Streetbeat News

Assets

A significant bearish stance has been taken on JD.com (NASDAQ:JD) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is 15% bullish and 84% bearish. The whales have been targeting a price range from $20.0 to $35.0 for JD.com over the last 3 months. The current price of JD.com is up 3.18% at $26.63. Several financial institutions have maintained their Buy rating on JD.com with varying price targets.

Portfolio Pulse from Benzinga Insights

November 03, 2023 | 2:45 pm

WCN

Waste Connections (NYSE:WCN) has outperformed the market over the past 20 years, producing an average annual return of 15.95%. If an investor had bought $1000 of WCN stock 20 years ago, it would be worth $19,222.37 today. The company currently has a market capitalization of $34.21 billion.

Portfolio Pulse from Benzinga Insights

November 03, 2023 | 2:30 pm

Deere (NYSE:DE) has outperformed the market over the past 5 years by 11.79% on an annualized basis, producing an average annual return of 21.35%. If an investor had bought $1000 of DE stock 5 years ago, it would be worth $2,683.07 today.

Portfolio Pulse from Benzinga Insights

November 03, 2023 | 2:30 pm

SPY

Federal Reserve's Barkin has stated that office and older office real estate are under pressure, according to Reuters. This could potentially impact the real estate market and related ETFs.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 2:27 pm

CVX

DRIP

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LHX

LMT

MRO

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OXY

RTX

UTEN

XOM

The ongoing Israel-Hamas conflict has escalated with Hezbollah and Houthi expected to join the war. The situation has raised concerns about potential impacts on European economies due to lower regional trade, tighter financial conditions, higher energy prices, and lower consumer confidence. Goldman Sachs has expressed concern that crude oil prices could rise to more than $150 a barrel if the conflict escalates. The US dollar index has dipped but remains above the 200-day moving average, indicating a bullish outlook. Treasury yields are on a downward trajectory, signaling increased demand for bonds.

Portfolio Pulse from Anthony Noto

November 03, 2023 | 2:25 pm

A significant amount of unusual options activity has been detected for Citigroup (NYSE:C), with a notably bearish stance. Of the 12 strange trades detected, 16% were opened with bullish expectations and 83% with bearish. Whales have been targeting a price range from $22.5 to $47.5 for Citigroup over the last 3 months. The price of Citigroup is currently up 3.68% at $42.32. Analysts from Oppenheimer, BMO Capital, and Piper Sandler have maintained their ratings on Citigroup, with price targets of $82, $66, and $45 respectively.

Portfolio Pulse from Benzinga Insights

November 03, 2023 | 2:15 pm

BTCUSD

MARA

Marathon Digital Holdings has announced its Bitcoin production and mining operation updates for October 2023. The company produced 1,202 BTC in October and 9,812 BTC year-to-date. The energization of Garden City is underway, with full 4.1 EH/s expected by the end of November. The combined unrestricted cash and Bitcoin was $620 million as of October 31, 2023.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 2:02 pm

AMD

Advanced Micro Devices (NASDAQ:AMD) has outperformed the market over the past 20 years by 2.48% on an annualized basis, producing an average annual return of 9.83%. If an investor had bought $1000 of AMD stock 20 years ago, it would be worth $6,442.29 today.

Portfolio Pulse from Benzinga Insights

November 03, 2023 | 2:00 pm

MELI

MercadoLibre (NASDAQ:MELI) has outperformed the market over the past 15 years by 26.54% on an annualized basis, producing an average annual return of 37.39%. If an investor had bought $1000 of MELI stock 15 years ago, it would be worth $112,239.51 today.

Portfolio Pulse from Benzinga Insights

November 03, 2023 | 2:00 pm

NVDA

Nvidia Corp (NASDAQ:NVDA) has seen its stock rise over 200% this year due to exceeding investor expectations and consistent EPS and revenue beats. The company dominates 80% of the AI chip market. However, data shows a decline in hedge fund and institutional ownership of Nvidia stock. The top 5 institutional holders have decreased their ownership in the last reported quarter. The reasons for this trend could be profit-taking, expectations of a downtrend, or unheeded warning signs.

Portfolio Pulse from Surbhi Jain

November 03, 2023 | 1:55 pm