Streetbeat News

Assets

United States Steel (NYSE:X) has delivered an average annual return of 15.67% over the past 5 years, outperforming the market by 2.79% annually. With a current market capitalization of $8.95 billion, a $100 investment in X 5 years ago would be worth $208.40 today.

Portfolio Pulse from Benzinga Insights

March 20, 2024 | 6:02 pm

SPY

The Federal Reserve's FOMC has decided to maintain the federal funds rate at 5-1/4 to 5-1/2 percent, citing solid economic activity, strong job gains, and elevated but easing inflation. The Committee aims to achieve maximum employment and a 2 percent inflation rate, noting the economic outlook's uncertainty and commitment to monitoring inflation risks closely. It also plans to continue reducing its holdings of Treasury and agency securities, emphasizing its strong commitment to a 2 percent inflation objective.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 6:00 pm

BAX

BIIB

CVS

DHR

HCA

IBRX

LLY

NVO

TMO

VKTX

Today's session highlighted significant options activity in the Health Care sector, with notable trades on stocks like BAX, VKTX, CVS, LLY, IBRX, NVO, BIIB, DHR, HCA, and TMO. The activity ranged from bearish to bullish sentiments, involving both put and call options with varying expiration dates and strike prices. This options activity could indicate traders' expectations for these stocks' future movements.

Portfolio Pulse from Benzinga Insights

March 20, 2024 | 5:35 pm

AMZN

CZR

GES

PDD

PLNT

RIVN

TSLA

YUMC

Today's session highlighted significant options activity in the Consumer Discretionary sector, with notable movements in stocks like RIVN, CZR, TSLA, PDD, PLNT, AMZN, GES, F, YUMC, and HD. The activity ranged from bullish to bearish sentiments, involving both call and put options across various expiration dates and strike prices. This could indicate potential trading opportunities based on the whales' movements.

Portfolio Pulse from Benzinga Insights

March 20, 2024 | 5:35 pm

AMD

CSCO

DOCN

MSFT

MSTR

NVDA

SMCI

TSM

WOLF

Today's session highlighted significant whale activity in the options market for 10 Information Technology stocks, indicating potential trading opportunities. The activity involved both call and put options with varying sentiments across stocks like NVDA, AMD, MU, SMCI, WOLF, DOCN, MSFT, TSM, MSTR, and CSCO. These movements suggest traders are actively positioning in anticipation of future price movements.

Portfolio Pulse from Benzinga Insights

March 20, 2024 | 5:35 pm

Macy's (NYSE:M) has seen a decrease in short interest, with 17.16 million shares sold short, representing 7.05% of its float. This is below the peer group average of 8.17%. The reduction in short interest suggests a more bullish sentiment among investors towards Macy's, although it doesn't guarantee a near-term price rise.

Portfolio Pulse from Benzinga Insights

March 20, 2024 | 5:15 pm

AllianceBernstein Holding (NYSE:AB) has seen a 6.67% increase in its short percent of float since the last report, with 1.08 million shares sold short, representing 0.96% of available shares. This indicates a bearish sentiment among investors, although it's lower than the peer group average of 2.47%. The article suggests that an increase in short interest doesn't necessarily predict a stock price fall.

Portfolio Pulse from Benzinga Insights

March 20, 2024 | 5:15 pm

WULF

TeraWulf's stock price increased due to a rise in Bitcoin value and the company's announcement of its Q4 financial results.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 4:43 pm

COPX

FCX

SCCO

Copper stocks, including those in the Global X Copper Miners ETF (COPX), Southern Copper Corp. (SCCO), and Freeport-McMoRan Inc. (FCX), have surged in March due to tight global copper market conditions. Analysts predict a major scarcity by 2025, driven by low copper stocks, peak mine supply, and strong demand from green technologies. Goldman Sachs remains bullish on copper, anticipating scarcity pricing and significant economic implications.

Portfolio Pulse from Piero Cingari

March 20, 2024 | 4:37 pm

ETHUSD

The SEC is investigating several crypto companies related to Ethereum, impacting the likelihood of an Ethereum ETF approval. This probe, led by SEC Chair Gary Gensler, is centered on determining whether Ethereum should be classified as a security or a commodity. The outcome could significantly influence the regulatory landscape for Ethereum and its associated investment products.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 4:32 pm