Streetbeat News

Order Imbalances

MLGO

MicroAlgo's (NYSE:MLGO) short percent of float has fallen 69.44% since its last report, with 703 thousand shares sold short, representing 14.89% of all regular shares available for trading. This decrease in short interest could indicate a shift in market sentiment towards a more bullish outlook.

Portfolio Pulse from Benzinga Insights

August 05, 2024 | 5:00 pm

ULTA

Financial giants have made significant bearish moves on Ulta Beauty (NASDAQ:ULTA) through options trading. Analysis reveals 40% bearish sentiment with a notable volume of puts. The stock is currently down by 3.52%, trading at $329.0, and is potentially oversold. Analysts have mixed ratings, with price targets ranging from $325 to $500.

Portfolio Pulse from Benzinga Insights

August 05, 2024 | 4:31 pm

CAG

Conagra Brands (NYSE:CAG) has seen a 7.37% increase in its short percent of float, now at 4.37% of all regular shares available for trading. This indicates a rise in bearish sentiment among investors. However, compared to its peers, Conagra's short interest is slightly below the average of 4.43%.

Portfolio Pulse from Benzinga Insights

August 05, 2024 | 2:45 pm

QCOM

Benzinga's options scanner detected significant options activity for Qualcomm (NASDAQ:QCOM), with over 8 trades totaling $392,196. Analysts have mixed ratings on the stock, with price targets ranging from $170 to $250. The stock is currently trading at $157.98, down 0.83%, and may be approaching oversold territory.

Portfolio Pulse from Benzinga Insights

August 05, 2024 | 2:16 pm

SMCI

Investors with significant capital have taken a bearish stance on Super Micro Computer (NASDAQ:SMCI), as observed through recent options trades. Benzinga's options scanner identified 8 uncommon options trades, with a split sentiment of 12% bullish and 25% bearish. The price target for SMCI ranges from $550 to $610. The stock is currently down 7.86% at $575.55, with RSI indicators suggesting it may be oversold. Analysts have mixed ratings, with price targets ranging from $325 to $930.

Portfolio Pulse from Benzinga Insights

August 05, 2024 | 2:01 pm

BTCUSD

DJIA

ETHUSD

Bitcoin briefly fell below $50,000, causing over $1 billion in liquidations in the cryptocurrency market. Ethereum also saw significant declines. The slump in Bitcoin and Ethereum comes amid a broader financial market rout, with Japan's Nikkei 225 and U.S. futures also experiencing significant declines.

Portfolio Pulse from Aniket Verma

August 05, 2024 | 8:05 am

Deep-pocketed investors have shown unusual bearish options activity towards Coca-Cola (NYSE:KO), with 61% of the trades being bearish. This significant move suggests potential upcoming volatility. Analysts have mixed ratings, with price targets ranging from $68 to $73.

Portfolio Pulse from Benzinga Insights

August 02, 2024 | 8:21 pm

PEP

Deep-pocketed investors have adopted a bearish approach towards PepsiCo (NASDAQ:PEP), as revealed by Benzinga's options scanner. The majority of the options activity is bearish, with significant trades in both puts and calls. The stock is currently trading at $178.84, up by 2.22%, but RSI readings suggest it may be overbought. Analysts have mixed ratings with a consensus target price of $183.2.

Portfolio Pulse from Benzinga Insights

August 02, 2024 | 7:17 pm

KKR

KKR's short interest has fallen by 26.53%, with 16.98 million shares sold short, representing 2.52% of its float. This is lower than the peer group average of 3.42%. The decrease in short interest may indicate a more bullish sentiment among investors.

Portfolio Pulse from Benzinga Insights

August 02, 2024 | 6:45 pm

AAPL

AMZN

FXY

IWM

NVDA

QQQ

SMH

SPY

TLT

XLK

XLP

Wall Street experienced a sharp decline on Friday, driven by a cooler-than-expected July jobs report and concerns over the Federal Reserve's rate cut timing. The Magnificent Seven tech giants lost over $300 billion in market value, with Apple being the only exception due to positive earnings. The Nasdaq 100 entered a correction phase, and the CBOE Volatility Index surged over 30%. Small caps and semiconductors were hit hard, with the iShares Semiconductor ETF (SMH) down over 5%. Nvidia fell 3.4% amid a DOJ investigation. Treasuries and the Japanese yen saw gains, while gold and oil prices fell.

Portfolio Pulse from Piero Cingari

August 02, 2024 | 5:49 pm