Streetbeat News

Assets

CAH

Cardinal Health (NYSE:CAH) has seen a 13.87% increase in its short percent of float since the last report, with 7.78 million shares sold short, representing 4.27% of its available trading shares. This indicates a bearish market sentiment, although it doesn't necessarily predict a near-term price drop. Cardinal Health's short interest is slightly above its peer group average of 4.19%.

Portfolio Pulse from Benzinga Insights

March 13, 2024 | 3:00 pm

LGIH

LGI Homes (NYSE:LGIH) has seen a 4.17% increase in short interest, now at 12.23% of its float, indicating a bearish market sentiment. With 2.12 million shares sold short, it would take about 11.66 days to cover all short positions. This is significantly higher than its peer group average of 5.38% short interest, suggesting LGI Homes is more heavily shorted than its competitors.

Portfolio Pulse from Benzinga Insights

March 13, 2024 | 3:00 pm

MATICUSD

Polygon's (CRYPTO: MATIC) price has surged 7.59% in the last 24 hours, reaching $1.26, with an 18% increase over the past week from $1.06. The coin's all-time high is $2.92. Trading volume has decreased by 46% over the past week, while the circulating supply has risen 1.16% to over 9.28 billion, making up 92.83% of its max supply. MATIC's market cap ranks #16 at $11.82 billion.

Portfolio Pulse from Benzinga Insights

March 13, 2024 | 3:00 pm

XOM

Exxon Mobil (NYSE:XOM) has seen significant options activity, with a bullish sentiment prevailing among financial giants. Analysis of 14 unusual trades revealed 57% bullish and 42% bearish tendencies. Major trades include both calls and puts, with a focus on strike prices between $100.0 and $120.0. The company, a leading integrated oil and gas entity, showed a slight stock price increase to $109.13, potentially indicating an overbought condition. The next earnings report is expected in 44 days.

Portfolio Pulse from Benzinga Insights

March 13, 2024 | 2:45 pm

SQ

Investors have shown a bullish stance on Block (NYSE:SQ) through significant options trading activity, as detected by Benzinga's options scanner. A total of 19 uncommon options trades were spotted, with a sentiment split of 52% bullish and 47% bearish. The trades include 4 puts and 15 calls, aiming for a price range of $72.5 to $105.0 for Block in the next three months. Analysts have varying opinions on Block, with target prices ranging from $78 to $95. The company's trading volume is 4,066,749, with a slight price decrease of -0.62%, and an RSI indicating it may be overbought.

Portfolio Pulse from Benzinga Insights

March 13, 2024 | 2:31 pm

SPY

UNG

USA gasoline inventories experienced a significant draw of 5.662 million barrels, surpassing the estimated draw of 1.900 million barrels and the previous draw of 4.460 million barrels. This indicates a higher than expected decrease in gasoline stocks.

Portfolio Pulse from Happy Mohamed

March 13, 2024 | 2:30 pm

SPY

UNG

USO

The EIA reported a weekly distillates stock build of 0.888 million barrels, contrasting with the expected draw of 0.150 million barrels and the previous week's draw of 4.131 million barrels.

Portfolio Pulse from Happy Mohamed

March 13, 2024 | 2:30 pm

AAPL

GOOGL

META

MSFT

NVDA

QQQ

SPY

TSLA

The Market Clubhouse Morning Memo for March 13th, 2024, provides trading strategies for SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA based on a proprietary formula. It offers detailed bullish and bearish price targets for each asset, emphasizing the importance of monitoring these stocks for potential breakouts or reversals. The memo also notes that the 30-Year Bond Auction might introduce market volatility, advising traders to adjust their strategies accordingly.

Portfolio Pulse from RIPS

March 13, 2024 | 2:30 pm

TXT

Over the past 15 years, Textron (NYSE:TXT) has outperformed the market with an annualized return of 19.29%, turning a $100 investment into $1,392.06 today. Textron's market capitalization stands at $17.66 billion.

Portfolio Pulse from Benzinga Insights

March 13, 2024 | 2:30 pm

SPY

USO

The latest report on USA crude oil inventories showed a draw of 1.536 million barrels, contrasting with the expected build of 0.900 million barrels and the previous build of 1.367 million barrels. This indicates a decrease in crude oil inventories, contrary to expectations and the prior period's increase.

Portfolio Pulse from Happy Mohamed

March 13, 2024 | 2:30 pm