Streetbeat News

Assets

BBAI

BigBear.ai Holdings (NYSE:BBAI) has seen a 21.38% increase in short interest since its last report, with 14.16 million shares sold short, representing 10.39% of its float. This is significantly higher than its peer group average of 3.49%. The rise in short interest suggests a bearish market sentiment towards BBAI, but it's important to note that an increase in short interest can sometimes be bullish.

Portfolio Pulse from Benzinga Insights

April 09, 2024 | 2:30 pm

AAPL

GOOGL

META

MSFT

NVDA

QQQ

SPY

TSLA

The Market Clubhouse Morning Memo for April 9th, 2024, provides trading strategies for SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA based on a proprietary formula. It offers detailed analysis for each asset, including potential bullish and bearish price levels. The memo emphasizes the importance of monitoring these stocks for breakouts or reversals and adjusting tactics based on market conditions. Additionally, it highlights the lack of economic data today, with the only notable event being a 3-Year Note Auction, and advises traders to prepare for tomorrow's CPI figures.

Portfolio Pulse from RIPS

April 09, 2024 | 2:17 pm

PYPL

Investors have shown a bullish stance on PayPal Holdings (NASDAQ:PYPL), with options trading indicating a split sentiment of 55% bullish and 44% bearish. The trading activity suggests a focus on a price band between $50.0 and $80.0 for PYPL. The largest trades include both puts and calls, with significant amounts invested. PayPal, known for its electronic payment solutions and ownership of Venmo, has seen its stock price increase by 0.9% to $66.94. Market experts have issued mixed ratings, with a consensus target price of $67.0.

Portfolio Pulse from Benzinga Insights

April 09, 2024 | 2:16 pm

SMCI

Super Micro Computer (NASDAQ:SMCI) has seen a mix of bullish and bearish options trading activity, with a slight lean towards bearish sentiment. The trading range for the stock is projected between $800 and $1820 over the next three months. The largest trades observed include both bullish and bearish positions, with significant amounts invested. The company, specializing in high-performance server technology, is currently trading at $926.0, down by -0.27%. Analysts have set an average price target of $1243.33, with ratings ranging from Buy to Overweight.

Portfolio Pulse from Benzinga Insights

April 09, 2024 | 2:16 pm

BAC

Investors have shown a bearish stance on Bank of America (NYSE:BAC), with options trading indicating a split sentiment of 37% bullish and 62% bearish. Uncommon options trades were spotted, including 2 puts and 6 calls, with a focus on a price window from $36.0 to $39.0. Notable trades include both bullish and bearish calls and puts, with significant trade prices and varying sentiments. Bank of America, a major US financial institution, has seen its stock price slightly increase to $37.51, with an RSI indicating a potential overbought status. The next earnings report is expected in 7 days.

Portfolio Pulse from Benzinga Insights

April 09, 2024 | 2:01 pm

RCL

Deep-pocketed investors have shown a bearish sentiment towards Royal Caribbean Gr (NYSE:RCL), with options activity indicating a focus on a price band between $125.0 and $140.0. The tracking of public options records by Benzinga revealed a significant move, with 66% of the activity being bearish. The company, the world's second-largest cruise operator, has seen its stock price slightly decrease by -0.5% to $137.6. The next earnings report is expected in 23 days, and the RSI indicators suggest the stock may be approaching overbought territory.

Portfolio Pulse from Benzinga Insights

April 09, 2024 | 2:01 pm

ACTV

PKB

SWX

Southwest Gas Holdings, Inc.'s subsidiary, Centuri Holdings, Inc., is preparing for an IPO, offering 12.40 million shares with an option for underwriters to buy an additional 1.86 million shares. The price range is set between $18.00 and $21.00 per share, and it will be listed on the NYSE under the ticker 'CTRI'. Carl Icahn's investment entities have agreed to purchase 2.59 million shares concurrently. The IPO is part of a public filing with the SEC by Centuri. Exposure to SWX can also be gained through LeaderShares Activist Leaders ETF (ACTV) and Invesco Building & Construction ETF (PKB). SWX shares recently dropped by 0.74%.

Portfolio Pulse from Lekha Gupta

April 09, 2024 | 1:54 pm

PDD

Smart money investors have shown a bearish stance on PDD Holdings (NASDAQ:PDD), with options trading indicating a split sentiment but leaning towards bearish with 55% against 44% bullish. A total of 9 unusual options trades were spotted, with 7 puts and 2 calls, aiming for a price range of $110.0 to $135.0 over the next three months. The trading volume and RSI indicators suggest PDD may be approaching overbought territory. Analysts maintain a positive outlook, with an average price target of $181.2.

Portfolio Pulse from Benzinga Insights

April 09, 2024 | 1:45 pm

LLY

Eli Lilly and Co (NYSE:LLY) has seen a significant bearish stance from big-money investors, as revealed by options trading data. The sentiment is predominantly bearish with 87% against 12% bullish. Large trades have targeted a price range of $750.0 to $830.0 for LLY over the last 3 months. The trading volume and open interest trends in options indicate a keen interest in these price levels. Eli Lilly, a major drug firm, is approaching its earnings announcement with its stock price slightly up and potentially nearing overbought territory.

Portfolio Pulse from Benzinga Insights

April 09, 2024 | 1:45 pm

DOGE-USD

Crypto trader Jake Gagain predicts Dogecoin (DOGE) will reach a $100 billion market cap, advising holders to retain their investments until the Bitcoin halving. Gagain's optimistic forecast is based on a conversation with an investor who has held $600,000 in DOGE since 2020. The prediction suggests a significant increase in value, potentially turning the investment into over $2 million by 2025. Dogecoin has recently seen a 12% increase, with a notable surge in large transaction volume and daily active addresses.

Portfolio Pulse from Khyathi Dalal

April 09, 2024 | 1:32 pm