Streetbeat News

Assets

OWL

Blue Owl Capital (NYSE:OWL) has seen a 19.57% decrease in short interest, now at 17.39 million shares or 4.81% of float, taking 4.21 days on average to cover. This decline in short interest could indicate a more bullish sentiment towards OWL, despite it having higher short interest than its peer group average of 2.61%.

Portfolio Pulse from Benzinga Insights

April 09, 2024 | 6:00 pm

ONTO

Onto Innovation's (NYSE:ONTO) short interest has decreased by 6.62%, now standing at 1.34 million shares or 3.81% of its float. This decline suggests a more bullish sentiment among investors compared to its peers, with the peer group average at 7.07%. Short interest is a key indicator of market sentiment, and a decrease often signals increased investor confidence.

Portfolio Pulse from Benzinga Insights

April 09, 2024 | 6:00 pm

MPC

Financial analysts have observed a significant bearish trend in options trading for Marathon Petroleum (NYSE:MPC), with 62% of trades showing bearish tendencies. The trading activity suggests a price target range between $200.0 and $280.0. The largest trades have been predominantly puts, indicating a bearish outlook. Marathon Petroleum, a major refiner, is currently trading at $216.9, slightly down by -0.04%. Analysts have issued mixed ratings, with a consensus target price of $203.2, suggesting a potential downside.

Portfolio Pulse from Benzinga Insights

April 09, 2024 | 5:45 pm

ALNY

ANNX

BIIB

COR

EXAS

GILD

JNJ

LLY

MRNA

NVAX

Today's session highlighted significant options activity in the Health Care sector, with notable movements in stocks like MRNA, EXAS, LLY, GILD, ANNX, JNJ, COR, NVAX, ALNY, and BIIB. The activity ranged from bearish to bullish sentiments across various expiration dates and strike prices, indicating diverse trading strategies by large investors or 'whales'. This options activity could signal upcoming volatility or shifts in these stocks, making them ones to watch for traders.

Portfolio Pulse from Benzinga Insights

April 09, 2024 | 5:35 pm

AMZN

DKS

EXPE

NCLH

PDD

RSI

TSLA

ULTA

Today's whale activity in the Consumer Discretionary sector highlighted significant options trading in stocks like TSLA, W, RSI, PDD, SN, NCLH, AMZN, DKS, ULTA, and EXPE. The trades varied in sentiment, with some showing bullish and others bearish outlooks, indicating diverse expectations for these stocks' future movements.

Portfolio Pulse from Benzinga Insights

April 09, 2024 | 5:35 pm

AAPL

AMD

CSCO

HCP

HUBS

INTC

MSFT

NVDA

RIOT

SNOW

Today's session highlighted significant whale activity in the options market for 10 Information Technology stocks, indicating potential trading opportunities. Notable activities include bullish calls on NVDA and bearish calls on INTC, with various sentiments across other stocks like AMD, RIOT, CSCO, HCP, HUBS, MSFT, SNOW, and AAPL. The activity suggests diverse market expectations and strategies among large investors.

Portfolio Pulse from Benzinga Insights

April 09, 2024 | 5:35 pm

GFS

BofA Securities analyst Vivek Arya introduced MANGO, a semiconductor stock grouping including Marvell Technology (MRVL), Advanced Micro Devices (AMD), Analog Devices (ADI), Broadcom (AVGO), Nvidia (NVDA), GlobalFoundries (GFS), and On Semiconductor (ON). The grouping aims to highlight industry leaders. Nvidia and Broadcom lead in performance, while GlobalFoundries and Onsemi lag. ON Semiconductor and GlobalFoundries are identified as undervalued, with potential upsides of 18.35% and 12.27%, respectively, based on analyst price targets.

Portfolio Pulse from Surbhi Jain

April 09, 2024 | 5:28 pm

REFI

Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI) has provided a $20 million loan facility to Massachusetts-based cannabis operator Nova Farms. This funding aims to support Nova Farms' expansion in New Jersey and Connecticut, enhancing its footprint of dispensaries. Nova Farms, which operates a cultivation farm, seven retail brands, and five dispensaries across Massachusetts, Maine, and New Jersey, plans its next retail opening for late 2024. The partnership is expected to bolster Nova Farms' position in the cannabis market by accelerating its strategic plans and ensuring a competitive edge.

Portfolio Pulse from Jelena Martinovic

April 09, 2024 | 5:18 pm

CVX

Recent options trading activity for Chevron (NYSE:CVX) shows a bullish sentiment among investors, with 63% of trades being bullish and 37% bearish. Significant trading activity has been observed, with a total of 11 trades, including 4 puts and 7 calls, indicating an expected price range for Chevron's stock between $125.0 and $230.0 over the next three months. Chevron, a major integrated energy company, has a current stock price of $161.67, showing a slight increase of 0.25%. The company is expected to announce its earnings in 17 days, and its trading volume and RSI indicators suggest the stock may be overbought.

Portfolio Pulse from Benzinga Insights

April 09, 2024 | 5:16 pm

NCLH

Norwegian Cruise Line Holdings Ltd (NYSE:NCLH) announced plans for eight new ships across three brands, adding nearly 25,000 berths, and the construction of a multi-ship pier at Great Stirrup Cay. The ships are scheduled for delivery between 2026 and 2036, with financing secured for two of the ships. Stifel analyst Steven Wieczynski reiterated a Buy rating with a $25 price target, highlighting the company's aggressive expansion and potential for market entry with minimal fleet cannibalization. Despite a short-term 2.35% drop in NCLH shares to $18.93, the long-term growth prospects are deemed positive.

Portfolio Pulse from Shivani Kumaresan

April 09, 2024 | 5:01 pm