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Assets

A significant bullish stance has been taken on Deere (NYSE:DE) by a large investor, as indicated by a large position in the company's options. The sentiment among these big-money traders is split between 57% bullish and 42% bearish. The whales have been targeting a price range from $370.0 to $430.0 for Deere over the last 3 months. Canaccord Genuity, HSBC, and Evercore ISI Group have downgraded their actions on Deere with price targets of $400, $486, and $424 respectively.

Portfolio Pulse from Benzinga Insights

October 10, 2023 | 7:00 pm

UEC

Roth MKM analyst Joe Reagor has reiterated a Buy rating on Uranium Energy Corp. (UEC), raising the price target to $6.75 from $6. This comes after UEC sold 805,000 pounds of uranium during fiscal Q4 2023, despite previous expectations of no sales. The spot price of uranium has increased from $54 to over $72 per pound since July, due to geopolitical issues and increasing demand for nuclear energy. As a result, the analyst raised the long-term uranium price from $70 to $80 per pound and increased the valuation of several of UEC's uranium assets. However, the valuation of the company's titanium asset was decreased as the project is unlikely to advance in the near term.

Portfolio Pulse from Nabaparna Bhattacharya

October 10, 2023 | 6:56 pm

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A subsea gas pipeline and a telecommunications cable connecting Finland and Estonia have been damaged in a suspected deliberate act. The Balticconnector gas pipeline was shut down due to a potential gas leak, and the damaged telecommunications cable raised concerns about regional connectivity. Despite the damage, Finland's energy supply remains stable, and no gas shortages are expected. The incident has caused European gas prices to surge, reaching a six-month high. Finnish telecommunications operator Elisa confirmed that the damaged cable did not disrupt its services.

Portfolio Pulse from Vandana Singh

October 10, 2023 | 6:53 pm

AMAT

A significant investor has taken a bearish stance on Applied Materials (NASDAQ:AMAT), with 83% of detected trades being bearish. The trades include 8 puts totaling $421,877 and 4 calls totaling $175,336. Whales have been targeting a price range from $140.0 to $170.0 for AMAT over the last 3 months. The current price of AMAT is $140.99, up 0.6%. Wolfe Research, UBS, and Mizuho have given price targets of $185, $150, and $158 respectively.

Portfolio Pulse from Benzinga Insights

October 10, 2023 | 6:45 pm

ASML

A significant amount of unusual options activity has been detected for ASML Holding (NASDAQ:ASML), with a majority of investors taking a bearish stance. Of the 22 strange trades detected, 40% were bullish and 59% were bearish. The total amount for puts was $656,150 and for calls was $502,181. Whales have been targeting a price range from $310.0 to $660.0 for ASML Holding over the last 3 months. The current price of ASML is up 1.54% at $600.47.

Portfolio Pulse from Benzinga Insights

October 10, 2023 | 6:30 pm

A significant amount of unusual options activity has been detected for Verizon Communications (NYSE:VZ), with a majority of investors taking a bullish stance. Of the 31 strange trades detected, 61% were bullish and 38% were bearish. The total amount for puts was $3,180,036 and for calls was $239,600. Whales have been targeting a price range from $23.0 to $42.0 for Verizon over the last 3 months. The current price of VZ is up 0.32% at $31.55.

Portfolio Pulse from Benzinga Insights

October 10, 2023 | 6:16 pm

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On Monday, 1,760.21 Ether (ETH) worth $2,748,075 was burned from Ethereum transactions. This follows the Ethereum blockchain's upgrade known as EIP-1159, which changed the fee model and burns a base fee from each transaction. 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 1.04%.

Portfolio Pulse from Benzinga Insights

October 10, 2023 | 6:00 pm

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Benzinga's options activity scanner has identified significant options activity in the Consumer Discretionary sector. Notable trades include bearish call options for Tesla (TSLA) and Rivian (RIVN), bullish call options for Cava (CAVA) and Nike (NKE), a neutral put option for General Motors (GM), bearish put options for MGM Resorts (MGM) and Capri Holdings (CPRI), bullish call options for Abercrombie & Fitch (ANF), a bullish put option for Crocs (CROX), and a bearish put option for Airbnb (ABNB).

Portfolio Pulse from Benzinga Insights

October 10, 2023 | 5:35 pm

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A significant amount of unusual options activity has been detected for NextEra Energy (NYSE:NEE), with a bearish stance being taken by a majority of investors. Of the 19 strange trades detected, 63% were bearish and 36% were bullish. The total amount for puts was $232,305 and for calls was $681,480. Whales have been targeting a price range from $40.0 to $57.0 for NextEra Energy over the last 3 months.

Portfolio Pulse from Benzinga Insights

October 10, 2023 | 5:15 pm

WELL

Welltower (NYSE:WELL) has outperformed the market over the past 15 years, producing an average annual return of 12.2%. If an investor had bought $1000 of WELL stock 15 years ago, it would be worth $4,921.98 today.

Portfolio Pulse from Benzinga Insights

October 10, 2023 | 5:01 pm