Streetbeat News

Stock Prices

JNJ

KVUE

Kenvue has an option alert for Sep 15 $25 calls at the ask price of $0.25 for 1000 units, compared to an open interest of 153363. The reference price is $23.24.

Portfolio Pulse from Charles Gross

August 21, 2023 | 1:57 pm

BTCUSD

ETHUSD

OPUSD

RUNEUSD

Bitcoin and Ethereum recorded losses, trading below $26,000 and $1,700 respectively. The global crypto market cap fell to $1.05 trillion, a 24-hour decline of 1.1%. Optimism was the top gainer over the past 24 hours, while THORChain was the biggest loser.

Portfolio Pulse from Lisa Levin

August 21, 2023 | 1:56 pm

NVDA

NVIDIA's stock is trading higher after KeyBanc and HSBC analysts raised their price targets on the stock. This comes ahead of the company's upcoming earnings report.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2023 | 1:52 pm

VCIG

VCI Global Limited (NASDAQ:VCIG) has entered into a partnership and licensing agreement with AdScale Ltd. The deal involves promoting AdScale's selected products in nine regions, including Hong Kong, Indonesia, Malaysia, The Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The partnership is expected to generate significant earnings for VCI Global by 2024.

Portfolio Pulse from Shivani Kumaresan

August 21, 2023 | 1:52 pm

HYMTF

RIVN

TSLA

WKSP

Electric pickup trucks are gaining traction, with Rivian's R1T already on the road and Tesla's Cybertruck expected by year-end. Worksport Ltd's SOLIS and COR products are designed to enhance the power of these vehicles. SOLIS is a solar-powered tonneau cover that can charge EV pickups, while COR is a portable battery system. Ford Motor and General Motors are also mentioned as players in the EV pickup market, but Ford is facing setbacks and is expected to lose $1.5 billion more than anticipated this year in its EV segment.

Portfolio Pulse from Upwallstreet

August 21, 2023 | 1:52 pm

MSFT

A significant investor has taken a bullish stance on Microsoft (NASDAQ:MSFT), with 66% of investors opening trades with bullish expectations and 33% with bearish. The whales have been targeting a price range from $285.0 to $370.0 for Microsoft over the last 3 months. BMO Capital, Redburn Partners, Citigroup, and Argus Research have maintained their positive ratings on Microsoft with price targets ranging from $390 to $440. Piper Sandler downgraded its action to Overweight with a price target of $400.

Portfolio Pulse from Benzinga Insights

August 21, 2023 | 1:46 pm

AAPL

META

MSFT

NVDA

QQQ

SPY

TSLA

The Market Clubhouse Morning Memo discusses the trade strategy for SPY, QQQ, AAPL, MSFT, META, TSLA, and NVDA. The memo provides price levels for these stocks based on a proprietary formula that takes into account price, volume, and options flow. The memo suggests monitoring these stocks for potential breakouts or reversals. NVIDIA is set to report later this week, which might influence other tech giants.

Portfolio Pulse from RIPS

August 21, 2023 | 1:46 pm

PFE

There has been a significant options activity on Pfizer (PFE) with a sweep of 700 calls at a strike price of $37 expiring on September 1. The options were purchased near the ask price of $0.631, compared to an open interest of 3320. The reference price for Pfizer at the time was $36.94.

Portfolio Pulse from Charles Gross

August 21, 2023 | 1:44 pm

RITM

SCU

High-profile investors Boaz Weinstein, William Ackman, and Marc Lasry have presented a competing bid for hedge-fund firm Sculptor Capital Management Inc (NYSE:SCU), challenging a prior agreement to sell the firm to real-estate investment firm Rithm Capital Corp (NYSE:RITM) for approximately $639 million. The new bid, which is higher than the original offer, has raised concerns due to its lack of committed financing for the full amount. If Sculptor chooses to terminate the agreement with Rithm for a superior offer, it could face a fee of about $16.5 million.

Portfolio Pulse from Vandana Singh

August 21, 2023 | 1:39 pm

Goldman Sachs CEO David Solomon has faced internal opposition and adverse media coverage, but continues to enjoy the confidence of the bank's board members and key shareholders. Despite criticism for the bank's short-lived venture into retail banking, Solomon's proactive approach to engaging investors has been appreciated. Goldman Sachs is also exploring the sale of a part of its wealth business catering to high-net-worth clients. The bank's shares traded lower by 0.12% at $324.53 on the last check Monday.

Portfolio Pulse from Anusuya Lahiri

August 21, 2023 | 1:37 pm