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SPKX

The article discusses sector-specific volatility in the stock market, highlighting that different sectors have varying levels of sensitivity to market fluctuations. The most volatile sectors include Technology, Energy, Biotechnology and Pharmaceuticals, and Consumer Discretionary. The article suggests that understanding this volatility can help investors make informed decisions and diversify their portfolios. It also mentions the use of volatility ETFs, like ConvexityShares 1x SPIKES Futures ETF (NYSE:SPKX), as a strategy to hedge against market-wide volatility.

Portfolio Pulse from Johnny Rice

August 24, 2023 | 4:47 pm

NVDA

A large bearish position on NVIDIA (NASDAQ:NVDA) has been noticed, with 674 uncommon options trades spotted, split between 42% bullish and 57% bearish. Whales have been targeting a price range from $130.0 to $900.0 for NVIDIA over the last 3 months. The price of NVDA is up 2.89% at $484.76. Several experts maintain positive ratings on NVIDIA, with price targets ranging from $540 to $650.

Portfolio Pulse from Benzinga Insights

August 24, 2023 | 4:46 pm

FOX

GOOG

IAC

NYT

The New York Times Co (NYSE:NYT) has updated its Terms of Service to prevent AI companies from freely accessing its archives. Alphabet Inc's (NASDAQ:GOOG) (NASDAQ:GOOGL) Google, however, plans to continue scraping web data until regulations require them to stop. The Associated Press (AP) has partnered with OpenAI, granting them access to its textual archives. Barry Diller, co-founder of Fox Corp (NASDAQ:FOX) (NASDAQ:FOXA) and current Chairman at IAC Inc (NASDAQ:IAC), has expressed concerns about the AI industry's assertion of 'fair use' when using copyrighted content.

Portfolio Pulse from AJ Fabino

August 24, 2023 | 4:40 pm

BEKE

An options alert has been issued for KE Holdings with a sweep of 1397 calls for September 8 at $15, near the ask price of $0.55. The company's earnings were released on August 31 before the market opened. The reference price is $14.21.

Portfolio Pulse from Charles Gross

August 24, 2023 | 4:38 pm

QQQ

SPY

UUP

Susan M. Collins, President and CEO of the Federal Reserve Bank of Boston, discussed the current state of inflation, interest rates, and housing market challenges ahead of the Jackson Hole Symposium. She emphasized the need for a sustained realignment of demand and supply to bring inflation back to the 2% path. Collins also mentioned that the Federal Reserve can hold rates steady for a substantial period. The SPDR S&P 500 ETF Trust (SPY), Invesco QQQ Trust (QQQ), and Invesco DB USD Bullish Fund ETF (UUP) were impacted by her remarks.

Portfolio Pulse from Piero Cingari

August 24, 2023 | 4:36 pm

META

A significant amount of unusual options activity has been observed for Meta Platforms (NASDAQ:META), with a majority of investors taking a bearish stance. Whales have been targeting a price range from $5.0 to $580.0 for Meta Platforms over the last 3 months. The price of META is currently down -1.34% at $290.29. Several financial institutions have maintained their positive ratings on Meta Platforms, with price targets ranging from $375 to $410.

Portfolio Pulse from Benzinga Insights

August 24, 2023 | 4:31 pm

GOOGL

A significant bearish stance on Alphabet (NASDAQ:GOOGL) has been observed through unusual options activity. The sentiment among big-money traders is split between 47% bullish and 52% bearish. Whales have been targeting a price range from $45.0 to $180.0 for Alphabet over the last 3 months. The price of GOOGL is down -1.11% at $130.9. Analysts from Evercore ISI Group, Rosenblatt, Wells Fargo, RBC Capital, and Wedbush have maintained their ratings on Alphabet, with price targets ranging from $121 to $163.

Portfolio Pulse from Benzinga Insights

August 24, 2023 | 4:31 pm

NVDA

NVIDIA Corporation's (NASDAQ:NVDA) strong Q2 financial results and surging stock price have significantly increased the wealth of co-founder and CEO Jensen Huang. Huang, who owns around 3.5% of the company, saw his wealth increase by $4.2 billion, reaching a total of $46 billion. NVIDIA shares have risen over 230% year-to-date in 2023, making it the best-performing stock in the S&P 500 Index for the year.

Portfolio Pulse from Chris Katje

August 24, 2023 | 4:24 pm

LTH

Life Time Group Holdings Inc (NYSE:LTH) has had its issuer credit rating upgraded to B2 from B3 by Moody's Investor Service, citing improving performance, membership, revenue and EBITDA trends, and steps taken to improve its balance sheet and reduce leverage. The company also closed a sale-leaseback transaction for approximately $45 million in gross proceeds. However, LTH shares are trading lower by 1.72% at $16.59.

Portfolio Pulse from Shivani Kumaresan

August 24, 2023 | 4:10 pm

NVDA

NVIDIA (NASDAQ:NVDA) has outperformed the market over the past 20 years by 25.88% on an annualized basis, producing an average annual return of 33.41%. If an investor had bought $100 of NVDA stock 20 years ago, it would be worth $31,903.74 today.

Portfolio Pulse from Benzinga Insights

August 24, 2023 | 4:01 pm