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QQQ

TQQQ

ProShares UltraPro QQQ (TQQQ) shares are trading higher by 1.9% following worse-than-expected U.S. inflation data. The ETF corresponds to three times the daily performance of the Nasdaq-100 (QQQ) ETF. Rising inflation can lead to concerns about tighter monetary policy, including interest rate hikes, which can have a mixed impact on TQQQ. Higher rates can increase borrowing costs for tech companies but can also attract income-seeking investors to high-growth equities.

Portfolio Pulse from Henry Khederian

September 13, 2023 | 3:49 pm

BTCUSD

ETHUSD

FTTUSD

SOLUSD

Crypto exchange FTX has revised its plan to liquidate billions in cryptocurrency holdings in response to concerns from the U.S. Trustee. Despite the changes, FTX will not be required to publicly announce its transactions beforehand. The U.S. Trustee had initially suggested that sales of Bitcoin or Ether should be broadly communicated. FTX has committed to keeping the U.S. Trustee and the committees representing its creditors informed privately. FTX recently disclosed its possession of assets worth $1.16 billion in Solana's and $560 million in Bitcoin.

Portfolio Pulse from Murtuza Merchant

September 13, 2023 | 3:48 pm

KVUE

A significant amount of unusual options activity has been detected for Kenvue (NYSE:KVUE), with a bearish stance being taken by a majority of investors. Of the 10 strange trades detected, 90% were bearish and 10% bullish. The total amount for puts was $182,236 and for calls was $438,909. Whales have been targeting a price range from $21.0 to $22.5 for Kenvue over the last 3 months. The price of KVUE is currently up 2.92% at $21.68.

Portfolio Pulse from Benzinga Insights

September 13, 2023 | 3:31 pm

SCHW

A significant bearish stance has been taken on Charles Schwab (NYSE:SCHW) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is split between 33% bullish and 66% bearish. The targeted price range for Charles Schwab over the last 3 months has been $50.0 to $70.0. The current price of SCHW is down -1.21% at $59.79.

Portfolio Pulse from Benzinga Insights

September 13, 2023 | 3:30 pm

RACE

Ferrari (NYSE:RACE) has outperformed the market over the past 5 years, producing an average annual return of 16.64%. If an investor had bought $1000 of RACE stock 5 years ago, it would be worth $2,248.49 today.

Portfolio Pulse from Benzinga Insights

September 13, 2023 | 3:30 pm

ADBE

AMD

AMZN

KRE

SMH

TLT

TSLA

XLK

XLY

ZION

The August inflation report has impacted several ETFs and stocks. The Consumer Discretionary Select Sector SPDR Fund (XLY) gained 0.4%, driven by Amazon (AMZN) and Tesla (TSLA). The VanEck Semiconductor ETF (SMH) increased by 0.9%, with Advanced Micro Devices (AMD) and Micron Technologies (MU) leading the sector. The Technology Select Sector SPDR Fund (XLK) saw a 0.5% increase, with Adobe (ADBE) registering a 3% gain. The SPDR Regional Banking ETF (KRE) slipped by 1%, with Zions Bancorporation (ZION) experiencing a 4.4% decline. The iShares 20+ Year Treasury Bond ETF (TLT) dipped 0.4%.

Portfolio Pulse from Piero Cingari

September 13, 2023 | 3:26 pm

DAL

A large investor has taken a bullish stance on Delta Air Lines (NYSE:DAL), with 72% of big-money traders also bullish. The investor's position was noticed through publicly available options history. The mean open interest for Delta Air Lines options trades today is 3069.5 with a total volume of 25,935.00. Whales have been targeting a price range from $30.0 to $42.0 for Delta Air Lines over the last 3 months.

Portfolio Pulse from Benzinga Insights

September 13, 2023 | 3:16 pm

SPY

The August Consumer Price Index (CPI) report showed a higher than expected increase in consumer inflation, driven mainly by rising energy costs. The report has sparked mixed reactions among economists, with some predicting a temporary rise in headline inflation, while others see a potential long-lasting inflationary trend. The SPDR S&P 500 ETF Trust (NYSE:SPY) was trading slightly higher at the time of the report.

Portfolio Pulse from Piero Cingari

September 13, 2023 | 3:14 pm

DZSI

DZS Inc. has secured $29.7 million in financing, leading to an increase in its share price.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2023 | 3:12 pm

SGML

Sigma Lithium announced that it has received multiple strategic proposals for Sigma Lithium, Sigma Brazil, and the Grota do Cirilo project, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2023 | 3:05 pm