Streetbeat News

Assets

ERUS

KEUA

PFIX

SPKX

A screening of small-cap ETFs with Assets Under Management (AUM) below $400 million revealed the largest positive and negative returns of the week. Winners include Simplify Interest Rate Hedge ETF (PFIX) and ConvexityShares 1x SPIKES Futures ETF (SPKX), while losers include iShares MSCI Russia ETF (ERUS) and KraneShares European Carbon Allowance Strategy ETF (KEUA).

Portfolio Pulse from Johnny Rice

August 04, 2023 | 4:41 pm

MCK

Unusual options activity has been observed for McKesson (NYSE:MCK), with a significant bullish stance taken by a large investor. The sentiment among these big-money traders is 81% bullish and 18% bearish. The targeted price range for McKesson over the last 3 months is $400.0 to $440.0. Current price of MCK is down -2.19% at $425.6. Analysts from Mizuho, UBS, and Morgan Stanley have maintained their Neutral, Buy, and Overweight ratings respectively.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 4:32 pm

DHI

A significant bearish stance has been taken on D.R. Horton (NYSE:DHI) as evidenced by unusual options activity. The sentiment among these big-money traders is split between 23% bullish and 76% bearish. The whales have been targeting a price range from $100.0 to $130.0 for D.R. Horton over the last 3 months. The price of DHI is up 2.6% at $126.09. Various experts have maintained their ratings on D.R. Horton with price targets ranging from $120 to $164.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 4:32 pm

BTCUSD

GBTC

Deep Knowledge Investing's July 2023 report discusses key issues affecting the investment landscape. Major institutional firms including BlackRock, Bitwise, Invesco, Deutsche Bank, WisdomTree, and Fidelity have filed for Bitcoin ETFs, which could impact the Grayscale Bitcoin Trust (GBTC). The report also discusses mixed economic data, potential issues with the VIX, the possibility of a BRICS currency, and Japan's financial problems. The report concludes with a positive outlook on the younger generation in finance.

Portfolio Pulse from Gary Brode

August 04, 2023 | 4:26 pm

WW

WW International has seen a significant option alert for August 11 $9 calls. A total of 1152 contracts were traded near the ask price at $0.3, compared to an open interest of 205. The reference price was $8.23.

Portfolio Pulse from Charles Gross

August 04, 2023 | 4:12 pm

COIN

Coinbase CEO Brian Armstrong has expressed his commitment to continue operations in the U.S., even if it loses its ongoing lawsuit against the Securities and Exchanges Commission. Armstrong also expressed his firm's determination to challenge the cease and desist orders issued by ten state regulators against the company's staking service and to extend staking services across all 50 states in the United States. In the worst-case scenario, Armstrong suggested that Coinbase might have to delist the 13 crypto tokens listed as securities in the regulator’s lawsuit against the exchange.

Portfolio Pulse from Murtuza Merchant

August 04, 2023 | 4:03 pm

JPM

A large investor has taken a bearish stance on JPMorgan Chase (NYSE:JPM), with 83% of big-money traders also showing bearish sentiment. The investor's options trades suggest a target price range of $90.0 to $185.0 for JPMorgan Chase over the next three months. Meanwhile, Citigroup and Morgan Stanley have downgraded their ratings to Neutral and Overweight respectively, both with a price target of $160. Oppenheimer and Atlantic Equities maintain their Outperform and Neutral ratings respectively, with price targets of $227 and $160.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 4:02 pm

WBD

A significant bearish stance has been taken on Warner Bros. Discovery (NASDAQ:WBD) by a large investor, as observed in the unusual options activity. The overall sentiment of these big-money traders is split between 46% bullish and 53% bearish. The whales have been targeting a price range from $2.5 to $15.0 for Warner Bros. Discovery over the last 3 months. The price of WBD is up 6.94% at $13.79, with RSI indicators hinting at an overbought situation.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 4:02 pm

BTCUSD

ETHUSD

ProShares and Bitwise have submitted proposals to the U.S. Securities and Exchange Commission (SEC) for the establishment of Bitcoin and Ether focused ETFs. ProShares' ETF is intended to track the performance of maintaining long positions in the soonest maturing monthly Bitcoin and Ether futures contracts. Bitwise has lodged an application for a Bitcoin and Ether Market Weight ETF. This expands ProShares' portfolio of crypto-related funds, which already includes a Bitcoin futures ETF.

Portfolio Pulse from Murtuza Merchant

August 04, 2023 | 4:01 pm

QQQ

SQQQ

ProShares UltraPro Short QQQ ETF (SQQQ) shares are trading lower after Fitch downgraded the long-term credit rating of the US. This has affected market sentiment and pressured growth sectors. SQQQ rises when the Nasdaq-100 (QQQ) index falls, and a credit rating downgrade can trigger a decline in the broader market indices. As investors move away from riskier assets, they may seek protection in inverse ETFs like SQQQ.

Portfolio Pulse from Henry Khederian

August 04, 2023 | 3:49 pm