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Wall Street's major indices showed mixed performance as investors awaited Federal Reserve officials' speeches. The Nasdaq 100 and iShares Semiconductor ETF (SOXX) fell, while the iShares 20+ Year Treasury Bond ETF (TLT) and iShares China Large-Cap ETF (FXI) rose. New York Community Bancorp (NYCB) plummeted after concerns over commercial real estate loans. Sector-wise, the Materials SPDR Select Sector Fund (XLB) led gains, while the Technology SPDR Select Sector Fund (XLK) lagged. Notable stock movements included Palantir Technologies (PLTR) surging on strong earnings.

Portfolio Pulse from Piero Cingari

February 06, 2024 | 7:24 pm

QS

Deep-pocketed investors have shown a significant interest in QuantumScape (NYSE:QS), with a bullish sentiment prevailing among 60% of them based on recent options activity. The activity includes 10 extraordinary options trades, with a focus on a price target range of $5.0 to $10.0 for QS. The trading volume and open interest in these options have been notably high, indicating a strong investor focus on QuantumScape's performance. The company, known for its development of solid-state lithium-metal batteries for electric vehicles, is currently trading at $6.77 with an upcoming earnings announcement in 8 days.

Portfolio Pulse from Benzinga Insights

February 06, 2024 | 7:16 pm

C

Citigroup (NYSE:C) has seen unusual options activity, indicating a bullish sentiment among significant investors, with a mix of 53% bullish and 46% bearish trades. The activity includes 30 uncommon trades, with a preference for calls over puts. The predicted price range for Citigroup is $40.0 to $70.0 over the next three months. This activity, combined with Citigroup's current trading volume and RSI values, suggests potential movement in its stock price.

Portfolio Pulse from Benzinga Insights

February 06, 2024 | 7:16 pm

PDD

PDD Holdings Inc – ADR (NASDAQ:PDD) shares increased by 3.5% to $125.33, likely due to potential Chinese government stimulus measures. This comes as Chinese equities, including major companies like JD.com and Alibaba, saw significant gains following government support pledges. The broader Chinese market has faced substantial losses over the past three years, but recent government actions have sparked a rebound.

Portfolio Pulse from Henry Khederian

February 06, 2024 | 7:13 pm

UNIUSD

Uniswap's (CRYPTO: UNI) price has increased by 4.49% in the last 24 hours to $6.28, despite a 0.0% loss over the past week. The trading volume has decreased by 19.0%, while the circulating supply has risen by 0.31% to over 753.77 million. UNI's market cap ranks #22 at $4.72 billion.

Portfolio Pulse from Benzinga Insights

February 06, 2024 | 7:01 pm

FTNT

Recent options trading activity in Fortinet (NASDAQ:FTNT) has shown a bearish trend among big-money investors, with a split sentiment of 47% bullish and 52% bearish. Benzinga's options scanner identified 17 unusual options trades, with a focus on a price band between $25.0 and $75.0. The trading activity includes both puts and calls, with significant trades highlighted in the article. Fortinet, a cybersecurity vendor, is currently trading at $66.41, with a neutral RSI and an anticipated earnings release imminent.

Portfolio Pulse from Benzinga Insights

February 06, 2024 | 7:00 pm

MA

Over the past decade, Mastercard (NYSE:MA) has significantly outperformed the market, yielding an average annual return of 19.67%. A $100 investment in Mastercard stock 10 years ago would be worth $601.15 today. Mastercard's market capitalization currently stands at $425.45 billion.

Portfolio Pulse from Benzinga Insights

February 06, 2024 | 7:00 pm

NVR

Over the past 10 years, NVR (NYSE:NVR) has produced an average annual return of 20.11%, outperforming the market by 9.62% on an annualized basis. A $1000 investment in NVR a decade ago would be worth $6,153.18 today, showcasing the impact of compounded returns over time. NVR's current market capitalization stands at $22.90 billion.

Portfolio Pulse from Benzinga Insights

February 06, 2024 | 7:00 pm

TRXUSD

TRON (CRYPTO: TRX) has seen a price increase of 3.29% in the last 24 hours, reaching $0.12, with an 8% increase over the past week from $0.11. The coin's all-time high is $0.23. Trading volume has risen by 56% over the past week, while the circulating supply decreased by 0.05%, now at 88.10 billion. TRX's market cap ranks #13 at $10.73 billion.

Portfolio Pulse from Benzinga Insights

February 06, 2024 | 7:00 pm

TELL

Tellurian Inc. (TELL) is exploring the sale of its Haynesville upstream assets, including natural gas assets and drilling locations, to reduce debt and support the development of Driftwood LNG. The company produced 19.5 Bcf of natural gas in Q3 2023 and aims to leverage alternative gas supply strategies, deeming the ownership of upstream assets unnecessary at this stage. The sale is expected to reduce general and administrative expenses and provide additional cash, avoiding equity issuance for 2024 development activities.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 6:52 pm