Streetbeat News

Assets

MCD

A significant amount of unusual options activity has been observed for McDonald's (NYSE:MCD), with a majority of investors taking a bearish stance. The trades range from $225.0 to $300.0 for McDonald's over the last 3 months. The price of MCD is currently down -0.74% at $279.66. Several experts maintain an Outperform rating on McDonald's, with price targets ranging from $330 to $345.

Portfolio Pulse from Benzinga Insights

August 21, 2023 | 5:30 pm

COIN

An option alert has been issued for Coinbase Global (COIN) for Friday $78 calls sweep near the ask price. The volume of this option is 200 at $1.5 versus an open interest of 1199. The reference price is $74.62.

Portfolio Pulse from Charles Gross

August 21, 2023 | 5:21 pm

Blackstone Inc (BX) has closed its fourth flagship commingled fund, Blackstone Tactical Opportunities Fund IV (BTO IV), raising a record capital commitment of $5.2 billion. The combined BTO IV platform is expected to contain new capital of around $10 billion. BTO IV is the largest-ever vintage of its kind, considerably higher than the BTO III platform. BX's Tactical Opportunities platform has assets under management of $34 billion. BX's assets under management stood at $1.00 trillion as of Q2.

Portfolio Pulse from Lekha Gupta

August 21, 2023 | 4:50 pm

CAT

A significant amount of unusual options activity has been observed for Caterpillar (NYSE:CAT), with a bearish stance being taken by a whale investor. Of the 15 strange trades detected, 46% were bullish and 53% were bearish. The total amount for puts was $595,390 and for calls was $189,777. Whales have been targeting a price range from $230.0 to $300.0 for Caterpillar over the last 3 months. The current price of CAT is down -1.3% at $270.25. Various financial institutions have maintained their ratings on Caterpillar, with price targets ranging from $234 to $323.

Portfolio Pulse from Benzinga Insights

August 21, 2023 | 4:30 pm

NKLA

There has been a significant activity in Nikola Corporation's options, specifically the Friday $2 calls. The number of these options traded at the ask price was 9839, compared to an open interest of 14202. The reference price was $1.5393.

Portfolio Pulse from Charles Gross

August 21, 2023 | 4:12 pm

JPM

A whale investor has taken a bullish stance on JPMorgan Chase (NYSE:JPM), with 50% of investors opening trades with bullish expectations and 50% with bearish. The whale has been targeting a price range from $125.0 to $170.0 for JPMorgan Chase over the last 3 months. The price of JPM is currently down -0.28% at $148.55. Oppenheimer maintains an Outperform rating on JPMorgan Chase with a price target of $219, while Atlantic Equities maintains a Neutral rating with a price target of $160.

Portfolio Pulse from Benzinga Insights

August 21, 2023 | 4:00 pm

COST

A significant investor has taken a bearish stance on Costco Wholesale (NASDAQ:COST), with 66% of recent trades being bearish. The price target for Costco Wholesale over the last 3 months has been between $220.0 to $600.0. The current price of COST is down -0.95% at $539.76. Several advisory groups have maintained their positive ratings on Costco, with price targets ranging from $575 to $640.

Portfolio Pulse from Benzinga Insights

August 21, 2023 | 3:46 pm

ABNB

DAL

DIS

By 2033, the travel industry is expected to account for more than 11.6% of the global economy, totaling $15.5 trillion, according to the World Travel & Tourism Council (WTTC). The industry is projected to provide employment to 430 million people, making up 1 in every 9 jobs worldwide. The U.S. travel industry will reach $3 trillion by 2033, representing 10.1% of the economy, while China's sector will grow to $4 trillion, accounting for 14.1% of the country's economy.

Portfolio Pulse from Shivani Kumaresan

August 21, 2023 | 3:35 pm

AMZN

DIS

KHC

META

MPW

ODFL

SCU

TSLA

WMT

Meta Platforms is preparing to launch a desktop version of Threads to compete with Elon Musk's X. Amazon has restarted its external shipping service, challenging FedEx and UPS. High-profile investors have presented a competing bid for Sculptor Capital Management. Kraft Heinz plans to offer Lunchables to school cafeterias. Medical Properties Trust's deal with Prospect Medical Holdings is on hold. Tesla has suffered a data breach affecting over 75,000 people. Old Dominion Freight Line has offered $1.5 billion to acquire Yellow Corp's terminals. General Motors' Cruise is under investigation after a collision. DuPont is in talks to sell its Delrin resins unit. Disney is in a legal battle with Florida Governor Ron DeSantis. Goldman Sachs faces potential lawsuits over the 1MDB scandal. Citigroup is considering splitting its largest division. Walmart and Centric Brands are examining their Cambodian supply chains. US Steel denies union veto rights in company sale.

Portfolio Pulse from Vandana Singh

August 21, 2023 | 3:17 pm

ARKX

LMT

ROKT

UFO

The article discusses the current state of investment in space-related ETFs and the Aerospace & Defense sector. Pure-play space ETFs, such as UFO, ROKT, and ARKX, account for about 0.01% of all US-listed Equity ETF assets under management. The Aerospace & Defense sector, which includes companies like Boeing and Lockheed Martin, is slightly larger, with ETFs such as FITE, XAR, MISL, ITA, and PPA accounting for 0.17% of US-listed equity ETF AUM. The author suggests that ETF investors are underinvested in these sectors.

Portfolio Pulse from Callum Thomas

August 21, 2023 | 3:11 pm