.29% year-over-year.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 12:31 pm

BITB

FBTC

GBTC

Bitcoin spot ETFs saw a net inflow of $31 million after a week of outflows, indicating renewed investor confidence. The Grayscale ETF experienced a significant outflow, while Fidelity and Bitwise ETFs saw substantial inflows. This suggests a mixed sentiment in the Bitcoin ETF market amid ongoing volatility.

Portfolio Pulse from Murtuza Merchant

June 26, 2024 | 12:27 pm

SPY

U.S. housing permits for May were reported at a 1.399 million unit rate, slightly higher than the previous 1.386 million. The month-over-month decline in housing permits was -2.8%, an improvement from the prior -3.8%.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 12:21 pm

GRND

Grindr has issued new guidance ahead of its Investor Day, projecting annual revenue growth of 20%-25% through 2027. Additionally, the company has raised its 2024 revenue growth forecast from over 23% to over 25%.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 12:15 pm

NTCT

NETSCOUT has expanded its Arbor Cloud DDoS attack mitigation network to Canada, enhancing its global reach and capabilities in cybersecurity.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 12:15 pm

MU

NVDA

Nvidia (NVDA) shares are rallying in premarket trading, continuing gains after a 6.76% jump on Tuesday. The rise is attributed to expected positive news from Micron Technology (MU), which is set to report its earnings. Jim Cramer suggests Micron's results could further boost Nvidia's stock.

Portfolio Pulse from Shanthi Rexaline

June 26, 2024 | 12:14 pm