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RIVN

Rivian Automotive Inc's shares are trading lower by 2.8% amid overall market weakness, elevated oil prices, and rising Treasury yields. The rise in Treasury yields makes safer government bonds more attractive to investors, making high-growth stocks like Rivian less appealing. Rivian's valuation is based on future cash flows, which are impacted when Treasury yields rise.

Portfolio Pulse from Henry Khederian

September 06, 2023 | 3:38 pm

HUM

A significant bearish stance has been taken on Humana (NYSE:HUM) by a large investor, as observed from publicly available options history. The sentiment among these big-money traders is split between 23% bullish and 76% bearish. The whales have been targeting a price range from $455.0 to $560.0 for Humana over the last 3 months. Bernstein, TD Cowen, and Morgan Stanley have maintained their respective ratings on Humana with price targets of $599, $613, and $624.

Portfolio Pulse from Benzinga Insights

September 06, 2023 | 3:31 pm

ILMN

Illumina (NASDAQ:ILMN) has outperformed the market over the past 20 years by 16.74% on an annualized basis, producing an average annual return of 24.39%. If an investor had bought $100 of ILMN stock 20 years ago, it would be worth $7,841.93 today.

Portfolio Pulse from Benzinga Insights

September 06, 2023 | 3:30 pm

CELUSD

COIN

Coinbase Global Inc. has launched a new cryptocurrency lending service for U.S. institutional investors, filling a gap left by companies like BlockFi Inc. and Genesis Global. The company's Prime platform reported a $57 million investment in this venture. The service allows institutions to lend their digital assets to Coinbase under uniform conditions. This comes after Coinbase halted new loans via their 'Coinbase Borrow' service earlier in May.

Portfolio Pulse from Murtuza Merchant

September 06, 2023 | 3:21 pm

ABNB

A whale investor has taken a bullish stance on Airbnb (NASDAQ:ABNB), with 50% of investors opening trades with bullish expectations and 50% with bearish. The total amount for puts is $370,730 and for calls is $417,511. Whales have been targeting a price range from $130.0 to $200.0 for Airbnb over the last 3 months. The current price of ABNB is down -0.72% at $141.26. Citigroup, Morgan Stanley, Tigress Financial, and Deutsche Bank have maintained their ratings on Airbnb with price targets of $160, $110, $185, and $105 respectively.

Portfolio Pulse from Benzinga Insights

September 06, 2023 | 3:17 pm

MSTR

MicroStrategy, along with other crypto companies, has won fair value accounting, according to Reuters. This could potentially impact the way these companies report their financials, particularly in relation to their crypto assets.

Portfolio Pulse from Happy Mohamed

September 06, 2023 | 3:05 pm

PAYX

Paychex (NASDAQ:PAYX) has outperformed the market over the past 10 years, producing an average annual return of 11.61%. If an investor had bought $100 of PAYX stock 10 years ago, it would be worth $303.44 today.

Portfolio Pulse from Benzinga Insights

September 06, 2023 | 3:01 pm

AXP

American Express (NYSE:AXP) has outperformed the market over the past 15 years by 1.02% on an annualized basis, producing an average annual return of 9.85%. If an investor had bought $100 of AXP stock 15 years ago, it would be worth $415.59 today.

Portfolio Pulse from Benzinga Insights

September 06, 2023 | 3:00 pm

SNXUSD

Synthetix Network's (CRYPTO: SNX) price has increased by 6.16% over the past 24 hours to $2.34, and by over 22.0% over the past week. The coin's trading volume has climbed 208.0% over the past week, moving in tandem with the overall circulating supply of the coin, which has increased 0.02%. The current market cap ranking for SNX is #50 at $752.22 million.

Portfolio Pulse from Benzinga Insights

September 06, 2023 | 3:00 pm

AAPL

The U.S. government has invested at least $22 million into developing smart clothing that can record audio, video, and geolocation data. The program, called Smart Electrically Powered and Networked Textile Systems (SMART ePANTS), aims to make performance-grade, computerized clothing a reality. The program will be launched in three phases and is expected to significantly improve the capabilities of agencies like the Department of Defense, Central Intelligence Agency and Department Of Homeland Security. Apple Inc is expected to release its latest iPhone on Sept. 12 during its 'Wonderlust' launch event.

Portfolio Pulse from Adam Eckert

September 06, 2023 | 2:47 pm