Streetbeat News

Assets

FCPT

Four Corners Property Trust (NYSE:FCPT) has acquired two properties from Tire Discounters for $5.3 million via a sale-leaseback transaction. The properties are located in North Carolina and Virginia and are corporate-operated under long-term, triple net leases. The transaction was priced at a cap rate in range with previous FCPT transactions.

Portfolio Pulse from Happy Mohamed

June 30, 2023 | 8:41 pm

SQ

A significant bearish stance has been taken on Block (NYSE:SQ) as indicated by unusual options activity. The overall sentiment of these big-money traders is split between 46% bullish and 53% bearish. The whales have been targeting a price range from $47.5 to $115.0 for Block over the last 3 months. The price of SQ is up 3.39% at $66.57, with RSI indicators hinting at an overbought situation.

Portfolio Pulse from Benzinga Insights

June 30, 2023 | 8:16 pm

UNH

A significant bullish stance has been taken on UnitedHealth Group (NYSE:UNH) as evidenced by unusual options activity. The sentiment among big-money traders is split between 52% bullish and 48% bearish. Whales have been targeting a price range from $380.0 to $530.0 for UnitedHealth Group over the last 3 months. The price of UNH is up 0.88% at $480.64. Several experts have given their ratings and price targets for UNH, with most maintaining an Outperform or Buy rating and price targets ranging from $560 to $610.

Portfolio Pulse from Benzinga Insights

June 30, 2023 | 8:16 pm

RCL

A significant amount of unusual options activity has been observed for Royal Caribbean Gr (NYSE:RCL), with a bearish stance being taken by a majority of investors. The price range targeted by these investors over the last 3 months is from $82.5 to $120.0. The current price of RCL is up 2.14% at $103.73, with RSI indicators suggesting the stock may be overbought. B of A Securities and JP Morgan have maintained their Neutral and Overweight ratings on RCL, respectively.

Portfolio Pulse from Benzinga Insights

June 30, 2023 | 8:16 pm

GLBZ

John D. Long, President and CEO of Glen Burnie Bancorp (NASDAQ:GLBZ), the parent company of The Bank of Glen Burnie, has announced his intention to retire by the end of 2023. He will work with the Board of Directors to ensure a smooth leadership transition and will remain at the bank during this period. The Board has begun an executive search for his successor.

Portfolio Pulse from Happy Mohamed

June 30, 2023 | 8:02 pm

WFC

A significant amount of unusual options activity has been observed for Wells Fargo (NYSE:WFC), with a majority of investors taking a bullish stance. Whales have been targeting a price range from $37.5 to $50.0 for Wells Fargo over the last 3 months. The price of WFC is up 0.74% at $42.77. Citigroup, RBC Capital, and Morgan Stanley have all provided their ratings and price targets for Wells Fargo.

Portfolio Pulse from Benzinga Insights

June 30, 2023 | 7:46 pm

RIVN

Rivian's stock is trading higher due to the overall strength in the electric vehicle (EV) sector, possibly in anticipation of Tesla's upcoming delivery numbers. High short interest in Rivian may also be contributing to the stock's rise.

Portfolio Pulse from Benzinga Newsdesk

June 30, 2023 | 7:34 pm

INTC

Intel Inc.'s (NASDAQ:INTC) shares rose by 0.65% in the past three months. The company's total debt stands at $50.27 billion, with net debt at $42.04 billion after adjusting for $8.23 billion in cash-equivalents. The debt ratio is 0.27, considering Intel's $185.30 billion in total assets. While debt can help a company attain growth, interest-payment obligations can impact the cash-flow.

Portfolio Pulse from Benzinga Insights

June 30, 2023 | 7:31 pm

BTCUSD

COIN

ETHUSD

Crypto lending platform Celsius, which filed for bankruptcy in July 2022, has received court approval to liquidate its cryptocurrency holdings to pay its creditors. The company can sell or convert non-Bitcoin and non-Ethereum cryptocurrencies into Bitcoin or Ethereum from July 1, 2023. The ruling comes amid increased scrutiny by the SEC on the cryptocurrency market, with major exchanges like Coinbase, Binance, and Bittrex facing actions.

Portfolio Pulse from Murtuza Merchant

June 30, 2023 | 7:30 pm

EWQ

LRLCY

LVMHF

Despite nationwide protests and riots in France, the French stock market, represented by the CAC 40 index, has risen for five consecutive days, marking a 3.3% gain. This performance is largely due to the international focus of French luxury brands, such as LVMH and L'Oréal, which are predominantly represented in the CAC 40 index and tracked by the iShares MSCI France ETF (EWQ). These companies generate a significant portion of their revenues from international markets, shielding them from domestic upheavals.

Portfolio Pulse from Piero Cingari

June 30, 2023 | 7:25 pm