Streetbeat News

Assets

ORCL

Over the past 5 years, Oracle (NYSE:ORCL) has outperformed the market with an annualized return of 16.27%, turning a $100 investment into $214.08 today. Oracle's market capitalization stands at $307.36 billion, highlighting the impact of compounded returns on investment growth.

Portfolio Pulse from Benzinga Insights

February 26, 2024 | 6:30 pm

MLGO

MicroAlgo (NYSE:MLGO) has seen a significant increase in short interest, with a 181.63% rise since the last report, reaching 385 thousand shares or 1.38% of the float. This indicates a bearish market sentiment towards MLGO, although it has less short interest compared to its peers' average of 2.29%. The increase in short interest can be a complex indicator, potentially bullish under certain conditions.

Portfolio Pulse from Benzinga Insights

February 26, 2024 | 6:15 pm

ADI

Analog Devices (NYSE:ADI) has seen an 8.59% increase in its short percent of float since the last report, with 6.86 million shares sold short, representing 1.39% of its available trading shares. It would take about 2.14 days to cover these short positions. This rise in short interest indicates a more bearish market sentiment towards ADI, although it has less short interest compared to its peer group average of 3.50%. The increase in short interest doesn't necessarily predict a price drop but suggests traders are betting more on its decline.

Portfolio Pulse from Benzinga Insights

February 26, 2024 | 6:15 pm

HRB

H&R Block (NYSE:HRB) has seen a 9.2% increase in its short percent of float since the last report, with 10.09 million shares sold short, representing 12.22% of available shares. This indicates a bearish market sentiment, although it's not a definitive predictor of stock price movement. H&R Block's short interest is significantly higher than its peer group average of 5.79%, suggesting more bearish sentiment compared to its peers.

Portfolio Pulse from Benzinga Insights

February 26, 2024 | 6:15 pm

CAT

Deep-pocketed investors have shown a bearish sentiment towards Caterpillar (NYSE:CAT), with options activity indicating a divided mood: 33% bullish and 66% bearish. Notable options trades include both puts and calls with a price target range of $280.0 to $340.0. Caterpillar, a leading manufacturer of heavy equipment, shows a current stock price of $327.03, up by 0.97%. Analyst ratings vary, with an average target price of $332.4, ranging from $257 to $385.

Portfolio Pulse from Benzinga Insights

February 26, 2024 | 6:00 pm

ETH-USD

On Sunday, 6,102.97 Ether (ETH) worth $19,247,054 was burned, permanently removing it from circulation. This follows the EIP-1159 upgrade to the Ethereum blockchain, which introduced a variable base fee for transactions that is burned. The current issuance rate of new Ether is 4% per year, expected to decrease to 0.5-1% with Ethereum 2.0, potentially making ETH a deflationary currency. The net annualized issuance rate for Ether was -5.65% yesterday.

Portfolio Pulse from Benzinga Insights

February 26, 2024 | 6:00 pm

COIN

Coinbase Global, Inc. (NASDAQ:COIN) shares are trading higher, up 48% in the past month, driven by a rally in Bitcoin following the approval of several spot Bitcoin ETFs and anticipation of the next Bitcoin halving event. Coinbase reported massive Bitcoin outflows last week, with the exchange holding 390,000 Bitcoins. The article also discusses a long-term forecast for COIN, noting its annualized stock performance over the past 5 years is -12.75%, with a potential future price of $93.82 based on trend analysis.

Portfolio Pulse from Erica Kollmann

February 26, 2024 | 5:50 pm

MSTR

MicroStrategy Inc (NASDAQ:MSTR) has purchased an additional 3,000 Bitcoin, increasing its holdings to 193,000 coins at an average price of $31,544 each. This acquisition, costing $155 million at an average price of $51,813 per Bitcoin, comes amid a surge in crypto investment product inflows, with Bitcoin-based products leading. The broader market saw almost $600 million in inflows, with Bitcoin accounting for over 85% of this. Other cryptocurrencies like Ethereum, Chainlink, and XRP also saw investments, while Solana experienced outflows. MicroStrategy's stock rose 13.98% to $784.

Portfolio Pulse from Murtuza Merchant

February 26, 2024 | 5:48 pm

ITA

The U.S. military has confirmed the use of AI, specifically computer vision, in identifying targets for air strikes in the Middle East, highlighting the technology's role in enhancing precision in combat operations. This development is part of Project Maven, aimed at integrating AI across defense operations, with human oversight ensuring ethical standards. The iShares U.S. Aerospace & Defense ETF (ITA) saw a 0.5% increase to $127, potentially reaching a record-high close.

Portfolio Pulse from Piero Cingari

February 26, 2024 | 5:45 pm

ABT

BCRX

HUM

IBRX

MDRX

MRK

TEVA

TGTX

TMO

Today's session highlighted significant options activity in the Health Care sector, with notable trades in stocks like MDRX, IBRX, ABT, BCRX, TEVA, TMO, TGTX, CI, MRK, and HUM. The activity ranged from bullish to bearish sentiments across various expiration dates and strike prices, indicating diverse market expectations and strategies among investors.

Portfolio Pulse from Benzinga Insights

February 26, 2024 | 5:35 pm