Streetbeat News

Stock Prices

COIN

Coinbase Global (COIN) sees an option alert for August 18th $80 calls at the ask price of $2.32 with 1,050 contracts, compared to 7,039 open interest. Earnings are expected on August 8th after the market close.

Portfolio Pulse from Charles Gross

June 22, 2023 | 2:26 pm

ACGL

FTV

MAR

CNBC's 'Halftime Report Final Trades' featured recommendations for Marriott International, Fortive Corporation, and Arch Capital Group. Marriott is expected to benefit from a rebound in cross-border travel and its deal with Hiap Hoe Limited. Fortive reported 6.1% YoY sales growth in Q1, beating estimates. Arch Capital Group has been growing at 34% over the last four quarters and received an Overweight rating from Morgan Stanley.

Portfolio Pulse from Lisa Levin

June 22, 2023 | 2:26 pm

LRCX

Investor Business Daily SwingTrader has purchased Lam Research (LRCX) stock, according to recent reports.

Portfolio Pulse from Happy Mohamed

June 22, 2023 | 2:25 pm

SPY

Federal Reserve Chair Jerome Powell stated that a strong majority of the committee believes there is a little further to go with rate hikes, indicating a potential continuation of the current monetary policy.

Portfolio Pulse from Happy Mohamed

June 22, 2023 | 2:22 pm

SPY

Federal Reserve Chair Jerome Powell stated that the FOMC broadly agrees it will be appropriate to raise interest rates again this year, possibly two more times, but rates were kept on hold to allow more time for decision-making.

Portfolio Pulse from Happy Mohamed

June 22, 2023 | 2:21 pm

SNOW

A whale has taken a bearish stance on Snowflake (NYSE:SNOW), with 75% of the detected unusual options trades being bearish. Whales have been targeting a price range of $100 to $220 for Snowflake over the last 3 months. The stock is currently down 0.67% at $172.22.

Portfolio Pulse from Benzinga Insights

June 22, 2023 | 2:20 pm

AAPL

Unusual options activity has been observed for Apple (NASDAQ:AAPL), with 15 uncommon trades spotted, split between 53% bullish and 46% bearish. Whales have been targeting a price range of $170 to $187.5 for Apple over the last 3 months. Analysts maintain Buy and Overweight ratings with price targets ranging from $188 to $210.

Portfolio Pulse from Benzinga Insights

June 22, 2023 | 2:20 pm

DVN

A whale investor has taken a bullish stance on Devon Energy (NYSE:DVN), with 66% of detected trades showing bullish expectations. Whales have been targeting a price range of $47.0 to $60.0 for Devon Energy over the last 3 months. Analysts from Mizuho, Piper Sandler, and Goldman Sachs have given price targets of $65, $71, and $58, respectively.

Portfolio Pulse from Benzinga Insights

June 22, 2023 | 2:20 pm

COIN

Coinbase Global, Inc. (NASDAQ:COIN) shares gained on Wednesday amid a surge in the crypto market, led by Bitcoin and Ethereum. Traders expect Coinbase's stock to jump at least 5.5% by Friday, with 1.6x more calls than puts on the stock. The crypto market is boosted by positive developments, including the launch of EDX Markets, backed by Charles Schwab, Fidelity, and Citadel Securities.

Portfolio Pulse from Lisa Levin

June 22, 2023 | 2:19 pm

MMMB

MamaMancini's Holdings (NASDAQ:MMMB) has priced a secondary offering of 6.3 million shares by certain selling shareholders at $2.50 per share, an 18.6% discount to the company's closing price on June 21. The company is not selling any shares in the offering and will not receive any proceeds. MMMB shares are trading lower by 10.2% at $2.75.

Portfolio Pulse from Shivani Kumaresan

June 22, 2023 | 2:15 pm