Streetbeat News

Assets

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

SPY

USO

The U.S. Energy Information Administration (EIA) has revised its forecast for U.S. crude oil production, predicting a rise by 1.01 million barrels per day to 12.92 million barrels per day in 2023. This is an increase from the previously forecasted rise of 870,000 barrels per day.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2023 | 4:52 pm

GOOG

GOOGL

DeepMind Technologies, an AI research entity under Alphabet Inc, has reported a 39% reduction in employee-related expenses, coinciding with Alphabet's struggle with declining stock value. The cost-cutting measures included closing its research lab in Edmonton, Canada. Despite a 21% dip in revenue, Google has reaffirmed its commitment to back DeepMind financially for at least another year.

Portfolio Pulse from Anusuya Lahiri

October 11, 2023 | 4:49 pm

USO

The U.S. Energy Information Administration (EIA) has reduced its forecast for world oil demand growth in 2024 by 40,000 barrels/day, now predicting a year-on-year increase of 1.32 million barrels/day. The forecast for 2023 has also been cut by 50,000 barrels/day, with a new prediction of 1.76 million barrels/day year-on-year increase.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2023 | 4:48 pm

ORCL

A significant number of investors have taken a bearish stance on Oracle (NYSE:ORCL), with 57% of detected trades being bearish and 42% bullish. The total amount for puts is $467,527 and for calls is $523,700. Whales have been targeting a price range from $100.0 to $110.0 for Oracle over the last 3 months. The current price of ORCL is $109.51, up 0.18%. Several financial institutions have maintained or downgraded their ratings on Oracle, with price targets ranging from $130 to $150.

Portfolio Pulse from Benzinga Insights

October 11, 2023 | 4:46 pm

UNH

A significant bearish stance has been taken on UnitedHealth Group (NYSE:UNH) by a large investor, as observed in the options history. The sentiment among these big-money traders is 18% bullish and 81% bearish. The whales have been targeting a price range from $270.0 to $600.0 for UnitedHealth Group over the last 3 months. Jefferies has maintained their Hold rating on UnitedHealth Group with a price target of $531, while Cantor Fitzgerald downgraded its action to Overweight with a price target of $591.

Portfolio Pulse from Benzinga Insights

October 11, 2023 | 4:46 pm

WHLR

Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) shares have seen significant volatility, with a 40% increase on Wednesday but a nearly 50% decrease over the last five days. The stock has attracted retail investors and is among the top trending tickers on Yahoo! Finance. The company has a small float of 749 thousand shares and 41.42% of available shares are being sold short. Trading volume has been heavy, with over 20 million shares traded in the session, far exceeding the 100-day average of 549 thousand shares.

Portfolio Pulse from Erica Kollmann

October 11, 2023 | 4:45 pm

ADBE

AIQ

BOTZ

IBM