Streetbeat News

Assets

JEPQ

JPM

CNBC has mentioned JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) in its final trade segment. JPMorgan Chase & Co. (JPM) is the issuer of this ETF.

Portfolio Pulse from Happy Mohamed

August 08, 2023 | 5:05 pm

BLK

A significant amount of unusual options activity has been observed for BlackRock (NYSE:BLK), with a majority of investors taking a bearish stance. Of the 16 strange trades detected, 56% were bearish and 43% bullish. The total amount for puts was $840,158 and for calls was $76,490. Whales have been targeting a price range from $270.0 to $730.0 for BlackRock over the last 3 months. The stock is currently down 2.6% at $694.0. Several financial institutions have maintained their positive ratings on BlackRock, with price targets ranging from $785 to $888.

Portfolio Pulse from Benzinga Insights

August 08, 2023 | 4:46 pm

OXY

A significant investor has taken a bearish stance on Occidental Petroleum (NYSE:OXY), with 72% of recent trades being bearish. The price target for the company over the last three months has been between $50.0 and $77.5. The price of OXY is currently down -0.68% at $63.47. Analysts from Raymond James, Truist Securities, Morgan Stanley, Stephens & Co., and Citigroup have maintained their ratings on the company, with price targets ranging from $60 to $80.

Portfolio Pulse from Benzinga Insights

August 08, 2023 | 4:30 pm

ETHUSD

TRXUSD

USDTUSD

A 'whale' has made two significant deposits into the Huobi exchange, increasing its reserves of Tether (USDT) and Ether (ETH). The deposits total $200 million USDT and 5,000 Ether, worth $9.15 million. However, there has been a noticeable outflow from the Huobi platform, with Ethereum-based tokens worth $92.2 million being withdrawn. Huobi's token (HT) has experienced a slight dip of 2%, currently trading at $2.62.

Portfolio Pulse from Murtuza Merchant

August 08, 2023 | 4:29 pm

PAYO

Payoneer Global Inc (NASDAQ:PAYO) reported Q2 FY23 sales growth of 40% YoY to $206.73 million, beating the analyst consensus. Operating income was $33.4 million, with an operating margin of 16.2%. Adjusted EBITDA jumped 280% to $56 million. The company also announced the asset acquisition of Israel-based Spott. Payoneer raised FY23 revenue guidance from $810 million - $820 million to $820 million - $830 million. PAYO shares are trading higher by 7.79% at $5.47.

Portfolio Pulse from Shivani Kumaresan

August 08, 2023 | 4:25 pm

BRDG

Bridge Investment Group Holdings Inc. (NYSE:BRDG) has announced the acquisition of a six-property portfolio of Workforce & Affordable Housing properties in the Greater Boston area, comprising 1,722 residential units. The financial terms of the deal were not disclosed. The acquisition expands Bridge's Workforce & Affordable Housing geography into another major market.

Portfolio Pulse from Happy Mohamed

August 08, 2023 | 4:17 pm

SPY

USO

The U.S. Energy Information Administration (EIA) has revised its forecast for U.S. crude oil production, now expecting it to rise by 330,000 barrels/day to 13.09 million barrels/day in 2024. This is an increase from the previously forecasted rise of 290,000 barrels/day.

Portfolio Pulse from Happy Mohamed

August 08, 2023 | 4:12 pm

SPY

USO

The U.S. Energy Information Administration (EIA) has revised its forecast for U.S. crude oil production, predicting an increase of 850,000 barrels per day to 12.76 million barrels in 2023. This is a significant increase from the previously forecasted rise of 670,000 barrels per day.

Portfolio Pulse from Happy Mohamed

August 08, 2023 | 4:11 pm

CVX

A significant bearish stance has been taken on Chevron (NYSE:CVX) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is split between 45% bullish and 54% bearish. The whales have been targeting a price range from $120.0 to $190.0 for Chevron over the last 3 months. The price of CVX is currently down -1.09% at $158.16. Analysts from Morgan Stanley, Goldman Sachs, UBS, and Mizuho have maintained their ratings on Chevron, with price targets ranging from $187 to $205.

Portfolio Pulse from Benzinga Insights

August 08, 2023 | 4:00 pm

MRNA

A significant investor has taken a bearish stance on Moderna (NASDAQ:MRNA), with 58% of recent trades being bearish and 41% bullish. The majority of these trades are puts, with a total amount of $1,041,280, compared to calls amounting to $119,205. The targeted price range for Moderna over the last 3 months has been between $60.0 and $175.0. The current price of MRNA is down -1.64% at $99.54, and RSI indicators suggest the stock may be oversold.

Portfolio Pulse from Benzinga Insights

August 08, 2023 | 4:00 pm