Streetbeat News

Assets

Unusual options activity has been observed for BP (NYSE:BP), with a bearish sentiment among big-money traders. Benzinga's options scanner spotted 10 uncommon options trades for BP, split between 40% bullish and 60% bearish. The big players have been eyeing a price window from $13.0 to $40.0 for BP during the past quarter. The current price of BP is up by 1.12%, reaching $34.85. An analyst from Raymond James holds an Outperform rating for BP, targeting a price of $43.

Portfolio Pulse from Benzinga Insights

November 09, 2023 | 4:31 pm

COIN

MARA

META

NVDA

RIOT

TSLA

Bitcoin's market capitalization has surpassed Tesla's, reaching $750 billion, and now exceeds that of 494 companies in the S&P 500. This surge is driven by optimism about the approval of a Bitcoin ETF by year-end. Bitcoin's price has surged by 130% since the beginning of the year, outpaced only by NVIDIA and Meta Platforms in the S&P 500's company rankings based on year-to-date gains. Bitcoin-related stocks such as Marathon Digital Holdings, Riot Platforms, and Coinbase surged 18%, 13%, and 10% respectively.

Portfolio Pulse from Piero Cingari

November 09, 2023 | 4:20 pm

PDD

High-rolling investors have shown bullish sentiment towards PDD Holdings (NASDAQ:PDD), with significant options trading activity observed. Benzinga's options scanner spotted 13 options trades for PDD Holdings, with 61% bullish and 38% bearish sentiment. Major market movers are focusing on a price band between $45.0 and $135.0 for PDD Holdings. The company's trading volume stands at 991,784, with its price up by 0.94%, positioned at $110.68. Two experts released ratings on this stock with an average target price of $146.0.

Portfolio Pulse from Benzinga Insights

November 09, 2023 | 4:02 pm

BIDU

Baidu (NASDAQ:BIDU), the largest internet search engine in China, is compared with its peers in the Interactive Media & Services industry. Baidu's Price to Earnings, Price to Book, and Price to Sales ratios are lower than the industry average, suggesting potential undervaluation. However, its Return on Equity is lower than the industry average, indicating potential inefficiency. Baidu's EBITDA, gross profit, and revenue growth are higher than the industry average, indicating strong financial performance and potential for future growth.

Portfolio Pulse from Benzinga Insights

November 09, 2023 | 4:00 pm

AMAT

The article provides a comprehensive comparison of Applied Materials (AMAT) and its competitors in the Semiconductors & Semiconductor Equipment industry. AMAT's P/E ratio is significantly below the industry average, suggesting undervaluation. However, its P/B and P/S ratios are above the industry average, indicating potential overvaluation in terms of book value and sales performance. AMAT's ROE, EBITDA, gross profit, and revenue growth are higher than its industry peers, indicating strong financial performance and growth potential. The company also has a lower debt-to-equity ratio compared to its top 4 peers.

Portfolio Pulse from Benzinga Insights

November 09, 2023 | 4:00 pm

ADSK

The article provides an in-depth analysis of Autodesk (NASDAQ:ADSK) and compares it with its competitors in the software industry. Autodesk's P/E ratio is lower than the industry average, indicating potential undervaluation. However, its P/B ratio is higher, suggesting overvaluation in terms of book value. The company's P/S ratio is lower than the industry average, indicating potential undervaluation based on sales performance. Autodesk's ROE is higher than the industry average, suggesting efficient use of equity. However, its EBITDA and gross profit are lower than the industry average, indicating potential lower profitability. The company's revenue growth is also below the industry average.

Portfolio Pulse from Benzinga Insights

November 09, 2023 | 4:00 pm

AAPL

AMZN

BTCUSD

GLD

GOOG

META

MSFT

NVDA

QQQ

SLV

SPY

TSLA

USO

The US has temporarily gained an edge in the Middle East conflict, leading to a drop in oil prices and speculation of the Fed cutting rates. Jobless claims remain strong, indicating a robust jobs market. China is facing deflation with October CPI falling 0.1%. Early trade money flows are positive for Amazon, Alphabet, Meta Platforms, Microsoft, and NVIDIA, but negative for Tesla and Apple. Money flows are mixed for SPDR S&P 500 ETF Trust and Invesco QQQ Trust Series 1. Bitcoin has moved over $37,000, with retail investors speculating a rise to $40,000.

Portfolio Pulse from The Arora Report

November 09, 2023 | 3:28 pm

BTCUSD

Bitcoin (BTC) crossed $37,000 in early Asian trading hours, with nearly $50 million in BTC liquidations reported within a four-hour period. This price surge is attributed to a short squeeze and the SEC's potential approval of 12 separate spot Bitcoin ETFs over the next week. Trading volumes expanded by 57.2% and the market cap increased by 6.4% in the last 24 hours. More than $21 million in shorts were washed away on futures exchanges BitMEX, OKX, and Binance.

Portfolio Pulse from Khyathi Dalal

November 09, 2023 | 3:19 pm

BTCUSD

MSTR

MicroStrategy Incorporated (NASDAQ:MSTR) shares are trading higher, reaching a new 52-week high of $518 per share, in sympathy with Bitcoin (CRYPTO: BTC). The company holds 152,800 bitcoins, acquired for a total cost of $4.53 billion. The potential approval of a spot Bitcoin ETF is pushing the price of Bitcoin higher. MSTR shares have gained more than 16% over the last five days and more than 54% over the last month. 25.98% of available MSTR shares are being sold short.

Portfolio Pulse from Erica Kollmann

November 09, 2023 | 3:10 pm

AVAXUSD

Cryptocurrency Avalanche (AVAX) has seen a price increase of 8.52% in the past 24 hours, continuing its positive trend over the past week with a 20.0% gain. However, the trading volume for the coin has fallen 25.0% over the past week, along with a 1.25% decrease in circulating supply. The current market cap ranking for AVAX is #21 at $4.92 billion.

Portfolio Pulse from Benzinga Insights

November 09, 2023 | 3:02 pm