Streetbeat News

Assets

CEG

Constellation Energy's (NYSE:CEG) short interest has decreased by 17.82% since the last report, with 4.62 million shares sold short, representing 1.66% of its float. The current short interest suggests it would take about 1.93 days to cover all short positions. This decline in short interest could indicate a more bullish sentiment towards CEG compared to its peers, where the average short interest as a percentage of float is 2.50%.

Portfolio Pulse from Benzinga Insights

April 22, 2024 | 3:00 pm

TSM

A comparative study of Taiwan Semiconductor (TSM) and its competitors in the Semiconductors & Semiconductor Equipment industry reveals TSM's strong market position with a 60% share, solid operating margins, and a prestigious customer base including Apple, AMD, and Nvidia. Financial analysis shows TSM's P/E, P/B, and P/S ratios suggest potential undervaluation, with higher ROE, EBITDA, and gross profit indicating strong profitability. However, TSM's revenue growth is significantly lower than the industry average, suggesting a slower expansion rate.

Portfolio Pulse from Benzinga Insights

April 22, 2024 | 3:00 pm

BNBUSD

BNB (CRYPTO: BNB) has seen a 4.3% increase in price over the last 24 hours, reaching $597.86, with a 7.0% increase over the past week from $558.86. The coin's all-time high is $686.31. Trading volume has decreased by 9.0% over the past week, while the circulating supply has slightly increased, bringing the market cap ranking for BNB to #4 at $91.99 billion.

Portfolio Pulse from Benzinga Insights

April 22, 2024 | 3:00 pm

EWT

TSM

Taiwan's Hualien region experienced five earthquakes within nine minutes, with magnitudes ranging from 4.4 to 5.8, according to the USGS. This seismic activity could potentially impact companies with significant operations in Taiwan, such as those listed on US exchanges like EWT (Taiwan ETF) and TSM (Taiwan Semiconductor Manufacturing Company).

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 2:48 pm

GLD

SLV

Gold and silver prices are declining due to potential reductions in Middle East tensions, impacting related ETFs.

Portfolio Pulse from Benzinga Newsdesk

April 22, 2024 | 2:47 pm

SHIB-USD

Shiba Inu (SHIB) has seen a 19% increase in value over two days, raising $12M for its new blockchain through a token sale of TREAT to non-U.S. investors. The funds were raised from notable investors including Polygon Ventures and Animoca Brands. The new Layer-3 blockchain aims to enhance privacy, with TREAT serving as its utility and governance token. Additionally, a temporary outage in the Shibarium network was resolved, and significant increases in transaction volumes and fees were reported. Analyst Javon Marks predicts a potential 69% recovery for SHIB to its 2024 highs.

Portfolio Pulse from Khyathi Dalal

April 22, 2024 | 2:35 pm

PBR

Deep-pocketed investors show a divided sentiment on Petrobras Brasileiro (NYSE:PBR), with options activity indicating both bullish and bearish positions. The activity suggests a price target range of $12.0 to $20.0 over the next three months. Notable options trades include both puts and calls with significant total trade prices. Petrobras, a Brazil-based integrated energy company, has seen its stock price increase by 1.09% to $16.65. Analysts from HSBC and UBS have issued buy ratings with target prices of $18 and $17, respectively.

Portfolio Pulse from Benzinga Insights

April 22, 2024 | 2:31 pm

SHOP

Recent options activity on Shopify (NYSE:SHOP) indicates a bearish stance by big-money investors, with a notable split in sentiment: 44% bullish and 55% bearish. Benzinga's options scanner revealed 9 unusual trades, with a focus on a price band between $70.0 and $92.0. The analysis of volume and open interest suggests heightened activity in this range. Currently, SHOP's stock is slightly up by 1.23% at $70.53, with an anticipated earnings release in 16 days. This activity could signal insider knowledge or expectations of future price movements.

Portfolio Pulse from Benzinga Insights

April 22, 2024 | 2:16 pm

ORCL

Benzinga's options scanner revealed significant options activity on Oracle (NYSE:ORCL), with over 9 transactions totaling $447,265 and 4 puts valued at $528,150. The activity suggests a price target range of $112.0 to $130.0 for ORCL. Notable trades include both bullish and bearish sentiments, with a mix of PUT and CALL options. Oracle's current market position shows a slight increase in stock price to $115.08, with potential indications of being oversold. The next earnings report is expected in 49 days.

Portfolio Pulse from Benzinga Insights

April 22, 2024 | 2:16 pm

AAPL

GOOGL

META

MSFT

NVDA

QQQ

SPY

TSLA

The Market Clubhouse Morning Memo for April 22nd, 2024, provides a trade strategy for SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA, based on a proprietary formula considering price, volume, and options flow. The memo outlines specific price levels for each asset, suggesting potential breakouts or reversals. It also mentions significant US data releases and the Federal Reserve's quiet period, indicating a possibly subdued market today. The memo is part of exclusive content offered to Market Clubhouse members, curated by pro trader RIPS.

Portfolio Pulse from RIPS

April 22, 2024 | 2:13 pm