Streetbeat News

Assets

AMZN

BABA

DKNG

FIVE

GCT

GENI

MELI

NKE

TSLA

Whale activity in the Consumer Discretionary sector indicates large volumes of options trading, with notable transactions in TSLA, AMZN, BABA, DKNG, M, GENI, NKE, MELI, FIVE, and GCT. The sentiment of these trades varies, with bearish and bullish positions taken on different stocks, and significant amounts of money involved in each transaction.

Portfolio Pulse from Benzinga Insights

January 24, 2024 | 5:35 pm

PBLA

Panbela Therapeutics (NYSE:PBLA) has seen a significant increase in short interest, with the short percent of float rising 912.95% to 14.08% of available shares. It would take about 1.0 days to cover all short positions. While high short interest can indicate bearish sentiment, it doesn't necessarily predict a price drop. Panbela's short interest is higher than its peer group average of 4.23%.

Portfolio Pulse from Benzinga Insights

January 24, 2024 | 5:15 pm

BTCUSD

Despite Bitcoin's (BTC) recent dip below $40,000, technical analysts remain optimistic about an upcoming rebound. The cryptocurrency experienced a 10% drop from highs near $48,000, but analysts like Ali Charts and CryptoDonAlt view the pullback as temporary, citing the 'Sentiment Cycle' and a bullish chart pattern. While opinions vary, with some expecting further declines, others, including ARK Invest CEO Cathie Wood, are bullish on Bitcoin's long-term prospects, especially with the upcoming Bitcoin halving event.

Portfolio Pulse from Khyathi Dalal

January 24, 2024 | 5:10 pm

ANVS

EVAX

GETR

SPRC

U.S. stocks traded higher, with the Nasdaq Composite up by 150 points. The Dow and S&P 500 also saw gains. Crude oil prices rose over 1% after a significant drop in U.S. crude oil inventories. DuPont's shares plunged by 12% following preliminary Q4 and full-year 2023 results and Q1 guidance. Getaround, Evaxion Biotech, and SciSparc saw their shares surge due to financing news and stake acquisition. BlackBerry and Annovis Bio shares fell due to a private offering announcement and a postponed study data release, respectively.

Portfolio Pulse from Avi Kapoor

January 24, 2024 | 5:04 pm

PARA

Paramount Global's (NYSE:PARA) short interest has decreased by 11.04% since the last report, with 70.59 million shares sold short, representing 12.25% of the float. It would take about 3.82 days to cover all short positions. A decrease in short interest can indicate a more bullish sentiment among investors. Paramount has a higher short interest than its peer group average of 5.07%.

Portfolio Pulse from Benzinga Insights

January 24, 2024 | 5:00 pm

MNST

Monster Beverage (NYSE:MNST) has seen a 9.5% decrease in short interest since its last report, with 11.83 million shares sold short, representing 1.81% of available shares. The average time to cover these short positions is 3.0 days. A decrease in short interest can indicate a more bullish sentiment towards the stock. Compared to its peers, Monster Beverage has a lower short interest as a percentage of float, with the peer group average at 7.36%.

Portfolio Pulse from Benzinga Insights

January 24, 2024 | 5:00 pm

IVZ

Keefe, Bruyette & Woods has maintained its Outperform rating for Invesco (NYSE:IVZ) but lowered its price target from $21.00 to $19.50. Invesco's shares are currently trading at $16.02, and the new price target suggests a potential upside of 21.72%. Invesco is an investment management firm with $1.451 trillion in AUM, offering a mix of equity, fixed-income, alternative investment, and money market operations.

Portfolio Pulse from Benzinga Insights

January 24, 2024 | 5:00 pm

BTCUSD

GBTC

Grayscale's Bitcoin Trust (GBTC) has transferred over 100K BTC to exchanges since the launch of spot Bitcoin ETFs on Jan. 11. The majority of these transfers were to Coinbase Prime for sale. GBTC reduced its management fee to 1.50%, still higher than competitors, leading to over $1 billion in daily AUM outflows. Bitcoin's price fell below $40,000, influenced by these sales and other factors. FTX's sale of 22 million GBTC shares did not slow the outflow.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 4:59 pm

FXI

Flight data indicates that a Boeing 737 Max for China Southern Airlines is scheduled to depart from Seattle at 9 a.m. PT on Wednesday, according to Reuters citing FlightRadar 24.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 4:48 pm

GBTC

Cathie Wood, founder of Ark Invest, remains bullish on Bitcoin despite the recent sell-off, viewing it as a significant investment. In a CNBC interview, she highlighted Bitcoin's importance in creating a global monetary system and its accessibility through an ETF. Wood acknowledged a sell-off post-ETF launch, partly due to FTX selling nearly $1 billion in GBTC. She maintains a positive outlook for Bitcoin's future value, with a high price target set for 2030.

Portfolio Pulse from Murtuza Merchant

January 24, 2024 | 4:42 pm