Streetbeat News

Assets

AMZN

MBLY

MCD

PDD

TSLA

VFC

Today's session highlighted significant options activity in the Consumer Discretionary sector, with notable movements in stocks like TSLA, AMZN, JD, VFC, MBLY, MCD, LI, HD, PDD, and W. 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

March 01, 2024 | 5:35 pm

AAPL

AMD

CRM

DELL

MARA

NVDA

OKTA

PANW

TSM

Today's session highlighted significant options activity in the Information Technology sector, with notable movements in stocks like NVDA, AAPL, AMD, DELL, OKTA, MARA, ZS, TSM, PANW, and CRM. The activity ranged from bullish to 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 01, 2024 | 5:35 pm

TOL

Over the past 5 years, Toll Brothers (NYSE:TOL) has outperformed the market with an annualized return of 27.08%, turning a $1000 investment into $3,236.41. The company currently has a market capitalization of $12.00 billion.

Portfolio Pulse from Benzinga Insights

March 01, 2024 | 5:31 pm

BITB

FBTC

GBTC

IBIT

Grayscale's Bitcoin Trust (GBTC) experienced a record net outflow of $598 million, while BlackRock's Bitcoin ETF (IBIT) saw a net inflow of $603 million, indicating a shift in investor sentiment towards Bitcoin ETFs. Fidelity's FBTC and Bitwise's BITB also saw inflows. Despite this, Bitcoin (BTC) recorded its largest monthly gain since December 2020, with a 43.55% increase. The market is closely watching ETF inflows and outflows amid Bitcoin's price volatility.

Portfolio Pulse from Murtuza Merchant

March 01, 2024 | 5:28 pm

SUI

Sun Communities (NYSE:SUI) has seen a decrease in short interest, with 1.06 million shares sold short, representing 1.01% of available shares. This marks an 18.55% decline in short interest since the last report. The current short interest is below the peer group average of 2.59%. Short interest is a key indicator of market sentiment, and a decrease suggests a more bullish outlook among investors.

Portfolio Pulse from Benzinga Insights

March 01, 2024 | 5:15 pm

AEP

American Electric Power (NYSE:AEP) has seen a 9.33% increase in short percent of float since its last report, with 8.64 million shares sold short, representing 1.64% of available shares. This indicates a bearish sentiment among investors, although it's not a definitive predictor of stock price movement. AEP's short interest is below its peer group average of 2.56%, suggesting less bearish sentiment compared to its peers.

Portfolio Pulse from Benzinga Insights

March 01, 2024 | 5:15 pm

QCOM

Over the past 5 years, Qualcomm (NASDAQ:QCOM) has significantly outperformed the market, with an average annual return of 24.45%, turning a $1000 investment into $2,993.49 today. Qualcomm's market capitalization stands at $179.68 billion.

Portfolio Pulse from Benzinga Insights

March 01, 2024 | 5:01 pm

LHX

L3Harris Technologies (NYSE:LHX) has delivered an average annual return of 11.74% over the past 20 years, outperforming the market by 3.97%. A $100 investment in LHX 20 years ago would be worth $910.41 today. The company currently has a market capitalization of $40.30 billion.

Portfolio Pulse from Benzinga Insights

March 01, 2024 | 5:01 pm

GBTC

Bitcoin, Ethereum, and Dogecoin are consolidating with bullish patterns, indicating a strong bull cycle this year, partly due to SEC's approval of Bitcoin ETFs and anticipation of Ethereum ETFs. The next Bitcoin halving in April is also seen as bullish. Grayscale Bitcoin Trust (GBTC) has risen about 60% this year, showing similar bullish patterns. The consolidation allows for potential significant price rises, with specific resistance and support levels identified for each cryptocurrency.

Portfolio Pulse from Melanie Schaffer

March 01, 2024 | 4:55 pm

ELF

Deep-pocketed investors have shown a bullish sentiment towards e.l.f. Beauty (NYSE:ELF), with a notable increase in options activity. Benzinga's tracking revealed 19 extraordinary options activities, with a bullish majority. The options trades suggest a target price range of $155.0 to $290.0. e.l.f. Beauty's current stock price is up by 0.94%, reaching $210.5, with an RSI indicating potential overbought conditions. Analyst ratings vary, with an average target price of $199.2.

Portfolio Pulse from Benzinga Insights

March 01, 2024 | 4:47 pm