Streetbeat News

Assets

AMZN

CAVA

CZR

HAS

PTON

TSCO

TSLA

XPEV

Today's session highlighted significant options activity for 10 consumer discretionary stocks, indicating potential trading opportunities based on whale alerts. These alerts show large transactions in options, suggesting market sentiment and potential price movements. Notable activities include bearish put options for TSLA and bullish call options for PTON, among others, with varying sentiments and expiration dates.

Portfolio Pulse from Benzinga Insights

April 26, 2024 | 5:35 pm

AAPL

AMD

INTC

MARA

MRVL

NVDA

RIOT

SMCI

TSM

Today's session highlighted significant options activity for 10 Information Technology stocks, tracked by Benzinga's options activity scanner. The activity includes both bullish and bearish sentiments across various stocks like NVDA, AAPL, SMCI, TSM, RIOT, MARA, INTC, MRVL, MU, and AMD, with options expiring on different dates ranging from today to June 21, 2024. The trades involve both call and put options, indicating diverse market strategies and expectations from large investors or 'whales'.

Portfolio Pulse from Benzinga Insights

April 26, 2024 | 5:35 pm

HOOD

Smart money investors have shown a significant interest in Robinhood Markets (NASDAQ:HOOD) options, with a bullish sentiment prevailing in 62% of the trades. Benzinga's options scanner revealed 8 unusual options trades, indicating a potential price target range for HOOD between $17.5 and $20.5. The analysis of volume and open interest in these options suggests increased liquidity and interest at these levels. Additionally, professional analysts have mixed views on HOOD, with target prices ranging from $16 to $25. The current market status shows HOOD's price up 3.65% at $17.75, with neutral RSI indicators and earnings expected in 12 days.

Portfolio Pulse from Benzinga Insights

April 26, 2024 | 5:31 pm

PENN

Whales have shown a bearish stance on PENN Entertainment (NASDAQ:PENN), with unusual options activity indicating a split sentiment among big-money traders: 27% bullish and 63% bearish. The activity includes 11 uncommon trades, with puts totaling $129,200 and calls at $637,858. The options suggest a price window of $10.0 to $37.5 for PENN. The largest trades include both bullish and bearish calls and a bearish put, with significant open interest and volume in these options. PENN's current market position shows a trading volume of 2,502,884, a price decrease of -1.22% to $16.98, and an upcoming earnings announcement in 6 days.

Portfolio Pulse from Benzinga Insights

April 26, 2024 | 5:31 pm

Over the past 15 years, Edwards Lifesciences (NYSE:EW) has delivered an average annual return of 20.43%, turning a $1000 investment into $16,192.79. The company's market capitalization stands at $52.37 billion.

Portfolio Pulse from Benzinga Insights

April 26, 2024 | 5:30 pm

CSGP

Over the past 20 years, CoStar Gr (NASDAQ:CSGP) has produced an average annual return of 17.13%, outperforming the market by 9.27% on an annualized basis. With a current market capitalization of $36.78 billion, a $100 investment in CSGP 20 years ago would be worth $2,420.74 today.

Portfolio Pulse from Benzinga Insights

April 26, 2024 | 5:30 pm

SCCO

Southern Copper shares are trading higher due to an increase in copper prices.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 5:25 pm

SPY

UNG

USO

The latest U.S. Baker Hughes report shows a decrease in oil and gas rig counts, with oil rigs down by 5 and gas rigs down by 1, bringing the total rig count to 613 from 619 the previous week.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 5:08 pm

CDNS

Over the past 20 years, Cadence Design Systems (NASDAQ:CDNS) has produced an average annual return of 16.64%, outperforming the market by 8.78% annually. With a current market capitalization of $77.61 billion, an initial investment of $100 in CDNS 20 years ago would now be worth $2,202.34. This showcases the significant impact of compounded returns on investment growth over time.

Portfolio Pulse from Benzinga Insights

April 26, 2024 | 5:00 pm

Morgan Stanley's (NYSE:MS) short interest has decreased by 7.63%, with 15.13 million shares sold short, representing 1.21% of its float. This decrease in short interest could indicate a more bullish sentiment towards MS among traders. Compared to its peers, MS has a lower short interest percentage of float, with an average of 5.66% among its peers, suggesting a relatively positive outlook.

Portfolio Pulse from Benzinga Insights

April 26, 2024 | 5:00 pm