Streetbeat News

Assets

BIL

IEF

SHY

TLT

VGLT

The October jobs report missed expectations, with non-farm payrolls increasing by 150,000 jobs, a steep decline from September's 297,000 jobs. This led to a decrease in Treasury yields and gains in exchange-traded funds invested in T-bonds. iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT), Vanguard Long-Term Treasury ETF (NASDAQ:VGLT), iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF), SPDR Bloomberg 1-3 Month T-Bill ETF (NYSE:BIL), and iShares 1-3 Year Treasury Bond ETF (NASDAQ:SHY) all recorded gains.

Portfolio Pulse from Surbhi Jain

November 03, 2023 | 3:41 pm

TMUS

Verizon Communications Inc's shares have been trading higher due to three key catalysts: investment in broadband, fiber, and cellular assets, increased free cash flow, and increased competitiveness. The company's postpaid phone churn rate is lower than T-Mobile's, indicating customer satisfaction. Verizon's free cash flow has increased significantly, reaching $6.7 billion and $14.6 billion in year-to-date. The company's gross margin has increased due to aggressive infrastructure development, and its dividend yield is higher than rivals AT&T and T-Mobile.

Portfolio Pulse from Surbhi Jain

November 03, 2023 | 3:33 pm

GOOGL

Alphabet (NASDAQ:GOOGL) has outperformed the market over the past 10 years, producing an average annual return of 17.72%. An investment of $1000 in GOOGL stock 10 years ago would be worth $5,038.38 today. The company currently has a market capitalization of $1.60 trillion.

Portfolio Pulse from Benzinga Insights

November 03, 2023 | 3:30 pm

Mastercard (NYSE:MA) has outperformed the market over the past 15 years, producing an average annual return of 24.58%. If an investor had bought $1000 of MA stock 15 years ago, it would be worth $26,114.53 today.

Portfolio Pulse from Benzinga Insights

November 03, 2023 | 3:30 pm

AAPL

AMZN

GOOG

META

MSFT

NVDA

QQQ

SPY

TSLA

The article suggests deploying more cash and reducing hedges based on the presumption that market mechanics will continue to drive the stock market to the upside. However, geopolitical risks and new data may cause a reversal of this call. Apple Inc. (AAPL) has lowered its revenue guidance, but the stock remains in the support/resistance zone. The article also mentions that Apple's hedges have become profitable. Money flows are positive in several tech companies including Amazon.com, Inc. (AMZN), Alphabet Inc Class C (GOOG), Meta Platforms Inc (META), Microsoft Corp (MSFT), NVIDIA Corp (NVDA), and Tesla Inc (TSLA). The article also mentions positive money flows in SPDR S&P 500 ETF Trust (SPY) and Invesco QQQ Trust Series 1 (QQQ).

Portfolio Pulse from The Arora Report

November 03, 2023 | 3:28 pm

JPM

A significant investor has taken a bearish stance on JPMorgan Chase (NYSE:JPM), with 73% of the detected trades being bearish. The whales have been targeting a price range from $100.0 to $150.0 for JPMorgan Chase over the last 3 months. The price of JPM is up 0.95% at $142.76. Analysts from Oppenheimer, Morgan Stanley, BMO Capital, and Piper Sandler have maintained their positive ratings on JPMorgan Chase.

Portfolio Pulse from Benzinga Insights

November 03, 2023 | 3:15 pm

PANW

A significant number of investors have taken a bearish stance on Palo Alto Networks (NASDAQ:PANW), with 78% of detected trades showing bearish expectations. Whales have been targeting a price range from $176.67 to $280.0 for the company over the last 3 months. The current price of PANW is down -2.28% at $244.66. Keybanc maintains an Overweight rating on Palo Alto Networks with a price target of $315, while Needham and JMP Securities have downgraded their actions with price targets of $305 and $300 respectively.

Portfolio Pulse from Benzinga Insights

November 03, 2023 | 3:15 pm

CROUSD

Cryptocurrency Cronos (CRO) has seen a price increase of 3.1% in the last 24 hours, continuing its positive trend over the past week with an 11.0% gain. The trading volume for the coin has increased 162.0% over the past week, while the overall circulating supply of the coin has decreased 0.03%. The current market cap ranking for CRO is #34 at $1.73 billion.

Portfolio Pulse from Benzinga Insights

November 03, 2023 | 3:00 pm

ADAUSD

Cardano's (CRYPTO: ADA) price has increased by 3.82% in the last 24 hours to $0.32, and by over 11% in the past week. The trading volume for the coin has climbed 130% over the past week, while the circulating supply has decreased by 0.9% to 34.93 billion. The current market cap ranking for ADA is #9 at $11.20 billion.

Portfolio Pulse from Benzinga Insights

November 03, 2023 | 3:00 pm

Micron Technology (NASDAQ:MU) has outperformed the market over the past 20 years by 1.5% on an annualized basis, producing an average annual return of 8.85%. If an investor had bought $1000 of MU stock 20 years ago, it would be worth $5,362.51 today.

Portfolio Pulse from Benzinga Insights

November 03, 2023 | 3:00 pm