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BLK

BTCUSD

BlackRock has submitted a request for the first-ever Bitcoin ETF in the US, signaling a shift towards mainstream adoption of cryptocurrency. Bitcoin has shown a strong recovery from its low of $15,479 in November 2022, increasing by 79% since then.

Portfolio Pulse from Zaheer Anwari

June 21, 2023 | 4:12 pm

OXY

A whale has taken a bearish stance on Occidental Petroleum (NYSE:OXY), with 63% of detected unusual options trades being bearish. The total trade price for 6 puts is $225,851, while 5 calls amount to $726,605. Whales have been targeting a price range of $20 to $70 for OXY over the last 3 months.

Portfolio Pulse from Benzinga Insights

June 21, 2023 | 4:05 pm

SPY

Federal Reserve Chair Jerome Powell stated that the US economy is very strong, driven by a robust labor market. He also mentioned that inflation is gradually decreasing, and it's the Fed's responsibility to bring it down.

Portfolio Pulse from Happy Mohamed

June 21, 2023 | 3:32 pm

AVGO

Broadcom Inc.'s (NASDAQ:AVGO) shares increased by 35.09% in the past three months. The company's total debt stands at $39.31 billion, with a net debt of $27.76 billion after adjusting for $11.55 billion in cash-equivalents. Broadcom's debt-ratio is 0.55, indicating a moderate level of financial leverage.

Portfolio Pulse from Benzinga Insights

June 21, 2023 | 3:30 pm

GREE

Greenidge Generation Holdings Inc (NASDAQ:GREE) shares are trading higher by 11.29% to $3.45 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 | 3:28 pm

SPY

Federal Reserve Chairman Jerome Powell stated that the demand for reserves can be volatile and the balance sheet should be smaller than its current size. However, he emphasized the need for a buffer to avoid bumping up against scarce reserves and not to repeat the mistakes of the last reduction cycle.

Portfolio Pulse from Happy Mohamed

June 21, 2023 | 3:20 pm

SPY

Federal Reserve Chairman Jerome Powell stated that the US will return to 2% inflation and the Fed is working on reducing its balance sheet, but will not return to a scarce reserves level. Powell emphasized the importance of not allowing the balance sheet to grow with every economic cycle.

Portfolio Pulse from Happy Mohamed

June 21, 2023 | 3:19 pm

RIOT

Riot Platforms (NASDAQ:RIOT), a Bitcoin mining company, presents a high-reward potential trading opportunity due to a false breakout to the downside and Bitcoin's recent surge. The stock is correlated to the price of Bitcoin, which broke above a resistance area on June 20.

Portfolio Pulse from Cory Mitchell

June 21, 2023 | 3:07 pm

SPY

USO

The EIA reports that total U.S. refining capacity has grown by over 100,000 barrels per day, reversing two years of declines.

Portfolio Pulse from Happy Mohamed

June 21, 2023 | 3:05 pm

XOM

Unusual options activity has been observed for Exxon Mobil (NYSE:XOM) on June 21, with a large bullish position appearing on publicly available options history. The overall sentiment of these big-money traders is 66% bullish and 33% bearish. Whales have been targeting a price range of $95 to $105 for Exxon Mobil over the last 3 months.

Portfolio Pulse from Benzinga Insights

June 21, 2023 | 3:05 pm