Streetbeat News

Assets

NEE

A significant investor has taken a bearish stance on NextEra Energy (NYSE:NEE), with 75% of recent trades being bearish. The trades include 12 puts amounting to $613,066 and 4 calls amounting to $855,833. The targeted price range for NextEra Energy over the last 3 months is $55.0 to $70.0. The current price of NEE is up 2.18% at $57.69, and the next earnings are expected in 90 days.

Portfolio Pulse from Benzinga Insights

October 26, 2023 | 3:48 pm

RSHO

STLA

TSLA

VWDRY

The US manufacturing sector, once a foundational sector, is seeing a potential resurgence driven by the demand for sustainable and green manufacturing. Companies like Tesla and Vestas are leading the way with their sophisticated and technical manufacturing capabilities. Stellantis NV has also made significant strides by opening a state-of-the-art auto plant in Detroit. The Tema American Reshoring ETF is a thematic fund dedicated to investing in companies driving this trend.

Portfolio Pulse from Johnny Rice

October 26, 2023 | 3:36 pm

PEP

Unusual options activity has been observed for PepsiCo (NASDAQ:PEP), with a large position indicating a bullish stance. The sentiment among these big-money traders is split between 53% bullish and 46% bearish. The whales have been targeting a price range from $100.0 to $170.0 for PepsiCo over the last 3 months. Analysts from Wells Fargo, JP Morgan, Citigroup, Wedbush, and DZ Bank have maintained or adjusted their ratings and price targets for PepsiCo.

Portfolio Pulse from Benzinga Insights

October 26, 2023 | 3:31 pm

AAPL

AMZN

GOOG

META

MSFT

NVDA

QQQ

SPY

TSLA

Meta Platforms Inc reported strong earnings, but the stock fell due to market mechanics and economic uncertainty. The company's stock fell as it pointed out that Meta is an advertising business and the economic environment is uncertain. The stock market's reaction to Meta's earnings is similar to its reaction to Alphabet's earnings. The economy is running hot with Q3 GDP-Adv at 4.9% vs. 4.7% consensus and durable orders at 4.7% vs. 1.5% consensus. Money flows are positive in Meta but negative in Apple, Amazon, Alphabet, Microsoft, NVIDIA, and Tesla. Money flows are mixed in SPDR S&P 500 ETF Trust and Invesco QQQ Trust Series 1.

Portfolio Pulse from The Arora Report

October 26, 2023 | 3:20 pm

SCHW

A significant investor has taken a bearish stance on Charles Schwab (NYSE:SCHW), with 100% of recent unusual trades being bearish. The trades include 3 puts and 7 calls, with a total value of $691,335. The targeted price range for Charles Schwab over the last 3 months is $45.0 to $60.0. The current price of SCHW is up 4.42% at $51.55. Analysts from JP Morgan, Barclays, Morgan Stanley, and JMP Securities have maintained their ratings on Charles Schwab, with price targets ranging from $55 to $85.

Portfolio Pulse from Benzinga Insights

October 26, 2023 | 3:17 pm

INTU

A significant bearish stance has been taken on Intuit (NASDAQ:INTU) as indicated by unusual options activity. The sentiment among big-money traders is split between 30% bullish and 70% bearish. Whales have been targeting a price range from $490.0 to $740.0 for Intuit over the last 3 months. Piper Sandler, Wolfe Research, HSBC, and Wells Fargo have given price targets of $642, $660, $520, and $575 respectively.

Portfolio Pulse from Benzinga Insights

October 26, 2023 | 3:17 pm

QNTUSD

Cryptocurrency Quant (QNT) has seen a price increase of 5.27% in the last 24 hours, reaching $106.27. This continues its positive trend over the past week, with a 24.0% gain. The trading volume for the coin has increased 170.0% over the past week, while the overall circulating supply has decreased 0.31%. The current market cap ranking for QNT is #37 at $1.53 billion.

Portfolio Pulse from Benzinga Insights

October 26, 2023 | 3:00 pm

BCHUSD

Bitcoin Cash (CRYPTO: BCH) has seen a 4.72% drop in price over the past 24 hours, falling to $245.28. This is in contrast to its positive trend over the past week, where it has gained 8.0%. The trading volume of Bitcoin Cash has increased by 34.0% over the past week, and the circulating supply has increased by 0.38%, bringing it to 19.54 million, which is 93.06% of its max supply of 21.00 million. The current market cap ranking for BCH is #18 at $4.79 billion.

Portfolio Pulse from Benzinga Insights

October 26, 2023 | 3:00 pm

BTCUSD

DOGEUSD

Dogecoin (CRYPTO: DOGE) is experiencing a rally, driven by broader optimism in the crypto market and a recent surge in Bitcoin (CRYPTO: BTC) prices. Major financial firms, including Blackrock and JPMorgan, have amended ETF applications in anticipation of a potential spot Bitcoin ETF. Dogecoin's price has increased by over 23% in the last week and nearly 8% in the last 24 hours. The coin remains popular among retail traders and is trending on Stocktwits.

Portfolio Pulse from Adam Eckert

October 26, 2023 | 2:57 pm

BTCUSD

ETHUSD

SPY

SEC Chair Gensler has announced that there are 8-10 filings in front of the commission regarding possible exchange traded products for Bitcoin. This could potentially lead to the introduction of Bitcoin ETFs.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 2:36 pm