Streetbeat News

Equity Actions

A significant bullish stance on Deere (NYSE:DE) has been observed through unusual options activity. The sentiment among these big-money traders is split between 55% bullish and 44% bearish. The whales have been targeting a price range from $320.0 to $440.0 for Deere over the last 3 months. Canaccord Genuity has downgraded its action to Buy with a price target of $530.

Portfolio Pulse from Benzinga Insights

July 11, 2023 | 5:34 pm

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COIN

Shares of Coinbase Global, Inc. (NASDAQ:COIN) are trading 10% higher on Tuesday, continuing the stock's upward momentum from the last 30 days. The company's stock price has risen more than 65% over the last 30 days. JMP Securities analyst Devin Ryan reiterated coverage on Coinbase with a Market Outperform rating and maintained the $90 price target for COIN. The larger crypto market has recently surged with the price of Bitcoin surpassing the $31,000 mark. BlackRock submitted an amended application to the SEC for a spot Bitcoin ETF that includes custodial and market surveillance agreements with Coinbase Global.

Portfolio Pulse from Erica Kollmann

July 11, 2023 | 5:06 pm

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Speculative fever is building in the stock market, driven by a rally in the 'magnificent seven' stocks: Apple, Amazon, Alphabet, Meta Platforms, Microsoft, NVIDIA, and Tesla. Predictions suggest a 100 point move in the S&P 500 following the release of CPI data. Nasdaq is set to conduct a special rebalance of the Nasdaq 100 due to the weight of these seven stocks. This may slightly impact these stocks negatively. Meanwhile, optimism from China's stimulus is influencing the U.S. market. An analyst predicts Bitcoin will reach $100K by the end of 2024.

Portfolio Pulse from The Arora Report

July 11, 2023 | 5:06 pm

DAL

Delta Air Lines (NYSE:DAL) has seen unusual options activity, with 57% of investors opening trades with bullish expectations and 42% with bearish. Whales have been targeting a price range from $30.0 to $50.0 for Delta Air Lines over the last 3 months. The price of DAL is down -0.11% at $48.41. Goldman Sachs, Jefferies, Raymond James, and B of A Securities have maintained their Buy ratings on Delta Air Lines, while Morgan Stanley downgraded its action to Overweight.

Portfolio Pulse from Benzinga Insights

July 11, 2023 | 5:02 pm

SYTA

Siyata Mobile has announced the pricing of a registered direct offering worth approximately $2.3 million, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

July 11, 2023 | 4:43 pm

TTD

A significant bullish stance has been taken on Trade Desk (NASDAQ:TTD) with 10 uncommon options trades spotted. The sentiment of these big-money traders is split between 70% bullish and 30% bearish. The whales have been targeting a price range from $75.0 to $85.0 for Trade Desk over the last 3 months. The price of TTD is up 6.34% at $80.72. Needham has downgraded its action to Buy with a price target of $80.

Portfolio Pulse from Benzinga Insights

July 11, 2023 | 4:33 pm

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U.S. stocks traded higher with the Dow Jones surging over 100 points. The NFIB Small Business Optimism Index in the U.S. rose to a seven-month high level of 91 in June. Energy shares climbed by 1.4%. Taoping Inc., Adial Pharmaceuticals, Inc., and Better Therapeutics, Inc. saw significant gains, while Siyata Mobile Inc., ADC Therapeutics SA, and Byrna Technologies Inc. experienced drops. Crude oil rose 2%.

Portfolio Pulse from Lisa Levin

July 11, 2023 | 4:08 pm

DuPont de Nemours Inc.'s stock is currently trading at $70.94, after a 0.88% increase. Over the past month, the stock has increased by 0.17%, and in the past year, by 29.29%. The company's P/E ratio is 32.26, higher than the Chemicals industry average of 25.92, which could indicate that the stock is overvalued.

Portfolio Pulse from Benzinga Insights

July 11, 2023 | 4:01 pm

COIN

Zacks Tech Innovators Newsletter has reportedly purchased stock in Coinbase (COIN).

Portfolio Pulse from Benzinga Newsdesk

July 11, 2023 | 3:55 pm

FDX

FedEx Innovation Lab (FIL) has invested in Vue.ai, a company that powers AI transformation for large enterprises. The collaboration aims to use advanced technology and data-driven insights to create smarter supply chains and deliver greater value for customers. The partnership will also help expand FedEx's advanced digital capabilities globally.

Portfolio Pulse from Benzinga Newsdesk

July 11, 2023 | 3:32 pm