Streetbeat News

Assets

HUM

A significant bullish stance has been taken on Humana (NYSE:HUM) by a large investor, as indicated by a large position in the company's options. The sentiment among these big-money traders is split between 55% bullish and 44% bearish. The whales have been targeting a price range from $425.0 to $580.0 for Humana over the last 3 months. Several financial institutions have maintained their Buy or Overweight ratings on Humana, with price targets ranging from $540 to $637.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 10:32 am

DOGEUSD

Dogecoin (CRYPTO: DOGE) saw a surge in popularity in 2021, with its value increasing significantly. However, the crypto has fallen since its all-time high in 2021 due to market volatility and the bankruptcy of some cryptocurrencies. Elon Musk's acquisition of Twitter in 2022 and his subsequent promotion of Dogecoin on the platform has brought renewed attention to the meme crypto. A $100 investment in Dogecoin at the current price could yield a hypothetical return of 856.2% if the crypto returns to its all-time high.

Portfolio Pulse from Chris Katje

August 04, 2023 | 10:32 am

BTCUSD

MSTR

MicroStrategy Inc reported Q2 revenue of $120.4 million, down 1% YoY, missing the Street consensus estimate of $126.3 million. However, it beat the earnings per share estimate with $2.35 against the expected 71 cents. The company also reported acquiring 12,800 Bitcoins since Q1, spending $361.4 million. The company now holds 152,800 Bitcoins, having spent a total of $4.53 billion. MicroStrategy shares are down slightly to $433.64 in after-hours trading.

Portfolio Pulse from Chris Katje

August 04, 2023 | 10:31 am

AAVEUSD

BNBUSD

CRVUSD

Crypto research firm Delphi Digital has raised concerns about the potential for a DeFi implosion triggered by the $100 million debt of Curve Finance (CRYPTO: CRV) founder, Michael Egorov. Egorov has a massive loan backed by approximately 427.5 million CRV tokens, which is about 47% of the entire circulating supply of CRV. With CRV's value declining by 10% in the past 24 hours, the stability of Curve Finance is under threat. Egorov also has debts on the Aave (CRYPTO: AAVE) and Frax Finance platforms. Delphi Digital warns that these large positions at risk pose serious concerns to the CRV price considering the low amount of liquidity that exists.

Portfolio Pulse from Murtuza Merchant

August 04, 2023 | 10:29 am

USO

The American Petroleum Institute (API) reported a weekly crude stock draw of 15.4 million barrels, significantly higher than the estimated 900,000 barrels.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 10:28 am

FBRX

Forte Biosciences, Inc. has announced a $25 million financing to support the advancement of FB-102.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 10:28 am

CQP

Cheniere Energy Partners (AMEX:CQP) has outperformed the market over the past 15 years, producing an average annual return of 13.77%. If an investor had bought $1000 of CQP stock 15 years ago, it would be worth $7,005.39 today.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 10:27 am

CRM

Salesforce (NYSE:CRM) has outperformed the market over the past 15 years, producing an average annual return of 18.7%. An investment of $1000 in CRM stock 15 years ago would be worth $13,151.74 today.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 10:27 am

GLD

IWM

QQQ

TLT

UUP

The July labor market report is expected to influence future Federal Reserve rate decisions and could impact the volatility of five ETFs: iShares 20+ Year Treasury Bond ETF (TLT), Invesco DB USD Bullish Fund ETF (UUP), Invesco QQQ Trust (QQQ), iShares Russell 2000 ETF (IWM), and SPDR Gold Trust (GLD). Stronger-than-expected job growth and rising wages may lead investors to anticipate potential rate hikes, while lower-than-expected data could solidify expectations for a pause in rate increases.

Portfolio Pulse from Piero Cingari

August 04, 2023 | 10:26 am

OSTK

Overstock.com has relaunched Bed Bath & Beyond after acquiring some of its assets a few months ago. The newly-relaunched Bed Bath & Beyond website is offering enticing deals to attract new customers. Overstock's CEO, Jonathan Johnson, hinted that the Overstock name and ticker, $OSTK, may not be a fit anymore, but he is unsure if he wants to bring back Bed Bath & Beyond’s $BBBY ticker.

Portfolio Pulse from Aaron Bry

August 04, 2023 | 10:22 am