Streetbeat News

Assets

PGR

Over the past 15 years, Progressive (NYSE:PGR) has outperformed the market with an annualized return of 19.4%, turning a $1000 investment into $14,979. The company's market capitalization stands at $123.01 billion. This showcases the impact of compounded returns on investment growth over time.

Portfolio Pulse from Benzinga Insights

April 03, 2024 | 4:00 pm

AAPL

ADP

AMZN

GOOG

META

MSFT

NVDA

QQQ

SPY

TSLA

The Market Clubhouse Morning Memo for April 3rd, 2024, provides a trade strategy for SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA, based on a proprietary formula. It offers detailed analysis for each asset, including potential support and resistance levels, and highlights the importance of the ADP Non-Farm Employment Change and ISM Services Index releases, as well as speeches from Fed officials, in influencing market volatility.

Portfolio Pulse from RIPS

April 03, 2024 | 3:51 pm

KKR

Tian Tu Capital reported a significant net loss of 873 million yuan for the last year, a stark reversal from a 559 million yuan profit in 2022. The venture capital firm, which focuses on consumer companies and relies on IPOs in the Hong Kong market for exits, is facing challenges due to a weak IPO market and declining asset values. The company is shifting its strategy towards investments aligned with government priorities and exploring IPO alternatives. Despite the downturn, Tian Tu's shares trade at a significant discount compared to global peers like Carlyle (CG) and KKR, with a P/B ratio of 0.28.

Portfolio Pulse from The Bamboo Works

April 03, 2024 | 3:48 pm

AMD

DLR

EQIX

SMCI

The article discusses the concept of finding overlooked investment opportunities in the stock market, particularly focusing on 'pick and shovel' plays that benefit from larger trends like the AI boom. It highlights how stocks like NVIDIA and Advanced Micro Devices (AMD) have seen significant gains, but suggests looking at companies like Digital Realty (DLR) and Equinix Inc (EQIX) that could also benefit from the AI trend but haven't been as widely discussed or seen as dramatic price increases.

Portfolio Pulse from Aaron Bry

April 03, 2024 | 3:36 pm

HUM

Deep-pocketed investors have shown a bearish sentiment towards Humana (NYSE:HUM), with unusual options activity detected. Benzinga's options scanner revealed 15 extraordinary activities, with 60% bearish and 40% bullish sentiment among these trades. The options trades range between $200.0 to $420.0 strike prices, indicating significant speculation on Humana's future price movements. The company, a major player in private health insurance, particularly in government-sponsored programs, has seen its stock price slightly increase by 0.61% to $306.2. The next earnings report is expected in 21 days, and the RSI indicators suggest the stock may be approaching oversold territory.

Portfolio Pulse from Benzinga Insights

April 03, 2024 | 3:31 pm

QCOM

Over the past 5 years, Qualcomm (NASDAQ:QCOM) has outperformed the market with an annualized return of 24.73%, turning a $1000 investment into $3,002.51. The company's market capitalization stands at $189.57 billion.

Portfolio Pulse from Benzinga Insights

April 03, 2024 | 3:30 pm

IMXUSD

Immutable's cryptocurrency (CRYPTO: IMX) has seen a price increase of 3.36% in the last 24 hours, reaching $2.77, despite a 7.0% decrease over the past week from $2.93. The coin's all-time high is $9.52. Trading volume has decreased by 42.0% over the past week, and the circulating supply has slightly decreased by 0.16% to over 1.42 billion, which is 71.15% of its max supply of 2.00 billion. Currently, IMX's market cap ranks it at #34 with a value of $3.93 billion.

Portfolio Pulse from Benzinga Insights

April 03, 2024 | 3:02 pm

CROUSD

Cronos (CRO) experienced a significant price increase of 8.81% over the past 24 hours, reaching $0.15. Over the last week, its price has also risen by over 2.0%. The coin's all-time high is $0.97. Trading volume has increased by 2.0% in the past week, while the circulating supply decreased by 1.74%, now standing at 26.63 billion. Cronos's market cap is currently ranked #31 at $4.11 billion.

Portfolio Pulse from Benzinga Insights

April 03, 2024 | 3:02 pm

AZN

AstraZeneca (NASDAQ:AZN) has seen a bullish trend in its options market, with 62% of traders showing bullish sentiment. The analysis revealed 8 unusual trades, with a notable preference for puts over calls in terms of value. The expected price range for AZN over the next three months is between $62.5 and $67.5. The largest trades observed include both bullish and bearish sentiments, with significant activity around the $62.5 to $67.5 strike prices. AstraZeneca's current stock price is $67.19, with an upcoming earnings announcement in 22 days.

Portfolio Pulse from Benzinga Insights

April 03, 2024 | 3:01 pm