Streetbeat News

Assets

SLV

Silver prices are declining as investors move away from safe-haven assets following Iran's attack on Israel. This shift is accompanied by an increase in Treasury yields, which strengthens the dollar.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 5:09 pm

BTCUSD

Bitcoin's price has declined due to increased market volatility following Iran's recent attack on Israel, affecting risk sentiment.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 5:06 pm

TSM

Financial giants have shown a bullish stance on Taiwan Semiconductor (NYSE:TSM) with 61 unusual trades, indicating a price target range of $115 to $195 over the next three months. The analysis revealed a mix of bullish and bearish sentiments among traders, with a significant lean towards bullish positions. Notable options activity and expert opinions suggest a positive outlook for TSM, with analysts setting an average target price of $164.33. The company's market leadership and strong customer base, including major tech firms, support its solid operating margins.

Portfolio Pulse from Benzinga Insights

April 16, 2024 | 5:01 pm

BTCUSD

In a Fox Business debate, Peter Schiff, a gold proponent, advised Natalie Brunell to sell all her Bitcoin to avoid future losses, criticizing Bitcoin's lack of intrinsic value. Brunell defended Bitcoin, highlighting its advantages over gold, such as portability and verifiability, and its superior long-term performance. The debate underscores the ongoing discussion about the role of cryptocurrencies and gold as stores of value, setting the stage for further discussions at the Future of Digital Assets conference.

Portfolio Pulse from Murtuza Merchant

April 16, 2024 | 4:54 pm

COR

Cencora (NYSE:COR) has delivered an average annual return of 13.93% over the past 10 years, turning a $1000 investment into $3,678.24 today. With a market capitalization of $47.50 billion, Cencora has outperformed the market by 3.55% on an annualized basis.

Portfolio Pulse from Benzinga Insights

April 16, 2024 | 4:30 pm

MARA

Financial analysis reveals a bullish trend in options trading for Marathon Digital Holdings (NASDAQ:MARA), with 58% of trades being bullish. The options activity suggests a target price range of $5.0 to $50.0. The company, focusing on digital asset mining, has seen its stock price decrease by -5.61% to $14.3, with an RSI indicating it may be oversold. Analysts have set an average target price of $25.75, with varying ratings from HC Wainwright & Co. and JP Morgan.

Portfolio Pulse from Benzinga Insights

April 16, 2024 | 4:16 pm

AI

Significant investors have shown a bullish stance on C3.ai (NYSE:AI) through options trading, as reported by Benzinga. The analysis of options activity reveals a predominant bullish sentiment with a focus on strike prices ranging from $21.0 to $34.0. Despite a mixed sentiment, 90% of the transactions are bullish. The volume and open interest in C3.ai's options have been closely monitored, indicating a strategic interest in the stock's future price movement. C3.ai, an enterprise AI company, has seen its stock price decrease by -0.91%, with a current price of $20.65. The next earnings report is expected in 43 days.

Portfolio Pulse from Benzinga Insights

April 16, 2024 | 4:16 pm

GOLD

Recent options trading activity for Barrick Gold (NYSE:GOLD) shows a bearish sentiment among investors, with a notable volume of trades predicting a price range of $10.0 to $25.0. Analysis of call and put options indicates mixed expectations, with 43% bullish and 56% bearish trades. Significant trades include both bullish and bearish positions, with a focus on strike prices between $15.00 and $20.00. Barrick Gold, a major gold and copper producer, has seen its stock price decrease by -5.73%, with an upcoming earnings announcement in 15 days.

Portfolio Pulse from Benzinga Insights

April 16, 2024 | 4:02 pm

AXP

Recent options trading activity indicates a bullish sentiment among big-money investors towards American Express (NYSE:AXP), with a notable split in sentiment (53% bullish, 46% bearish). The trading activity suggests a target price range of $150 to $240 for AXP over the next three months. The largest trades observed include both bullish and bearish positions, with significant amounts invested in calls and puts. American Express, a global financial institution, is currently trading at $217.13, with an earnings announcement expected in 3 days.

Portfolio Pulse from Benzinga Insights

April 16, 2024 | 4:02 pm

MSOS

YOLO

At the Benzinga's Cannabis Capital Conference, Dustin Milner, CEO of Talarya Brands, emphasized the importance of cash as the most valuable resource in the current market for mergers and acquisitions (M&A) within the cannabis industry. He highlighted the significance of achieving a return on cash investments as a critical factor for success.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 4:01 pm