Streetbeat News

Assets

URI

United Rentals (NYSE:URI) has outperformed the market over the past 20 years by 11.16% on an annualized basis, producing an average annual return of 19.01%. If an investor had bought $100 of URI stock 20 years ago, it would be worth $3,140.81 today.

Portfolio Pulse from Benzinga Insights

July 12, 2023 | 4:00 pm

AMT

American Tower (NYSE:AMT) has outperformed the market over the past 20 years by 8.53% on an annualized basis, producing an average annual return of 16.38%. If an investor had bought $1000 of AMT stock 20 years ago, it would be worth $21,266.88 today.

Portfolio Pulse from Benzinga Insights

July 12, 2023 | 4:00 pm

BTCUSD

MSTR

MicroStrategy (NASDAQ:MSTR) may sell its Bitcoin holdings in the event of severe price drops, particularly around the time its debt is due in mid-2025, according to a report from Bernstein. The company currently holds approximately 152,000 Bitcoin, which cost about $4.5 billion. Berenberg Capital Markets analysts have raised their price target for MicroStrategy from $430 to $510 due to a more favorable environment for Bitcoin's institutional adoption.

Portfolio Pulse from Murtuza Merchant

July 12, 2023 | 3:56 pm

AEM

FSM

GATO

GFI

GOLD

HMY

NEM

PAAS

SBSW

WPM

Precious metals stocks are trading higher as gold and silver prices increase due to a drop in the US dollar following soft June inflation data. Stocks mentioned include AEM, AU, FSM, GATO, GFI, GOLD, HL, HMY, NEM, PAAS, SBSW, WPM.

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 3:50 pm

CAT

A significant investor has taken a bearish stance on Caterpillar (NYSE:CAT), with 57% of recent trades being bearish and 42% bullish. The trades have targeted a price range of $210 to $270 for Caterpillar over the last 3 months. The current price of CAT is $255.15, up 0.91%, and RSI indicators suggest the stock may be approaching overbought. DA Davidson has downgraded its action to Neutral with a price target of $263.

Portfolio Pulse from Benzinga Insights

July 12, 2023 | 3:48 pm

AZO

A significant amount of unusual options activity has been detected for AutoZone (NYSE:AZO), with a majority of investors taking a bearish stance. Of the 11 strange trades detected, 36% were bullish and 63% were bearish. The trades included 4 puts worth $183,340 and 7 calls worth $294,967. Whales have been targeting a price range from $2160.0 to $2650.0 for AutoZone over the last 3 months. The current price of AZO is up 0.59% at $2568.19, with RSI indicators suggesting the stock may be approaching overbought.

Portfolio Pulse from Benzinga Insights

July 12, 2023 | 3:48 pm

A significant bearish stance has been taken on Blackstone (NYSE:BX) as indicated by unusual options activity. The sentiment among big-money traders is 80% bearish and 20% bullish. The whales have been targeting a price range from $90.0 to $110.0 for Blackstone over the last 3 months. The price of BX is currently up 1.1% at $99.55. Wells Fargo has maintained their Overweight rating on Blackstone, with a price target of $104.

Portfolio Pulse from Benzinga Insights

July 12, 2023 | 3:48 pm

QQQ

SPY

UUP

US consumer price inflation fell from 4% to 3% YoY in June, marking the twelfth consecutive decline and the lowest since March 2021. This has led to speculation of only one additional rate hike by the Federal Reserve. The US dollar fell to its lowest level since April 2022, with the Invesco DB USD Index Bullish Fund ETF down 0.9%. The stock market rallied, with the SPDR S&P 500 ETF Trust up 1.1% and the Invesco QQQ Trust up 1.6%. Five economists shared their perspectives, with most suggesting a potential pause in rate hikes due to the easing inflation.

Portfolio Pulse from Piero Cingari

July 12, 2023 | 3:42 pm

VWAGY

Audi AG, a subsidiary of Volkswagen AG (OTC:VWAGY), is reportedly in discussions with Chinese state-owned automaker SAIC Motor Corp to acquire an electric vehicle (EV) platform. This move comes as Audi seeks to improve its sales performance in China and capture a larger share of the world's largest auto market. Currently, Audi uses Volkswagen's EV-dedicated MEB platform for models offered in China.

Portfolio Pulse from Shivani Kumaresan

July 12, 2023 | 3:36 pm

A significant amount of unusual options activity has been observed for General Motors (NYSE:GM), indicating a bullish stance by a large investor or institution. The sentiment among these big-money traders is split between 56% bullish and 43% bearish. The targeted price range for GM over the last 3 months has been $37.0 to $45.0. The current price of GM is up 2.01% at $40.77. Analysts from Jefferies, Morgan Stanley, Citigroup, Barclays, and Wells Fargo have maintained their ratings on GM, with price targets ranging from $32 to $89.

Portfolio Pulse from Benzinga Insights

July 12, 2023 | 3:31 pm