Streetbeat News

Assets

VRTX

Vertex Pharmaceuticals (NASDAQ:VRTX) has significantly outperformed the market with an average annual return of 19.19% over the past 10 years, turning a $1000 investment into $6,036.05 today. The company's market capitalization stands at $102.14 billion.

Portfolio Pulse from Benzinga Insights

April 16, 2024 | 4:00 pm

BAH

Booz Allen Hamilton (NYSE:BAH) has delivered an average annual return of 19.89% over the past 5 years, outperforming the market by 8.21%. A $100 investment in BAH 5 years ago would be worth $247.67 today. The company's market capitalization stands at $18.46 billion.

Portfolio Pulse from Benzinga Insights

April 16, 2024 | 4:00 pm

MRAI

Marpai, Inc. has announced the sale of $113.83 million in convertible notes, a financial move that could impact its liquidity and potentially its stock price.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 4:00 pm

SBUX

Recent analysis of options activity for Starbucks (NASDAQ:SBUX) reveals a bearish sentiment among high-rolling investors, with a significant portion of trades indicating a bearish outlook. Benzinga's options scanner identified 9 notable trades, with a sentiment split of 33% bullish and 66% bearish. The focus is on a price band between $75.0 and $95.0. The volume and open interest trends suggest increased activity in this range. Starbucks, a global coffee chain with over 38,000 stores, has seen its stock price slightly down with an RSI indicating it may be oversold. Analyst ratings over the past month have set an average target price of $104.0, with varying opinions from JP Morgan, TD Cowen, Morgan Stanley, and Wells Fargo.

Portfolio Pulse from Benzinga Insights

April 16, 2024 | 3:46 pm

SPY

The article discusses the use of the 'percentage of stocks above their 50-day SMA' as a tool for swing traders to assess market conditions, highlighting its recent negative turn for the S&P 500. It advises traders to avoid taking long trades until the indicator turns positive again. The S&P 500 and all US stocks indicators are mentioned, with specific symbols provided for accessing these indicators on various charting platforms. The author owns S&P 500-related ETFs and advises caution in short-term trading.

Portfolio Pulse from Cory Mitchell

April 16, 2024 | 3:43 pm

FTI

HES

IYE

XLE

XOM

Exxon Mobil Corporation awarded a large contract to TechnipFMC for subsea production systems for the Whiptail project in Guyana's Stabroek Block. The contract, valued between $500 million and $1 billion, includes 48 subsea trees, 12 manifolds, and associated equipment. This project, with an estimated resource base of over 850 million barrels of oil, is part of a $12.7 billion investment decision made by Exxon and Hess Corporation. Investors can gain exposure to Exxon through the Energy Select Sector SPDR Fund and iShares U.S. Energy ETF.

Portfolio Pulse from Lekha Gupta

April 16, 2024 | 3:31 pm

CLSK

Deep-pocketed investors have shown a bearish sentiment towards Cleanspark (NASDAQ:CLSK), with options trading data from Benzinga indicating a significant move. The trading activity suggests a price target range of $10.0 to $37.0 for CLSK over the next three months. Despite a mixed sentiment among investors, with 40% bullish and 60% bearish, the volume and open interest in options trading reveal a strategic positioning. Cleanspark, a bitcoin mining company, is currently trading at $14.3, down by -2.62%, with an RSI indicating a neutral position. Analysts have given mixed ratings with an average target price of $23.2.

Portfolio Pulse from Benzinga Insights

April 16, 2024 | 3:31 pm

MSI

Motorola Solutions (NYSE:MSI) has delivered an average annual return of 18.31% over the past 10 years, outperforming the market by 7.95%. A $100 investment in MSI a decade ago would be worth $543.75 today, reflecting the company's significant growth and a current market capitalization of $56.35 billion.

Portfolio Pulse from Benzinga Insights

April 16, 2024 | 3:30 pm

GPK

Graphic Packaging Holding (NYSE:GPK) has delivered an average annual return of 16.06% over the past 5 years, outperforming the market by 4.41% annually. A $1000 investment in GPK 5 years ago would now be worth $2,105.55. The company currently has a market capitalization of $8.37 billion.

Portfolio Pulse from Benzinga Insights

April 16, 2024 | 3:30 pm

MSFT

NVDA

QQQ

SPY

TLT

TSLA

The article discusses the significant drop in 20+ year Treasury bond ETF (TLT) despite geopolitical tensions, which typically drive up U.S. Treasuries. It highlights the unusual market behavior where Treasuries fall, indicating lower stock valuations, contrary to expectations during the Iran-Israel conflict. The IMF warns the U.S. about excessive spending, while global growth forecasts increase slightly. U.S. housing starts and building permits have slowed, and China's GDP growth shows underlying weakness. Money flows are positive for NVIDIA and Microsoft, neutral for Amazon, Apple, Alphabet, and Meta, negative for Tesla, and mixed for SPDR S&P 500 ETF Trust and Invesco QQQ Trust. The article also notes the selling of gold and oil by the momo crowd, with smart money inactive, and mentions Bitcoin's trading activity around a halving event.

Portfolio Pulse from The Arora Report

April 16, 2024 | 3:30 pm