Streetbeat News

Assets

SHIBUSD

Shiba Inu (SHIB) sees a 55% spike in whale transactions and a 1.4% increase in price, amid broader crypto market optimism. Lucie, Shiba Inu's marketing lead, expressed confidence in the coin's future on X, highlighting its sustained position and development efforts. The Shibarium network launched a new UI update, enhancing user experience and wallet compatibility. Crypto investor Jake Gagain predicts SHIB could reach a $100 billion market cap by 2025, supported by IntoTheBlock and CoinGlass data indicating strong buying demand and market stability.

Portfolio Pulse from Khyathi Dalal

April 19, 2024 | 3:51 pm

CEG

Constellation Energy (NASDAQ:CEG) has seen unusual options activity indicating a predominantly bearish sentiment among big-money traders, with a significant volume of puts compared to calls. The options suggest targeting a price range of $140 to $220 for CEG over the next three months. Despite this, analysts maintain positive ratings on CEG, with target prices suggesting an upside potential.

Portfolio Pulse from Benzinga Insights

April 19, 2024 | 3:46 pm

TLT

IMF deputy chief Gita Gopinath highlighted the unsustainable U.S. fiscal deficit, currently at 7% of GDP, with projections showing it remaining above 6% through 2029. The U.S. government debt-to-GDP ratio is expected to rise from 122% to 134% by 2029. Gopinath warned of global economic stability risks and higher borrowing costs due to U.S. debt dynamics. Despite expectations of lower interest rates, the fiscal challenges persist, with the iShares 20+ Year Treasury Bond ETF (TLT) experiencing a 9% decline this year.

Portfolio Pulse from Piero Cingari

April 19, 2024 | 3:41 pm

NEE

Over the past 20 years, NextEra Energy (NYSE:NEE) has produced an average annual return of 10.94%, outperforming the market by 3.29% annually. A $100 investment in NEE 20 years ago would be worth $790.41 today. NextEra Energy currently has a market capitalization of $132.11 billion.

Portfolio Pulse from Benzinga Insights

April 19, 2024 | 3:32 pm

AAPL

AMZN

GOOG

META

MSFT

NVDA

QQQ

SPY

TSLA

Stock futures dipped on news of an Israeli attack on Iran but were aggressively bought by the momo crowd, indicating net demand. Oil initially rallied but then lost its gains. New York Fed President John Williams hinted at potential rate hikes if needed, contrary to earlier momo guru predictions of rate cuts. Tesla Inc fell below $150 in premarket trading, down significantly year-to-date. Early trade money flows were positive for Meta Platforms Inc and SPDR S&P 500 ETF Trust, neutral for Apple Inc and Microsoft Corp, and negative for Amazon.com Inc, Alphabet Inc, NVIDIA Corp, and Tesla Inc. Gold and oil saw mixed actions from the momo crowd and smart money.

Portfolio Pulse from The Arora Report

April 19, 2024 | 3:23 pm

Whale investors have shown a bearish stance on Citigroup (NYSE:C), with unusual options activity detected. Benzinga's options scanner revealed 16 significant trades, with a sentiment split of 37% bullish and 62% bearish. The trades include 4 puts and 12 calls, indicating expectations of Citigroup's stock price moving within a $52.5 to $65.0 range. The analysis of volume and open interest suggests strategic positioning by investors. Citigroup, a global financial-services company, has seen its stock price recently up by 1.35%, with a trading volume of 3,290,309 and an RSI indicating a neutral position.

Portfolio Pulse from Benzinga Insights

April 19, 2024 | 3:17 pm

MARA

Marathon Digital Holdings (NASDAQ:MARA) has seen unusual options activity, indicating a bullish sentiment among deep-pocketed investors. Benzinga's options scanner revealed 14 extraordinary activities, with a majority being calls. The projected price targets range between $10.0 and $37.0. The company, focusing on mining digital assets, has its stock price currently up by 4.53% at $15.71. An analyst from JP Morgan maintains an Underweight rating with a target price of $16.

Portfolio Pulse from Benzinga Insights

April 19, 2024 | 3:17 pm

Recent options activity for Micron Technology (NASDAQ:MU) indicates a bearish sentiment among deep-pocketed investors, with a notable division in sentiment: 38% bullish and 61% bearish. The activity highlighted by Benzinga's options scanner includes 36 extraordinary activities, with puts and calls targeting a price range of $80.0 to $160.0. Current trading volume is 9,494,208, with MU's price down by -2.82%, positioned at $108.77. The RSI indicates a neutral position, and earnings are expected in 68 days.

Portfolio Pulse from Benzinga Insights

April 19, 2024 | 3:17 pm

GOLD

VALE

Saudi Arabia's Manara Minerals is in advanced talks to acquire a minority stake in the Reko Diq gold and copper mine project in Pakistan, currently co-owned by Barrick Gold Corp and the Pakistani government. The project, set to start production by 2028, could see Saudi Arabia taking over Pakistan's stake. Manara Minerals, a collaboration between the Saudi Public Investment Fund and Ma'aden, focuses on commodities investments and already holds a 13% stake in Vale's base metals business.

Portfolio Pulse from Stjepan Kalinic

April 19, 2024 | 3:14 pm

KBE

KRE

SPY

XLF

Fed's Goolsbee expressed confidence in the adequacy of banks' capital, emphasizing that balance sheet decisions are distinct from monetary policy. This statement could influence perceptions of the banking sector's stability and the broader financial market.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 3:07 pm