Streetbeat News

Stock Prices

AVGO

Unusual options activity has been observed in Broadcom (NASDAQ:AVGO), with 48 uncommon options trades spotted. The sentiment of these big-money traders is split between 43% bullish and 56% bearish. Whales have been targeting a price range from $690 to $1000 for Broadcom over the last 3 months.

Portfolio Pulse from Benzinga Insights

June 02, 2023 | 2:16 pm

CRM

A large bearish position on Salesforce (NYSE:CRM) has been spotted, with 18 uncommon options trades identified. The overall sentiment of these big-money traders is split between 44% bullish and 55% bearish. Whales have been targeting a price range from $190.0 to $240.0 for Salesforce over the last 3 months.

Portfolio Pulse from Benzinga Insights

June 02, 2023 | 2:15 pm

DG

DLTR

Dollar Tree (NASDAQ:DLTR) and Dollar General (NYSE:DG) reported poor Q1 earnings, missing Wall Street estimates and lowering their full-year guidance. Both stocks have experienced significant declines, potentially setting up a short opportunity for investors.

Portfolio Pulse from Ryan Glosier

June 02, 2023 | 2:15 pm

TTD

Trade Desk Inc (NASDAQ:TTD) shares rose after RBC Capital Markets analysts raised the price target from $77 to $85, and Morgan Stanley's Matthew Cost upgraded the rating from Equal-Weight to Overweight, raising the price target from $60 to $90. The company is well positioned to gain share in the growing CTV and Retail Media markets.

Portfolio Pulse from Priya Nigam

June 02, 2023 | 2:15 pm

SOFI

SoFi Technologies stock is down as the Senate clears the debt ceiling bill, which terminates the pause on student loan repayments. CEO Anthony Noto highlighted challenges individuals face, such as surging education costs, stagnant wages, and unaffordable housing.

Portfolio Pulse from Anusuya Lahiri

June 02, 2023 | 2:14 pm

DISH

T

TMUS

VZ

Dish Network's stock is up amid reports of selling wireless plans for its mobile phone service through Amazon. Amazon is negotiating with Verizon, T-Mobile, and Dish for the lowest possible wholesale prices. This deal could benefit the wireless industry but also chip away at the big carriers' customer base.

Portfolio Pulse from Anusuya Lahiri

June 02, 2023 | 2:11 pm

QQQ

SPY

Historically, June has been a challenging month for stocks, with the S&P 500 dropping an average of -0.3%. However, technology and communication services sectors have remained strong. July is often a better month for stocks.

Portfolio Pulse from Cory Mitchell

June 02, 2023 | 2:09 pm

BTCUSD

Matrixport reports that the current market pressure faced by Bitcoin at the $28,000 mark is due to miners needing to liquidate their newly acquired assets. The thinning profit margins and increased complexity of Bitcoin mining are prompting miners to offload their Bitcoin assets at the existing market value.

Portfolio Pulse from Murtuza Merchant

June 02, 2023 | 2:03 pm

CVNA

Carvana (CVNA) sees a sweep of 2,500 June 16 $20 call options near the ask price of $0.57, compared to an open interest of 11,420. The stock is currently trading at $14.9084.

Portfolio Pulse from Charles Gross

June 02, 2023 | 2:03 pm

DZSI

In the last 3 months, 5 analysts have offered 12-month price targets for DZS (NASDAQ:DZSI), with an average price target of $11.7, down 20.68% from the previous average of $14.75.

Portfolio Pulse from Benzinga Insights

June 02, 2023 | 2:03 pm