Streetbeat News

Assets

AMZN

Amazon shares are trading higher as its cloud division, Amazon Web Services, announced a $12.7 billion investment in India's cloud infrastructure by 2030. The company also had a great week with hedge funds increasing exposure to the stock, and several new developments such as AI-driven logistics, ChatGPT-like search, and a new lineup of Echo products.

Portfolio Pulse from Anusuya Lahiri

May 18, 2023 | 4:37 pm

MELI

MercadoLibre Inc. (NASDAQ:MELI) has seen its shares rise by 19.45% in the past three months. The company's total debt stands at $4.76 billion, with net debt at $2.85 billion after adjusting for $1.91 billion in cash-equivalents. MercadoLibre's debt-ratio is 0.35, indicating a moderate level of financial leverage.

Portfolio Pulse from Benzinga Insights

May 18, 2023 | 4:31 pm

PLTR

Palantir Technologies (PLTR) stock surged after Cathie Wood's Ark Invest added 1.26 million shares valued at $13 million. The company reported strong Q1 sales of $525.19 million, beating consensus estimates, and saw growth in US, commercial, and government revenues.

Portfolio Pulse from Anusuya Lahiri

May 18, 2023 | 4:26 pm

SPY

Federal Reserve's Bullard states that the recent decline in yields on Treasury bonds is likely to have a more significant impact on the economy, according to Financial Times.

Portfolio Pulse from Happy Mohamed

May 18, 2023 | 4:15 pm

SWK

Jenny Van Leeuwen Harrington announced on CNBC that she has bought shares of Stanley Black & Decker (SWK).

Portfolio Pulse from Happy Mohamed

May 18, 2023 | 4:04 pm

MDLZ

Mondelez International Inc. (NASDAQ: MDLZ) has a total debt of $22.20 billion, with long-term debt at $18.56 billion and current debt at $3.65 billion. Adjusted for $1.92 billion in cash-equivalents, the company's net debt is at $20.29 billion. The debt-ratio is 0.31, based on $72.79 billion in total assets.

Portfolio Pulse from Benzinga Insights

May 18, 2023 | 4:02 pm

EWJ

FXI

China has overtaken Japan as the world's top auto exporter, according to Nikkei Asia. This shift in rankings is expected to impact the automotive industry and related ETFs such as EWJ and FXI.

Portfolio Pulse from Happy Mohamed

May 18, 2023 | 3:59 pm

PRU

Unusual options activity has been observed in Prudential Financial (NYSE:PRU), with a bearish stance taken by a large investor. Benzinga's options scanner spotted 17 uncommon options trades, with 64% being bearish and 35% bullish. Whales have been targeting a price range of $55.0 to $105.0 for PRU over the last 3 months.

Portfolio Pulse from Benzinga Insights

May 18, 2023 | 3:47 pm

NEM

Unusual options activity has been observed for Newmont (NYSE:NEM), with a bearish stance taken by a large investor. Benzinga's options scanner spotted 11 uncommon options trades, with 63% being bearish and 36% bullish. The targeted price range for Newmont over the last 3 months is $43.5 to $60.0.

Portfolio Pulse from Benzinga Insights

May 18, 2023 | 3:46 pm

AVGO

Recent unusual options activity indicates a bearish stance on Broadcom (NASDAQ:AVGO), with 59% of investors having bearish expectations. Whales have been targeting a price range of $550 to $780 for Broadcom over the last 3 months.

Portfolio Pulse from Benzinga Insights

May 18, 2023 | 3:46 pm