Streetbeat News

Assets

GLD

SLV

Gold and silver prices have increased after mixed inflation data was released, potentially influencing future Federal Reserve policy decisions.

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 5:58 pm

XMRUSD

Kraken, a leading cryptocurrency exchange, announced it will delist Monero (XMR) for customers in Ireland and Belgium due to upcoming EU Anti Money Laundering Regulation. Trading and deposits of XMR will cease on May 10, with withdrawals stopping on June 10, leading to automatic conversion of any remaining XMR to bitcoin. This follows similar actions by Binance and OKX, reflecting increasing regulatory pressures on privacy coins.

Portfolio Pulse from Khyathi Dalal

April 11, 2024 | 5:43 pm

AMZN

APTV

KMX

NKE

PDD

RIVN

SBUX

TPR

TSLA

ULTA

Today's whale activity in the Consumer Discretionary sector highlighted unusual options trading for several companies. Bullish sentiment was observed in TSLA, TPR, NKE, APTV calls, while bearish sentiment was seen in AMZN, SBUX, ULTA puts. KMX and PDD showed bullish sentiment through puts, and RIVN had a bearish call. This activity could indicate market expectations and potential trading opportunities based on the sentiment and volume of these options trades.

Portfolio Pulse from Benzinga Insights

April 11, 2024 | 5:35 pm

ABR

BAC

BBAR

COIN

FUTU

HIG

HOOD

JPM

Today's session highlighted significant whale activity in the financial stocks options market, with notable trades in BAC, JPM, GL, COIN, C, ABR, HOOD, BBAR, FUTU, and HIG. The activity ranged from bullish to bearish sentiments across various expiration dates and strike prices, indicating diverse market expectations and strategies among large investors.

Portfolio Pulse from Benzinga Insights

April 11, 2024 | 5:35 pm

AAPL

AMD

ARM

MSFT

MSTR

NVDA

PLTR

TSM

Today's session highlighted significant options activity for 10 information technology stocks, indicating varied sentiments among traders. Notable activities include bullish calls on AAPL, AI, MSTR, and PLTR, bearish calls on MSFT and MU, and neutral positions on NVDA, AMD, and TSM. ARM saw bullish put options. This activity could signal upcoming trading opportunities based on market estimations diverging from normal values.

Portfolio Pulse from Benzinga Insights

April 11, 2024 | 5:35 pm

IYR

MBB

SCHH

VMBS

VNQ

XLRE

Mortgage rates have surged, with the 30-year fixed-rate mortgage reaching 6.88%, raising concerns about the housing market's future. Persistent inflation and Federal Reserve policies are blamed for the rate hikes. This situation poses challenges for homebuyers, facing high home prices and limited inventory. However, it could benefit investors in real estate ETFs like VNQ, SCHH, XLRE, and IYR due to rising home prices, while those in mortgage ETFs like MBB and VMBS should be cautious.

Portfolio Pulse from Surbhi Jain

April 11, 2024 | 5:32 pm

INTU

Intuit (NASDAQ:INTU) has delivered an average annual return of 19.47% over the past 5 years, outperforming the market by 7.22% annually. A $100 investment in INTU 5 years ago would be worth $240.70 today. Intuit's market capitalization stands at $175.93 billion.

Portfolio Pulse from Benzinga Insights

April 11, 2024 | 5:30 pm

AYRWF

CURLF

SHWZ

Viridian Capital Advisors' analysis reveals a 292% surge in trading volume for the cannabis sector, with AYR Wellness leading. Despite this, major Multi-State Operators like Curaleaf and AYR face liquidity challenges, with increased days required to trade their market cap. The report emphasizes the importance of liquidity for investors and hints at potential DEA rescheduling as a factor for market outlook but notes skepticism about attracting more institutional investment without further reforms.

Portfolio Pulse from Nicolás Jose Rodriguez

April 11, 2024 | 5:17 pm

SPY

The U.S. Treasury has successfully sold $22 billion worth of 29-year 10-month bonds at a high yield of 4.671%, with 58.23% of the bids awarded at this high yield. This auction could influence market sentiment and interest rate expectations.

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 5:04 pm

NSIT

Insight Enterprises (NASDAQ:NSIT) has delivered an average annual return of 21.26% over the past 10 years, outperforming the market by 10.54%. A $100 investment in NSIT a decade ago would now be worth $689.10, with the company currently valued at $5.94 billion.

Portfolio Pulse from Benzinga Insights

April 11, 2024 | 5:00 pm