Streetbeat News

Assets

III

Information Services Group (ISG) announced that CFO Bert Alfonso will retire in August, with Michael Sherrick, formerly of Cognizant Technology Solutions Corporation, named as his successor effective August 7.

Portfolio Pulse from Benzinga Newsdesk

June 21, 2023 | 8:17 pm

IPI

Intrepid Potash (NYSE:IPI) announced the successful completion of Phase One of its HB Injection Pipeline Project, with capital spending totaling $16 million. Phase Two is expected to begin construction by the end of the year, with commissioning in Q1 2024.

Portfolio Pulse from Happy Mohamed

June 21, 2023 | 8:16 pm

TMPO

Tempo Automation Holdings (NASDAQ: TMPO) has secured a $7 million unsecured subordinated convertible promissory note from Asia-IO Advanced Manufacturing Partners. The financing will strengthen Tempo's financial position and provide capital for the acquisition of Optimum Design Associates.

Portfolio Pulse from Happy Mohamed

June 21, 2023 | 8:04 pm

LTCUSD

MATICUSD

Litecoin (LTC) and Polygon (MATIC) are trading higher amid strength in the price of Bitcoin following BlackRock's Bitcoin ETF application. The cryptocurrency market is experiencing an upswing driven by favorable developments, including the introduction of EDX Markets, supported by prominent financial entities such as Charles Schwab, Fidelity, and Citadel Securities.

Portfolio Pulse from Henry Khederian

June 21, 2023 | 7:58 pm

MRK

Unusual options activity has been observed for Merck & Co (NYSE:MRK), with a bearish stance taken by a large investor. Benzinga's options scanner spotted 11 uncommon options trades, with 36% bullish and 63% bearish sentiment. The price target range for Merck & Co over the last 3 months is $90.0 to $120.0.

Portfolio Pulse from Benzinga Insights

June 21, 2023 | 7:48 pm

COIN

Coinbase Global (COIN) has an option alert for July 28 $75 calls at the ask with 1000 contracts at $1.72, compared to an open interest of 84.

Portfolio Pulse from Charles Gross

June 21, 2023 | 7:46 pm

ITA

LMT

PPA

RTX

XAR

An accounting error by the Pentagon has resulted in an additional $6.2 billion in military aid for Ukraine. The US has already sent over $75 billion in aid to Ukraine, with Lockheed Martin (NYSE:LMT) and Raytheon Technologies (NYSE:RTX) poised to benefit from a recent $2.1 billion Congressional arms package. Aerospace and defense ETFs, including SPDR S&P Aerospace & Defense ETF (NYSE:XAR), Invesco Aerospace & Defense ETF (NYSE:PPA), and iShares US Aerospace & Defense ETF (BATS:ITA), are trading higher.

Portfolio Pulse from Natan Ponieman

June 21, 2023 | 7:43 pm

BCHUSD

Bitcoin Cash (BCH) is trading 22.65% higher amid strength in the price of Bitcoin following BlackRock's Bitcoin ETF application. The cryptocurrency market is experiencing an upswing driven by favorable developments, including the introduction of EDX Markets, supported by Charles Schwab, Fidelity, and Citadel Securities.

Portfolio Pulse from Henry Khederian

June 21, 2023 | 7:42 pm

ETCUSD

Ethereum Classic (ETC) is trading higher by 5.66% amid strength in the price of Bitcoin following BlackRock's Bitcoin ETF application. The cryptocurrency market is experiencing an upswing driven by favorable developments, including the introduction of EDX Markets, supported by Charles Schwab, Fidelity, and Citadel Securities.

Portfolio Pulse from Henry Khederian

June 21, 2023 | 7:40 pm

JNJ

Unusual options activity has been observed in Johnson & Johnson (NYSE:JNJ), with a bearish stance taken by a large investor. Benzinga's options scanner spotted 12 options trades, with 41% bullish and 58% bearish sentiment. Whales have been targeting a price range of $150 to $170 for JNJ over the last 3 months.

Portfolio Pulse from Benzinga Insights

June 21, 2023 | 7:34 pm