Streetbeat News

Assets

GE

GE Vernova is set to acquire Greenbird Integration Technology AS, a company specializing in data platforms for utilities. The acquisition will enhance GE Vernova's GridOS, a comprehensive suite of grid orchestration software, by enabling it to aggregate more information from multiple systems. This will allow grid operators to assemble a real-time snapshot of conditions throughout the grid. The move is expected to facilitate the transition to more renewable energy and help manage the increasing complexity of grid operation.

Portfolio Pulse from Happy Mohamed

August 14, 2023 | 3:53 pm

ATVI

A significant investor has taken a bullish stance on Activision Blizzard (NASDAQ:ATVI), with 75% of recent trades being bullish and 25% bearish. The trades include 7 puts worth $504,281 and 5 calls worth $253,246. The price target for ATVI over the last 3 months has been between $70.0 and $92.5. The current price of ATVI is $91.08, down 0.14%. Several experts have downgraded their ratings to 'Neutral' or 'Hold' with price targets around $95.

Portfolio Pulse from Benzinga Insights

August 14, 2023 | 3:46 pm

SCHW

A significant investor has taken a bearish stance on Charles Schwab (NYSE:SCHW), with 66% of recent trades being bearish. The targeted price range for Charles Schwab over the last 3 months is $47.5 to $65.0. The current price of SCHW is down -2.34% at $62.58. Several financial institutions have maintained their positive ratings on Charles Schwab, with price targets ranging from $70 to $86.

Portfolio Pulse from Benzinga Insights

August 14, 2023 | 3:46 pm

GM

An option alert has been issued for General Motors (GM) for August 25 $35 calls. The alert indicates 5000 contracts at the ask price of $0.38, compared to an open interest of 649 contracts. The reference price is $33.975.

Portfolio Pulse from Charles Gross

August 14, 2023 | 3:35 pm

DHI

A significant bullish stance has been taken on D.R. Horton (NYSE:DHI) by a large investor or institution, as evidenced by a large position appearing in publicly available options history. The overall sentiment of these big-money traders is 80% bullish and 20% bearish. Whales have been targeting a price range from $60.0 to $145.0 for D.R. Horton over the last 3 months. The current price of DHI is $123.14, with various experts maintaining or adjusting their ratings and price targets.

Portfolio Pulse from Benzinga Insights

August 14, 2023 | 3:31 pm

XLC

XLE

XLF

XLK

XLP

XLU

XLV

XLY

The U.S. retail sales figures for July are expected to show a 0.4% increase, marking the fourth consecutive month of positive growth. This is expected to alleviate concerns of a recession, thanks to a robust labor market and receding inflation. The impact on sector ETFs will depend on the actual sales figures. Higher-than-expected sales may positively influence cyclical sectors like XLE, XLF, and XLY, while lower-than-expected sales may benefit defensive sectors like XLU, XLV, and XLP. Tech-related sectors like XLK and XLC could see mixed impacts.

Portfolio Pulse from Piero Cingari

August 14, 2023 | 3:31 pm

BX

Over the past 5 years, Blackstone (NYSE:BX) has outperformed the market by 12.78% on an annualized basis, producing an average annual return of 22.18%. If an investor had bought $100 of BX stock 5 years ago, it would be worth $274.85 today.

Portfolio Pulse from Benzinga Insights

August 14, 2023 | 3:30 pm

EXR

Extra Space Storage (NYSE:EXR) has outperformed the market over the past 10 years, producing an average annual return of 12.05%. If an investor had bought $1000 of EXR stock 10 years ago, it would be worth $3,209.65 today. The company currently has a market capitalization of $27.57 billion.

Portfolio Pulse from Benzinga Insights

August 14, 2023 | 3:30 pm

COIN

ETHUSD

SHIBUSD

The anonymous creator of the Bald token has moved approximately $12 million in Ether back to the Ethereum blockchain from the Base network. The developer also deposited 2,100 Ether into the Kraken cryptocurrency exchange. This is the first instance where more funds were moved out of the Base network than were introduced. The token's value had surged by 4,000,000% in just a few days but plummeted by 90% after the developer withdrew a significant amount of liquidity.

Portfolio Pulse from Murtuza Merchant

August 14, 2023 | 3:05 pm

MOND

Mondee Holdings Inc (NASDAQ:MOND) has acquired Skypass Travel Inc for approximately $15 million in cash and stock. The acquisition is expected to support Mondee's expansion and diversification efforts, particularly in serving international corporations and small and midsize businesses. Mondee plans to use its AI-Powered Travel Marketplace and technology to enhance services and generate additional revenue. Skypass had a gross revenue of $45 million and adjusted EBITDA of $4 million in 2022.

Portfolio Pulse from Shivani Kumaresan

August 14, 2023 | 3:04 pm