Streetbeat News

Assets

NVDA

SPRX

Ahead of Nvidia's Q4 earnings, the stock is experiencing a slight decline. Analysts predict earnings of $4.53 per share on revenues of $20.24 billion. Cantor Fitzgerald and Rosenblatt have reiterated their positive ratings with significant price targets. Nvidia's technical analysis shows neutrality with potential for both bullish and bearish movements post-earnings. The Spear Alpha ETF, which includes Nvidia as a major holding, offers an alternative for diversified investment. Nvidia's recent price movements and technical indicators suggest a possible short-term direction post-earnings.

Portfolio Pulse from Melanie Schaffer

February 21, 2024 | 7:48 pm

BMY

Bristol-Myers Squibb (NYSE:BMY) has seen a 6.25% increase in its short percent of float since the last report, with 31.09 million shares sold short, representing 1.53% of all shares available for trading. This increase in short interest may indicate a more bearish market sentiment towards BMY, although it has less short interest compared to its peers' average of 3.42%.

Portfolio Pulse from Benzinga Insights

February 21, 2024 | 7:45 pm

AFG

American Financial Group's (NYSE:AFG) short interest has increased by 38.1% since the last report, with 620 thousand shares sold short, representing 0.87% of its float. It would take about 2.26 days to cover these short positions. The increase in short interest can indicate a bearish market sentiment towards AFG, although it has less short interest compared to its peer group average of 1.75%. This information is crucial for traders and investors as it provides insight into market sentiment and potential stock movement.

Portfolio Pulse from Benzinga Insights

February 21, 2024 | 7:45 pm

MTN

Vail Resorts (NYSE:MTN) has seen a 24.27% increase in short interest since its last report, with 1.48 million shares sold short, representing 5.99% of its float. This indicates a bearish sentiment among traders, although it doesn't necessarily predict a near-term price drop. Compared to its peers, Vail Resorts has a lower short interest percentage of float, with an average of 16.25% among its peers.

Portfolio Pulse from Benzinga Insights

February 21, 2024 | 7:45 pm

FQVLF

First Quantum Minerals reported a Q4 2023 loss of $1.44 billion, largely due to the closure of its Cobre Panama mine, leading to a 28% drop in copper production. Despite this, the company remains optimistic, implementing cost-saving measures, refinancing debt, and exploring strategic investments. The company's full-year net profit was $1.29 billion, down $900 million from 2022. Management is hopeful for the mine's future post-May general elections.

Portfolio Pulse from Stjepan Kalinic

February 21, 2024 | 7:43 pm

CAVA

Market whales have shown a bullish stance on Cava Group (NYSE:CAVA), with 62% of recent options trades being bullish and 37% bearish. The trades include 6 puts and 2 calls, with a focus on a price band between $20.0 and $55.0. Cava Group's stock is currently down by -5.41%, trading at $51.25, with an RSI indicating a neutral position. The next earnings report is due in 6 days.

Portfolio Pulse from Benzinga Insights

February 21, 2024 | 7:30 pm

PFE

Pfizer (NYSE:PFE) has seen unusual options activity, with over 14 transactions valued at $1,147,738, indicating a bullish sentiment among significant investors targeting a price range of $22.5 to $30.0 over the next three months. The mean open interest for Pfizer options is 14,039.29 with a total volume of 23,475.00. The largest trades observed suggest a bullish outlook, with notable trades including puts and calls with expiration dates ranging from 2024 to 2025 and strike prices around $25 to $26. Pfizer, a leading pharmaceutical company with annual sales close to $50 billion, has its stock currently trading at $27.63, showing a 0.14% increase. The RSI indicates a neutral position, and an earnings announcement is expected in 69 days. An analyst from Cantor Fitzgerald has set a price target of $45, downgrading the stock to Overweight.

Portfolio Pulse from Benzinga Insights

February 21, 2024 | 7:30 pm

COST

Over the past 20 years, Costco Wholesale (NASDAQ:COST) has produced an average annual return of 15.59%, outperforming the market by 8.07% on an annualized basis. A $100 investment in COST 20 years ago would be worth $1,862.38 today. Costco's market capitalization currently stands at $321.95 billion.

Portfolio Pulse from Benzinga Insights

February 21, 2024 | 7:30 pm

AAPL

AMZN

GOOG

META

MSFT

NVDA

PANW

QQQ

SPY

TSLA

NVIDIA Corp (NVDA) experienced a significant pullback due to extreme positive positioning, with high volume indicating a negative sentiment. The options market predicts an 11% move post-earnings. Palo Alto Networks Inc (PANW) reported earnings, causing a 24.6% drop, affecting sentiment towards NVDA. Early trade money flows show positive in Amazon (AMZN), neutral in Apple (AAPL), and negative in NVDA, Microsoft (MSFT), Alphabet (GOOG), Meta Platforms (META), Tesla (TSLA), SPDR S&P 500 ETF Trust (SPY), and Invesco QQQ Trust (QQQ). Gold and oil trading are active, with SPDR Gold Trust (GLD) and United States Oil ETF (USO) being the most popular ETFs. Bitcoin sees selling due to NVDA earnings nervousness.

Portfolio Pulse from The Arora Report

February 21, 2024 | 7:20 pm

QQQ

SPY

TLT

The latest FOMC minutes revealed the Federal Reserve's cautious stance on interest rate cuts, emphasizing the need for more evidence of a disinflationary trend towards a 2% inflation target. Concerns were raised about the risks of easing policy too quickly and the potential for less restrictive financial conditions to hinder inflation reduction efforts. The minutes also highlighted risks in the Commercial Real Estate (CRE) sector, noting declining prices in multifamily and office spaces. Market reactions included rising Treasury yields, a drop in the iShares 20+ Year Treasury Bond ETF (TLT), increased volatility with the VIX up 4%, and declines in the Invesco QQQ Trust (QQQ) and SPDR S&P 500 ETF Trust (SPY).

Portfolio Pulse from Piero Cingari

February 21, 2024 | 7:18 pm