Streetbeat News

Assets

HIVE

MARA

MSTR

RIOT

Crypto-related stocks are trading higher following the news that Cboe has refiled Bitcoin ETF proposals. Stocks mentioned include HIVE, MARA, MSTR, and RIOT.

Portfolio Pulse from Benzinga Newsdesk

July 03, 2023 | 4:04 pm

F

A significant amount of unusual options activity has been detected for Ford Motor (NYSE:F), with a bearish stance being taken by a majority of investors. Of the 13 strange trades detected, 38% were bullish and 61% were bearish. The total amount for puts was $444,733 and for calls was $313,700. Whales have been targeting a price range from $10.0 to $21.35 for Ford Motor over the last 3 months. The price of Ford Motor is currently up 0.76% at $15.24.

Portfolio Pulse from Benzinga Insights

July 03, 2023 | 4:03 pm

T

A significant amount of unusual options activity has been observed for AT&T (NYSE:T), with a mix of bullish and bearish stances. The majority of the trades are calls, with a total amount of $749,943, while puts amount to $135,300. The price target range for AT&T over the last 3 months has been between $5.0 and $21.0. MoffettNathanson upgraded AT&T to Market Perform with a price target of $17, while HSBC maintained their Buy rating with a price target of $19.

Portfolio Pulse from Benzinga Insights

July 03, 2023 | 4:03 pm

RYAAY

Ryanair Holdings (NASDAQ:RYAAY) has outperformed the market over the past 20 years, producing an average annual return of 8.82%. If an investor had bought $1000 of RYAAY stock 20 years ago, it would be worth $5,434.62 today. The company currently has a market capitalization of $25.34 billion.

Portfolio Pulse from Benzinga Insights

July 03, 2023 | 4:00 pm

CGC

Canopy Growth Corporation (NASDAQ:CGC) announced it has completed all conversions pursuant to the $100 million convertible debentures and provided an update to its balance sheet actions. The company has equitized $263 million of the 4.25% Unsecured Notes due in July 2023, paid down $188 million of the senior secured term loan, refinanced $100 million of the 4.25% Unsecured Notes due in July 2023, and generated $81 million in cash proceeds from the disposition of five facilities. The company's shares are trading over 40% at 54 cents at the time of publication.

Portfolio Pulse from Erica Kollmann

July 03, 2023 | 3:51 pm

EBAY

PYPL

Grant Cardone, a self-made millionaire and founder of Cardone Capital, shared his financial strategies, including not rushing to diversify investments, using debt for businesses not individuals, investing in cash-flow real estate, buying in bulk, investing in networks, never being content, and not wasting time doing everything yourself. He mentioned Elon Musk's investment of his entire $22 million from selling Zip2 into X.com, and later diversifying after gaining wealth from PayPal's sale to eBay.

Portfolio Pulse from AJ Fabino

July 03, 2023 | 3:48 pm

AMZN

A significant amount of unusual options activity has been detected for Amazon.com (NASDAQ:AMZN), with a mix of bullish and bearish stances. The majority of the trades are calls, with a total amount of $1,599,440, while puts amount to $489,127. The targeted price range for Amazon.com over the last 3 months is from $54.0 to $160.0. Analysts from B of A Securities and Roth MKM maintain a Buy rating on Amazon.com, while JP Morgan and Wells Fargo have downgraded their actions to Overweight.

Portfolio Pulse from Benzinga Insights

July 03, 2023 | 3:47 pm

MCHP

Microchip Technology Inc. (NASDAQ:MCHP) plans to invest $300 million over several years to expand its operations in India. The investment will be used to improve facilities in Bangalore, Chennai, and a new research and development center in Hyderabad. The company's shares are trading higher by 0.33% at $89.29.

Portfolio Pulse from Akanksha Bakshi

July 03, 2023 | 3:35 pm

LHX

L3Harris Technologies Inc. is reportedly exploring a sale of its avionics business, which could fetch about $1 billion. The company is working with an adviser on the potential sale, which could attract interest from private equity firms and strategic buyers. No final decision has been made and L3Harris could opt to hold onto the business. The company's shares have fallen about 15% in the past year due to elevated material costs.

Portfolio Pulse from Benzinga Newsdesk

July 03, 2023 | 3:32 pm

CS

UBS

UBS Group has signed a loss protection agreement with the Swiss government regarding its acquisition of Credit Suisse. UBS will cover potential losses of the first CHF 5 billion, with the Swiss government covering any losses exceeding this up to CHF 9 billion. The bank is also planning a US recruitment drive for wealth managers, having already hired 50 financial advisers from various firms in H1 2021. UBS shares are trading higher by 0.69% at $20.41 premarket on Monday.

Portfolio Pulse from Akanksha Bakshi

July 03, 2023 | 3:24 pm