Streetbeat News

Assets

SHIBUSD

Shiba Inu (CRYPTO: SHIB) is trading lower by 3.14% amid overall weakness in cryptocurrencies. The altcoin may be trading lower in sympathy with the broader U.S. market following better-than-expected US jobs data, which could raise concerns over further rate hikes. Higher interest rates increase the opportunity cost of holding altcoins like Shiba Inu, which can negatively impact its price and liquidity.

Portfolio Pulse from Henry Khederian

July 06, 2023 | 7:12 pm

CMG

A significant bearish stance has been taken on Chipotle Mexican Grill (NYSE:CMG) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is split between 31% bullish and 68% bearish. The whales have been targeting a price range from $1250.0 to $2550.0 for CMG over the last 3 months. The current price of CMG is down -1.08% at $2097.72. Analysts have mixed opinions, with some maintaining their Outperform rating and others downgrading to Neutral or Outperform.

Portfolio Pulse from Benzinga Insights

July 06, 2023 | 7:01 pm

LULU

A significant bearish stance has been taken on Lululemon Athletica (NASDAQ:LULU) as indicated by unusual options activity. The sentiment among big-money traders is split between 42% bullish and 57% bearish. The options activity suggests a targeted price range from $300.0 to $460.0 for Lululemon Athletica over the last 3 months. Morgan Stanley has downgraded its action to Overweight with a price target of $424, while Piper Sandler maintains an Overweight rating with a price target of $450.

Portfolio Pulse from Benzinga Insights

July 06, 2023 | 7:01 pm

BSVUSD

Bitcoin SV (CRYPTO: BSV) has seen a price increase of 6.79% in the past 24 hours, reaching $43.9. This continues its positive trend over the past week, with a 13.0% gain. However, the trading volume for the coin has decreased by 28.0% over the past week. The coin's current circulating supply is at an estimated 91.74% of its max supply, with a market cap ranking of #50 at $842.29 million.

Portfolio Pulse from Benzinga Insights

July 06, 2023 | 7:00 pm

MKRUSD

Cryptocurrency Maker (MKR) has seen a price increase of 6.28% in the last 24 hours, reaching $992.51. This continues its positive trend over the past week, with a 41.0% gain. The trading volume for the coin has increased 287.0% over the past week, and the overall circulating supply has increased 0.14% to over 901 thousand, which makes up an estimated 89.63% of its max supply.

Portfolio Pulse from Benzinga Insights

July 06, 2023 | 7:00 pm

XLMUSD

Stellar's (CRYPTO: XLM) price has decreased by 3.19% over the past 24 hours to $0.10, continuing its downward trend over the past week of -4.0%. The trading volume for the coin has fallen 44.0% over the past week, while the overall circulating supply of the coin has increased 0.25% to 27.04 billion. The current market cap ranking for XLM is #28 at $2.63 billion.

Portfolio Pulse from Benzinga Insights

July 06, 2023 | 7:00 pm

DUK

Duke Energy Corp (DUK) has sold its commercial distributed generation business to an affiliate of ArcLight Capital Partners LLC for an enterprise value of $364 million. This completes the monetization of the company’s Commercial Renewables (CR) business. BMO Capital analyst James Thalacker reiterated an Outperform rating on DUK shares and lowered the price target from $102 to $101. The sale is in line with the Street's expectations and allows investors to focus on the company’s efforts in securing regulatory clarity in its two primary North Carolina rate cases this year.

Portfolio Pulse from Shivani Kumaresan

July 06, 2023 | 6:59 pm

PLTR

A significant bearish stance has been taken on Palantir Technologies (NYSE:PLTR) by a large investor or institution, as indicated by unusual options activity. The overall sentiment of these big-money traders is split between 29% bullish and 70% bearish. The whales have been targeting a price range from $1.0 to $30.0 for Palantir Technologies over the last 3 months. The price of PLTR is currently down -3.82% at $15.1. Raymond James has downgraded its action to Outperform with a price target of $18, while B of A Securities maintains their Buy rating with a price target of $18.

Portfolio Pulse from Benzinga Insights

July 06, 2023 | 6:31 pm

ADSK

A significant amount of unusual options activity has been observed for Autodesk (NASDAQ:ADSK), with a majority of investors taking a bearish stance. The trades include 7 puts and 3 calls, with a total amount of $228,882 and $393,979 respectively. The targeted price range for Autodesk over the last 3 months is from $165.0 to $240.0. Currently, Autodesk's stock price is down by 1.78% at $200.22. Rosenblatt has downgraded its action to Buy with a price target of $235.

Portfolio Pulse from Benzinga Insights

July 06, 2023 | 6:31 pm

BTCUSD

DOGEUSD

ETHUSD

The article discusses the potential for investors to become millionaires if Dogecoin (CRYPTO: DOGE) returns to its all-time high. It highlights the coin's rise in popularity in 2021, supported by figures like Elon Musk and Mark Cuban, and its subsequent fall after Musk's appearance on 'Saturday Night Live'. The article also mentions the impact of bankruptcies of several cryptocurrency companies in 2022 on Dogecoin's value. It concludes by stating that there is no guarantee that Dogecoin will rise in 2023 or in the future.

Portfolio Pulse from Chris Katje

July 06, 2023 | 6:16 pm