Streetbeat News

Order Imbalances

COST

Costco Wholesale Corp. (NASDAQ:COST) experienced a significant Power Inflow, indicating a shift from net selling to net buying, suggesting a short-term uptrend. The stock rose over 2.2% after the signal, highlighting increased investor confidence.

Portfolio Pulse from Finit

August 28, 2024 | 3:39 pm

FCX

Freeport-McMoRan has seen unusual options activity with a bullish sentiment from large investors. 66% of the trades were bullish, focusing on a price range of $39 to $60. The stock is currently trading at $43.99, down 2.73%, with a neutral RSI. Analysts have a target price of $52.

Portfolio Pulse from Benzinga Insights

August 28, 2024 | 2:16 pm

DIA

NVDA

QQQ

SPY

The Dow Jones Industrial Average (DJIA) reached an all-time high due to a rotation into cyclical and interest rate-sensitive stocks, while AI and semiconductor stocks, including Nvidia, faced selling pressure ahead of Nvidia's earnings report. The options market anticipates a 9% move post-earnings, with the momo crowd expecting a significant upside. Money flows are negative in major tech stocks and ETFs like SPY and QQQ.

Portfolio Pulse from The Arora Report

August 27, 2024 | 4:45 pm

CRS

Carpenter Technology (NYSE:CRS) has seen a 24.65% increase in its short percent of float, now at 4.5%. This indicates a rise in bearish sentiment, although its short interest is still below the peer group average of 4.95%.

Portfolio Pulse from Benzinga Insights

August 27, 2024 | 4:45 pm

UAL

United Airlines Holdings (NYSE:UAL) has seen a 12.41% increase in its short percent of float, now at 4.89% of available shares. This indicates a bearish sentiment among investors, although UAL's short interest is lower than its peers' average of 12.42%.

Portfolio Pulse from Benzinga Insights

August 27, 2024 | 3:00 pm

MARA

Marathon Digital Holdings (NASDAQ:MARA) has seen unusual options activity, with a significant bearish sentiment among investors. The options activity suggests a focus on a price range between $17.0 and $32.0. The stock is currently down 5.39% at $17.56, with a neutral RSI. An analyst from JP Morgan maintains an Underweight rating with a $12 price target.

Portfolio Pulse from Benzinga Insights

August 27, 2024 | 2:31 pm

UPST

Deep-pocketed investors are showing a bearish sentiment towards Upstart Holdings (NASDAQ:UPST), with significant options activity indicating potential price movements. The majority of options are bearish, focusing on a price range between $25.0 and $44.0. Current trading volume is high, and the stock is slightly down, with RSI indicators suggesting it may be overbought.

Portfolio Pulse from Benzinga Insights

August 27, 2024 | 2:31 pm

MELI

MercadoLibre Inc. (MELI) experienced a 1.5% increase following a TradePulse Power Inflow alert, indicating a shift from net selling to buying. This suggests rising investor confidence and potential for an uptrend in MELI's stock.

Portfolio Pulse from Finit

August 27, 2024 | 1:55 pm

C

Deep-pocketed investors are showing a bearish sentiment towards Citigroup (NYSE:C), as revealed by Benzinga's options scanner. The activity includes 19 extraordinary options, with 47% of investors bearish. The price target for Citigroup ranges from $45 to $80, with significant options activity noted. Citigroup's stock is currently neutral, with a recent price of $61.79, and an analyst from Morgan Stanley maintains an Overweight rating with a target price of $79.

Portfolio Pulse from Benzinga Insights

August 26, 2024 | 8:30 pm

UPS

Deep-pocketed investors have shown a bearish sentiment towards United Parcel Service (UPS) through significant options activity, with 62% of the trades being bearish. This unusual activity suggests potential upcoming changes for UPS, which is currently trading at $128.69. An analyst from TD Cowen has downgraded UPS to Hold with a price target of $144.

Portfolio Pulse from Benzinga Insights

August 26, 2024 | 6:45 pm