Streetbeat News

Assets

AAPL

AMZN

GOOG

META

MSFT

NVDA

TSLA

The article suggests that investors who own stocks in Apple, Amazon, Alphabet, Meta Platforms, Microsoft, NVIDIA, and Tesla, known as the 'magnificent seven', should consider diversifying their portfolios due to heavy concentration in these stocks. Boeing is recommended as a good diversifier due to its long-term opportunities, recent earnings surpassing consensus and whisper numbers, and potential for recurring revenues. The article also mentions the Arora Report's Model Portfolio, which includes six of the 'magnificent seven' stocks and Boeing.

Portfolio Pulse from The Arora Report

August 04, 2023 | 2:10 pm

AMSC

CAT

ENVX

NKLA

UNP

UPS

VRT

WCC

ZTO

Benzinga's options activity scanner has identified unusual options activity in the Industrials sector. The stocks involved are Nikola Corporation (NKLA), ZTO Express (ZTO), Vertiv Holdings (VRT), American Superconductor Corporation (AMSC), United Parcel Service (UPS), Enovix Corporation (ENVX), Union Pacific Corporation (UNP), The Boeing Company (BA), Caterpillar Inc. (CAT), and Wesco International (WCC). The options activity ranges from bearish to bullish and neutral sentiments.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 2:08 pm

TSLA

Tesla has acquired German wireless charging company Wiferion. The acquisition could have significant implications for Tesla's vehicle charging efforts. Wiferion had previously made a licensing deal with WiTricity, allowing it to enter the U.S. and North American markets. It's unclear when Tesla plans to deploy Wiferion's wireless charging technology.

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 2:07 pm

CPRI

CVNA

DASH

EXPE

NIO

TSLA

XPEV

The article reports on the options activity of 10 consumer discretionary stocks. The stocks mentioned are Tesla (TSLA), Carvana (CVNA), Wayfair (W), Ford (F), Li Auto (LI), NIO (NIO), DoorDash (DASH), Capri Holdings (CPRI), XPeng (XPEV), and Expedia (EXPE). The article provides details on the type of options activity (put/call), trade type, sentiment, expiration date, strike price, total trade price, open interest, and volume for each stock.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 2:07 pm

EOG

Unusual options activity has been observed for EOG Resources (NYSE:EOG), with a bearish stance taken by a large investor. The overall sentiment of these big-money traders is split between 41% bullish and 58% bearish. The price of EOG is up 2.18% at $132.88. Analysts from Raymond James, RBC Capital, Wells Fargo, Morgan Stanley, and Stifel have maintained their ratings on EOG Resources.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 2:06 pm

ETHUSD

On Wednesday, 5,116.84 Ether (ETH) worth $9,456,434 was burned from Ethereum transactions. This follows the Ethereum blockchain's upgrade known as EIP-1159, which changed the fee model and burns a base fee from each transaction. Ethereum is currently issuing new Ether at a rate of 4% per year, expected to decrease to around 0.5-1% with the Ethereum 2.0 upgrade. The net annualized issuance rate for Ether yesterday was -5.47%.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 2:05 pm

MCHP

A significant bearish stance has been observed in the options activity for Microchip Technology (NASDAQ:MCHP). Out of the 10 unusual trades detected, 70% were bearish and 30% bullish. The total amount for the 8 puts was $766,785 and for the 2 calls was $182,610. Whales have been targeting a price range from $70.0 to $90.0 for Microchip Technology over the last 3 months. The current price of MCHP is $90.27.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 2:05 pm

A significant amount of unusual options activity has been observed for Home Depot (NYSE:HD), with a split sentiment of 50% bullish and 50% bearish among big-money traders. The options trades range from $280.0 to $410.0 for Home Depot over the last 3 months. The current price of HD is up 1.0% at $331.77. Citigroup, Truist Securities, and Argus Research have all maintained their Buy rating on Home Depot.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 2:04 pm

OXY

Occidental Petroleum Corporation's CEO has stated that the Gulf of Mexico could become a significant growth area for the company in the next 3 to 5 years.

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 2:03 pm

BBD

ITUB

SAN

XP Inc (NASDAQ:XP), a Brazilian investment services company, is facing allegations of internal turmoil, unethical practices, and potential implosion, according to a report by Edwin Dorsey, author of 'The Bear Cave'. The report highlights issues such as a toxic management culture, potential regulatory issues, and accounting irregularities. XP's founder, Guilherme Benchimol, has also expressed dissatisfaction with the company's direction. The report also mentions that XP has a significantly higher number of complaints filed against it compared to other financial institutions like Banco Bradesco (NYSE:BBD), Banco Santander (NYSE:SAN), and Itaú Unibanco (NYSE:ITUB).

Portfolio Pulse from Michael Cohen

August 04, 2023 | 2:01 pm