Streetbeat News

Order Imbalances

GOOG

NVDA

QQQ

SPY

TSLA

The stock market is currently overbought, driven by Nvidia's upcoming earnings and expectations from the Jackson Hole meeting. Nvidia's stock is particularly overbought, with its RSI indicating a potential resistance zone. Money flows are positive for Alphabet and Tesla, neutral for Apple, Amazon, Meta, Microsoft, and Nvidia, and negative for SPY and QQQ ETFs. Investors are advised to be cautious and consider protection strategies.

Portfolio Pulse from The Arora Report

August 20, 2024 | 3:34 pm

GME

Wealthy investors are taking a bearish stance on GameStop (NYSE:GME) options, with 77% of trades being bearish. The predicted price range for GME is $15.0 to $27.0. Current trading volume is high, and the stock is down 2.74% at $22.04.

Portfolio Pulse from Benzinga Insights

August 20, 2024 | 3:00 pm

VKTX

Recent options trading trends indicate a bearish sentiment among investors towards Viking Therapeutics (NASDAQ:VKTX). Benzinga's options scanner detected 17 significant options activities, with 52% of investors leaning bearish. The stock is currently down by 5.93%, trading at $62.68. Analysts have mixed ratings, with target prices ranging from $90 to $118.

Portfolio Pulse from Benzinga Insights

August 20, 2024 | 2:46 pm

ANF

Abercrombie & Fitch (NYSE:ANF) has seen a decrease in its short interest by 8.44%, with 3.91 million shares sold short, representing 13.78% of its float. This is lower than the peer group average of 17.98%. The decrease in short interest may indicate a more bullish sentiment among investors.

Portfolio Pulse from Benzinga Insights

August 19, 2024 | 6:00 pm

ABNB

BABA

CAVA

DKS

HELE

NIO

PDD

SBUX

TSLA

The article highlights unusual options activity for 10 consumer discretionary stocks, indicating potential trading opportunities. Notable movements include bullish sentiment for TSLA and NIO, bearish sentiment for SBUX and HD, and mixed sentiments for others.

Portfolio Pulse from Benzinga Insights

August 19, 2024 | 5:35 pm

SNAP

The options market shows a bearish sentiment towards Snap (NYSE:SNAP), with 66% of big-money traders favoring puts over calls. The trading activity suggests a focus on a price range of $8.0 to $11.0. Snap's stock is currently trading at $9.27, with a slight increase of 0.38%.

Portfolio Pulse from Benzinga Insights

August 19, 2024 | 4:15 pm

ADBE

Investors are showing a bullish stance on Adobe (NASDAQ:ADBE) with significant options trading activity. Benzinga's options scanner identified 8 uncommon trades, with 62% being bullish. The trading activity suggests a price range of $250 to $605 for Adobe. The stock is currently priced at $551.84, down 0.29%, with an RSI indicating potential overbought conditions. Analysts have set an average price target of $600.

Portfolio Pulse from Benzinga Insights

August 19, 2024 | 3:01 pm

BROS

Dutch Bros (NYSE:BROS) has seen a 23.01% decrease in its short percent of float, now at 8.7%. This indicates a more bullish sentiment compared to its peers, whose average short interest is 10.02%. It would take traders 3.98 days to cover their short positions.

Portfolio Pulse from Benzinga Insights

August 16, 2024 | 8:45 pm

RKLB

Recent analysis of Rocket Lab USA's (NASDAQ:RKLB) options activity reveals a mix of bullish and bearish trades, with a significant volume of calls and a smaller number of puts. The stock is currently trading at $6.58, up 12.93%, but RSI readings suggest it may be overbought. Analysts have mixed ratings with target prices ranging from $6 to $7.

Portfolio Pulse from Benzinga Insights

August 16, 2024 | 8:31 pm

FDX

Investors have taken a bearish stance on FedEx (NYSE:FDX) as indicated by significant options trades. Benzinga's options scanner detected 14 trades, with 13 being puts totaling $997,838 and 1 call totaling $42,127. The overall sentiment is 64% bearish. The price range targeted by these trades is $280.0 to $320.0. FedEx's stock is currently trading at $284.4, up by 0.08%.

Portfolio Pulse from Benzinga Insights

August 16, 2024 | 7:31 pm