Streetbeat News

Assets

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

BTCUSD

BTDR

Bitdeer Technologies Group (NASDAQ:BTDR) has announced the completion of its new Bitcoin mining facility in Bhutan. The facility, which received around 15,000 new mining machines in July, has 11,000 of these machines already operational. The company's self-mining operations produced 220 Bitcoin in July, a 41% increase compared to the previous year. The company's own hash rate had climbed to 7.9 EH/s by the end of July, a jump from 6.2 EH/s at June's end.

Portfolio Pulse from Murtuza Merchant

August 08, 2023 | 3:29 pm

BA

Boeing has announced that its Commercial Airplanes (BCA) division's gross orders count stands at 579 through July. After accounting for cancellations and conversions, the net orders count is 467. The official backlog of orders has increased from 4,879 to 4,928.

Portfolio Pulse from Happy Mohamed

August 08, 2023 | 3:14 pm

BA

Boeing reported 52 gross orders and no de-bookings in July, resulting in a total of 52 orders net of cancellations and conversions. The company also delivered 43 airplanes, including 32 737 Max in July.

Portfolio Pulse from Happy Mohamed

August 08, 2023 | 3:13 pm

BA

SPR

Boeing's aircraft deliveries fell in July due to supply chain disruptions affecting its 737 narrowbody jet. The company delivered 43 aircraft, down from 60 in June, and fewer than Airbus' 65. The 737 MAX deliveries fell from 48 in June to 32 in July, the lowest since April. Boeing CEO Dave Calhoun cited rework to fix a bracket defect, a work stoppage at supplier Spirit AeroSystems, and a bridge collapse impacting railway deliveries as reasons for the fall. Despite this, Boeing's gross orders since January rose to 579 in July.

Portfolio Pulse from Happy Mohamed

August 08, 2023 | 3:11 pm

TM

A significant investor has taken a bearish stance on Toyota Motor (NYSE:TM), with 52% of recent trades showing bearish expectations. The trades include 3 puts totaling $311,236 and 14 calls totaling $967,928. Whales have been targeting a price range from $170.0 to $185.0 for Toyota Motor over the last 3 months. The price of TM is currently down -2.35% at $169.32.

Portfolio Pulse from Benzinga Insights

August 08, 2023 | 3:01 pm