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Assets

ADBE

Deep-pocketed investors have shown a bearish sentiment towards Adobe (NASDAQ:ADBE), with unusual options activity detected. Benzinga's options scanner revealed 13 extraordinary activities, with a bearish majority. The options trades span a price window from $430.0 to $630.0 for Adobe, indicating significant market movements may be anticipated. The trading volume for Adobe stands at 1,048,460, with a recent price increase of 1.1% to $478.09. An earnings announcement is expected in 50 days, and the RSI indicators suggest the stock may be approaching oversold conditions.

Portfolio Pulse from Benzinga Insights

April 24, 2024 | 6:01 pm

ETH-USD

MATIC-USD

Donald Trump's cryptocurrency portfolio has seen a significant increase, with a $1 million profit over the past week, raising its value to $6.45 million. His portfolio includes MAGA Memecoin (TRUMP), Ethereum (ETH), WETH, BABYTRUMP, and Polygon (MATIC). This growth is attributed to his sale of Trump-themed NFTs and marks a shift from his previously skeptical view of cryptocurrencies. The interest in celebrity crypto holdings highlights the growing institutional acceptance of digital assets.

Portfolio Pulse from Murtuza Merchant

April 24, 2024 | 5:59 pm

PSX

Phillips 66 (NYSE:PSX) has seen a 17.75% decrease in short interest, now at 8.04 million shares or 1.9% of float, taking 3.1 days on average to cover. This decline in short interest could indicate a more bullish sentiment towards PSX compared to its peers, where the average short interest as a percentage of float is 8.60%.

Portfolio Pulse from Benzinga Insights

April 24, 2024 | 5:45 pm

BSY

Bentley Systems (NYSE:BSY) has seen a 4.69% increase in its short percent of float, now at 6.47% with 8.83 million shares sold short. It would take about 9.95 days to cover these short positions. This rise in short interest may indicate a bearish market sentiment towards BSY, although it's higher than its peer group average of 4.23%. Short interest is a critical market sentiment indicator, and an increase can sometimes be bullish.

Portfolio Pulse from Benzinga Insights

April 24, 2024 | 5:45 pm

IWM

SPY

TLT

TSLA

TXN

Treasury yields rise, impacting the iShares 20+ Year Treasury Bond ETF (TLT) negatively. Tesla Inc. (TSLA) shares jump 10% on the promise of cheaper models. The Japanese yen hits a 34-year low, affecting currency markets. The S&P 500 and Dow Jones see declines, while specific stocks and ETFs like the iShares Russell 2000 ETF (IWM) and SPDR S&P 500 ETF Trust (SPY) also fall. Texas Instruments Inc. (TXN) and other companies react to earnings reports, influencing their stock prices.

Portfolio Pulse from Piero Cingari

April 24, 2024 | 5:40 pm

GEV

GOGL

HON

NKLA

TRU

UBER

UPS

VRT

Today's session highlighted significant options activity in the Industrials sector, with notable movements in stocks like VRT, BA, GOGL, UBER, NKLA, HON, GEV, UPS, TRU, and DE. The activity ranged from bullish to bearish sentiments, with various expiration dates and strike prices, indicating diverse trading strategies and expectations from large investors or 'whales'. This options activity could signal upcoming volatility or shifts in these stocks, providing traders with insights for potential trading opportunities.

Portfolio Pulse from Benzinga Insights

April 24, 2024 | 5:35 pm

AMZN

NCLH

TSLA

Today's session highlighted significant options activity for 10 consumer discretionary stocks, indicating varied market sentiments. Notable trades included bearish put options for TSLA and bullish put options for NCLH, among others. The activity suggests investors are actively speculating on these stocks' future movements, with trades ranging from bearish to bullish and neutral positions across different expiration dates and strike prices.

Portfolio Pulse from Benzinga Insights

April 24, 2024 | 5:35 pm

AAPL

AMD

INTC

MSFT

NVDA

PLTR

RIOT

SMCI

TSM

TXN

Today's session highlighted significant whale activity in the options market for 10 Information Technology stocks, indicating bullish sentiment across most trades with notable volumes and trade prices. Key stocks include TSM, NVDA, AAPL, INTC, MSFT, SMCI, TXN, RIOT, PLTR, and AMD, with options expiring from April 2024 to January 2025. The activity suggests a strong market interest in these stocks, potentially impacting their short-term performance.

Portfolio Pulse from Benzinga Insights

April 24, 2024 | 5:35 pm

BHP

GLNCY

HZMMF

Indonesia, under its new president Prabowo Subianto, is expected to continue its dominant nickel production policies, impacting global nickel prices and competitors. The country's approach has led to a price slump, affecting financing and operations of nickel projects worldwide, including those by Horizonte Minerals Plc, BHP Group Ltd., and Glencore. Indonesia's strategy of adding value domestically and attracting investments for an electric vehicle battery supply chain is likely to keep global markets flooded with cheap nickel.

Portfolio Pulse from Matt Whittaker

April 24, 2024 | 5:25 pm

MRVL

Marvell Tech's (NYSE:MRVL) short interest has decreased by 14.13% since the last report, with 17.81 million shares sold short, representing 2.43% of its float. The current short interest suggests a bullish sentiment as it is lower than the peer group average of 4.37%. The decrease in short interest indicates fewer traders are betting against the stock, which could be a positive sign for its short-term price movement.

Portfolio Pulse from Benzinga Insights

April 24, 2024 | 5:15 pm