Streetbeat News

Assets

NVR

NVR, Inc. (NYSE:NVR) has seen a 16.22% decrease in short interest, now at 42 thousand shares or 1.55% of float, taking 2.05 days on average to cover. This decline in short interest may indicate a more bullish sentiment towards NVR compared to its peers, where the average short interest as a percentage of float is 6.46%. Short interest is a key indicator of market sentiment, with decreases potentially signaling increased bullishness.

Portfolio Pulse from Benzinga Insights

April 03, 2024 | 6:00 pm

Goldman Sachs Group maintains its negative stance on cryptocurrency, with Sharmin Mossavar-Rahmani, the chief investment officer of Goldman Sachs’ Wealth Management unit, reiterating that they do not view it as an investment asset class. This position contrasts with other financial giants like BlackRock Inc. and Fidelity, which have expanded their crypto offerings. Goldman Sachs' skepticism is rooted in the difficulty of valuing cryptocurrencies and the perceived hypocrisy within the crypto industry.

Portfolio Pulse from Murtuza Merchant

April 03, 2024 | 5:52 pm

SPXL

SPXS

SPY

The SPDR S&P 500 ETF (SPY) rose by 0.3% amid optimism for Federal Reserve rate cuts, respecting a rising channel pattern. Bullish indicators have led to a 10% surge in SPY in the first quarter. Traders can use Direxion Daily S&P 500 Bull 3X Shares (SPXL) for bullish positions and Direxion Daily S&P 500 Bear 3X Shares (SPXS) for bearish positions, both tracking SPY movements with 300% leverage. Leveraged ETFs are recommended for short-term trading.

Portfolio Pulse from Melanie Schaffer

April 03, 2024 | 5:41 pm

ABBV

ESTA

GILD

INSP

MRNA

NVCR

TMDX

UNH

VKTX

Today's whale activity in the Health Care sector highlighted significant options trading across various stocks, indicating bullish, bearish, and neutral sentiments. Notable trades were observed in UNH, MRNA, TMDX, ESTA, NVCR, GILD, ABBV, VKTX, INSP, and CI, with varying expiration dates, strike prices, and sentiments. This activity could signal upcoming movements in these stocks based on the large sums of money involved and the sentiments expressed through these option trades.

Portfolio Pulse from Benzinga Insights

April 03, 2024 | 5:35 pm

AMZN

BABA

CMG

CROX

CZR

KBH

PLAY

TSLA

VFC

Today's session highlighted significant options activity in the Consumer Discretionary sector, with notable trades on TSLA, CZR, PLAY, BABA, AMZN, VFC, CROX, KBH, RL, and CMG. The activity ranged from bullish to bearish sentiments, involving both call and put options across various expiration dates and strike prices. This unusual options activity could indicate potential trading opportunities or market movements.

Portfolio Pulse from Benzinga Insights

April 03, 2024 | 5:35 pm

AMD

DELL

HPE

INTC

MARA

MSFT

NVDA

SMCI

WDC

Today's session highlighted significant options activity for 10 Information Technology stocks, indicating potential trading opportunities based on whale alerts. These alerts track large transactions and divergences in market estimations of option values. Notable activities include bearish calls on NVDA, bullish puts on MSFT, and various bullish calls on SMCI, AMD, WDC, DELL, MARA, and HPE, with neutral calls on MU and bearish puts on INTC.

Portfolio Pulse from Benzinga Insights

April 03, 2024 | 5:35 pm

LGIH

LGI Homes (NYSE:LGIH) has seen a 6.32% increase in its short percent of float since the last report, reaching 13.12% of all shares available for trading. With 2.27 million shares sold short, it would take about 11.97 days for traders to cover their short positions. This rise in short interest indicates a more bearish market sentiment towards LGIH, although it doesn't necessarily predict a near-term price drop. LGIH's short interest is higher than its peer group average of 5.96%.

Portfolio Pulse from Benzinga Insights

April 03, 2024 | 5:30 pm

AMT

Over the past 20 years, American Tower (NYSE:AMT) has produced an average annual return of 14.76%, outperforming the market by 6.91% annually. A $100 investment in AMT 20 years ago would be worth $1,569.84 today. American Tower currently has a market capitalization of $89.32 billion.

Portfolio Pulse from Benzinga Insights

April 03, 2024 | 5:30 pm

LDOS

Leidos Holdings (NYSE:LDOS) has delivered an average annual return of 13.28% over the past 10 years, outperforming the market by 2.39%. A $100 investment in LDOS a decade ago would now be worth $350.53, showcasing the impact of compounded returns on investment growth. Leidos Holdings currently has a market capitalization of $17.41 billion.

Portfolio Pulse from Benzinga Insights

April 03, 2024 | 5:30 pm

EWJ

URA

The Japanese government aims to begin field testing clean hydrogen production using nuclear power by 2028, leveraging the High Temperature Engineering Test Reactor (HTTR). This follows a successful safety test and is part of Japan's strategy to meet increasing global power demand and reduce industrial emissions without greenhouse gases. The HTTR's technology could potentially power 200,000 fuel cell vehicles annually if scaled. Japan's commitment to nuclear-powered hydrogen production reflects a broader international interest in nuclear energy post-Paris climate agreement, despite ongoing skepticism and challenges, including waste disposal.

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 5:17 pm