Streetbeat News

Assets

COF

A significant amount of unusual options activity has been detected for Capital One Financial (NYSE:COF), with a notably bearish stance. Of the 10 strange trades detected, 80% were bearish and 20% bullish. The total amount for the 6 puts was $220,635 and for the 4 calls was $296,805. Whales have been targeting a price range from $109.0 to $130.0 for Capital One over the last 3 months. The current price of COF is down -1.11% at $109.16. Analysts from Wells Fargo, Piper Sandler, Stephens & Co., and Morgan Stanley have maintained their ratings on COF, with price targets ranging from $80 to $127.

Portfolio Pulse from Benzinga Insights

August 14, 2023 | 8:16 pm

LMT

A significant investor has taken a bearish stance on Lockheed Martin (NYSE:LMT), with 75% of recent trades being bearish. The price target range for the company over the last three months has been $420.0 to $500.0. The current price of LMT is down -0.89% at $450.01. Analysts have mixed opinions, with Morgan Stanley downgrading its action to Equal-Weight with a price target of $532, while Citigroup maintains a Buy rating with a price target of $555.

Portfolio Pulse from Benzinga Insights

August 14, 2023 | 8:16 pm

ARKG

KWEB

VDE

XOP

A screening of medium-cap ETFs revealed the largest positive and negative returns of the week. Vanguard Energy ETF (VDE) and SPDR S&P Oil & Gas Exploration & Production ETF (XOP) were winners, with VDE down 3.36% and XOP up 3.17% on the week. Losers included ARK Genomic Revolution ETF (ARKG), down 6.21%, and KraneShares CSI China Internet ETF (KWEB), down 5.82%.

Portfolio Pulse from Johnny Rice

August 14, 2023 | 8:14 pm

APPL

FB

IYW

NVDA

SPRX

UBOT

The US markets have seen a strong performance in 2023, with the S&P 500 up 17%. Tech giants like Apple and Meta Platforms have seen significant growth, but NVIDIA Corp has outperformed them with a 202.4% increase YTD, largely due to its involvement in AI. CNBC's Jim Cramer has dismissed claims that AI is pure hype. AI-related ETFs, such as Direxion Daily Robotics, Artificial Intelligence & Automation Index Bull 2X Shares, Spear Alpha ETF, and iShares U.S. Technology ETF, have also performed well since the start of the year.

Portfolio Pulse from Johnny Rice

August 14, 2023 | 8:12 pm

BRK.A

COF

Berkshire Hathaway has increased its stake in Capital One Financial Corp by 25.7% to 12.5 million shares, according to its latest 13F filing.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2023 | 8:11 pm

XP

XP Inc. reported a 21% YoY increase in total client assets for Q2. However, the total net inflow was down by 49%.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2023 | 8:07 pm

WCN

Waste Connections (NYSE:WCN) has outperformed the market over the past 10 years, producing an average annual return of 17.2%. If an investor had bought $100 of WCN stock 10 years ago, it would be worth $493.24 today. The company currently has a market capitalization of $36.41 billion.

Portfolio Pulse from Benzinga Insights

August 14, 2023 | 8:00 pm

MCHP

Microchip Technology (NASDAQ:MCHP) has outperformed the market over the past 10 years, producing an average annual return of 15.53%. If an investor had bought $100 of MCHP stock 10 years ago, it would be worth $425.54 today. The company currently has a market capitalization of $45.07 billion.

Portfolio Pulse from Benzinga Insights

August 14, 2023 | 8:00 pm

BABA

A significant bearish stance has been taken on Alibaba Group Holding (NYSE:BABA) as indicated by unusual options activity. The overall sentiment of these big-money traders is split between 44% bullish and 55% bearish. The whales have been targeting a price range from $70.0 to $265.0 for Alibaba over the last 3 months. The price of BABA is currently down -2.12% at $93.7. Analysts from Citigroup, Baird, and Bernstein have maintained their ratings while Benchmark and Baird have downgraded their actions.

Portfolio Pulse from Benzinga Insights

August 14, 2023 | 7:46 pm

DE

A whale investor has taken a bullish stance on Deere (NYSE:DE), with 66% of the investors opening trades with bullish expectations and 33% with bearish. The whale has been targeting a price range from $410.0 to $450.0 for Deere over the last 3 months. The price of DE is up 0.5% at $437.25. DA Davidson, Deutsche Bank, and Citigroup have maintained their Buy, Hold, and Buy ratings on Deere, respectively.

Portfolio Pulse from Benzinga Insights

August 14, 2023 | 7:46 pm