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EOG

A significant bullish stance has been taken on EOG Resources (NYSE:EOG) by a large investor or institution, as evidenced by unusual options trading activity. The sentiment among these big-money traders is split between 64% bullish and 35% bearish. The whales have been targeting a price range from $36.2 to $165.0 for EOG Resources over the last 3 months. Several financial institutions have maintained their positive ratings on EOG Resources, with price targets ranging from $132 to $165.

Portfolio Pulse from Benzinga Insights

October 13, 2023 | 6:17 pm

DXCM

A significant amount of unusual options activity has been detected for DexCom (NASDAQ:DXCM), with a majority of investors taking a bullish stance. The trades include 6 puts and 9 calls, with a total amount of over $2 million. The targeted price range for DexCom over the last 3 months is from $60.0 to $115.0. The current price of DXCM is up 0.28% at $75.7. Analysts from Raymond James, Stifel, and Morgan Stanley have maintained their ratings on DexCom, with price targets of $131, $145, and $98 respectively.

Portfolio Pulse from Benzinga Insights

October 13, 2023 | 6:17 pm

FANG

Unusual options activity has been observed for Diamondback Energy (NASDAQ:FANG), with a large bearish position being taken. The overall sentiment of these big-money traders is split between 45% bullish and 54% bearish. The price of FANG is up 2.96% at $167.16. Analysts from Morgan Stanley, UBS, Mizuho, and Raymond James maintain a Buy rating on FANG, while Benchmark downgraded its action to Buy.

Portfolio Pulse from Benzinga Insights

October 13, 2023 | 6:17 pm

AMAT

Applied Materials, Inc. (NASDAQ:AMAT) shares are trading lower due to concerns about inflation, rate hikes, and potential restrictions on Chinese companies accessing American AI chips. These factors could lead to a broader sell-off in the stock market and disrupt the global semiconductor supply chain, negatively impacting Applied Materials' revenue and stock price.

Portfolio Pulse from Henry Khederian

October 13, 2023 | 6:16 pm

STM

STMicroelectronics (NYSE:STM) has outperformed the market over the past 10 years by 7.72% on an annualized basis, producing an average annual return of 17.28%. If an investor had bought $100 of STM stock 10 years ago, it would be worth $487.29 today.

Portfolio Pulse from Benzinga Insights

October 13, 2023 | 6:00 pm

APD

Air Products & Chemicals (NYSE:APD) has outperformed the market over the past 20 years by 2.63% on an annualized basis, producing an average annual return of 9.96%. If an investor had bought $100 of APD stock 20 years ago, it would be worth $659.80 today.

Portfolio Pulse from Benzinga Insights

October 13, 2023 | 6:00 pm

ETHUSD

A total of 1,784.03 Ether (ETH) worth $2,755,313 was burned from Ethereum transactions on Thursday. This follows the implementation of the Ethereum improvement proposal EIP-1159 on August 5th, 2021, which changed the fee model and introduced a variable base fee that is burned, permanently removing it from circulation. Ethereum is currently issuing new Ether at a rate of 4% per year, expected to decrease to around 0.5-1% with the Ethereum 2.0 upgrade. The net annualized issuance rate for Ether yesterday was 1.01%.

Portfolio Pulse from Benzinga Insights

October 13, 2023 | 6:00 pm

SPY

Treasury Secretary Janet Yellen has stated that no funds from the unfrozen Iranian assets in Qatar have been spent. The impact of this news on the market and specifically on SPY is uncertain.

Portfolio Pulse from Benzinga Newsdesk

October 13, 2023 | 5:51 pm

UPS

A significant amount of unusual options activity has been detected for United Parcel Service (NYSE:UPS), with a bearish stance being taken by a 'whale' investor. Of the 11 strange trades detected, 45% were bullish and 54% were bearish. The total amount for puts was $351,361 and for calls was $302,782. The price target range for UPS over the last 3 months has been $135.0 to $170.0. Analysts from JP Morgan, TD Cowen, Raymond James, Susquehanna, and HSBC have maintained their ratings on UPS, with price targets ranging from $160 to $200.

Portfolio Pulse from Benzinga Insights

October 13, 2023 | 5:46 pm

BA

BCC

BCO

CARR

CAT

GE

LMT

NOC

UAL

URI

Benzinga's options activity scanner has identified significant options activity in 10 industrial stocks. The stocks include Caterpillar (CAT), United Airlines (UAL), Carrier Global (CARR), Boeing (BA), United Rentals (URI), Brink's Company (BCO), Lockheed Martin (LMT), General Electric (GE), Boise Cascade (BCC), and Northrop Grumman (NOC). The options activity ranges from bearish to bullish and neutral sentiments.

Portfolio Pulse from Benzinga Insights

October 13, 2023 | 5:35 pm