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BTCUSD

The article discusses the recent volatility in Bitcoin's price and its implications for its status as a 'store of value.' Bitcoin's correlation with traditional markets, particularly during economic downturns, has raised questions about its role as a hedge against market volatility. Despite this, some proponents, including Cathie Wood of Ark Invest, remain optimistic about Bitcoin's long-term potential.

Portfolio Pulse from Murtuza Merchant

August 05, 2024 | 5:49 pm

The Carlyle Group shares are trading lower after the company reported worse-than-expected Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 5:46 pm

DIA

QQQ

SPY

Financial markets are experiencing significant volatility due to a combination of factors including the Federal Reserve's decision to hold off on cutting rates, a cooler-than-expected U.S. jobs report, geopolitical tensions with Iran, and the upcoming presidential election. Major indices like the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite have seen notable declines. Experts suggest that while the market is ripe for negativity, it may also present buying opportunities.

Portfolio Pulse from Michael Juliano

August 05, 2024 | 5:46 pm

PTON

Peloton Interactive (NYSE:PTON) has seen a 7.48% increase in its short percent of float, now at 23.28% of all regular shares available for trading. This high short interest indicates bearish market sentiment, although it doesn't guarantee a near-term price drop. Compared to its peers, Peloton's short interest is significantly higher.

Portfolio Pulse from Benzinga Insights

August 05, 2024 | 5:45 pm

AMD

INTC

VGT

VTV

Goldman Sachs analyst Toshiya Hari maintained a Sell rating on Intel Corp (NASDAQ: INTC) with a price target of $22, citing that the $10 billion cost cut is necessary but insufficient for a competitive edge. Hari remains cautious, awaiting signs of stabilization in Data Center computing and progress in Intel's Foundry strategy. Intel's notebook and desktop CPU revenues increased year-on-year, but growth is expected to decelerate in the third quarter. AMD gained market share in the Server CPU market. Investors can gain exposure to Intel through Vanguard Information Tech ETF (NYSE: VGT) and Vanguard Value ETF (NYSE: VTV).

Portfolio Pulse from Anusuya Lahiri

August 05, 2024 | 5:44 pm

BBD

Bando Bradesco shares are trading higher following the company's Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 5:40 pm

SHC

Sotera Health shares are trading higher after the company reported strong Q2 results.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 5:38 pm

IXHL

Incannex Healthcare Inc. (NASDAQ:IXHL) has received FDA approval to proceed with a phase 2 clinical trial for its psilocybin-assisted therapy for generalized anxiety disorder. The trial, PsiGAD2, aims to replicate and expand on positive results from a previous study, with plans to enroll 94 patients. The company is also seeking approval in the UK.

Portfolio Pulse from Juan Spínelli

August 05, 2024 | 5:37 pm

BAC

COIN

JPM

STWD

UPST

WFC

Today's session saw significant options activity involving several financial stocks, with notable trades including bearish call options for NU, MS, STWD, SQ, and UPST, bullish put options for COIN and MA, and bearish put options for WFC. Neutral sentiment was observed for put options in JPM and BAC.

Portfolio Pulse from Benzinga Insights

August 05, 2024 | 5:35 pm

ABNB

AMZN

APTV

CMG

CVNA

DKS

GRPN

NCLH

SBUX

The article highlights significant options activity for several consumer discretionary stocks, indicating potential trading opportunities. Notable bearish sentiment is observed for AMZN, SBUX, GM, CMG, NCLH, APTV, CVNA, and DKS, while bullish sentiment is noted for ABNB and GRPN.

Portfolio Pulse from Benzinga Insights

August 05, 2024 | 5:35 pm