Streetbeat News

Assets

LRCX

A significant bullish stance has been taken on Lam Research (NASDAQ:LRCX) as evidenced by unusual options activity. The overall sentiment of these big-money traders is split between 53% bullish and 46% bearish. The whales have been targeting a price range from $570.0 to $685.0 for Lam Research over the last 3 months. Wells Fargo has maintained their Equal-Weight rating on Lam Research, with a price target of $620, while Mizuho downgraded its action to Buy with a price target of $520.

Portfolio Pulse from Benzinga Insights

July 03, 2023 | 7:48 pm

VZ

A whale investor has taken a bullish stance on Verizon Communications (NYSE:VZ), with 70% of the investors opening trades with bullish expectations and 30% with bearish. The whale has been targeting a price range from $30.0 to $80.0 for Verizon over the last 3 months. The price of VZ is up 0.24% at $37.28. HSBC has maintained their Hold rating on Verizon, which currently sits at a price target of $39.

Portfolio Pulse from Benzinga Insights

July 03, 2023 | 7:47 pm

COIN

MSTR

MicroStrategy Incorporated (NASDAQ:MSTR) shares traded higher after Cboe refiled Bitcoin ETF proposals. Cboe is collaborating with Coinbase (NASDAQ:COIN) to prevent market manipulation during the ETF launch process. MicroStrategy, which has significant Bitcoin holdings, experienced above-average trading volume and has elevated short interest.

Portfolio Pulse from Ryan Gustafson

July 03, 2023 | 7:47 pm

AMD

INTC

SMH

SOXX

China has imposed export restrictions on gallium and germanium, metals critical in the production of semiconductors, 5G base stations, and solar panels. This move is seen as a counter to the U.S. and others' restrictions on high-end chips and chip-making equipment sales to China. The decision could impact U.S. companies like Intel Corporation and Advanced Micro Devices, Inc., as well as ETFs such as the VanEck Vectors Semiconductor ETF and the iShares PHLX Semiconductor ETF.

Portfolio Pulse from Benzinga Newsbot

July 03, 2023 | 7:43 pm

BLK

BTCUSD

COIN

GBTC

Bernstein suggests that the U.S. Securities and Exchange Commission (SEC) may soon approve spot Bitcoin ETFs, despite its concerns about the reliability of spot exchanges like Coinbase Global Inc. The SEC has already approved futures-based Bitcoin ETFs. Last month, a BlackRock Inc unit submitted paperwork for a spot Bitcoin ETF, and Grayscale is also trying to transform its Bitcoin Trust into an ETF. The report concludes that the SEC would prefer a regulated Bitcoin ETF led by mainstream Wall Street participants.

Portfolio Pulse from Murtuza Merchant

July 03, 2023 | 7:34 pm

INTU

Intuit Inc. (NASDAQ:INTU) has a total debt of $6.61 billion, with $6.11 billion in long-term debt and $501.00 million in current debt. After adjusting for $3.75 billion in cash-equivalents, the company has a net debt of $2.87 billion. The debt-ratio of the company is 0.23, considering its total assets of $28.92 billion. Debt is an important factor in a company's capital structure and can help it attain growth.

Portfolio Pulse from Benzinga Insights

July 03, 2023 | 7:16 pm

LINKUSD

Chainlink's (CRYPTO: LINK) price has risen 3.87% to $6.65 in the past 24 hours, continuing its positive trend over the past week with a 9.0% gain. The trading volume for the coin has increased 18.0% over the past week, while the overall circulating supply has decreased 0.06%. The current market cap ranking for LINK is #22 at $3.43 billion.

Portfolio Pulse from Benzinga Insights

July 03, 2023 | 7:00 pm

STETHUSD

Lido Staked Ether's (CRYPTO: STETH) price has risen 3.1% to $1,966.66 in the past 24 hours, continuing its positive trend over the past week with a 6.0% gain. The trading volume for the coin has increased 75.0% over the past week while the overall circulating supply of the coin has increased 1.93% to over 7.54 million. The current market cap ranking for STETH is #7 at $14.78 billion.

Portfolio Pulse from Benzinga Insights

July 03, 2023 | 7:00 pm

TRXUSD

TRON's (CRYPTO: TRX) price has risen by 3.04% to $0.08 in the past 24 hours, continuing its positive trend over the past week with a 6.0% gain. The trading volume for the coin has decreased by 9.0% over the past week, while the circulating supply has increased by 0.11% to 89.90 billion. TRX's current market cap ranking is #12 at $6.97 billion.

Portfolio Pulse from Benzinga Insights

July 03, 2023 | 7:00 pm

MARA

Marathon Digital Holdings, Inc. (NASDAQ:MARA) shares traded higher after Cboe refiled Bitcoin ETF proposals. Cboe intends to collaborate with Coinbase to prevent market manipulation during the ETF launch process. MARA stock experienced above-average trading volume, with a 10.5% increase in share price.

Portfolio Pulse from Ryan Gustafson

July 03, 2023 | 6:47 pm