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NKLA

Nikola Corp reported a thermal incident with one of its engineering validation battery-electric trucks near its Phoenix headquarters. No injuries were reported.

Portfolio Pulse from Benzinga Newsdesk

September 08, 2023 | 7:37 pm

MDB

Unusual options activity has been observed for MongoDB (NASDAQ:MDB), with a split sentiment of 50% bullish and 50% bearish among big-money traders. The options trades have targeted a price range from $320.0 to $650.0 for MongoDB over the last 3 months. The current price of MDB is $376.73, down -0.21%. Analysts from Guggenheim, Barclays, RBC Capital, Truist Securities, and JMP Securities have maintained their ratings on MongoDB, with price targets ranging from $250 to $450.

Portfolio Pulse from Benzinga Insights

September 08, 2023 | 7:30 pm

DIA

QQQ

SPY

The August consumer price index (CPI) report is expected to show a rise in inflation, with the headline CPI projected to climb from 3.2% in July to 3.6% in August. The core CPI, excluding energy and food, is expected to decline from 4.7% to 4.3%. The main driver behind the inflation increase is energy prices, with a 5.9% surge in energy costs. Market sentiment suggests that the Federal Reserve will not raise interest rates in September. If the CPI report meets or falls short of expectations, ETFs tracking major U.S. stock market indices, such as SPY, QQQ, and DIA, may react positively.

Portfolio Pulse from Piero Cingari

September 08, 2023 | 7:25 pm

DG

Dollar Gen's (NYSE:DG) short percent of float has fallen 3.55% since its last report, with 4.15 million shares sold short, which is 1.9% of all regular shares available for trading. It would take traders 2.81 days to cover their short positions on average. The company has less short interest than most of its peers, with an average of 3.11%.

Portfolio Pulse from Benzinga Insights

September 08, 2023 | 7:15 pm

BLK

NMR

SCGLY

Nomura's cryptocurrency unit, Laser Digital, is expected to take longer to reach profitability due to factors such as shrinking volumes, narrowing activity, and changing regulatory needs. The crypto market's recent downturn, marked by the FTX collapse, has also impacted the unit's performance. Despite these challenges, CEO Jez Mohideen remains optimistic about the future of the crypto space, citing increased interest from large financial institutions.

Portfolio Pulse from Khyathi Dalal

September 08, 2023 | 7:02 pm

SCHW

A significant investor has taken a bearish stance on Charles Schwab (NYSE:SCHW), with 56% of recent trades being bearish and 43% bullish. The total amount for put options is $631,806 and for call options is $266,866. The targeted price range for Charles Schwab over the last 3 months is from $40.0 to $65.0. The current price of SCHW is up 1.49% at $58.68, and the next earnings are expected in 38 days.

Portfolio Pulse from Benzinga Insights

September 08, 2023 | 6:31 pm

BA

A significant bearish stance on Boeing (NYSE:BA) has been observed in recent unusual options activity. The sentiment among big-money traders is split between 46% bullish and 53% bearish. The whales have been targeting a price range from $100.0 to $260.0 for Boeing over the last 3 months. TD Cowen has maintained their Outperform rating on Boeing, with a price target of $260.

Portfolio Pulse from Benzinga Insights

September 08, 2023 | 6:30 pm

COP

A significant bullish stance has been taken on ConocoPhillips (NYSE:COP) by a large investor or institution, as indicated by unusual options trading activity. The overall sentiment of these big-money traders is split between 63% bullish and 36% bearish. The whales have been targeting a price range from $97.5 to $140.0 for ConocoPhillips over the last 3 months. The price of COP is currently up 1.65% at $123.72.

Portfolio Pulse from Benzinga Insights

September 08, 2023 | 6:15 pm

ABNB

A large bearish position has been taken on Airbnb (NASDAQ:ABNB), as observed from publicly available options history. The sentiment of these big-money traders is split between 26% bullish and 73% bearish. Whales have been targeting a price range from $60.0 to $160.0 for Airbnb over the last 3 months. The price of ABNB is up 2.22% at $146.45. Morgan Stanley maintains an Underweight rating on Airbnb with a price target of $110, while Tigress Financial downgraded its action to Buy with a price target of $185 and Citigroup maintains a Buy rating with a price target of $160.

Portfolio Pulse from Benzinga Insights

September 08, 2023 | 6:15 pm

ETHUSD

A total of 4,024.74 Ether (ETH) worth $6,558,190 was burned from Ethereum transactions on Thursday. This follows the implementation of the Ethereum improvement proposal EIP-1159, which changed the fee model and burns a variable base fee from each transaction. Ethereum is currently issuing new Ether at a rate of 4% per year, expected to decrease to around 0.5-1% with the Ethereum 2.0 upgrade. The net annualized issuance rate for Ether was -3.08% yesterday.

Portfolio Pulse from Benzinga Insights

September 08, 2023 | 6:00 pm