Streetbeat News

Assets

AR

Antero Resources (NYSE:AR) has seen a 26.6% decrease in short interest, now at 12.72 million shares or 5.27% of float, taking 3.06 days on average to cover. This decline in short interest could indicate a more bullish sentiment towards AR compared to its peers, with the peer group average at 6.71% short interest. However, this does not guarantee a near-term price rise.

Portfolio Pulse from Benzinga Insights

April 10, 2024 | 4:00 pm

BRETT

SHIBUSD

TOSHI

Crypto traders CryptoDan and Crashius Clay shared tips on finding 100X meme coins, emphasizing contrarian strategies and strong conviction. Crashius Clay highlighted his success with BRETT, while CryptoDan is bullish on TOSHI. Their strategies include buying early, selling into hype, and maintaining a reserve fund. The podcast also touched on the potential of meme coins and Bitcoin in the institutional space, with a future event by Benzinga to explore these topics further.

Portfolio Pulse from Ivan Crnogatić

April 10, 2024 | 3:50 pm

AAPL

GLD

SPY

USO

New data indicates higher-than-expected inflation, suggesting a potential pullback in the stock market, though the bull market remains intact. The Arora Report plans to buy on the pullback, advising investors to increase cash holdings and adjust hedges. Early trade shows negative money flows in major tech stocks and ETFs, with the momo crowd buying stocks and gold, while smart money sells. Oil sees a build in inventories, and Bitcoin drops on the inflation news, challenging its status as an inflation hedge.

Portfolio Pulse from The Arora Report

April 10, 2024 | 3:36 pm

XOM

Exxon Mobil (NYSE:XOM) has seen a notable bearish sentiment in options trading, with 62% of trades showing bearish tendencies. Significant options trades have targeted a price range of $100.0 to $150.0. The company's current market position shows a slight increase in stock price to $121.24, with potential overbought indicators. Analyst ratings are generally positive, with a consensus target price of $137.2. The company's production and refining capacities underline its status as a major player in the oil and gas industry.

Portfolio Pulse from Benzinga Insights

April 10, 2024 | 3:31 pm

SPSC

SPS Commerce (NASDAQ:SPSC) has significantly outperformed the market with an average annual return of 24.03% over the past 15 years, turning a $100 investment into $2,528.24 today. The company now has a market capitalization of $6.38 billion.

Portfolio Pulse from Benzinga Insights

April 10, 2024 | 3:30 pm

HLT

Hilton Worldwide Holdings (NYSE:HLT) has delivered an average annual return of 18.89% over the past 5 years, outperforming the market by 6.78%. A $100 investment in HLT 5 years ago would be worth $237.50 today. Hilton's market capitalization stands at $52.16 billion.

Portfolio Pulse from Benzinga Insights

April 10, 2024 | 3:30 pm

PSA

Public Storage's stock trades lower following the pricing of its public offering of senior notes and an increase in Treasury yields due to higher-than-expected March inflation data.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 3:28 pm

GBTC

IBIT

Bitcoin ETF outflows decreased to $19.48 million, with Grayscale's GBTC experiencing a $154 million outflow and BlackRock's IBIT seeing a $128 million inflow. Hong Kong is preparing to launch Bitcoin spot ETFs, with an announcement expected on April 15. Meanwhile, VanEck expressed concerns over the uncertain approval timeline for a US-based Ethereum ETF, highlighting the lack of response from the SEC.

Portfolio Pulse from Murtuza Merchant

April 10, 2024 | 3:22 pm

AFRM

Affirm Holdings (NASDAQ:AFRM) has seen a bearish trend in options trading, with 70% of trades being bearish. The trading volume and open interest suggest a price band focus between $30.0 and $55.0. Currently, AFRM's stock price is down by -4.66%, trading at $33.72, with an RSI indicating a neutral position. The anticipated earnings release is in 27 days.

Portfolio Pulse from Benzinga Insights

April 10, 2024 | 3:17 pm

META

NVDA

Meta Platforms, Inc. has introduced a new artificial intelligence (AI) chip, signaling its intention to reduce its dependency on Nvidia Corporation for AI processing capabilities. This strategic move could potentially alter the competitive landscape in the AI technology sector.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 3:16 pm