Streetbeat News

Assets

IEF

SPTL

TLH

TLT

VGLT

The Federal Reserve's commitment to maintaining higher interest rates has led to a surge in yields across all maturity periods, impacting long-term Treasury yields and shaking five Treasury ETFs. The iShares 20+ Year Treasury Bond ETF (TLT), SPDR Portfolio Long-Term Treasury ETF (SPTL), Vanguard Long-Term Treasury ETF (VGLT), iShares 7-10 Year Treasury Bond ETF (IEF), and iShares 10-20 Year Treasury Bond ETF (TLH) all experienced declines.

Portfolio Pulse from Piero Cingari

September 25, 2023 | 5:14 pm

EPOL

SHEL

Poland's Unimot is in talks to buy a 37.5% stake in Germany's PCK Schwedt refinery, currently owned by Shell. The refinery, majority-owned by Russia's Rosneft, has been a problem for the German government since it ended energy ties with Moscow. This led Shell to revive plans to sell its stake in the refinery. Unimot is expanding international trading and seeking to import diesel to Germany amid EU sanctions on Russian oil and refined products.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2023 | 4:59 pm

PANW

A significant amount of unusual options activity has been observed for Palo Alto Networks (NASDAQ:PANW), indicating a bullish stance by a large investor or institution. The overall sentiment of these big-money traders is split between 83% bullish and 16% bearish. The price target for PANW, based on the volume and open interest of these contracts, is between $230 and $240. BTIG and Citigroup have maintained their Buy ratings on PANW, with price targets of $292 and $285 respectively, while WestPark Capital has downgraded its action to Buy with a price target of $340.

Portfolio Pulse from Benzinga Insights

September 25, 2023 | 4:39 pm

VFS

A significant investor has taken a bearish stance on VinFast Auto (NASDAQ:VFS), with 56% of the investors opening trades with bearish expectations. The whales have been targeting a price range from $10.0 to $45.0 for VinFast Auto over the last 3 months. The price of VFS is currently down -7.87% at $14.4, and RSI indicators suggest that the stock may be oversold.

Portfolio Pulse from Benzinga Insights

September 25, 2023 | 4:39 pm

AMZN

CRM

GOOG

MSFT

SKM

Amazon has announced a collaboration with AI company Anthropic, with plans to invest up to $4 billion for a minority ownership position. The investment follows a trend of large tech companies investing in AI, with Microsoft investing $10 billion in OpenAI earlier this year. Anthropic has also attracted investments from Alphabet, Salesforce, Zoom Video Communication, and SK Telecom. FTX, a bankrupt cryptocurrency platform, is an early investor in Anthropic and its stake in the company could be a significant asset in its bankruptcy proceedings.

Portfolio Pulse from Chris Katje

September 25, 2023 | 4:33 pm

BTCUSD

ETHUSD

Mixin Network, a decentralized wallet service provider, is scrambling to address a $200 million hack. The company's founder, Feng Xiaodong, has assured that half of the users' assets will be protected, but the fate of the other half remains unclear. In an attempt to recover the compromised money, Mixin is considering issuing 'bond tokens' for affected users, which the company would commit to repurchasing in the future. The company is also planning to establish a new system dedicated to hosting user assets to prevent future breaches. Mixin is working with Google and blockchain security firm @SlowMist_Team to investigate the breach.

Portfolio Pulse from Murtuza Merchant

September 25, 2023 | 4:28 pm

XOM

Benzinga's options scanner detected over 18 options trades for Exxon Mobil (NYSE:XOM) totaling $716,031. Whales have been targeting a price range from $100.0 to $135.0 for Exxon Mobil over the last 3 months. The price of XOM is up 0.95% at $116.03. Mizuho, RBC Capital, Morgan Stanley, and Redburn Partners have maintained or adjusted their ratings and price targets for Exxon Mobil.

Portfolio Pulse from Benzinga Insights

September 25, 2023 | 4:16 pm

PFE

Pfizer has announced that the impact of a tornado on its Rocky Mount facility is expected to affect the supply of medicines until at least mid-2024. The company has begun storing non-production related materials in a new warehouse as a temporary replacement to its Hirise warehouse.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2023 | 4:07 pm

PFE

Pfizer has restarted production at its Rocky Mount facility as part of the first phase of recovery efforts following a tornado. The company plans to fully restore production across the site's three manufacturing suites by the end of 2023.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2023 | 4:06 pm

CSHI

JPST

The NEOS Enhanced Income Cash Alternative ETF (CSHI) is being highlighted as a superior alternative to the JPMorgan Ultra-Short Income ETF (JPST) for investors seeking to generate income while maintaining low volatility. CSHI uses a put option strategy to generate additional yield and distributes mid-single-digit percentages in cash to shareholders monthly. The fund has a 6.63% distribution yield and has outperformed JPST by 1.58% year-to-date. CSHI's income-generating investment is short-term U.S. Treasuries, while JPST's income-generating investments include corporate bonds, commercial paper, and various asset-backed securities.

Portfolio Pulse from Austin Hankwitz

September 25, 2023 | 3:44 pm