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HUBS

Deep-pocketed investors have shown a bearish sentiment towards HubSpot (NYSE:HUBS), with a significant move in options trading detected by Benzinga. The activity includes 27 notable options transactions, with a majority being bearish despite the stock's current uptrend. The trading targets a price range of $340 to $890 for HUBS, with the most significant options being bearish call sweeps for a strike price of $650. HubSpot, a provider of cloud-based marketing, sales, and customer service software, is currently trading up by 2.52% at $645.53, potentially nearing overbought territory.

Portfolio Pulse from Benzinga Insights

February 15, 2024 | 8:46 pm

BTCUSD

Bitcoin's recent surge above $52,000 has not been accompanied by increased public interest, as indicated by low Google search trends. This suggests that the current market dynamics might be driven by institutional investors or existing cryptocurrency enthusiasts, rather than new retail investors. The lack of retail excitement could point to a potential untapped market or a maturing market less influenced by retail hype. The situation raises questions about the future role of retail investors in the cryptocurrency market.

Portfolio Pulse from Murtuza Merchant

February 15, 2024 | 8:44 pm

PSX

High-rolling investors have shown a bullish sentiment on Phillips 66 (NYSE:PSX), with Benzinga's options scanner revealing 21 significant trades. The sentiment is predominantly bullish with a split of 57% bullish and 42% bearish. Notable trades include a mix of calls and puts with a focus on strike prices ranging from $40.0 to $145.0. Phillips 66, an independent refiner, is currently trading at $145.34, with a volume of 1,852,285 and may be considered overbought based on RSI readings. Analysts from Wells Fargo, Raymond James, and Barclays have issued ratings with a consensus target price of $152.33.

Portfolio Pulse from Benzinga Insights

February 15, 2024 | 8:31 pm

MRK

Investors have shown a bearish stance on Merck & Co (NYSE:MRK) through options trading, with a notable volume of trades indicating a split sentiment but leaning towards bearish. The options market activity suggests targeting a price range of $105.0 to $130.0 for MRK over the last 3 months. Current trading volume and analyst ratings suggest a mixed outlook, with a recent price increase and a potential overbought condition. Analysts have set target prices ranging from $135 to $148, indicating a positive outlook despite the bearish options market sentiment.

Portfolio Pulse from Benzinga Insights

February 15, 2024 | 8:31 pm

AMD

AMZN

ARKK

BABA

MSFT

ORCL

David Tepper's Appaloosa Management adjusted its Q4 2023 portfolio, entering positions in Oracle and ARK Innovation ETF, boosting stakes in Amazon, Alibaba, and Microsoft, while reducing semiconductor stocks like AMD, Intel, and Qualcomm. The fund also diversified into home improvement and exited positions in Arista Networks and Enterprise Products Partners.

Portfolio Pulse from Surbhi Jain

February 15, 2024 | 8:14 pm

BLK

WMT

Rick Rieder of BlackRock Inc (NYSE:BLK) is optimistic about the U.S. economy, predicting 4% nominal GDP growth this year, exceeding previous expectations. Despite high federal funds rates, Rieder expects rate cuts starting mid-year. He notes strong consumer spending, particularly in services, despite concerns from big retailers like Walmart (NYSE:WMT) and Kroger (NYSE:KR). Rieder manages BlackRock's $2.6 trillion global fixed-income portfolio.

Portfolio Pulse from Natan Ponieman

February 15, 2024 | 8:11 pm

MSFT

NVDA

SPRX

TSLA

The Spear Alpha ETF (SPRX) has emerged as the top-performing AI-focused ETF of the year, with a notable increase of over 17% since January 1st. This surge is attributed to the growing investor interest in AI technologies, spurred by the rapid adoption of OpenAI's ChatGPT. NVIDIA (NVDA) stands out as a key player in the AI space, with its specialized chips driving AI model functionality, leading to a stock increase of over 220% on the year. Other notable mentions include Microsoft (MSFT) and Tesla (TSLA) for their significant contributions to AI development.

Portfolio Pulse from Johnny Rice

February 15, 2024 | 8:09 pm

SPY

USO

The U.S. Energy Department has awarded contracts for 2.95 million barrels of U.S.-produced crude oil to be added to the Strategic Petroleum Reserve, according to Reuters citing an official statement.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 8:07 pm

ENPH

Enphase Energy (NASDAQ:ENPH) has seen significant options market activity, with a bearish sentiment among big-money investors. Benzinga's options scanner revealed 49 unusual trades, with a split sentiment of 36% bullish and 63% bearish. The trades aim for a price range of $90 to $190 in the next three months. Current trading volume is 3,439,093, with a 2.8% price increase to $135.3. Analyst ratings in the last month have an average target price of $120.8, with varying recommendations.

Portfolio Pulse from Benzinga Insights

February 15, 2024 | 8:01 pm

GPRO

GoPro's (NYSE:GPRO) short interest has increased by 6.46% since the last report, with 7.16 million shares sold short, representing 5.77% of its float. This indicates a bearish market sentiment, although it doesn't necessarily predict a price drop. GoPro's short interest is higher than its peer group average of 2.07%.

Portfolio Pulse from Benzinga Insights

February 15, 2024 | 7:45 pm