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TSM

A significant bearish stance has been taken on Taiwan Semiconductor (NYSE:TSM) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is split, with 40% bullish and 60% bearish. The price range targeted by these investors for TSM over the last 3 months is $75.0 to $115.0. The current price of TSM is down -1.64% at $89.81. Needham has downgraded its action to Buy with a price target of $115.

Portfolio Pulse from Benzinga Insights

October 23, 2023 | 5:01 pm

GSAT

PL

UFO

The escalating Israel-Hamas conflict has highlighted the importance of the space industry, particularly for communication, navigation, and imaging. Companies like Tesla's SpaceX have previously provided vital services in such conflicts. The ongoing conflict has increased the importance of space industry companies and thematic funds like ProcureAM's Space ETF (NASDAQ:UFO). Planet Labs PBC (NYSE:PL) and Globalstar, Inc (NYSE:GSAT) are directly involved in the current crisis, providing imaging and satellite communications respectively. UFO has been trading in a downtrend since August 10, but a reversal may be on the horizon.

Portfolio Pulse from Melanie Schaffer

October 23, 2023 | 4:59 pm

BORR

Borr Drilling Limited (BORR) plans to offer $1.5 billion in senior secured notes due 2028 and 2030 through its subsidiary Borr IHC Limited. The company is also considering a private placement in Norway of approximately $50 million in shares. The proceeds from these offerings will be used to repay all of the company's outstanding secured borrowings. The pricing of the notes offering is expected on October 24, 2023.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2023 | 4:53 pm

BTCUSD

LUNCUSD

Investors in Thailand are using unconventional methods such as astrology and tarot cards to predict cryptocurrency trends. Astrologer 'Pimfah' manages a Facebook community of 160,000 members who discuss tarot card readings and their implications for crypto investments. Fortune-teller Ajarn Ton uses astrology to forecast cryptocurrency values, recently spotlighting Terra Luna Classic (CRYPTO: LUNC). Western astrologers like Maren Altman and Didi Taihuttu also use astrology in their cryptocurrency predictions, including Bitcoin (CRYPTO: BTC).

Portfolio Pulse from Murtuza Merchant

October 23, 2023 | 4:45 pm

CSCO

A significant bullish stance has been taken on Cisco Systems (NASDAQ:CSCO) by a large investor, as indicated by unusual options activity. The overall sentiment of these big-money traders is split between 52% bullish and 47% bearish. The whales have been targeting a price range from $45.0 to $70.0 for Cisco Systems over the last 3 months. The price of CSCO is currently down -0.63% at $52.59.

Portfolio Pulse from Benzinga Insights

October 23, 2023 | 4:31 pm

MSFT

Microsoft Corporation (NASDAQ:MSFT) plans to invest $3.2 billion over two years to strengthen its artificial intelligence (AI) and cloud computing capabilities in Australia. This move represents a 250% increase in Microsoft's computing capacity in Australia and is seen as a strategic push into the Australian market. The investment also includes plans to train 300,000 Australians in digital skills and enhance a cyber threat information-sharing pact with Australia's premier cyber defense agency.

Portfolio Pulse from Shivani Kumaresan

October 23, 2023 | 4:17 pm

CRH

CRH (NYSE:CRH) has outperformed the market over the past 5 years, producing an average annual return of 14.52%. If an investor had bought $100 of CRH stock 5 years ago, it would be worth $202.00 today. The company currently has a market capitalization of $38.37 billion.

Portfolio Pulse from Benzinga Insights

October 23, 2023 | 4:00 pm

CDW

The article provides a comprehensive analysis of CDW Corp (NASDAQ:CDW) in comparison to its competitors in the Electronic Equipment, Instruments & Components industry. CDW's financial metrics, market position, and growth potential are evaluated. CDW's high PE, PB, and PS ratios suggest that the company is trading at a premium compared to its peers. However, the company's high ROE, EBITDA, gross profit, and low revenue growth indicate strong profitability and efficiency, but slower revenue growth compared to its industry peers.

Portfolio Pulse from Benzinga Insights

October 23, 2023 | 4:00 pm

TECK

JSW Steel Ltd's discussions with Canada's Teck Resources over buying a stake in its coking coal unit have yielded 'nothing concrete', according to JSW Steel Chief Executive Jayant Acharya. The process had slowed due to a diplomatic spat between India and Canada. Acharya stated that the company is exploring overseas coal assets in different countries, including Australia. The company reported a Q2 profit last week, helped by robust domestic demand and lower input costs.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2023 | 3:46 pm

MRNA

A significant bearish stance has been taken on Moderna (NASDAQ:MRNA) by a large investor, as indicated by unusual options activity. Benzinga's options scanner spotted 24 options trades for Moderna, with 23 being puts and only 1 call. The overall sentiment of these big-money traders is split between 45% bullish and 54% bearish. The targeted price range for Moderna over the last 3 months is from $80.0 to $125.0.

Portfolio Pulse from Benzinga Insights

October 23, 2023 | 3:45 pm