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GE

A significant amount of unusual options activity has been observed for General Electric (NYSE:GE), with a majority of investors taking a bearish stance. Of the 12 strange trades detected, 66% were bearish and 33% bullish. The total amount for puts was $434,061 and for calls was $175,010. Whales have been targeting a price range from $40.0 to $115.0 for GE over the last 3 months. Barclays and RBC Capital have maintained their Overweight and Outperform ratings on GE, respectively, with price targets of $133 and $131.

Portfolio Pulse from Benzinga Insights

October 30, 2023 | 3:45 pm

AGFAF

Digicann Ventures Ltd. (OTCPK: AGFAF) has repurchased $14.2 million of its previously issued 10.00% senior unsecured convertible debentures for $1.6 million, representing a buyback of over 93% of the debentures currently outstanding. The maturity date of the debentures was extended to March 2024. The company also sold shares of AgraFlora Europe GmbH for €500,000 ($529,675).

Portfolio Pulse from Jelena Martinovic

October 30, 2023 | 3:35 pm

IT

Over the past 10 years, Gartner (NYSE:IT) has outperformed the market by 9.85% on an annualized basis, producing an average annual return of 18.75%. If an investor had bought $100 of IT stock 10 years ago, it would be worth $553.66 today. Gartner currently has a market capitalization of $25.68 billion.

Portfolio Pulse from Benzinga Insights

October 30, 2023 | 3:30 pm

WM

Waste Management (NYSE:WM) has outperformed the market over the past 20 years, producing an average annual return of 9.67%. If an investor had bought $1000 of WM stock 20 years ago, it would be worth $6,397.72 today. The company currently has a market capitalization of $65.00 billion.

Portfolio Pulse from Benzinga Insights

October 30, 2023 | 3:30 pm

BTCUSD

CME

Chicago Mercantile Exchange (CME) has climbed to the second spot behind Binance as the largest Bitcoin futures exchange, driven by an institutional-led rally amid spot ETF optimism. CME reported a notional open interest of $3.54 billion, behind Binance's $3.83 billion. CME's share in the BTC futures market rose to a new lifetime high of 25%. Binance accounts for 28% of all futures open interest while CME holds 26% of the total. BTC prices have risen 29% in the past month.

Portfolio Pulse from Khyathi Dalal

October 30, 2023 | 3:29 pm

BAC

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JPM

WFC

President Joe Biden has issued an executive order on artificial intelligence (AI), requiring new safety assessments, equity and civil rights guidance, and research on AI’s impact on the labor market. The order comes as financial firms and banks have started to adopt AI-based systems for various functions, including fraud detection and customer service. Major banks such as JPMorgan Chase, Wells Fargo, Bank of America, and Goldman Sachs have rolled out many AI-powered programs. Citigroup recently announced that 40,000 of its coders will be granted access to Generative AI to increase efficiency.

Portfolio Pulse from Khyathi Dalal

October 30, 2023 | 3:02 pm

ADBE

A significant bearish stance has been taken on Adobe (NASDAQ:ADBE) by a large investor, as observed from publicly available options history. The overall sentiment of these big-money traders is split between 31% bullish and 68% bearish. The whales have been targeting a price range from $320.0 to $600.0 for Adobe over the last 3 months. Adobe's stock price is currently up 2.75% at $522.12. Several experts have given their price targets, with the highest being $660.

Portfolio Pulse from Benzinga Insights

October 30, 2023 | 3:01 pm

AVAXUSD

Avalanche's (CRYPTO: AVAX) price has risen 3.41% to $11.57 in the past 24 hours, continuing its positive trend over the past week with a 16.0% gain. The trading volume for the coin has decreased 14.0% over the past week, while the overall circulating supply of the coin has decreased 0.02% to over 355.08 million. The current market cap ranking for AVAX is #20 at $4.10 billion.

Portfolio Pulse from Benzinga Insights

October 30, 2023 | 3:00 pm

TMUS

Over the past 10 years, T-Mobile US (NASDAQ:TMUS) has outperformed the market by 8.53% on an annualized basis, producing an average annual return of 17.4%. If an investor had bought $100 of TMUS stock 10 years ago, it would be worth $493.33 today. The company currently has a market capitalization of $161.71 billion.

Portfolio Pulse from Benzinga Insights

October 30, 2023 | 3:00 pm

SOLUSD

Solana's (CRYPTO: SOL) price has risen 7.26% to $34.78 in the past 24 hours, continuing its positive trend over the past week with a 19.0% gain. The trading volume for the coin has decreased 4.0% over the past week, while the overall circulating supply of the coin has increased 1.75% to over 419.29 million. The current market cap ranking for SOL is #8 at $14.56 billion.

Portfolio Pulse from Benzinga Insights

October 30, 2023 | 3:00 pm