Streetbeat News

Assets

CHRD

GDDY

HRI

ISCB

IWM

MKSI

SCAP

The InfraCap Small Cap Income ETF (SCAP) focuses on investing in small-cap companies for high yield and total return, using a blend of quantitative and qualitative analysis to outperform passive funds. SCAP's structure offers tax benefits by avoiding capital gains through in-kind redemptions. Despite the inherent risks of small-cap investments, SCAP has outperformed its passive counterparts like the Russell 2000 Index and the iShares Morningstar Small-Cap ETF (ISCB) in 2024. SCAP's portfolio includes significant holdings in iShares Russell 2000 ETF (IWM), MKS Instruments Inc (MKSI), Chord Energy Corp (CHRD), GoDaddy Inc (GDDY), and Herc Holdings Inc (HRI).

Portfolio Pulse from Johnny Rice

April 08, 2024 | 5:00 pm

PANW

Financial giants have shown a bearish sentiment towards Palo Alto Networks (NASDAQ:PANW) through options trading, with 55% bearish and 44% bullish trades. Notable options activity includes both calls and puts with a focus on a price band between $200.0 and $370.0. The current trading volume of PANW is 1,620,902, with a slight increase of 0.18% in its price, reaching $269.5. Analysts have set an average price target of $340.0, with mixed revisions from Stifel and Redburn Atlantic.

Portfolio Pulse from Benzinga Insights

April 08, 2024 | 4:46 pm

WMT

Investors have shown increased interest in Walmart's (NYSE:WMT) options, with a notable split in sentiment: 55% bullish and 44% bearish. Benzinga's options scanner revealed 9 significant trades, indicating a targeted price range of $55.0 to $65.0 for WMT over the last 3 months. The volume and open interest trends suggest active trading within this range. Walmart's current market position shows a slight decrease in stock price to $59.84, with potential indicators of being oversold. The next earnings report is expected in 38 days.

Portfolio Pulse from Benzinga Insights

April 08, 2024 | 4:45 pm

SCHW

The Schwab Trading Activity Index (STAX) rose to 51.65 in March from 47.65 in February, indicating moderate market exposure among Schwab clients who favored Information Technology, Health Care, and Consumer Staples sectors. Despite mixed macroeconomic data, U.S. equity markets reached new highs, with the Nasdaq and S&P 500 soaring, while the VIX and U.S. Dollar Index remained stable. Economic indicators showed mixed signals, with jobless claims slightly higher than expected, a significant increase in nonfarm payrolls, and a rise in both CPI and PPI. Fed Chairman Powell noted a gradual decrease in inflation, but consumer confidence dipped. May Crude Oil Futures surged by 8.7%.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 4:33 pm

SPGI

Whales have shown a bearish stance on S&P Global (NYSE:SPGI), with options trading indicating a preference for bearish positions over bullish ones. Analysis of options trades reveals a focus on a price window of $420.0 to $460.0 for SPGI. The company, a major player in providing data and benchmarks to markets, has seen its stock price remain stable at $431.59, with an upcoming earnings report in 17 days.

Portfolio Pulse from Benzinga Insights

April 08, 2024 | 4:16 pm

BAC

Recent options trading activity for Bank of America (NYSE:BAC) indicates a bearish sentiment among large investors, with a notable split of 33% bullish and 66% bearish trades. The trading volume and open interest suggest a targeted price range of $25.0 to $42.0 for BAC over the last 3 months. The largest trades observed include both bearish and neutral sentiments, with significant amounts invested in calls. Bank of America, a major US financial institution, is approaching its earnings announcement, with its stock price slightly up and trading volume at 11,837,130.

Portfolio Pulse from Benzinga Insights

April 08, 2024 | 4:16 pm

CRPT

MSTR

MVPA

Benchmark analyst Mark Palmer maintained a Buy rating on MicroStrategy Inc (NASDAQ:MSTR) and raised the price target from $990 to $1,875, citing the company's strong positioning to benefit from the upcoming Bitcoin halving. The halving, expected by April 20, will reduce new Bitcoin supply by half, potentially boosting Bitcoin's price, which Palmer believes could reach $150,000 by the end of 2025. MicroStrategy's strategy of increasing its Bitcoin holdings, funded by capital markets transactions and its enterprise software business, supports the stock's premium valuation. MicroStrategy's stock has surged 412% in the past 12 months, and exposure to it can also be gained through First Trust SkyBridge Crypto Industry And Digi Economy ETF (NYSE:CRPT) and Advisor Managed Portfolios Miller Value Partners Appreciation ETF (NYSE:MVPA).

Portfolio Pulse from Anusuya Lahiri

April 08, 2024 | 4:07 pm

AAPL

JPM

NVDA

Jamie Dimon, CEO of JPMorgan Chase & Co (NYSE:JPM), emphasized the transformative potential of AI, comparing its impact to major technological inventions like electricity. JPMorgan's strong performance, partly attributed to AI, highlights the broader benefits of AI beyond tech stocks. The article also notes positive early trade money flows in NVDA, AMZN, META, TSLA, SPY, and QQQ, with neutral flows in GOOG and MSFT, and negative in AAPL. Additionally, it mentions the buying of Bitcoin ETFs and the performance of gold and oil ETFs, GLD and USO.

Portfolio Pulse from The Arora Report

April 08, 2024 | 4:01 pm

GOLD

Financial analysts have observed a balanced mix of bullish and bearish options trading on Barrick Gold (NYSE:GOLD), with significant activity in both puts and calls. The trading suggests a predicted price range for GOLD between $13.0 and $22.0. The largest trades include both bullish and bearish sentiments, with the most notable being a bullish put sweep for a strike price of $22.00 expiring on 01/17/25. Barrick Gold, a major gold and copper producer, has seen its stock price decrease by -0.81%, with a current price of $17.72. The company's next earnings report is expected in 23 days.

Portfolio Pulse from Benzinga Insights

April 08, 2024 | 4:00 pm

NVDA

SSNLF

Lee Boo-jin, sister to Samsung Electronics Chairman Jay Y. Lee, is selling approximately 5.25 million shares of Samsung Electronics Co (OTC:SSNLF) in a block deal valued at around $330 million. The shares are offered at a slight discount, with investor orders already covering the sale. This follows a January sale by Lee Boo-jin and family to pay inheritance taxes. Samsung's strategic pivot to a new chip-manufacturing method aims to strengthen its AI chip sector presence, potentially impacting Nvidia Corp (NASDAQ:NVDA).

Portfolio Pulse from Anusuya Lahiri

April 08, 2024 | 3:57 pm