Streetbeat News

Assets

HUT

Hut8 Mining's CEO, Asher Genoot, emphasized the company's strategic approach to mining, only engaging in the activity when profitable, supported by proprietary software. With over 9,100 BTC on its balance sheet, Hut8 aims to ensure stability while focusing on growth.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 6:51 pm

MDB

Smart money investors have shown a bullish sentiment on MongoDB (NASDAQ:MDB) through options trading, with 60% of trades being bullish. The targeted price range is $220 to $530. Significant options trades include both bullish and bearish positions with varying strike prices and expiration dates. MongoDB's stock is currently neutral with a price of $363.52. Analyst ratings vary, with a consensus target price of $437.2, but opinions range from Sell to Outperform.

Portfolio Pulse from Benzinga Insights

April 09, 2024 | 6:45 pm

AI

Investors have shown a bearish stance on C3.ai (NYSE:AI), with options trading indicating a split sentiment of 44% bullish and 55% bearish. A significant volume of options trades, primarily puts, suggests expectations of price movements between $20.0 and $47.5. The largest trades include both bearish and bullish positions, with notable activity in puts. C3.ai, an enterprise AI company, has seen its stock price slightly decrease to $24.96, with indicators suggesting it may be oversold. The company's next earnings are expected in 50 days.

Portfolio Pulse from Benzinga Insights

April 09, 2024 | 6:45 pm

COST

Deep-pocketed investors have shown a bearish sentiment towards Costco Wholesale (NASDAQ:COST), with unusual options activity detected. Benzinga's options scanner revealed 30 extraordinary activities, with 70% bearish and 30% bullish sentiment among them. The significant trading range for COST is predicted between $575.0 and $1060.0 over the next three months. The largest options trades include both bullish and bearish positions, with notable trades aiming for various strike prices. Costco's current stock price is up 0.45% at $715.0, with analysts giving mixed ratings but generally leaning towards a positive outlook with a consensus target price of $789.0.

Portfolio Pulse from Benzinga Insights

April 09, 2024 | 6:45 pm

BTCUSD

Bitcoin's value has decreased in anticipation of the upcoming inflation data release on Wednesday. This movement reflects market sensitivity to economic indicators that could influence Bitcoin's valuation.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 6:45 pm

BTCUSD

DOGEUSD

ETHUSD

Bitcoin fell below $69,000, causing a downturn in the cryptocurrency market with Ethereum and Dogecoin also experiencing significant drops. This led to over $250 million in liquidations in the cryptocurrency derivatives market. Despite the market's volatility, some analysts, like Bob Loukas, remain cautiously optimistic but acknowledge the potential for further corrections.

Portfolio Pulse from Murtuza Merchant

April 09, 2024 | 6:44 pm

GLD

SLV

Gold and silver prices are on the rise as investors anticipate the upcoming Consumer Price Index (CPI) report on Wednesday. This anticipation suggests that investors are looking towards precious metals as a hedge against potential inflation indicated by the CPI report.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 6:40 pm

CF

Whales have shown a bullish stance on CF Industries Holdings (NYSE:CF), with 55% of detected trades being bullish and 45% bearish. The trading activity suggests a target price range of $71.0 to $87.5. Notable options activity includes both bullish and bearish sentiments, with a mix of puts and calls. CF Industries, a leading nitrogen producer, benefits from low-cost U.S. natural gas, making it one of the lowest-cost producers globally. The stock is currently neutral with a recent price up 2.77% to $82.0.

Portfolio Pulse from Benzinga Insights

April 09, 2024 | 6:16 pm

AMZN

MSFT

TSM

Microsoft Corp (NASDAQ:MSFT) announced a $2.9 billion investment in Japanese data centers by 2025 to boost AI and cybersecurity, coinciding with Prime Minister Kishida's US visit. This move aligns with Tokyo's AI ambitions and positions Microsoft as a key cloud services provider, second to Amazon.Com Inc (NASDAQ:AMZN). Additionally, Taiwan Semiconductor Manufacturing Co (NYSE:TSM) plans to source 60% of materials locally for its Japanese chip facility by 2030, with significant Japanese government investment. AWS also commits $15.5 billion to Japanese operations from 2023 to 2027.

Portfolio Pulse from Anusuya Lahiri

April 09, 2024 | 6:07 pm

RS

Reliance (NYSE:RS) has seen a 24.22% increase in short interest since its last report, with 866 thousand shares sold short, representing 2.0% of its float. This indicates a bearish market sentiment towards RS, although it has less short interest compared to its peers' average of 6.01%. The rise in short interest doesn't necessarily predict a price drop but suggests increased bearishness among traders.

Portfolio Pulse from Benzinga Insights

April 09, 2024 | 6:00 pm