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AMD

Advanced Micro Devices (AMD) has seen a significant option alert for September 15 $110 calls. A total of 1715 contracts were traded near the ask price at $3.824, compared to an open interest of 28377. AMD's earnings report is expected on October 31 after market close. The reference price is $111.372.

Portfolio Pulse from Charles Gross

September 05, 2023 | 6:13 pm

XXII

22nd Century Group has initiated a strategic alternatives process for its tobacco assets, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2023 | 6:11 pm

UNH

A significant bullish stance has been taken on UnitedHealth Group (NYSE:UNH) as indicated by unusual options activity. The sentiment among these big-money traders is split between 52% bullish and 47% bearish. The whales have been targeting a price range from $230.0 to $670.0 for UnitedHealth Group over the last 3 months. The price of UNH is up 1.66% at $484.15. Stephens & Co. downgraded its action to Overweight with a price target of $560.

Portfolio Pulse from Benzinga Insights

September 05, 2023 | 6:00 pm

CVE

Cenovus Energy (NYSE:CVE) has outperformed the market over the past 5 years, producing an average annual return of 17.5%. If an investor had bought $1000 of CVE stock 5 years ago, it would be worth $2,270.83 today.

Portfolio Pulse from Benzinga Insights

September 05, 2023 | 6:00 pm

WIT

Wipro (NYSE:WIT) has outperformed the market over the past 20 years, producing an average annual return of 9.02%. If an investor had bought $1000 of WIT stock 20 years ago, it would be worth $5,428.55 today. The company currently has a market capitalization of $26.89 billion.

Portfolio Pulse from Benzinga Insights

September 05, 2023 | 6:00 pm

ETHUSD

On Monday, 3,379.33 Ether (ETH) worth $5,533,692 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 -1.97%.

Portfolio Pulse from Benzinga Insights

September 05, 2023 | 6:00 pm

UUP

The U.S. dollar is on an eight-week winning streak, reaching levels not seen since February 2023. Despite this, the Federal Reserve signals and economic data suggest no imminent rate hikes. The U.S. dollar index, tracked by the Invesco DB US Dollar Index Bullish Fund ETF (UUP), reached the 105 mark. However, Fed futures indicate a 95% probability that the Fed will keep rates unchanged at the upcoming FOMC meeting. Fed Gov. Christopher Waller and Loretta Mester, president of the Federal Reserve Bank of Cleveland, both provided insights suggesting a cautious approach to rate changes.

Portfolio Pulse from Piero Cingari

September 05, 2023 | 5:49 pm

V

A significant amount of unusual options activity has been observed for Visa (NYSE:V), with a majority of investors taking a bullish stance. The targeted price range for Visa over the last 3 months has been between $115.0 and $305.0. The current price of Visa is down by 0.96% at $245.74. Analysts from Mizuho, JP Morgan, and Wedbush have given price targets of $255, $296, and $270 respectively.

Portfolio Pulse from Benzinga Insights

September 05, 2023 | 5:46 pm

TSM

A significant bearish stance has been taken on Taiwan Semiconductor (NYSE:TSM) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is split between 28% bullish and 71% bearish. The whales have been targeting a price range from $50.0 to $100.0 for Taiwan Semiconductor over the last 3 months.

Portfolio Pulse from Benzinga Insights

September 05, 2023 | 5:45 pm

UAL

United Airlines is experiencing a systemwide technology issue, causing all aircraft to be held at their departure airports.

Portfolio Pulse from Happy Mohamed

September 05, 2023 | 5:41 pm