Streetbeat News

Assets

BTC-USD

ETH-USD

SOL-USD

Cryptocurrency analyst Michael Van De Poppe shared his strategy for making millions in crypto by 2024, focusing on strategic portfolio management, picking promising altcoins, and the importance of timing in buying and selling, especially with Bitcoin and Ethereum. He predicts a potential correction in Bitcoin's price and suggests a significant future value for Ethereum, while cautioning against investing in overly hyped assets like Solana or meme tokens.

Portfolio Pulse from Ivan Crnogatić

April 08, 2024 | 8:26 pm

PAG

Penske Automotive Group, Inc. (NYSE:PAG) plans to expand its retail automotive presence in Melbourne, Australia, by acquiring two Porsche dealerships and a Ducati motorcycle dealership. The acquisition, which includes Porsche Centre Brighton, Porsche Centre Doncaster, and Ducati Melbourne West, is expected to close in Q2 2024. This move aims to leverage Penske's existing infrastructure and experience in the retail automotive industry to drive growth of the Porsche brand in Melbourne.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 8:18 pm

NCLH

Norwegian Cruise Line announced its largest new build order with eight state-of-the-art vessels, adding nearly 25,000 berths across its three brands, and plans to construct a multi-ship pier at Great Stirrup Cay in the Bahamas.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 8:16 pm

BE

Bloom Energy, a leading company in fuel cell electricity production, is set to receive up to $75 million in federal tax credits. This funding aims to expand and enhance the operating efficiency of its manufacturing plant in Fremont, California.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 8:03 pm

LMT

Investors have shown a significant interest in Lockheed Martin (NYSE:LMT) options, with a mix of bearish and bullish sentiments. Benzinga's options scanner revealed 11 unusual trades, indicating a split sentiment with 45% bullish and 54% bearish. The trades include 4 puts and 7 calls, aiming for a price range of $400.0 to $520.0 for LMT over the next three months. The trading volume and open interest in LMT's options have been closely monitored, showing significant activity within the $400.0 to $520.0 strike price range. Lockheed Martin, the world's largest defense contractor, is currently trading at $452.77, with a slight decrease of -0.57% and an upcoming earnings announcement in 15 days.

Portfolio Pulse from Benzinga Insights

April 08, 2024 | 7:46 pm

FSLR

Recent unusual options activity in First Solar (NASDAQ:FSLR) indicates a bearish sentiment among deep-pocketed investors, with a notable division of 40% bullish and 60% bearish. The activity includes 25 extraordinary options, with puts totaling $2,671,489 and calls amounting to $3,680,108. The targeted price range for FSLR over the last 3 months is between $145.0 and $280.0. The largest options trades include both bullish and bearish sentiments, with significant trades highlighted. First Solar, a leading thin-film solar module manufacturer, has seen its stock price increase by 1.21% to $176.71, with an upcoming earnings report in 23 days. An analyst from Susquehanna maintains a Positive rating on FSLR with a target price of $258.

Portfolio Pulse from Benzinga Insights

April 08, 2024 | 7:45 pm

DOGEUSD

FLOKIUSD

WIFUSD

Renowned trader 'Bonk Guy' shared his views on Doge Day, focusing on meme coins like Floki and Dogecoin. He highlighted Dogecoin's past performance and anticipates that Floki, despite being his largest meme coin investment, will outperform Dogecoin due to its volatility and smaller market cap. He also mentioned a positive outlook for dogwifhat.

Portfolio Pulse from Ivan Crnogatić

April 08, 2024 | 7:40 pm

BIDU

Deep-pocketed investors have shown unusual options activity in Baidu (NASDAQ:BIDU), with an equal split between bullish and bearish sentiments. The activity, highlighted by Benzinga's options scanner, involves 22 extraordinary options activities, with a price window targeted between $85.0 and $125.0. The largest trades include both puts and calls, with significant open interest and volume observed. Baidu, a leading internet search engine in China, is currently experiencing a slight downturn in its stock price, with an earnings announcement expected in 36 days.

Portfolio Pulse from Benzinga Insights

April 08, 2024 | 7:16 pm

CVX

Smart money investors have shown a significant interest in Chevron (NYSE:CVX) options, with a mix of bullish and bearish sentiments. Benzinga's options scanner revealed 17 unusual trades, with a lean towards bullish positions (52%) over bearish ones (47%). The trades focus on a price range of $125.0 to $175.0 for Chevron, indicating expectations of notable price movement within this band. Chevron, a major integrated energy company, is currently experiencing a slight price decrease with an RSI indicating potential overbought conditions. An earnings announcement is expected in 18 days.

Portfolio Pulse from Benzinga Insights

April 08, 2024 | 7:15 pm

FNV

FSM

Fortuna Silver Mines (NYSE:FSM) reported strong Q1 gold and silver production, with gold production at 89,678 ounces and silver at 1.1 million ounces. The company also repaid $40 million on its credit facility and repurchased 1,030,375 shares. Despite a 49% increase in gold production year-over-year, silver production declined by 32%. The company exercised the right to acquire 50% of the 1.2% net smelter return at the Séguéla mine from Franco Nevada Corp (NYSE:FNV) for $6.6 million. Debt was reduced to $206 million, and cash reserves stood at $128 million.

Portfolio Pulse from Stjepan Kalinic

April 08, 2024 | 7:05 pm