Streetbeat News

Assets

BAC

COIN

SOFI

WFC

Today's session highlighted significant options activity for financial stocks, with notable trades for SOFI, COIN, BAC, WFC, KKR, GS, AFRM, PMT, CFG, and BX. 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 potential trading opportunities based on the sentiments expressed through these large transactions.

Portfolio Pulse from Benzinga Insights

February 27, 2024 | 5:35 pm

AMZN

BIG

CAVA

CVNA

RIVN

ROST

TSLA

XPEV

Today's session highlighted significant whale activity in the options market for 10 consumer discretionary stocks, indicating potential trading opportunities. The activity involved both bullish and bearish sentiments across various stocks including TSLA, CVNA, CAVA, AMZN, BIG, JD, XPEV, ROST, LI, and RIVN, with notable transactions in call and put options. This unusual options activity could signal upcoming price movements in these stocks.

Portfolio Pulse from Benzinga Insights

February 27, 2024 | 5:35 pm

AMD

MARA

NVDA

PANW

SOUN

Today's session highlighted significant options activity in the Information Technology sector, with notable movements in stocks like NVDA, AMD, MARA, PANW, SOUN, MSTR, SMCI, PLTR, NTNX, and FTNT. The activity ranged from bullish to bearish sentiments, with various expiration dates and strike prices, indicating diverse trading strategies and expectations from large investors or 'whales'.

Portfolio Pulse from Benzinga Insights

February 27, 2024 | 5:35 pm

BSX

DHR

KRTX

LLY

THC

XLK

XLV

Hedge funds are favoring the healthcare sector over technology and AI, allocating significantly more to healthcare in their portfolios. The Goldman Sachs Hedge Funds Monitor indicates a shift towards stability and value, with healthcare stocks being relatively underperforming and more affordable compared to technology. The Technology Select Sector SPDR Fund (XLK) has seen a 50% increase, while the Health Care Select Sector SPDR Fund (XLV) rose by 13.7%. Hedge funds have shown interest in specific healthcare stocks like Eli Lilly & Company (LLY), Tenet Healthcare Corp. (THC), Karuna Therapeutics (KRTX), Boston Scientific Corp. (BSX), and Danaher Corp (DHR).

Portfolio Pulse from Piero Cingari

February 27, 2024 | 5:34 pm

SPGI

S&P Global (NYSE:SPGI) has delivered an average annual return of 18.21% over the past 10 years, outperforming the market by 7.78% on an annualized basis. With a current market capitalization of $134.34 billion, a $1000 investment in SPGI 10 years ago would be worth $5,453.76 today.

Portfolio Pulse from Benzinga Insights

February 27, 2024 | 5:30 pm

EXPE

GOOG

MSFT

SONY

TSLA

Bitcoin's price breakout is partly attributed to a rumor about Microsoft supporting bitcoin, though its credibility is questioned. Durable goods data indicates weakening business spending, potentially challenging the no-landing consensus. Sony and Expedia announce layoffs, while home prices remain strong. Early trade shows positive money flows in Alphabet and Tesla, with mixed or neutral flows in other major stocks and ETFs. The article suggests maintaining a balanced protection band in investment strategies.

Portfolio Pulse from The Arora Report

February 27, 2024 | 5:30 pm

MCHP

Microchip Technology (NASDAQ:MCHP) has delivered an average annual return of 13.73% over the past 10 years, outperforming the market by 3.3%. A $100 investment in MCHP a decade ago would be worth $372.90 today. The company's market capitalization stands at $44.92 billion.

Portfolio Pulse from Benzinga Insights

February 27, 2024 | 5:30 pm

BLK

BlackRock Inc. (NYSE:BLK) is shifting its stance from promoting index investing to advocating for actively managed strategies, citing the current economic environment of higher interest rates, persistent inflation, and geopolitical risks as more conducive for active management. This marks a significant departure from the buy-and-hold strategy that has been popular among investors, driven by a decade of low interest rates and strong performance of developed-market stocks and bonds. BlackRock analysts argue that the traditional approach of static asset allocations will not be as effective, urging investors to adopt more dynamic strategies.

Portfolio Pulse from Piero Cingari

February 27, 2024 | 5:21 pm

PDD

PDD Holdings (NASDAQ:PDD) has seen significant options trading activity, with a bearish sentiment prevailing among investors. Analysis of 61 trades revealed 37% bullish and 62% bearish positions, with puts totaling $2,344,312 and calls at $2,767,412. The options market predicts a price range of $100.0 to $185.0 for PDD Holdings. The largest trades include both bullish and bearish positions with varying strike prices and expiration dates. PDD Holdings, a multinational commerce group, has seen its stock price increase by 1.04% to $127.8, with a high trading volume and an RSI indicating potential overbought status. The next earnings report is due in 20 days.

Portfolio Pulse from Benzinga Insights

February 27, 2024 | 5:15 pm

BCH-USD

Bitcoin Cash (BCH) experienced an 8.7% increase in value, reaching $298.78, influenced by Bitcoin's surge to a new 52-week high. The positive momentum in Bitcoin and Ethereum, with substantial price increases, has contributed to a favorable atmosphere in the cryptocurrency market, indirectly benefiting Bitcoin Cash and other altcoins.

Portfolio Pulse from Henry Khederian

February 27, 2024 | 5:02 pm