Streetbeat News

Assets

PCT

PureCycle Technologies shares rose after announcing a $90 million capital raise through transactions with Sylebra Capital Management and Samlyn Capital.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 7:46 pm

DJD

FYBR

SPDG

VZ

Verizon Communications Inc (NYSE:VZ) is set to record up to $1.9 billion in costs for layoffs and asset sales in Q3 2024. The company plans to downsize 4,800 employees and discontinue certain real estate assets. Verizon recently reported a slight topline growth and agreed to acquire Frontier Communications for $20 billion.

Portfolio Pulse from Anusuya Lahiri

September 12, 2024 | 6:20 pm

BAC

BK

BX

COIN

CRBG

GS

HOOD

IVZ

MA

PGR

The article highlights unusual options activity in the financial sector, focusing on trades involving companies like PGR, HOOD, COIN, CRBG, IVZ, BAC, MA, BK, BX, and GS. These activities indicate potential trading opportunities based on bullish or bearish sentiments.

Portfolio Pulse from Benzinga Insights

September 12, 2024 | 5:35 pm

ADBE

AMD

AVGO

IONQ

MSFT

MU

NVDA

SMCI

TXN

U

The article highlights unusual options activity for several IT stocks, indicating potential trading opportunities. Notable mentions include NVDA, AVGO, U, AMD, SMCI, MU, TXN, IONQ, MSFT, and ADBE, with varying sentiments and expiration dates.

Portfolio Pulse from Benzinga Insights

September 12, 2024 | 5:35 pm

AAVEUSD

ETHUSD

Ethereum co-founder Vitalik Buterin has invested proceeds from selling ETH into the DeFi protocol Aave, indicating confidence in the platform. This move may influence others in the crypto community to follow suit, potentially increasing traffic to Aave. Aave has seen a 10% gain in the past week, with mixed opinions from traders on whether it's a good time to buy.

Portfolio Pulse from Khyathi Dalal

September 12, 2024 | 5:28 pm

GME

GameStop's options activity shows a mixed sentiment with significant investors targeting a price range of $18 to $40. Despite a recent price drop, options trades are predominantly bullish, with a notable volume and open interest. Analysts maintain a cautious outlook with a price target of $10.

Portfolio Pulse from Benzinga Insights

September 12, 2024 | 5:19 pm

BAC

BRK

Warren Buffett's Berkshire Hathaway has sold $7.2 billion worth of Bank of America shares since mid-July, reducing its stake to 11%. Despite this, BAC's stock has only dipped 1% since July and is up 16.7% year-to-date. The stock's technical indicators show short-term bearishness but potential long-term bullishness.

Portfolio Pulse from Surbhi Jain

September 12, 2024 | 4:22 pm

SPY

The U.S. Federal Reserve reported a record U.S. household net worth of $163.8 trillion in Q2 2024, with stock market values increasing by $0.7 trillion and real estate values by $1.8 trillion. Total non-financial debt rose at a 4.7% annualized rate, with household, non-financial business, federal, and state/local government debts also increasing.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 4:09 pm

ARES

Engie North America has partnered with Ares Management to sell its largest U.S. operating portfolio, which includes 15 renewable projects. Engie retains a controlling stake in the 2.7 GW portfolio, which is composed of solar, wind, and battery storage capacities.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 4:01 pm