Streetbeat News

Assets

OPAL

OPAL Fuels Inc. (NASDAQ:OPAL) announced that its CFO, Ann Anthony, intends to resign to pursue another opportunity. Scott Contino, CFO of the company's sponsor, Fortistar, has been appointed as interim CFO. The company has begun searching for a permanent CFO. Contino has been involved with OPAL Fuels since its inception and previously served as the CFO of its predecessor parent company.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 8:57 pm

GDXJ

IHI

KWEB

VDC

Medium-cap ETFs with AUM between $2 billion and $10 billion were screened for weekly returns. Winners include VanEck Gold Miners ETF (GDXJ) and KraneShares CSI China Internet ETF (KWEB), up 8.24% and 8.03% respectively. Losers include iShares U.S. Medical Devices ETF (IHI) and Vanguard Consumer Staples ETF (VDC), down 2.83% and 1.87% respectively.

Portfolio Pulse from Johnny Rice

October 12, 2023 | 8:57 pm

ARKK

NVDA

TARK

TSLA

Cathie Wood, head of ARK Invest, is known for her forward-thinking investing approach, focusing on disruptive technologies. She bought stock in Tesla and NVIDIA in 2016. ARK Invest offers 8 US-listed ETFs, including ARK Innovation ETF, ARK Genomic Revolution ETF, ARK Next Generation Internet ETF, ARK Autonomous Technology & Robotics ETF, ARK Fintech Innovation ETF, ARK Space Exploration & Innovation ETF, 3D Printing ETF, and ARK Israel Innovative Technology ETF. The firm's funds have consistently outperformed the market, but are more prone to downswings. The AXS 2X Innovation ETF aims to return twice the daily return of ARKK.

Portfolio Pulse from Johnny Rice

October 12, 2023 | 8:47 pm

HUM

A significant bullish stance has been taken on Humana (NYSE:HUM) by a large investor, as indicated by a large position in the company's options. The sentiment among these big-money traders is 80% bullish and 20% bearish. The targeted price range for Humana over the last three months has been $440.0 to $520.0. Cantor Fitzgerald has downgraded its action to Overweight with a price target of $597, while Jefferies has maintained their Buy rating with a price target of $586.

Portfolio Pulse from Benzinga Insights

October 12, 2023 | 8:46 pm

BCS

Barclays has appointed Michael Del Giudice as Chairman of Financial Sponsors Group. Del Giudice, who has over 30 years of investment banking experience, will be based in New York and report to Jean-Francois Astier, Global Head of Financial Sponsors Group. He was most recently a senior Managing Director in Citi's Global Asset Management group. The appointment is part of Barclays' strategy to expand its footprint and capabilities in the financial sponsors space.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 8:40 pm

SYY

Sysco has announced the groundbreaking of its new 353,600-square-foot facility, Sysco Arizona East. The $102 million investment is set to begin construction this Fall and is expected to be operational by Spring 2025.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 8:34 pm

REYN

Reynolds Consumer Products has announced the appointment of Scott Huckins as CFO, effective from November 13, 2023. Current CFO, Michael Graham, will shift to an advisory role until his retirement in February 2024.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 8:30 pm

COIN

CRPT

MSTR

Anthony Scaramucci, founder of SkyBridge Capital, believes Bitcoin could reach $150K to $250K with the launch of Bitcoin ETFs. He has invested hundreds of millions in the cryptocurrency space, including Bitcoin holdings on SkyBridge and his personal balance sheet. Scaramucci also partnered with FirstTrust to launch the FirstTrust SkyBridge Crypto Industry and Digital Economy ETF (NYSE:CRPT) in 2021. The ETF includes companies linked to digital assets, such as MicroStrategy Inc (NYSE:MSTR), Coinbase Global (NASDAQ:COIN), Riot Platforms (NASDAQ:RIOT), Marathon Digital Holdings (NASDAQ:MARA), and Galaxy Digital Holdings (OTC:BRPHF).

Portfolio Pulse from Chris Katje

October 12, 2023 | 8:25 pm

CHWY

Chewy, Inc. (NYSE:CHWY) shares traded lower due to overall market weakness amid a rise in Treasury yields following CPI data. The CPI rose by 3.7% year-on-year, exceeding the expected figure of 3.6%. This created a risk-averse sentiment in investors, impacting Chewy's stock. The company's stock is trading near its all-time low.

Portfolio Pulse from Ryan Gustafson

October 12, 2023 | 8:14 pm

SPY

Federal Reserve's Collins has stated that the current phase of monetary policy requires patience. The recent Consumer Price Index (CPI) data suggests that it will take time to bring inflation back down. Collins also mentioned that it is too early to say if inflation is on a sustainable path to the 2% target.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 8:04 pm