Streetbeat News

Assets

XRX

Xerox Holdings Corporation (NASDAQ:XRX) shares fell after announcing a $300 million convertible senior notes offering and an increase in the maximum tender cap for certain senior notes. The proceeds are intended for capped call transactions and general corporate purposes. This follows a reported Q4 sales decline of 9.1% Y/Y, with equipment sales and post-sale revenue also down. XRX shares are currently down 9.21% at $17.06.

Portfolio Pulse from Lekha Gupta

March 06, 2024 | 6:03 pm

ETH-USD

On Tuesday, 19,544.93 Ether (ETH) worth approximately $74.73 million was burned, permanently removing it from circulation. This action is part of the Ethereum blockchain's EIP-1159 upgrade, which introduced a variable base fee for transactions that is burned. The Ethereum network is currently issuing new Ether at a 4% annual rate, expected to decrease to 0.5-1% with the Ethereum 2.0 upgrade, potentially making ETH a deflationary currency. The net annualized issuance rate for Ether was -26.68% yesterday.

Portfolio Pulse from Benzinga Insights

March 06, 2024 | 6:00 pm

MYRO

SHIBUSD

Myro, dubbed as 'Shiba Inu of Solana', has seen a 248.5% weekly gain, reaching a new all-time high of $0.4185. The surge is attributed to listings on multiple exchanges including HTX Global, Crypto.com, Gate.io, Kucoin.com, WOO X, and Binance Futures. Trading volume exceeded $400 million in the past 24 hours, significantly outpacing other memecoins. Market cap has increased by 46% since the start of 2024, now over $330 million. Predictions suggest Myro could reach a market cap in the billions.

Portfolio Pulse from Khyathi Dalal

March 06, 2024 | 5:52 pm

HES

The options market for Hess (NYSE:HES) shows a bearish sentiment with 81% of investors holding bearish expectations. The trading activity focuses on a price range between $130.0 and $150.0. The largest trades observed were all bearish call options with strike prices at $140.00. Hess, an independent oil and gas producer, reported net proved reserves of 1.3 billion barrels and an average production of 344 thousand barrels per day in 2022. The stock's current price is $146.36, with a neutral RSI and its next earnings report due in 49 days. Analysts from Susquehanna and Mizuho maintain a neutral rating on Hess, with target prices of $156 and $200, respectively.

Portfolio Pulse from Benzinga Insights

March 06, 2024 | 5:45 pm

JPM

Deep-pocketed investors have shown a bearish sentiment towards JPMorgan Chase (NYSE:JPM), with options activity indicating a significant move. Benzinga's tracking revealed 30 unusual options activities, with a bearish majority. The options suggest a price target between $155.0 and $200.0. JPMorgan Chase's current market status shows a slight price increase with a potential overbought signal. An earnings announcement is expected in 37 days.

Portfolio Pulse from Benzinga Insights

March 06, 2024 | 5:45 pm

GDX

GDXJ

GLD

UUP

Gold and silver prices surged to new highs following Fed Chair Jerome Powell's hints at potential rate cuts in 2024, boosting mining stocks and ETFs. The SPDR Gold Trust (GLD) and Invesco DB USD Index Bullish Fund ETF (UUP) experienced significant movements, alongside a rally in mining stocks and ETFs like the VanEck Gold Miners ETF (GDX) and the VanEck Junior Gold Miners ETF (GDXJ).

Portfolio Pulse from Piero Cingari

March 06, 2024 | 5:43 pm

CLSK

MARA

RIOT

Bitcoin mining stocks Marathon Digital Holdings Inc (MARA), Riot Platforms Inc (RIOT), and CleanSpark Inc (CLSK) are rising due to a Bitcoin price rebound. Bitcoin's recent rally is attributed to the demand surge following spot Bitcoin ETF approvals and anticipation of April's halving event. Marathon Digital, Riot Blockchain, and CleanSpark have seen stock increases of 4.11%, 1.39%, and 10.6% respectively.

Portfolio Pulse from Adam Eckert

March 06, 2024 | 5:42 pm

ABBV

CVS

EXAS

GSK

LLY

PFE

SANA

TMO

UNH

VKTX

Today's session highlighted significant whale activity in the health care sector, focusing on options trading for stocks like PFE, ABBV, GSK, SANA, LLY, VKTX, UNH, EXAS, CVS, and TMO. The trades varied in sentiment, with some bullish and others bearish, indicating diverse expectations for these stocks' future performances. The options activity, involving both calls and puts, suggests investors are actively positioning for potential movements in these health care stocks.

Portfolio Pulse from Benzinga Insights

March 06, 2024 | 5:35 pm

ABNB

AMZN

BABA

BBY

MBLY

NIO

RIVN

TSLA

Today's session highlighted significant whale activity in the Consumer Discretionary sector, focusing on options trading for stocks like TSLA, F, RIVN, ABNB, BBY, NIO, BABA, AMZN, MBLY, and HD. The activity ranged from neutral to bullish and bearish sentiments, with various expiration dates and strike prices. This could indicate potential trading opportunities based on the whales' movements.

Portfolio Pulse from Benzinga Insights

March 06, 2024 | 5:35 pm

AAPL

AMD

CRWD

HPQ

INTC

MARA

MRVL

MSFT

NVDA

PLTR

Today's session highlighted significant options activity in the Information Technology sector, with notable movements in stocks like NVDA, AMD, AAPL, INTC, MSFT, CRWD, MRVL, MARA, HPQ, and PLTR. The activity ranged from bearish to bullish sentiments, with various expiration dates and strike prices, indicating diverse trading strategies and expectations from large investors or 'whales'. This could signal upcoming volatility or shifts in these stocks.

Portfolio Pulse from Benzinga Insights

March 06, 2024 | 5:35 pm