Streetbeat News

Assets

CHRD

Chord Energy (NYSE:CHRD) has seen an 8.34% increase in its short percent of float since the last report, with 3.48 million shares sold short, representing 11.04% of its available trading shares. This indicates a bearish market sentiment, although it's not a definitive predictor of a price drop. Chord Energy's short interest is higher than its peer group average of 6.67%, suggesting more bearish sentiment compared to its peers.

Portfolio Pulse from Benzinga Insights

April 25, 2024 | 5:00 pm

DELL

Financial analysts have observed a bullish trend in Dell Technologies (NYSE:DELL) based on unusual options trading activity. Analysis shows a mix of bullish (47%) and bearish (43%) sentiment among traders, with a notable volume in calls over puts. The big money is targeting a price range of $105.0 to $140.0 for DELL, with significant trades highlighted in both call and put options. Dell's current stock performance shows a 3.24% increase to $124.1, with an expert from UBS maintaining a Buy rating and a target price of $141.

Portfolio Pulse from Benzinga Insights

April 25, 2024 | 4:45 pm

EADSY

SPR

Airbus CEO has expressed interest in closely monitoring the situation with Spirit Aero, indicating potential concerns or opportunities for collaboration. Additionally, Airbus's CFO has mentioned the company is building up buffer inventory to mitigate risks associated with a stressed supply chain, as reported by Reuters.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 4:44 pm

DIVD

IDVO

TM

Toyota Motor Corporation (NYSE:TM) shares fell after announcing a $1.4 billion investment in its Princeton facility for electric SUV production. This move is part of Toyota's broader $18.6 billion U.S. investment for electrification, including a new battery pack assembly line in Indiana, creating up to 340 jobs. Despite a 68% stock increase over the past year, TM shares dropped 3.47% to $224.79. Investors can also access TM through ETFs like IDVO and DIVD.

Portfolio Pulse from Nabaparna Bhattacharya

April 25, 2024 | 4:44 pm

MARA

Marathon Digital Holdings (NYSE:MARA) has seen a decrease in short interest, now at 16.11% of float, down 5.18% from the last report. With 42.96 million shares sold short, it would take about 1 day to cover all short positions. This change in short interest could indicate a shift in market sentiment towards MARA, potentially signaling increased bullishness among investors. MARA's short interest is significantly higher than its peer group average of 5.74%, suggesting it is more heavily shorted than similar companies.

Portfolio Pulse from Benzinga Insights

April 25, 2024 | 4:30 pm

BHP

Anglo American has rejected a $39 billion takeover offer from BHP Group, considering it unattractive. The offer, representing a 31% premium, involves Anglo's shareholders receiving 25.08 pounds per share. The deal includes a spin-off of Anglo American Platinum and Kumba Iron Ore businesses. BHP's bid comes amid a strategic review initiated due to a significant profit drop and lower commodity demand. Anglo is reviewing the offer, with BHP having until May 22 to present a binding bid.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 4:24 pm

AMZN

ONLN

XLY

Amazon's AWS plans to invest $11 billion in Indiana for a new data center campus, marking the state's largest capital investment. This move will create at least 1,000 jobs and support AI technologies. AWS leads the global cloud market with a 31% share. Amazon's stock has risen over 66% in the past year, and its growth in AI and cloud services is expected to continue. Investors can gain exposure to Amazon through ETFs like XLY and ONLN.

Portfolio Pulse from Anusuya Lahiri

April 25, 2024 | 4:17 pm

TT

Trane Technologies (NYSE:TT) has seen a 4.76% increase in its short percent of float since the last report, with 2.50 million shares sold short, representing 1.1% of available shares. It would take about 3.35 days to cover these short positions. While an increase in short interest can indicate bearish market sentiment, it's noted that Trane Technologies has less short interest than its peer group average of 3.93%. This suggests a mixed sentiment among investors regarding TT's stock.

Portfolio Pulse from Benzinga Insights

April 25, 2024 | 4:15 pm

MRX

Marex Group, trading under the symbol MRX, opened for trade at $19.50 after its IPO was priced at $19 per share, with a total of 15.385 million shares offered.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 4:08 pm

BTCUSD

ETHUSD

The 'Buy Bitcoin' sign, shown during a 2017 Congressional hearing, sold for $1.027 million at auction, reflecting Bitcoin's significant value increase since then. The sale, made in 16 bitcoin, underscores the growing interest in digital assets, including cryptocurrencies like Bitcoin and Ethereum, and viral internet memes. This trend is highlighted by another auction for a popular meme, with the highest bid at 15 Ethereum. These events illustrate the rising popularity and value of digital and crypto assets.

Portfolio Pulse from Murtuza Merchant

April 25, 2024 | 4:01 pm