Streetbeat News

Assets

ABNB

AMZN

BABA

CMG

LULU

PDD

RIVN

SBUX

TSLA

XPEV

Today's session highlighted significant whale activity in the options market for 10 consumer discretionary stocks, indicating potential trading opportunities. Notable bullish sentiment was observed in TSLA, AMZN, RIVN, XPEV, LULU, and BABA options, while ABNB and PDD showed bearish sentiment. SBUX and CMG options displayed neutral sentiment. The activity involved both call and put options across various expiration dates and strike prices, suggesting diverse strategies by large investors.

Portfolio Pulse from Benzinga Insights

February 29, 2024 | 5:35 pm

AKRO

ALNY

CVS

IOVA

LLY

MOH

NVAX

PRTA

VKTX

Today's session highlighted significant whale activity in the health care sector, focusing on options trading for stocks like NVAX, CVS, IOVA, VKTX, MOH, LLY, ALNY, AKRO, CI, and PRTA. The trades varied in sentiment from bearish to bullish, with notable investments in both put and call options across various expiration dates and strike prices. This activity could indicate market movements or investor expectations for these companies.

Portfolio Pulse from Benzinga Insights

February 29, 2024 | 5:35 pm

ALTR

AMD

ASAN

KVYO

MARA

NVDA

RIOT

SMCI

SNOW

Today's session highlighted significant options activity in the Information Technology sector, with notable movements in stocks like AMD, NVDA, SMCI, MARA, MU, KVYO, SNOW, ASAN, RIOT, and ALTR. The activity ranged from bullish to bearish sentiments, involving both call and put options with varying expiration dates and strike prices. This options activity could indicate upcoming trading opportunities based on the whales' movements.

Portfolio Pulse from Benzinga Insights

February 29, 2024 | 5:35 pm

PDD

PDD Holdings (NASDAQ:PDD) has significantly outperformed the market in the last 5 years, with an annualized return of 19.6% and an average annual return of 32.28%, growing a $100 investment to $400.35. The company's market capitalization stands at $168.33 billion.

Portfolio Pulse from Benzinga Insights

February 29, 2024 | 5:30 pm

EXPE

Over the past 15 years, Expedia Group (NASDAQ:EXPE) has produced an average annual return of 22.56%, outperforming the market by 8.33% on an annualized basis. A $100 investment in EXPE 15 years ago would be worth $2,060.54 today. Expedia Group currently has a market capitalization of $18.64 billion.

Portfolio Pulse from Benzinga Insights

February 29, 2024 | 5:30 pm

MBLY

Mobileye Global (NYSE:MBLY) has seen a 12.62% increase in short interest since its last report, with 19.24 million shares sold short, representing 28.73% of its float. This is significantly higher than its peer group average of 8.31%. The rise in short interest suggests a bearish market sentiment towards MBLY, but it's important to note that an increase in short interest can sometimes be bullish.

Portfolio Pulse from Benzinga Insights

February 29, 2024 | 5:30 pm

BBY

DAVA

ENVB

LPSN

SCTL

VERX

U.S. stocks traded mixed with the Nasdaq Composite up by 100 points. Best Buy reported better-than-expected Q4 earnings, beating estimates with an EPS of $2.72 and sales of $14.646 billion. The company also increased its quarterly dividend by 2% and provided FY25 guidance. Societal CDMO, Enveric Biosciences, and Vertex saw significant stock price increases, while LivePerson, Endava, and Kineta experienced notable declines. Oil and gold prices rose, and economic indicators showed mixed results globally.

Portfolio Pulse from Avi Kapoor

February 29, 2024 | 5:24 pm

BTCUSD

A cryptocurrency investor known as Sunny Po on X went viral for maxing out 8 credit cards to buy 1.4488 Bitcoin at an average price of $37,443, accruing $54,251 in debt. As of Feb. 27, Po reported unrealized profits of $27,321 and plans to manage the 0% APR on his credit cards until November 2026. The strategy has attracted attention on crypto Twitter, with mixed reactions. Bitcoin's price has recently surpassed $60,000, raising both concerns and excitement about such speculative investment tactics.

Portfolio Pulse from Ivan Crnogatić

February 29, 2024 | 5:02 pm

NEE

NextEra Energy (NYSE:NEE) has delivered an average annual return of 9.8% over the past 20 years, outperforming the market by 2.09% annually. A $100 investment in NEE 20 years ago would now be worth $647.25. The company currently has a market capitalization of $113.58 billion.

Portfolio Pulse from Benzinga Insights

February 29, 2024 | 5:00 pm

DFS

Discover Financial Services (NYSE:DFS) has significantly outperformed the market with an average annual return of 23.75% over the past 15 years, turning a $100 investment into $2,474.03 today. The company currently has a market capitalization of $31.07 billion.

Portfolio Pulse from Benzinga Insights

February 29, 2024 | 5:00 pm