Streetbeat News

Assets

SNOW

A significant bearish stance has been taken on Snowflake (NYSE:SNOW) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is split, with 40% bullish and 60% bearish. Whales have been targeting a price range from $100.0 to $180.0 for Snowflake over the last 3 months. Exane BNP Paribas, Oppenheimer, and Scotiabank have given price targets of $173, $220, and $213 respectively.

Portfolio Pulse from Benzinga Insights

August 11, 2023 | 6:00 pm

EQIX

Equinix (NASDAQ:EQIX) has outperformed the market over the past 20 years, producing an average annual return of 21.46%. If an investor had bought $1000 of EQIX stock 20 years ago, it would be worth $48,470.11 today.

Portfolio Pulse from Benzinga Insights

August 11, 2023 | 6:00 pm

Chubb (NYSE:CB) has outperformed the market over the past 15 years by 1.5% on an annualized basis, producing an average annual return of 10.14%. If an investor had bought $100 of CB stock 15 years ago, it would be worth $415.91 today.

Portfolio Pulse from Benzinga Insights

August 11, 2023 | 6:00 pm

ETHUSD

A total of 4,742 Ether (ETH) worth $8.7 million was burned from Ethereum transactions on Thursday. This follows the implementation of the Ethereum improvement proposal EIP-1159, which changes the fee model and burns a base fee from each transaction, reducing the supply of Ether. Ethereum is currently issuing new Ether at a rate of 4% per year, expected to decrease to 0.5-1% with the Ethereum 2.0 upgrade. The net annualized issuance rate for Ether was -4.68% yesterday.

Portfolio Pulse from Benzinga Insights

August 11, 2023 | 6:00 pm

Micron Technology Inc's shares are trading lower by 1.77% due to greater-than-expected inflation indicated by July PPI data. Higher inflation could increase production costs and squeeze Micron's profit margins. If inflation continues to exceed expectations, the Fed might consider raising interest rates, making borrowing more expensive for companies like Micron and impacting their investment plans.

Portfolio Pulse from Henry Khederian

August 11, 2023 | 5:57 pm

ARKK

BTCUSD

COIN

The U.S. Securities and Exchange Commission (SEC) has once again delayed its decision on the spot Bitcoin (CRYPTO: BTC) exchange-traded fund (ETF) proposed by ARK Investment Management. The SEC has initiated a 21-day public comment window for the ARK 21Shares Bitcoin ETF, marking another delay in the approval process. ARK's initial application was submitted in May, with the SEC having until January 2024 to finalize its stance. The SEC has previously rejected ARK's crypto ETF submissions, citing inadequate measures to prevent deceptive and manipulative activities.

Portfolio Pulse from Murtuza Merchant

August 11, 2023 | 5:47 pm

CAT

A significant amount of unusual options activity has been observed for Caterpillar (NYSE:CAT), with a majority of investors taking a bearish stance. Whales have been targeting a price range from $220.0 to $300.0 for Caterpillar over the last 3 months. The current price of CAT is $284.83, up 0.36%. Analysts from Wells Fargo, Baird, Barclays, Goldman Sachs, and B of A Securities have maintained their ratings on Caterpillar, with price targets ranging from $234 to $323.

Portfolio Pulse from Benzinga Insights

August 11, 2023 | 5:46 pm

AAL

AZUL

BLNK

HON

HRI

JBLU

SPCE

UPS

The article reports on the recent options activity in the Industrials sector, highlighting the trades made by 'whales' or entities with large sums of money. The stocks mentioned include UPS, SPCE, JBLU, GE, AAL, BLNK, AZUL, BA, HRI, and HON. The sentiment associated with these trades varies from neutral to bullish or bearish, potentially indicating the expected direction of the stock price.

Portfolio Pulse from Benzinga Insights

August 11, 2023 | 5:35 pm

AAPL

AMD

AVGO

HPE

MSFT

NET

NVDA

ORCL

PLTR

SMCI

The article reports on the options activity of 10 Information Technology stocks in today's session. The stocks include NVDA, ORCL, PLTR, AAPL, AMD, HPE, NET, AVGO, SMCI, and MSFT. The options activity is tracked using Benzinga's options activity scanner, which monitors the transactions of entities with large sums of money, also known as 'whales'. The article provides detailed information on the type of options activity (call or put), the sentiment (bullish, bearish, or neutral), the expiration date, the strike price, the total trade price, the open interest, and the volume for each stock.

Portfolio Pulse from Benzinga Insights

August 11, 2023 | 5:35 pm

NVO

Novo Nordisk (NYSE:NVO) has outperformed the market over the past 10 years, producing an average annual return of 17.97%. If an investor had bought $100 of NVO stock 10 years ago, it would be worth $521.42 today.

Portfolio Pulse from Benzinga Insights

August 11, 2023 | 5:30 pm