Streetbeat News

Assets

ARKK

COIN

DNA

GOOGL

MARA

RIOT

TSLA

Cathie Wood's ARK ETFs saw a significant surge, with assets under management increasing by $600 million in a single day due to a rally in crypto-related and electric vehicle stocks. The ARK Innovation ETF (ARKK) gained 5.34% and saw its AUM rise by nearly $400 million. The surge was fueled by a court ruling in favor of Grayscale's Bitcoin ETF application and a 7% surge in Bitcoin's value. Crypto-related stocks such as Coinbase (COIN), Marathon Digital Holdings (MARA), and Riot Platforms (RIOT) saw double-digit gains. Tesla (TSLA), the largest holding within Wood's Ark funds, experienced a resurgence of 7.3%. Ginkgo Bioworks Holdings (DNA) surged over 24% following the announcement of a partnership with Google Cloud (GOOGL).

Portfolio Pulse from Piero Cingari

August 29, 2023 | 8:52 pm

MA

A significant bullish stance has been taken on Mastercard (NYSE:MA) by a large investor, as indicated by a large position in the company's options. The sentiment among these big-money traders is split between 52% bullish and 47% bearish. The price target for Mastercard over the last 3 months has been between $165.0 to $500.0. Several financial institutions have maintained their positive ratings on Mastercard, with price targets ranging from $435 to $510.

Portfolio Pulse from Benzinga Insights

August 29, 2023 | 8:46 pm

GLPI

Gaming and Leisure Properties (GLPI) has acquired the land under the Hard Rock Casino in Rockford, IL for $100 million.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2023 | 8:39 pm

MOD

Modine (NYSE:MOD) has announced the sale of its coatings aftermarket application facilities in California and Florida to Protecall. The sale is part of Modine's strategy to grow its coatings business through strategic licensing agreements. The company will continue to own and license the spray-applied coatings used in aftermarket applications.

Portfolio Pulse from Happy Mohamed

August 29, 2023 | 8:37 pm

USO

The American Petroleum Institute (API) reported a weekly crude stock draw of 11.486 million barrels, significantly higher than the estimated 2.9 million barrels.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2023 | 8:35 pm

BTCUSD

GBTC

Grayscale Investments Bitcoin Trust (OTCPK: GBTC) surged 17% following a legal victory against the SEC, which could lead to the launch of the first spot-Bitcoin ETF in the U.S. The trust's performance resulted in a reduction of its price discount to its underlying Bitcoin holdings to under 17%. The news is seen as a significant milestone for the cryptocurrency industry. Other industry giants including Bitwise, VanEck, Invesco, Fidelity and Valkyrie are also awaiting approval for their ETF applications.

Portfolio Pulse from Piero Cingari

August 29, 2023 | 8:33 pm

DAL

A significant investor has taken a bearish stance on Delta Air Lines (NYSE:DAL), with 71% of recent trades being bearish and 28% bullish. The total amount for put options is $1,202,911 and for call options is $327,850. The targeted price range for Delta Air Lines over the last 3 months is from $23.0 to $55.0. The current price of DAL is up 3.21% at $43.77.

Portfolio Pulse from Benzinga Insights

August 29, 2023 | 8:31 pm

ET

A significant bullish stance has been taken on Energy Transfer (NYSE:ET) as indicated by unusual options activity. The overall sentiment of these big-money traders is split between 52% bullish and 47% bearish. Out of the special options, 6 are puts, for a total amount of $363,740, and 15 are calls, for a total amount of $851,815. Whales have been targeting a price range from $10.0 to $22.0 for Energy Transfer over the last 3 months.

Portfolio Pulse from Benzinga Insights

August 29, 2023 | 8:31 pm

FTNT

Fortinet (NASDAQ:FTNT) has outperformed the market over the past 10 years by 20.82% on an annualized basis, producing an average annual return of 31.4%. If an investor had bought $100 of FTNT stock 10 years ago, it would be worth $1,534.16 today.

Portfolio Pulse from Benzinga Insights

August 29, 2023 | 8:30 pm

HUBS

HubSpot (NYSE:HUBS) has outperformed the market over the past 5 years by 20.09% on an annualized basis, producing an average annual return of 29.25%. If an investor had bought $100 of HUBS stock 5 years ago, it would be worth $365.41 today.

Portfolio Pulse from Benzinga Insights

August 29, 2023 | 8:30 pm