Streetbeat News

Assets

TRV

Travelers Companies (NYSE:TRV) has seen a 6.5% increase in short interest since its last report, with 2.98 million shares sold short, representing 1.31% of its float. It would take about 2.37 days to cover all short positions. While an increase in short interest can indicate bearish sentiment, TRV has less short interest compared to its peer group average of 1.76%. Short interest can also be a bullish indicator, as explained in a Benzinga Money post.

Portfolio Pulse from Benzinga Insights

December 05, 2023 | 5:45 pm

ARRY

AVAV

BLDR

CDAY

DAL

DDD

GEO

HTZ

UPS

Benzinga's options activity scanner has identified significant whale activity in the Industrials sector, indicating potential trading opportunities. The activity includes both bullish and bearish sentiments across various companies, with options trades and sweeps on puts and calls. Notable transactions were observed for CDAY, GE, GEO, DDD, HTZ, ARRY, DAL, AVAV, UPS, and BLDR, with varying expiration dates, strike prices, and trade volumes.

Portfolio Pulse from Benzinga Insights

December 05, 2023 | 5:35 pm

AAPL

AMZN

GOOGL

MUSQ

SONY

SPOT

Apple Inc's (AAPL) stock surged over 2.5% on Tuesday, contributing to the S&P 500's stability despite Moody's downgrade of China's credit outlook. Technical analysis suggests AAPL could reach new highs if a Santa Rally occurs. The MUSQ Global Music Industry ETF (MUSQ), which holds AAPL, is also showing a bullish pattern. Apple's services division, including Apple Music, reported strong Q4 earnings. The music streaming industry is booming, with a projected value of $151.4 billion by 2030. MUSQ seeks to capitalize on this growth, with top holdings including AMZN, AAPL, GOOGL, SONY, and SPOT.

Portfolio Pulse from Melanie Schaffer

December 05, 2023 | 5:27 pm

COIN

Coinbase shares (COIN) are experiencing an uptick due to a surge in Bitcoin prices, positively affecting crypto-related stocks. Needham has also increased its price target for Coinbase from $120 to $160, further boosting investor confidence.

Portfolio Pulse from Benzinga Newsdesk

December 05, 2023 | 5:17 pm

BIGTIME

BTCUSD

ETHUSD

ORDI

Over $335 million was liquidated in the altcoin market, with significant losses involving Big Time (BIGTIME) and Ordi Protocol (ORDI) tokens. Bitcoin (BTC) and Ether (ETH) saw $85 million in liquidations, while ORDI and Bigtime experienced $15 million and $12 million, respectively. The liquidations affected both long and short positions amid price fluctuations. The interest in Bitcoin-linked tokens and crypto gaming platforms has driven up the prices of ORDI and Bigtime tokens by 580% and 400%, respectively. Other tokens like Celestia (TIA) and Memeland (MEME) also saw losses, as did Terra ecosystem tokens LUNC, USTC, and LUNA.

Portfolio Pulse from Murtuza Merchant

December 05, 2023 | 4:57 pm

VRTX

Vertex Pharmaceuticals (NASDAQ: VRTX) has delivered an average annual return of 19.33% over the past 15 years, outperforming the market. A $100 investment in VRTX 15 years ago would be worth $1,447.96 today. The company's market capitalization stands at $90.07 billion.

Portfolio Pulse from Benzinga Insights

December 05, 2023 | 4:30 pm

SCGLY

Societe Generale (OTC:SCGLY) has issued its first digital green bond on the Ethereum blockchain, worth $11 million, through its subsidiary SG-Forge. The bond, with a three-year maturity, is aimed at financing ESG-classified products and companies. It was fully subscribed by AXA Investment Managers and Generali Investments using Société Générale’s EUR CoinVertible stablecoin. The use of Ethereum's blockchain is noted for its low greenhouse gas emissions, and the bond offers transparency and efficiency in transactions.

Portfolio Pulse from Khyathi Dalal

December 05, 2023 | 4:15 pm

MDLZ

Mondelez International (MDLZ) has seen a 13.86% increase in short interest since its last report, with 15.57 million shares sold short, representing 1.15% of available shares. It would take about 2.07 days to cover all short positions. While an increase in short interest can indicate bearish sentiment, MDLZ has less short interest compared to its peers' average of 5.03%. The rise in short interest doesn't necessarily predict a near-term price drop.

Portfolio Pulse from Benzinga Insights

December 05, 2023 | 4:00 pm

UNH

UnitedHealth Group (NYSE:UNH) has delivered an average annual return of 16.19% over the past 20 years, outperforming the market. A $1000 investment in UNH 20 years ago would be worth $20,382.70 today. The company's current market capitalization stands at $506.66 billion.

Portfolio Pulse from Benzinga Insights

December 05, 2023 | 4:00 pm

AAPL

The article provides an analysis of Apple Inc. (NASDAQ:AAPL) in comparison to its competitors in the Technology Hardware, Storage & Peripherals industry. It highlights Apple's financial metrics such as P/E, P/B, P/S ratios, ROE, EBITDA, gross profit, and revenue growth. Apple's P/E ratio is below the industry average, suggesting potential value, while its P/B and P/S ratios are significantly higher, indicating a premium valuation. Apple's ROE is substantially above the industry average, reflecting efficient profit generation. However, Apple's revenue growth is lower than the industry average, signaling a potential decline in sales performance. The article also notes Apple's moderate debt-to-equity ratio compared to its top 4 peers.

Portfolio Pulse from Benzinga Insights

December 05, 2023 | 4:00 pm