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SGEN

Seagen (NASDAQ:SGEN) has outperformed the market over the past 5 years by 15.19% on an annualized basis, producing an average annual return of 24.8%. If an investor had bought $1000 of SGEN stock 5 years ago, it would be worth $3,001.39 today.

Portfolio Pulse from Benzinga Insights

October 17, 2023 | 6:30 pm

MLCO

Melco Resorts has an option alert for November 17 $10 calls sweep near the ask with 2322 contracts at $0.151 versus 541 open interest. The company's earnings are expected on November 1 before the market opens.

Portfolio Pulse from Charles Gross

October 17, 2023 | 6:03 pm

MELI

A whale investor has taken a bearish stance on MercadoLibre (NASDAQ:MELI), with 57% of the investors opening trades with bearish expectations. The whales have been targeting a price range from $560.0 to $1640.0 for MercadoLibre over the last 3 months. The price of MELI is up 0.72% at $1235.0. Susquehanna has maintained their Positive rating on MercadoLibre, with a price target of $1625.

Portfolio Pulse from Benzinga Insights

October 17, 2023 | 6:01 pm

TEL

TE Connectivity (NYSE:TEL) has outperformed the market over the past 15 years, producing an average annual return of 13.0%. If an investor had bought $1000 of TEL stock 15 years ago, it would be worth $6,065.66 today.

Portfolio Pulse from Benzinga Insights

October 17, 2023 | 6:00 pm

SYK

Stryker (NYSE:SYK) has outperformed the market over the past 20 years by 2.44% on an annualized basis, producing an average annual return of 9.89%. If an investor had bought $1000 of SYK stock 20 years ago, it would be worth $6,637.51 today.

Portfolio Pulse from Benzinga Insights

October 17, 2023 | 6:00 pm

ETHUSD

On Monday, 2,385.36 Ether (ETH) worth $3,743,275 was burned from Ethereum transactions. This is a result of the Ethereum blockchain's EIP-1159 upgrade, which changes the fee model and burns a variable base fee from each transaction. This reduces the supply of Ether. Ethereum is currently issuing new Ether at a rate of 4% per year, but this is expected to decrease to around 0.5-1% with the Ethereum 2.0 upgrade, potentially making ETH a deflationary currency.

Portfolio Pulse from Benzinga Insights

October 17, 2023 | 6:00 pm

OXY

A significant amount of bearish options activity has been observed for Occidental Petroleum (NYSE:OXY), with 63% of investors opening trades with bearish expectations. The total amount for puts is $620,132 and for calls is $227,321. Whales have been targeting a price range from $40.0 to $72.5 for Occidental Petroleum over the last 3 months. The current price of OXY is down -0.55% at $65.01. Mizuho maintains a Buy rating with a price target of $76, UBS maintains a Neutral rating with a price target of $74, and Stephens & Co. downgraded its action to Overweight with a price target of $74.

Portfolio Pulse from Benzinga Insights

October 17, 2023 | 5:45 pm

BA

A significant bearish stance has been taken on Boeing (NYSE:BA) by a large investor, as observed in the options history. The overall sentiment of these big-money traders is split between 40% bullish and 59% bearish. The whales have been targeting a price range from $75.0 to $230.0 for Boeing over the last 3 months. Several experts have given their price targets for Boeing, with the highest being $285 by Citigroup.

Portfolio Pulse from Benzinga Insights

October 17, 2023 | 5:45 pm

FNV

GOLD

NEM

NUGT

Direxion Daily Gold Miners Index Bull 2X Shares (NUGT) rose by 3.5% on Tuesday, following a rising channel pattern. The ETF, which usually follows the price of spot gold, has been in a strong uptrend since October 4. NUGT is a double-leveraged fund designed to outperform the NYSE Arca Gold Miners Index by 200%. It tracks several gold and silver mining companies, including Newmont Corp (NEM), Barrick Gold Corp (GOLD), and Franco-Nevada Corp (FNV), which make up 31.56% of its holdings.

Portfolio Pulse from Melanie Schaffer

October 17, 2023 | 5:40 pm

DIS

GOOG

GOOGL

META

MTCH

NFLX

NXST

PARA

SIRI

SNAP

Benzinga's options activity scanner has identified significant options activity in 10 Communication Services stocks. The stocks include META, SIRI, DIS, GOOGL, PARA, NFLX, MTCH, SNAP, GOOG, and NXST. The options activity ranges from bullish to bearish sentiments, with varying expiration dates and strike prices.

Portfolio Pulse from Benzinga Insights

October 17, 2023 | 5:35 pm