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PEP

Unusual options activity has been observed for PepsiCo (NASDAQ:PEP), with a split sentiment of 50% bullish and 50% bearish among big-money traders. The targeted price range for PepsiCo over the last 3 months is from $150.0 to $170.0. The price of PEP is up 0.44% at $165.13. RBC Capital, Wedbush, Wells Fargo, and Barclays have provided their ratings and price targets for PepsiCo.

Portfolio Pulse from Benzinga Insights

October 11, 2023 | 6:15 pm

FTTUSD

FTX founder Sam Bankman-Fried contemplated shutting down Alameda Research amid allegations of misusing customer funds. Bankman-Fried stated that the negative publicity around Alameda's relationship with FTX was too burdensome. He also accused competitors of spreading false information to distract from their own issues. Alameda's reputation was damaged by speculations of engaging in trading not in the best interests of FTX's clients. Alameda's co-founder, Caroline Ellison, testified about deliberate balance sheet manipulations and misuse of FTX's customer accounts.

Portfolio Pulse from Murtuza Merchant

October 11, 2023 | 6:02 pm

ERIC

Ericsson has announced an impairment charge of SEK 32 billion and provided an update on its Q3 earnings, which it expects to be in line with guidance.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2023 | 6:00 pm

ETHUSD

On Tuesday, 1,626.65 Ether (ETH) worth $2,523,437 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 base fee from each transaction, permanently removing it from circulation. This is expected to make ETH a deflationary currency once the Ethereum 2.0 upgrade decreases the issuance rate of new Ether to around 0.5-1% per year.

Portfolio Pulse from Benzinga Insights

October 11, 2023 | 6:00 pm

CTRYF

EGRNF

EVGRF

FXI

NIO

SPY

XPEV

Rumors of a Chinese government stimulus have been boosting investor sentiment in Hong Kong, with expectations of an additional 1 trillion RMB ($137 billion) to support the local economy. This has led to a surge in Hong Kong and Chinese stocks. The iShares China Large Cap ETF (NYSE:FXI) is down 8.3% year-to-date, while the SPDR S&P 500 ETF (NYSE:SPY) has risen 14% during 2023. Stocks such as Country Garden Holdings Company Limited (OTC:CTRYF), China Evergrande Group (OTC:EGRNF), China Evergrande New Energy Vehicle Group Limited (OTC:EVGRF), XPeng Inc (NYSE:XPEV), and NIO Inc. (NYSE:NIO) have seen significant gains.

Portfolio Pulse from Daniel Harrison

October 11, 2023 | 5:47 pm

ARRY

DAL

ETN

INOD

JOBY

NOC

PLUG

PWR

VRT

Benzinga's options activity scanner has identified unusual trading activity in 10 industrial stocks. The stocks include Boeing (BA), Delta Air Lines (DAL), Vertiv Holdings (VRT), Plug Power (PLUG), Joby Aviation (JOBY), Innodata (INOD), Northrop Grumman (NOC), Array Technologies (ARRY), Quanta Services (PWR), and Eaton Corporation (ETN). The activity includes both bullish and bearish sentiments, with varying expiration dates and strike prices.

Portfolio Pulse from Benzinga Insights

October 11, 2023 | 5:35 pm

ALNY

AMGN

ARDX

CRMD

ILMN

IMGN

LLY

SHC

TLRY

ZBH

The article reports on the recent options activity in the health care sector. It highlights the trading of put and call options for ten US-listed companies: SHC, ARDX, TLRY, CRMD, LLY, ALNY, ZBH, AMGN, ILMN, and IMGN. The sentiment associated with these trades varies, with some being bearish and others bullish.

Portfolio Pulse from Benzinga Insights

October 11, 2023 | 5:35 pm

AAPL

AMD

MSFT

MSTR

NCR

NVDA

PLTR

SMCI

SNOW

SPLK

Benzinga's options activity scanner has identified significant options activity in the Information Technology sector. Notable trades include bullish put options for NVDA, AMD, and MSTR, and bearish call options for SPLK, MSFT, and PLTR. Bearish put options were observed for AAPL, SNOW, and NCR, while SMCI saw bullish call options.

Portfolio Pulse from Benzinga Insights

October 11, 2023 | 5:35 pm

PFE

A significant investor has taken a bullish stance on Pfizer (NYSE:PFE), with 66% of recent trades being bullish and 33% bearish. The total amount for puts is $836,600 and for calls is $1,157,937. Whales have been targeting a price range from $31.0 to $37.5 for Pfizer over the last 3 months. JP Morgan maintains a Neutral rating on Pfizer with a price target of $36, while Cantor Fitzgerald and Truist Securities have downgraded their actions with price targets of $75 and $62 respectively.

Portfolio Pulse from Benzinga Insights

October 11, 2023 | 5:01 pm

SPY

USO

The U.S. Energy Information Administration (EIA) has revised its forecast for U.S. crude oil production, now expecting it to rise by 200,000 barrels/day to 13.12M barrels/day in 2024. This is a significant decrease from the previously forecasted rise of 380,000 barrels/day.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2023 | 4:54 pm