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XOM

Exxon Mobil (NYSE:XOM) has seen unusual options activity, with a significant number of bullish trades. Of the 12 strange trades detected, 58% were bullish and 41% bearish. The total amount for puts was $86,475 and for calls was $476,530. Whales have been targeting a price range from $110.0 to $130.0 for Exxon Mobil over the last 3 months. The current price of XOM is up 0.7% at $114.32. Analysts from Morgan Stanley, Redburn Partners, Mizuho, and UBS have maintained their ratings on Exxon Mobil with price targets ranging from $105 to $139.

Portfolio Pulse from Benzinga Insights

September 06, 2023 | 7:31 pm

PINS

Pinterest, Inc. (NYSE:PINS) shares are trading lower alongside other social media stocks due to overall weakness in tech-related sectors on rising yields. Rising treasury yields have put pressure on the market, with the rate-sensitive two-year Treasury yields increasing by 15-basis points, climbing over 5%. This has made it more difficult for companies to attain capital, driving the market downward. Pinterest shares are down over 4%.

Portfolio Pulse from Ryan Gustafson

September 06, 2023 | 7:27 pm

IRS

IRSA has announced its FY23 results, recording a profit of ARS 58,094 million, 22.8% lower than FY22. Rental adjusted EBITDA increased by 24.9% driven by the Shopping Centers and Hotels segments. Mall tenant sales grew by 16.0% and occupancy reached 97.4%. The company sold properties for a total of USD 163.7 million and reduced net debt by 67% since 2020. Dividends were distributed twice this fiscal year for a total of USD 124.1 million and the company repurchased 1.7% of its capital stock.

Portfolio Pulse from Happy Mohamed

September 06, 2023 | 7:07 pm

XLRE

XLY

The Federal Reserve Beige Book reveals a moderate growth pace in the economy during July and August, but also shows signs of a slowdown in discretionary consumer spending. Consumers are increasingly resorting to borrowing to sustain their spending patterns, which could impact companies in the Consumer Discretionary Select Sector SPDR Fund (NYSE:XLY). The report also highlights challenges in the housing market, which could affect the Real Estate Select Sector SPDR Fund (NYSE:XLRE).

Portfolio Pulse from Piero Cingari

September 06, 2023 | 6:44 pm

CSCO

A significant bullish stance has been taken on Cisco Systems (NASDAQ:CSCO) by a large investor, as observed from publicly available options history. The overall sentiment of these big-money traders is split between 63% bullish and 36% bearish. Whales have been targeting a price range from $52.5 to $60.0 for Cisco Systems over the last 3 months. Several experts have maintained their positive ratings on Cisco Systems, with price targets ranging from $58 to $65.

Portfolio Pulse from Benzinga Insights

September 06, 2023 | 6:32 pm

ABT

A significant bearish stance has been taken on Abbott Laboratories (NYSE:ABT) by a large investor, as observed in the unusual options activity. The sentiment among these big-money traders is 70% bearish and 30% bullish. The whales have been targeting a price range from $80.0 to $110.0 for Abbott Laboratories over the last 3 months. The current price of ABT is up 1.05% at $101.94.

Portfolio Pulse from Benzinga Insights

September 06, 2023 | 6:32 pm

SHIBUSD

Shiba Inu (CRYPTO: SHIB) has been trading mostly flat, showing strength compared to the general market. The cryptocurrency has settled into a falling channel pattern, indicating a bearish short-term trend but potential bullishness in the future. Shiba Inu has resistance above at $0.00000793 and at $0.00000856 and support below at $0.00000738 and at $0.00000694.

Portfolio Pulse from Melanie Schaffer

September 06, 2023 | 6:26 pm

CAT

A significant amount of unusual options activity has been detected for Caterpillar (NYSE:CAT), with a mix of bullish and bearish stances. Of the 10 strange trades detected, 50% were bullish and 50% were bearish. The total amount for puts was $226,709 and for calls was $211,925. Whales have been targeting a price range from $250.0 to $300.0 for Caterpillar over the last 3 months. The current price of CAT is down -0.31% at $280.75.

Portfolio Pulse from Benzinga Insights

September 06, 2023 | 6:16 pm

CELUSD

GS

Former CEO of Celsius, Alex Mashinsky, is facing a freeze on his banking and real estate assets amid an ongoing criminal investigation. He was taken into custody in July on several charges, including securities fraud and alleged manipulation of the company's CEL token. A directive was issued by New York's Judge Jed Rakoff, preventing the sale of assets from several Goldman Sachs accounts associated with Koala LLC and a residential property located in Austin, Texas.

Portfolio Pulse from Murtuza Merchant

September 06, 2023 | 6:13 pm

NBXG

E-commerce finance provider Wayflyer has signed a $1 billion off-balance sheet funding deal with investment firm Neuberger Berman (NYSE:NBXG). The funding will support Wayflyer's growth and expand its financing solutions. The agreement involves a potential acquisition of up to $1 billion in assets from funds administered by Neuberger Berman, with no specified timeframe for the transaction.

Portfolio Pulse from Khyathi Dalal

September 06, 2023 | 6:09 pm