Streetbeat News

Stock Prices

UPS

Recent options trading trends for United Parcel Service (NYSE:UPS) show a predominantly bearish sentiment among investors, with 87% of detected trades being bearish. The trades range between $130.0 to $160.0 strike prices, indicating expectations of price movements within this range. UPS's current market status shows a slight increase in stock price to $153.71, with an upcoming earnings announcement in 34 days. The company, known for its vast logistics network, is exploring strategic alternatives for its Coyote unit.

Portfolio Pulse from Benzinga Insights

March 20, 2024 | 7:01 pm

ARKK

COIN

NVDA

SARK

SPY

TARK

TSLA

Cathie Wood's ARK Innovation ETF (ARKK) has experienced a significant outflow, losing over 3% in value and 2% of its net assets in a week. This contrasts sharply with the broader market's performance, exemplified by the SPDR S&P 500 ETF Trust (SPY) which is up 8.5% in the same period. Investors are concerned about Wood's decision to divest from Nvidia (NVDA), which has seen substantial growth. Wood's current focus is on Coinbase (COIN), which has surged over 50% YTD, and Tesla (TSLA), despite its recent struggles. For those betting against ARKK, the AXS Short Innovation Daily ETF (SARK) and for supporters, the AXS 2X Innovation ETF (TARK) are available.

Portfolio Pulse from Johnny Rice

March 20, 2024 | 7:00 pm

BCHUSD

Bitcoin Cash (BCH) has seen a 3.14% increase in its price over the last 24 hours, reaching $388.39, despite a 13.0% decrease over the past week from $436.45. The coin's all-time high is $3,785.82. Trading volume has decreased by 24.0% over the past week, and the circulating supply has slightly decreased by 0.32% to 19.67 million, which is 93.68% of its max supply. Bitcoin Cash's market cap ranking is currently #20 at $7.58 billion.

Portfolio Pulse from Benzinga Insights

March 20, 2024 | 7:00 pm

AFRM

Affirm shares are trading higher due to overall market strength following the Federal Reserve's decision to leave interest rates unchanged.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 6:58 pm

Boeing shares are trading higher even though the company has forecasted a cash outflow for the first quarter.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 6:56 pm

SPY

Federal Reserve Chair Jerome Powell commented that the latest inflation data has not boosted confidence in inflation trends, maintaining that the path to achieving a 2% inflation rate remains bumpy and unchanged.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 6:56 pm

SPY

Fed Chair Jerome Powell stated that financial conditions are expected to impact economic activity, suggesting a cautious approach towards future economic policies. This statement could influence investor sentiment and market trends.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 6:53 pm

SPY

Federal Reserve Chairman Jerome Powell stated that strong hiring alone would not deter the Fed from considering rate cuts. He emphasized that robust job growth should not be a cause for inflation concerns, indicating a potential shift in the Fed's approach to monetary policy amidst strong labor market performance.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 6:52 pm

CMPS

CYBN

MNMD

PSIL

Cybin Inc. received FDA Breakthrough Therapy designation for its psilocybin therapy for Major Depressive Disorder, alongside positive clinical data and a $150M private placement. MindMed also received the designation for its LSD-derived treatment for Generalized Anxiety Disorder, with expected proceeds of $175M from share offerings. Gilgamesh Pharmaceuticals was awarded a $14M grant for ibogaine analog research. Psyence Biomedical, Red Light Holland, and Clearmind Medicine were mentioned for their developments in psychedelics. The article also covered stock performances of several psychedelics companies.

Portfolio Pulse from Lara Goldstein

March 20, 2024 | 6:49 pm

DRD

GFI

HMY

Shares of gold companies have seen an increase in trading volume and price as gold prices rise in response to the Federal Reserve's decision to keep interest rates unchanged. This decision typically boosts gold's attractiveness as an investment, leading to positive impacts on gold-related stocks.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 6:46 pm