Streetbeat News

Assets

CMG

CZR

DHI

DKNG

FTCH

LOW

TSLA

Benzinga's options activity scanner has detected unusual options activity in the Consumer Discretionary sector. The stocks involved are Tesla (TSLA), Farfetch (FTCH), Li Auto (LI), DraftKings (DKNG), Lowe's Companies (LOW), Under Armour (UA), D.R. Horton (DHI), Caesars Entertainment (CZR), RH (RH), and Chipotle Mexican Grill (CMG). The options activity ranges from bullish to neutral sentiment, with varying expiration dates and strike prices.

Portfolio Pulse from Benzinga Insights

September 07, 2023 | 5:35 pm

AAPL

AMD

INTC

LRCX

MSFT

NVDA

ORCL

STX

TSM

The article reports on the options activity of 10 Information Technology stocks, including AAPL, NVDA, MSFT, AI, STX, ORCL, AMD, LRCX, INTC, and TSM. 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 (put/call), trade type, sentiment, expiration date, strike price, total trade price, open interest, and volume for each of the mentioned stocks.

Portfolio Pulse from Benzinga Insights

September 07, 2023 | 5:35 pm

CCJ

DNN

LEU

UEC

URA

UUUU

The Wall Street Journal reports that the uranium market is heading for a potential shortage, according to the Nuclear Association. This could impact the stocks of uranium-related companies such as CCJ, DNN, LEU, UEC, URA, UUUU.

Portfolio Pulse from Benzinga Newsdesk

September 07, 2023 | 5:31 pm

CARR

GNRC

WHR

The Energy Reliability Council of Texas (ERCOT) declared a 'level 2 emergency' due to limited power supply, implementing emergency operations to avoid blackouts. The reasons behind the emergency are unclear. High temperatures and energy demand have strained the state's power grid. Generac Holdings Inc (NYSE:GNRC), Whirlpool Corp (NYSE:WHR), and Carrier Global Corp (NYSE:CARR) are companies that could potentially benefit from high energy demand and temperatures.

Portfolio Pulse from Aaron Bry

September 07, 2023 | 5:05 pm

INTU

A significant bearish stance has been taken on Intuit (NASDAQ:INTU) by a whale investor. The investor has targeted a price range from $500.0 to $560.0 for Intuit over the last 3 months. The price of INTU is currently up 0.96% at $556.25. Keybanc and BMO Capital have maintained their Overweight and Outperform ratings on Intuit respectively, with price targets ranging from $535 to $605.

Portfolio Pulse from Benzinga Insights

September 07, 2023 | 5:01 pm

BTCUSD

GBTC

JPM

JPMorgan Chase & Co predicts that the U.S. Securities and Exchange Commission (SEC) may approve multiple spot Bitcoin ETFs simultaneously. This prediction follows the SEC's recent interactions with Grayscale Investments and a court ruling in favor of Grayscale's proposal. The SEC's inconsistent treatment of similar products, such as futures-based bitcoin ETFs, was highlighted in the court decision. The SEC is unlikely to withdraw its previous approval of futures-based bitcoin ETFs, and may approve pending spot bitcoin ETF applications from various asset managers, including Grayscale.

Portfolio Pulse from Murtuza Merchant

September 07, 2023 | 4:48 pm

NEM

A significant bullish stance has been taken on Newmont (NYSE:NEM) as evidenced by unusual options activity. The sentiment among these big-money traders is split between 60% bullish and 40% bearish. The price target for Newmont over the last 3 months has been between $35.0 to $52.5. RBC Capital has downgraded its action to Sector Perform with a price target of $52, while Raymond James and UBS have maintained their Outperform and Neutral ratings respectively, with price targets of $61 and $42.

Portfolio Pulse from Benzinga Insights

September 07, 2023 | 4:46 pm

GBIL

IGSB

SGOV

SHY

SPTS

The Fed funds rate is at 5.5%, its highest level since the early 2000s, prompting investors to reconsider riskier assets such as stocks. The resilience of the U.S. economy has led to a spike in U.S. Treasury yields, with the 2-year yield recently breaking the 5% barrier. This has resulted in a surge of investments into short-term bond ETFs, with $7 billion flowing into ultra-short bond ETFs in August. Five short-term Bond ETFs that have attracted substantial investments are iShares 0-3 Month Treasury Bond ETF (SGOV), Goldman Sachs Access Treasury 0-1 Year ETF (GBIL), SPDR Portfolio Short Term Treasury ETF (SPTS), iShares 1-3 Year Treasury Bond ETF (SHY), and iShares 1-5 Year Investment Grade Corporate Bond ETF (IGSB).

Portfolio Pulse from Piero Cingari

September 07, 2023 | 4:45 pm

GILD

Gilead Sciences (NASDAQ:GILD) has outperformed the market over the past 20 years, producing an average annual return of 11.97%. If an investor had bought $1000 of GILD stock 20 years ago, it would be worth $8,998.03 today.

Portfolio Pulse from Benzinga Insights

September 07, 2023 | 4:30 pm

NIO

There has been a significant option alert for NIO Inc. with Sep 29 $10 calls sweep near the ask price. The volume of 1183 is higher than the open interest of 1092, indicating new positions are being opened.

Portfolio Pulse from Charles Gross

September 07, 2023 | 4:23 pm