Streetbeat News

Assets

MU

A large bearish position has been taken on Micron Technology (NASDAQ:MU), as observed from publicly available options history. The overall sentiment of these big-money traders is split between 35% bullish and 65% bearish. The whales have been targeting a price range from $50.0 to $95.0 for Micron Technology over the last 3 months. The price of MU is up 5.62% at $71.17. Several financial institutions have maintained or adjusted their ratings and price targets for Micron Technology.

Portfolio Pulse from Benzinga Insights

July 27, 2023 | 2:03 pm

INTC

A significant amount of unusual options activity has been observed for Intel (NASDAQ:INTC), with a majority of investors taking a bearish stance. Whales have been targeting a price range from $25.0 to $40.0 for Intel over the last 3 months. The price of INTC is currently up 1.18% at $34.77. Several research firms have downgraded their ratings on Intel, with price targets ranging from $27 to $35.

Portfolio Pulse from Benzinga Insights

July 27, 2023 | 2:03 pm

MCHP

Microchip Technology (NASDAQ:MCHP) has outperformed the market over the past 15 years, producing an average annual return of 12.48%. If an investor had bought $100 of MCHP stock 15 years ago, it would be worth $576.70 today.

Portfolio Pulse from Benzinga Insights

July 27, 2023 | 2:00 pm

CNQ

Canadian Natural Res (NYSE:CNQ) has outperformed the market over the past 20 years by 5.28% on an annualized basis, producing an average annual return of 13.4%. If an investor had bought $100 of CNQ stock 20 years ago, it would be worth $1,271.74 today.

Portfolio Pulse from Benzinga Insights

July 27, 2023 | 2:00 pm

SPY

The Pending Home Sales for June increased by 0.3%, which is lower than the estimated 0.5%.

Portfolio Pulse from Bill Haddad

July 27, 2023 | 2:00 pm

BTCUSD

ETHUSD

XLMUSD

Bitcoin and Ethereum recorded gains, with Bitcoin trading above $29,400 and Ethereum below $1,900. Stellar was the top gainer over the past 24 hours, while Toncoin was the biggest loser. The global crypto market cap rose to $1.19 trillion, recording a 24-hour gain of 1.1%.

Portfolio Pulse from Lisa Levin

July 27, 2023 | 1:33 pm

ZEV

Lightning eMotors has reached a settlement agreement with Linamar and Ematrix, according to which Linamar will pay Lightning eMotors $3M in cash.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 1:23 pm

AMZN

OXY

Occidental (NYSE:OXY), an international energy company, has selected Amazon Web Services (AWS), a subsidiary of Amazon.com, Inc. (NASDAQ:AMZN), as its preferred cloud provider. The multiyear agreement will see Occidental migrate its core production applications and IT infrastructure to AWS to improve operational efficiencies and support the development of systems for carbon removal. AWS will also work with Occidental and its subsidiary 1PointFive to develop systems architecture for large-scale direct air capture plants.

Portfolio Pulse from Happy Mohamed

July 27, 2023 | 1:08 pm

VICI

Canyon Ranch, a wellness destination, has announced a growth partnership with VICI Properties, a real estate investment trust. The partnership aims to expand Canyon Ranch's wellness offerings across North America and beyond. VICI Properties will invest an additional $150M in the partnership, which will power the expansion of Canyon Ranch to new markets for both its Wellness Club and Destination Resort offerings. The first location to debut both offerings will be Texas, with the inaugural Wellness Club opening in Fort Worth this fall, a Houston location in 2024, and the Canyon Ranch Austin resort in 2025.

Portfolio Pulse from Happy Mohamed

July 27, 2023 | 1:05 pm

CBWTF

CGC

DBCCF

HEXO

HITI

ROMJF

The Canadian cannabis market has shown steady growth, but underperforms the U.S. market. Only three out of the 17 Canadian companies reviewed showed positive operating cash flow (OCF) in 2022, including Decibel (OTC:DBCCF), High Tide (NASDAQ:HITI) and Rubicon (OTC:ROMJF). Companies with high net debt-to-sales ratios such as Auxly (OTC:CBWTF), Canopy Growth (NASDAQ:CGC), and HEXO Corp. (NASDAQ:HEXO) could face challenges if cash flow trends don't improve.

Portfolio Pulse from Nicolás Jose Rodriguez

July 27, 2023 | 1:05 pm