Streetbeat News

Assets

ARM

CRM

CRWD

MSFT

MSTR

NVDA

PANW

SMCI

TSM

Today's session highlighted significant options activity in the Information Technology sector, with notable movements in stocks like NVDA, PANW, ARM, MSFT, MSTR, SMCI, TSM, CRWD, CRM, and MU. The activity ranged from bullish to bearish sentiments, with trades and sweeps on call and put options, indicating diverse market expectations and potential trading opportunities.

Portfolio Pulse from Benzinga Insights

February 26, 2024 | 5:35 pm

AMT

Deep-pocketed investors have shown a bearish sentiment towards American Tower (NYSE:AMT), with options trading data from Benzinga indicating a significant move. The data reveals 75% bearish and 25% bullish sentiment among investors, with notable options activity suggesting a target price range of $170.0 to $200.0 for AMT. The company, an REIT, operates over 220,000 cell towers globally and has a concentrated customer base. Current market data shows AMT's price slightly down with an RSI indicating it may be approaching oversold territory.

Portfolio Pulse from Benzinga Insights

February 26, 2024 | 5:30 pm

Recent options trading activity for Visa (NYSE:V) shows a bearish sentiment among investors, with 62% of trades being bearish. The trading focused on a price range between $240.0 and $300.0. Significant trades include both calls and puts, with a notable volume and open interest in options expiring from 2024 to 2024 within the specified price band. Visa, the world's largest payment processor, saw its stock price slightly decrease by -0.09%, with an RSI indicating a potential approach to overbought territory. An analyst from Barclays maintains an Overweight rating on Visa, with a target price of $319.

Portfolio Pulse from Benzinga Insights

February 26, 2024 | 5:30 pm

MCK

McKesson (NYSE:MCK) has delivered an average annual return of 18.75% over the past 15 years, outperforming the market by 4.64% on an annualized basis. A $1000 investment in MCK 15 years ago would be worth $13,131.20 today, showcasing the impact of compounded returns over time. McKesson's market capitalization currently stands at $67.84 billion.

Portfolio Pulse from Benzinga Insights

February 26, 2024 | 5:30 pm

Over the past 15 years, Brunswick (NYSE:BC) has significantly outperformed the market, yielding an average annual return of 26.39%. A $100 investment in BC 15 years ago would now be worth $3,106.74. This showcases the impact of compounded returns on investment growth over time.

Portfolio Pulse from Benzinga Insights

February 26, 2024 | 5:30 pm

MCD

Josh Brown, a notable financial commentator, announced live on CNBC that he has purchased shares of McDonald's (MCD).

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 5:29 pm

ACON

AGTI

AKLI

LUNR

TRNR

VERO

U.S. stocks traded mixed with the Dow and NASDAQ seeing slight gains, while the S&P 500 edged lower. Consumer discretionary shares rose, while utilities fell. Akili, Inc., Interactive Strength Inc., and Agiliti, Inc. saw significant stock increases due to positive business developments. Conversely, Aclarion, Inc., Intuitive Machines, Inc., and Venus Concept Inc. experienced notable declines. Crude oil prices increased by 1%, and U.S. new home sales rose by 1.5% in January.

Portfolio Pulse from Avi Kapoor

February 26, 2024 | 5:01 pm

CHWY

Deep-pocketed investors show a divided sentiment on Chewy (NYSE:CHWY), with equal bullish and bearish positions in options trading. Benzinga's tracking revealed significant activity, suggesting a price target range of $15.0 to $27.5. Chewy, a leading e-commerce pet care retailer, is currently trading at $16.26, with potential oversold conditions and an upcoming earnings release.

Portfolio Pulse from Benzinga Insights

February 26, 2024 | 5:00 pm

CPRT

Over the past 15 years, Copart (NASDAQ:CPRT) has significantly outperformed the market, yielding an average annual return of 26.05%. An initial investment of $1000 in Copart 15 years ago would now be worth $32,049.40. This showcases the impact of compounded returns on investment growth over time.

Portfolio Pulse from Benzinga Insights

February 26, 2024 | 5:00 pm

UNH

Over the past 20 years, UnitedHealth Group (NYSE:UNH) has produced an average annual return of 15.18%, outperforming the market. A $1000 investment in UNH 20 years ago would be worth $16,932.61 today. UnitedHealth Group's market capitalization currently stands at $488.01 billion.

Portfolio Pulse from Benzinga Insights

February 26, 2024 | 5:00 pm