Streetbeat News

Assets

ETHUSD

On Sunday, 1,349.79 Ether (ETH) worth $2,130,325 was burned from Ethereum transactions. This follows the Ethereum blockchain's upgrade known as EIP-1159, which changed the fee model and burns a base fee from each transaction, permanently removing it from circulation. This is expected to make ETH a deflationary currency once the Ethereum 2.0 upgrade is implemented, which will decrease the issuance rate of new Ether from 4% per year to around 0.5-1%.

Portfolio Pulse from Benzinga Insights

October 09, 2023 | 6:00 pm

SRE

Sempra's (NYSE:SRE) short percent of float has fallen 11.83% since its last report, with 5.19 million shares sold short, which is 0.82% of all regular shares available for trading. It would take traders 2.35 days to cover their short positions on average. The company has less short interest than most of its peers, with the peer group average for short interest as a percentage of float being 2.27%.

Portfolio Pulse from Benzinga Insights

October 09, 2023 | 5:45 pm

ANF

CROX

LULU

PENN

RGR

RIVN

TSLA

VFS

The article reports on the options activity of 10 consumer discretionary stocks, including Tesla (TSLA), VFS, Ford (F), Rivian (RIVN), Penn National Gaming (PENN), Lululemon Athletica (LULU), Sturm, Ruger & Company (RGR), Crocs (CROX), Abercrombie & Fitch (ANF), and Home Depot (HD). The options activity is tracked by Benzinga's options activity scanner, which monitors the transactions of entities with large sums of money, known as 'whales'. The article provides detailed information on the type of options activity (call or put), the sentiment (bullish, bearish, or neutral), the expiration date, the strike price, the total trade price, the open interest, and the volume for each stock.

Portfolio Pulse from Benzinga Insights

October 09, 2023 | 5:35 pm

AAPL

ARM

CRWD

CSCO

INFY

MSFT

NVDA

ORCL

SNOW

Benzinga's options activity scanner has identified unusual trading activity in 10 Information Technology stocks. The stocks include NVDA, AAPL, SNOW, CRWD, ARM, MSFT, CSCO, ZM, ORCL, and INFY. The scanner tracks large transactions, often made by entities with significant funds, which could indicate potential trading opportunities. The activity includes both bullish and bearish sentiments, with varying expiration dates and strike prices.

Portfolio Pulse from Benzinga Insights

October 09, 2023 | 5:35 pm

MDLZ

A significant investor has taken a bearish stance on Mondelez International (NASDAQ:MDLZ), with 73% of recent trades being bearish. The majority of these trades are puts, totaling $3,223,487, compared to $208,556 in calls. Whales have been targeting a price range from $55.0 to $67.5 for Mondelez International over the last 3 months. TD Cowen and HSBC have both downgraded their actions on MDLZ, with price targets of $82 and $84 respectively.

Portfolio Pulse from Benzinga Insights

October 09, 2023 | 5:31 pm

NUE

A significant amount of unusual options activity has been observed for Nucor (NYSE:NUE), indicating a bullish stance by a large investor or institution. The overall sentiment of these big-money traders is split between 63% bullish and 36% bearish. The options trades have targeted a price range from $145.0 to $170.0 for Nucor over the last 3 months. The price of NUE is currently $157.23, with the stock considered neutral between overbought and oversold.

Portfolio Pulse from Benzinga Insights

October 09, 2023 | 5:16 pm

CVX

Israel has temporarily suspended operations at a significant gas field managed by Chevron Corporation (NYSE:CVX) due to safety concerns amid escalating violence. Chevron continues to meet its clientele's demands in Israel and nearby regions through another initiative named Leviathan. The suspension comes at a time when Israel had declared its intentions to increase its gas exports from the Tamar field to Egypt. The future of this plan is uncertain due to the heightened tensions in the Middle East.

Portfolio Pulse from Shivani Kumaresan

October 09, 2023 | 4:57 pm

BIL

BILS

GBIL

SGOV

SHV

UTWO

XONE

The article discusses the rising interest in cash-like funds and ETFs, particularly U.S. Treasury bonds, which are currently offering an annual yield of around 5%. This is the highest yield these securities have offered since June 2007. The article also provides a list of seven U.S. Treasury ETFs that can generate a consistent monthly income of $500.

Portfolio Pulse from Piero Cingari

October 09, 2023 | 4:40 pm

DAL

UAL

Shares of Delta Air Lines, Inc. (NYSE:DAL) and United Airlines are trading lower amid the Israel-Hamas conflict, which has caused travel uncertainty and led to U.S. airlines suspending flights to Israel. The suspension of flights can have a direct negative impact on their financial performance. Geopolitical conflicts can also lead to an increase in oil prices, disrupting oil supplies or creating concerns about oil production in certain regions, which can eat into airlines' profit margins.

Portfolio Pulse from Henry Khederian

October 09, 2023 | 4:27 pm

AMGN

Amgen (NASDAQ:AMGN) has outperformed the market over the past 15 years, producing an average annual return of 11.68%. If an investor had bought $100 of AMGN stock 15 years ago, it would be worth $503.19 today.

Portfolio Pulse from Benzinga Insights

October 09, 2023 | 4:00 pm