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Assets

BLK

BlackRock (NYSE:BLK) has outperformed the market over the past 20 years, producing an average annual return of 14.21%. If an investor had bought $1000 of BLK stock 20 years ago, it would be worth $14,310.75 today.

Portfolio Pulse from Benzinga Insights

September 06, 2023 | 5:00 pm

WFC

A significant amount of unusual options activity has been detected for Wells Fargo (NYSE:WFC), with a majority of investors taking a bearish stance. Of the 13 strange trades detected, 69% were bearish and 30% bullish. The total amount for puts was $1,123,527 and for calls, $595,040. Whales have been targeting a price range from $35.0 to $52.5 for Wells Fargo over the last 3 months. The current price of WFC is down -2.15% at $40.65.

Portfolio Pulse from Benzinga Insights

September 06, 2023 | 4:47 pm

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ENV

FI

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PYPL

SQ

The Fintech as a Service (FaaS) industry is projected to grow from $260.7 billion in 2022 to $995.9 billion in 2032, while the Crypto Asset Management Market is expected to increase from $1.1 billion in 2023 to $3.1 billion by 2028. This growth is driven by high consumer demand for online and mobile banking services, and the evolution of asset management with rising investments in crypto funds. Companies mentioned in the FaaS space include Adyen, Block Inc, Envestnet Inc, Fidelity National Information Services Inc, Fiserv Inc, Mastercard Inc, Paypal Holdings Inc, and Dwolla.

Portfolio Pulse from Khyathi Dalal

September 06, 2023 | 4:44 pm

UPS

A significant investor has taken a bearish stance on United Parcel Service (NYSE:UPS), with 72% of recent trades being bearish and 27% bullish. The majority of trades are puts, totaling $389,577, compared to $102,335 in calls. Whales have been targeting a price range of $160 to $190 for UPS over the last three months. The current price of UPS is down 0.99% at $162.35. Analysts from Oppenheimer, UBS, JP Morgan, Credit Suisse, and BMO Capital have maintained their ratings on UPS, with price targets ranging from $185 to $195.

Portfolio Pulse from Benzinga Insights

September 06, 2023 | 4:31 pm

OXY

Unusual options activity has been observed for Occidental Petroleum (NYSE:OXY), with a large position indicating a bullish stance. The sentiment among these big-money traders is split between 60% bullish and 40% bearish. The whales have been targeting a price range from $50.0 to $75.0 for Occidental Petroleum over the last 3 months. Analysts' ratings vary, with UBS and Mizuho maintaining their Neutral and Buy ratings respectively, while Roth MKM and Stephens & Co. have downgraded their ratings to Neutral and Overweight respectively.

Portfolio Pulse from Benzinga Insights

September 06, 2023 | 4:31 pm

GS

A significant bearish stance has been taken on Goldman Sachs Gr (NYSE:GS) as indicated by unusual options activity. The overall sentiment of these big-money traders is split between 45% bullish and 54% bearish. Whales have been targeting a price range from $300.0 to $410.0 for Goldman Sachs Gr over the last 3 months. The price of GS is currently down -0.99% at $320.54. Oppenheimer has maintained their Outperform rating on Goldman Sachs Gr, with a price target of $461.

Portfolio Pulse from Benzinga Insights

September 06, 2023 | 4:16 pm

LRCX

A significant bearish stance has been taken on Lam Research (NASDAQ:LRCX) by a large investor, as indicated by unusual options activity. 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 $820.0 for Lam Research over the last 3 months. Stifel maintains their Buy rating on Lam Research with a price target of $750.

Portfolio Pulse from Benzinga Insights

September 06, 2023 | 4:16 pm

ACDVF

DAL

Passengers on Delta Air Lines, Inc. (NYSE:DAL) and Air Canada (OTC:ACDVF) flights recently faced discomfort due to incidents involving bodily fluids. On an Air Canada flight, passengers were asked to sit in seats wet with vomit, leading to their removal from the plane and a 31-minute delay. On a Delta flight, a passenger's severe gastrointestinal distress caused an emergency return to Atlanta, resulting in an eight-hour delay. Both airlines faced criticism for their handling of the situations.

Portfolio Pulse from AJ Fabino

September 06, 2023 | 3:55 pm

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