Streetbeat News

Assets

SPY

USA Wholesale Inventories for June decreased by 0.5%, which is lower than the estimated -0.3% and the prior -0.3%.

Portfolio Pulse from Happy Mohamed

August 08, 2023 | 2:00 pm

AAPL

DIS

Disney is set to announce its latest quarterly earnings, with analysts keen to hear CEO Bob Iger's thoughts on mergers and acquisitions. Iger has retained former executives Kevin Mayer and Tom Staggs to help decide the future of ESPN. This follows Iger's recent comments suggesting Disney may shed some of its assets.

Portfolio Pulse from Happy Mohamed

August 08, 2023 | 1:56 pm

PANW

A significant investor has taken a bullish stance on Palo Alto Networks (NASDAQ:PANW), with 53% of investors opening trades with bullish expectations and 46% with bearish. The whales have been targeting a price range from $166.67 to $230.0 for Palo Alto Networks over the last 3 months. The price of PANW is currently down -2.73% at $209.37. Several financial institutions have maintained their positive ratings on Palo Alto Networks, with price targets ranging from $250 to $305.

Portfolio Pulse from Benzinga Insights

August 08, 2023 | 1:46 pm

BKNG

A significant bearish stance has been taken on Booking Holdings (NASDAQ:BKNG) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is split between 21% bullish and 78% bearish. The whales have been targeting a price range from $1450.0 to $3900.0 for Booking Holdings over the last 3 months. The current price of BKNG is down -1.51% at $3194.11. Several financial institutions have maintained their positive ratings on Booking Holdings, with price targets ranging from $2800 to $3740.

Portfolio Pulse from Benzinga Insights

August 08, 2023 | 1:46 pm

GOOGL

META

MSFT

Meta Platforms, Inc. has downsized an AI team hired to create a database of over 600 million protein structures, shifting its focus to commercializing AI products. The company has also undergone significant restructuring, including management changes and job cuts affecting about 20,000 staff. Meta's shares are trading lower by 0.20% at $316.02.

Portfolio Pulse from Anusuya Lahiri

August 08, 2023 | 1:45 pm

ALGOUSD

BTCUSD

ETHUSD

RPLUSD

Bitcoin (BTC) and Ethereum (ETH) traded higher, with BTC surpassing the key $29,500 level and ETH trading above the $1,800 mark. Algorand (ALGO) was the top gainer over the past 24 hours, while Rocket Pool (RPL) was the biggest loser. The global crypto market cap rose to $1.18 trillion, recording a 24-hour gain of 1.4%.

Portfolio Pulse from Lisa Levin

August 08, 2023 | 1:39 pm

BNBUSD

ETHUSD

PYPL

Scammers are exploiting the recent introduction of PayPal's dollar-backed stablecoin, with over 66 imitation tokens appearing on platforms including Ethereum, BNB Chain, and Base. The fraudsters launch a token labeled 'PYUSD', infuse it with liquidity using ether or another token, and present it to users on a decentralized exchange platform. This scam can generate thousands of dollars within hours for the fraudsters, and can leave investors with worthless digital remnants.

Portfolio Pulse from Murtuza Merchant

August 08, 2023 | 1:19 pm

SPY

Federal Reserve's Barkin stated that the GDP remains solid and the labor market is 'remarkably resilient'. However, he also noted that inflation remains too high.

Portfolio Pulse from Happy Mohamed

August 08, 2023 | 1:16 pm

COF

ISPO

Capital One Ventures has entered into an agreement for a $25 million convertible note investment in Inspirato, a luxury travel subscription service.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 1:02 pm

JEWL

Adamas One Corp. (Nasdaq: JEWL) has announced its intention to acquire Flawless Allure Grown Diamonds, LLP (FAGD), a key lab-grown diamond manufacturer. The acquisition includes all patents, trademarks, know-how, trade secrets, supply lists and other assets of intellectual property, as well as all material assets, including property and property rights currently held by FAGD. The acquisition will allow Adamas One to control all aspects of production of lab-grown diamonds.

Portfolio Pulse from Happy Mohamed

August 08, 2023 | 12:53 pm