Streetbeat News

Assets

GM

A significant amount of unusual options activity has been observed for General Motors (NYSE:GM), with a majority of investors taking a bearish stance. The targeted price range for GM over the last 3 months has been between $25.0 and $35.0. The current price of GM is down by 1.43% at $31.03. Analysts from UBS, Citigroup, and Wells Fargo have maintained their Buy and Underweight ratings respectively, while CFRA has upgraded its action to Sell.

Portfolio Pulse from Benzinga Insights

October 11, 2023 | 8:33 pm

BITF

Geoff Morphy, President and COO of Bitfarms (NASDAQ:BITF), is set to speak at Benzinga's Future of Digital Assets conference on November 14. Morphy, who has over 35 years of experience in senior management roles across various sectors, will discuss the future trajectory of crypto mining and how sustainability will intertwine with its growth.

Portfolio Pulse from Murtuza Merchant

October 11, 2023 | 8:22 pm

ELLO

Ellomay Capital has announced that it does not anticipate any significant impact on the timeline for the construction of its Pumped Storage Project in Israel.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2023 | 8:21 pm

ELLO

Ellomay Capital has announced that construction works at its pumped storage project site in the Manara Cliff, Israel have been halted, according to a filing.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2023 | 8:19 pm

BTCUSD

ETHUSD

Crypto whales have sold over 5 million ETH, worth approximately $8.5 billion, since February 2023, according to crypto analyst Ali Martinez. There hasn't been any discernible shift toward ETH accumulation from these major players, indicating a continued selling trend. Martinez also noted that Ethereum is hovering above a critical demand zone and a daily close below the $1,530 mark could indicate a sharp correction in Ethereum's value. He also hinted at a potential 5% correction in BTC, potentially heading to $26,200.

Portfolio Pulse from Murtuza Merchant

October 11, 2023 | 8:02 pm

OXY

A significant amount of unusual options activity has been observed for Occidental Petroleum (NYSE:OXY), with a mix of bullish and bearish stances. Whales have been targeting a price range from $62.5 to $75.0 for the company over the last 3 months. The current price of OXY is down -1.17% at $63.23. Analysts from Mizuho maintain a Buy rating with a price target of $76, while Roth MKM downgraded to Neutral with a price target of $60, and UBS maintains a Neutral rating with a price target of $74.

Portfolio Pulse from Benzinga Insights

October 11, 2023 | 7:46 pm

IYR

OPEN

RKT

Z

Investor Anthony Pompliano warns that housing affordability in the U.S. has become a national crisis, with Goldman Sachs' home affordability index at its lowest in 26 years. Mortgage rates have risen to 8%, the highest in 20 years, leading to higher monthly payments. The real estate and housing industry have been negatively impacted, with Zillow Group, Opendoor Technologies, and Rocket Companies seeing significant stock declines. The iShares US Real Estate ETF is also down 7% YTD.

Portfolio Pulse from Aaron Bry

October 11, 2023 | 7:30 pm

AU

GFI

HMY

MUX

Shares of gold companies are trading higher as gold prices rise due to conflict in the Middle East, which is causing a flight to safe-haven assets.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2023 | 6:47 pm

SPY

U.S. President Biden is set to announce a $750 million investment in a regional hydrogen hub, Mach2, which includes parts of New Jersey, Delaware, and Pennsylvania. This move is part of the administration's efforts to boost clean energy and reduce carbon emissions.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2023 | 6:35 pm

PSHG

Sphinx Investment Corp has been revealed to hold an 8.8% stake in Performance Shipping according to a 13G filing.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2023 | 6:17 pm