Streetbeat News

Assets

SRM

SRM Entertainment, Inc (NASDAQ:SRM) is set to start trading on NASDAQ on July 20. The company's IPO shares are expected to be priced between $4.50 and $5.50 per share. An insider lock-up period of 180 days is set to end on January 16, 2024.

Portfolio Pulse from Benzinga Insights

July 19, 2023 | 3:00 pm

SPY

UNG

USA gasoline inventories have seen a draw of 1.066M, compared to the estimated draw of 1.577M and the prior draw of 0.003M.

Portfolio Pulse from Happy Mohamed

July 19, 2023 | 2:32 pm

SPY

UNG

USO

The Energy Information Administration (EIA) reported a weekly distillates stocks build of 0.014M, which is significantly lower than the estimated build of 0.460M and the prior build of 4.815M.

Portfolio Pulse from Happy Mohamed

July 19, 2023 | 2:32 pm

SPY

USO

USA crude oil inventories have seen a draw of 0.708M, which is less than the estimated draw of 2.440M and significantly less than the prior build of 5.946M.

Portfolio Pulse from Happy Mohamed

July 19, 2023 | 2:31 pm

BTCUSD

ETHUSD

A digital wallet associated with the Kraken cryptocurrency exchange has transferred over 61,000 Ether (ETH), worth over $116 million, that was acquired during the initial coin offering (ICO) eight years ago. The transfer could indicate plans to sell the tokens, stake them on an exchange, or diversify into other tokens. This follows a trend of old wallets transferring large amounts of Bitcoin (BTC) or Ether to exchanges this year.

Portfolio Pulse from Murtuza Merchant

July 19, 2023 | 2:25 pm

BLK

IVZ

NDAQ

The U.S. Securities and Exchange Commission (SEC) has accepted applications for spot bitcoin exchange-traded funds (ETFs) from six firms including BlackRock, Bitwise, VanEck, WisdomTree, Fidelity, and Invesco. The SEC has previously rejected similar applications due to concerns over anti-fraud and investor protection standards. Nasdaq, where BlackRock proposed to list its ETF, plans to address these concerns by working with Coinbase to police trading in the underlying bitcoin market.

Portfolio Pulse from Happy Mohamed

July 19, 2023 | 2:06 pm

CVNA

An option alert has been issued for Carvana (CVNA) for January 19 $100 calls. The alert indicates 200 calls at the ask price of $6.5, compared to an open interest of 16679. The reference price is $51.6.

Portfolio Pulse from Charles Gross

July 19, 2023 | 1:58 pm

AMRN

AQMS

CVNA

PBLA

SEV

SMX

US stocks traded higher with the Dow Jones gaining over 100 points. Goldman Sachs reported weaker-than-expected Q2 earnings with a 60% Y/Y plunge in EPS. SMX shares rose 39% after receiving a notice of allowance for its US patent application. Panbela Therapeutics shares rose 37% after divesting certain assets for $9.5 million. Carvana shares rose 28% after reporting better-than-expected Q2 sales. Sono Group shares dropped 33% after receiving a notice of delisting from Nasdaq. Amarin Corporation shares were down 22% after initiating an organizational restructuring program. Aqua Metals shares fell 22% after pricing a $17.4 million public offering.

Portfolio Pulse from Lisa Levin

July 19, 2023 | 1:58 pm

INTU

Unusual options activity has been observed for Intuit (NASDAQ:INTU), with a large position indicating a bullish stance. The sentiment among these big-money traders is split 50% bullish and 50% bearish. The options trades suggest a target price range of $460.0 to $500.0 for Intuit. Keybanc has maintained their Overweight rating on Intuit with a price target of $525, while Exane BNP Paribas upgraded its action to Neutral with a price target of $532.

Portfolio Pulse from Benzinga Insights

July 19, 2023 | 1:46 pm

SCHW

Charles Schwab (NYSE:SCHW) has seen unusual options activity, with a large bullish position appearing in publicly available options history. The overall sentiment of these big-money traders is split between 73% bullish and 26% bearish. The price of SCHW is up 2.24% at $67.49. Several financial institutions have maintained their positive ratings on Charles Schwab, with price targets ranging from $60 to $77.

Portfolio Pulse from Benzinga Insights

July 19, 2023 | 1:46 pm