Streetbeat News

Assets

ATVI

A significant bullish stance has been taken on Activision Blizzard (NASDAQ:ATVI) by an unknown entity, possibly an institution or wealthy individual. This was noticed through publicly available options history. The overall sentiment of these big-money traders is split between 58% bullish and 41% bearish. Whales have been targeting a price range from $80.0 to $95.0 for Activision Blizzard over the last 3 months. Benchmark has downgraded its action to Buy with a price target of $90.

Portfolio Pulse from Benzinga Insights

July 06, 2023 | 3:03 pm

SPY

UNG

USA gasoline inventories have seen a draw of 2.550M, which is higher than the estimated draw of 1.417M. This is compared to a build of 0.603M in the prior period.

Portfolio Pulse from Happy Mohamed

July 06, 2023 | 3:03 pm

SPY

UNG

USO

The Energy Information Administration (EIA) reported a draw of 1.045 million barrels in weekly distillates stocks, compared to an estimated build of 0.296 million barrels and a prior build of 0.124 million barrels.

Portfolio Pulse from Happy Mohamed

July 06, 2023 | 3:02 pm

SPY

USO

USA crude oil inventories have reported a draw of 1.508M, which is higher than the estimated draw of 0.983M and significantly lower than the prior draw of 9.603M.

Portfolio Pulse from Happy Mohamed

July 06, 2023 | 3:02 pm

LDOUSD

Cryptocurrency Lido DAO (CRYPTO: LDO) has seen a decrease of 3.55% in its price over the past 24 hours, falling to $1.99. This is in contrast to its performance over the past week, where it saw an uptrend of 7.0%. The trading volume of Lido DAO has increased by 36.0% over the past week, and its circulating supply has increased by 0.26%, bringing it to 879.92 million, which is approximately 87.99% of its max supply of 1.00 billion. Lido DAO's current market cap ranking is #33 at $1.75 billion.

Portfolio Pulse from Benzinga Insights

July 06, 2023 | 3:00 pm

SHIBUSD

Shiba Inu's (CRYPTO: SHIB) price has decreased by 3.33% over the past 24 hours to $0.0000072, contrary to its performance over the past week where it experienced an up-trend of 2.0%. The trading volume for the coin has tumbled 1.0% over the past week while the circulating supply of the coin has risen 0.22%, bringing the circulating supply to 589.34 trillion. The current market cap ranking for SHIB is #19 at $4.27 billion.

Portfolio Pulse from Benzinga Insights

July 06, 2023 | 3:00 pm

AAPL

BLK

IEF

The article discusses the widening disconnect between rising yields and AI-driven stocks, particularly the 'magnificent seven' (Apple, Amazon, Alphabet, Meta Platforms, Microsoft, NVIDIA, Tesla). The iShares 7-10 Year Treasury Bond ETF (IEF) has fallen due to rising yields. ADP data indicates a strong jobs picture. The article also mentions that BlackRock is pushing for approval of a Bitcoin ETF. The article suggests that the current disconnect between rising interest rates and the 'magnificent seven' is not sustainable.

Portfolio Pulse from The Arora Report

July 06, 2023 | 2:46 pm

BTCUSD

Cryptocurrency services provider Matrixport predicts that Bitcoin (BTC) could reach a value of $125,000 by the end of 2024. This prediction is based on historical data indicating that a prolonged bullish trend typically follows the end of a bear market. The next halving of the mining reward, which often triggers an upward trend, is expected to occur in March/April 2024.

Portfolio Pulse from Murtuza Merchant

July 06, 2023 | 2:38 pm

IGC

IGC Pharma, Inc. has secured a $3 million investment from four funds managed by Bradbury Asset Management. The investment will be made through a private placement of ten million unregistered common shares at $0.30 each. The funds will be used to advance the company's Phase-2 clinical trial of IGC-AD1, a drug candidate for agitation in dementia caused by Alzheimer's disease.

Portfolio Pulse from Nabaparna Bhattacharya

July 06, 2023 | 2:27 pm

FUBO

FuboTV Inc. (NYSE:FUBO) has appointed Dan Sormaz as senior vice president, design. Sormaz, a veteran from Spotify, Sorare, and Boxee, will lead Fubo's product design operations. His appointment comes as Fubo continues to enhance its live TV streaming products, leveraging its proprietary AI and computer vision technology acquired from Edisn.ai in 2021. Fubo aims to provide the most intuitive and personalized TV experience for consumers.

Portfolio Pulse from Happy Mohamed

July 06, 2023 | 2:09 pm