Streetbeat News

Assets

TRXUSD

TRON's (CRYPTO: TRX) price has risen 3.58% to $0.08 in the past 24 hours, continuing its positive trend over the past week with a 2.0% gain. The coin's trading volume has climbed 10.0% over the past week and the circulating supply has increased 0.05% to 89.39 billion. The current market cap ranking for TRX is #11 at $6.92 billion.

Portfolio Pulse from Benzinga Insights

August 23, 2023 | 7:00 pm

AZO

A significant amount of unusual options activity has been observed for AutoZone (NYSE:AZO), indicating a bullish stance by a large investor or institution. The sentiment among these big-money traders is split 50% bullish and 50% bearish. The options trades include 5 puts totaling $189,764 and 5 calls totaling $292,960. The targeted price range for AutoZone over the last 3 months is from $1040.0 to $3000.0. The current price of AZO is up 0.98% at $2474.3.

Portfolio Pulse from Benzinga Insights

August 23, 2023 | 6:34 pm

A whale investor has taken a bearish stance on Goldman Sachs Gr (NYSE:GS), with 60% of the trades being bearish and 40% bullish. The total amount for puts is $1,984,624 and for calls is $232,367. The targeted price range for Goldman Sachs Gr over the last 3 months is from $290.0 to $330.0. The current price of GS is up 0.85% at $321.49. Atlantic Equities, Oppenheimer, and Citigroup have given price targets of $351, $461, and $400 respectively.

Portfolio Pulse from Benzinga Insights

August 23, 2023 | 6:33 pm

CDNS

A significant amount of unusual options activity has been observed for Cadence Design Sys (NASDAQ:CDNS), with a majority of investors taking a bullish stance. The trades include 3 puts amounting to $126,484 and 8 calls amounting to $316,872. The targeted price range for Cadence Design Sys over the last 3 months has been from $165.0 to $290.0. The current price of CDNS is up 3.54% at $233.5. Keybanc, Needham, Rosenblatt, and B of A Securities have maintained their ratings on Cadence Design Sys with varying price targets.

Portfolio Pulse from Benzinga Insights

August 23, 2023 | 6:33 pm

BITO

BLOK

URA

URNM

Small-cap ETFs with AUM between $400 million and $2 billion were screened for weekly returns. Sprott Uranium Miners ETF (URNM) and Global X Uranium ETF (URA) were the winners, up 7.64% and 5.44% respectively. ProShares Bitcoin Strategy ETF (BITO) and Amplify Transformational Data Sharing ETF (BLOK) were the losers, down 11.81% and 8.56% respectively. URNM and URA offer exposure to the uranium mining industry, while BITO and BLOK offer exposure to Bitcoin and blockchain technology respectively.

Portfolio Pulse from Johnny Rice

August 23, 2023 | 6:08 pm

DAUG

PKW

USRT

VXX

Mid-cap ETFs have seen significant changes in their net assets over the past week. Winners include Invesco BuyBack Achievers ETF (PKW) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX), which added $310.20 million and $63.85 million in AUM respectively. Losers include FT Cboe Vest U.S. Equity Deep Buffer ETF - August (DAUG) and iShares Core U.S. REIT ETF (USRT), which lost $337.71 million and $107.02 million in net assets respectively.

Portfolio Pulse from Johnny Rice

August 23, 2023 | 6:06 pm

BRK-A

SPKX

Warren Buffett, chief of Berkshire Hathaway, suggests real estate as a safe bet during turbulent times. He also mentions that volatility can present opportunities for savvy investors. Volatility ETFs like ConvexityShares 1x SPIKES Futures ETF can be traded to profit from market volatility. Buffett also suggests looking for undervalued stocks during market chaos.

Portfolio Pulse from Johnny Rice

August 23, 2023 | 6:04 pm

ETHUSD

On Tuesday, 6,762.24 Ether (ETH) worth $11,373,881 was burned from Ethereum transactions. This is a result of the Ethereum blockchain's upgrade known as EIP-1159, which changes the fee model and burns a base fee from each transaction, permanently removing it from circulation. This is expected to make ETH a deflationary currency once the Ethereum 2.0 upgrade is implemented.

Portfolio Pulse from Benzinga Insights

August 23, 2023 | 6:00 pm

EFAS

GXC

KWEB

MCHI

Kyle Bass, CIO of Hayman Capital Management, expressed concerns about the changing business climate in China under Xi Jinping. Bass highlighted the shift towards a party-centric approach, legal uncertainties for Western companies, and aggressive police actions as deterrents for foreign investments. He also noted the potential for a Chinese invasion of Taiwan. The article suggests monitoring ETFs with exposure to Chinese equities, including iShares MSCI China ETF (MCHI), SPDR S&P China ETF (GXC), Global X MSCI SuperDividend EAFE ETF (EFAS), and KraneShares CSI China Internet ETF (KWEB).

Portfolio Pulse from AJ Fabino

August 23, 2023 | 5:49 pm

BIDU

DISH

GOOG

GOOGL

LUMN