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SPY

Michael Burry's firm, Scion Asset Management, has placed a $1.6 billion bet against the U.S. stock market, with put options against ETFs SPDR S&P 500 ETF Trust (SPY) and Invesco QQQ Trust Series 1 (QQQ). The article also suggests alternative investment opportunities such as high-yield savings accounts, single-family rentals, and fine art.

Portfolio Pulse from jing

August 25, 2023 | 6:30 pm

ATVI

Activision Blizzard (NASDAQ:ATVI) has outperformed the market over the past 10 years by 8.2% on an annualized basis, producing an average annual return of 18.54%. If an investor had bought $100 of ATVI stock 10 years ago, it would be worth $559.76 today.

Portfolio Pulse from Benzinga Insights

August 25, 2023 | 6:30 pm

ODFL

Old Dominion Freight Line (NASDAQ:ODFL) has outperformed the market over the past 5 years by 23.91% on an annualized basis, producing an average annual return of 32.58%. If an investor had bought $100 of ODFL stock 5 years ago, it would be worth $409.59 today.

Portfolio Pulse from Benzinga Insights

August 25, 2023 | 6:30 pm

CAT

A significant bearish stance has been taken on Caterpillar (NYSE:CAT) by a large investor, as observed in the unusual options activity. The sentiment among these big-money traders is split between 45% bullish and 54% bearish. The whales have been targeting a price range from $230.0 to $300.0 for Caterpillar over the last 3 months. The price of CAT is up 0.75% at $271.31. Several financial institutions have maintained their ratings on Caterpillar with varying price targets.

Portfolio Pulse from Benzinga Insights

August 25, 2023 | 6:01 pm

REGN

A significant bearish stance has been taken on Regeneron Pharmaceuticals (NASDAQ:REGN) by a large investor, as observed in the options history. The overall sentiment of these big-money traders is 90% bearish and 10% bullish. The whales have been targeting a price range from $770.0 to $860.0 for Regeneron Pharmaceuticals over the last 3 months. Wells Fargo, Truist Securities, Canaccord Genuity, and Barclays have given price targets of $980, $1045, $992, and $900 respectively.

Portfolio Pulse from Benzinga Insights

August 25, 2023 | 6:01 pm

KLAC

KLA (NASDAQ:KLAC) has outperformed the market over the past 20 years, producing an average annual return of 11.06%. If an investor had bought $100 of KLAC stock 20 years ago, it would be worth $814.63 today. The company currently has a market capitalization of $65.00 billion.

Portfolio Pulse from Benzinga Insights

August 25, 2023 | 6:00 pm

MSI

Motorola Solutions (NYSE:MSI) has outperformed the market over the past 10 years, producing an average annual return of 17.34%. If an investor had bought $1000 of MSI stock 10 years ago, it would be worth $4,930.93 today. The company currently has a market capitalization of $46.44 billion.

Portfolio Pulse from Benzinga Insights

August 25, 2023 | 6:00 pm

ETHUSD

A total of 4,300.01 Ether (ETH) worth $7,052,020 was burned from Ethereum transactions on Thursday. This follows the implementation of the Ethereum improvement proposal EIP-1159, which changes the fee model and burns a base fee from each transaction, reducing the supply of Ether. Ethereum is currently issuing new Ether at a rate of 4% per year, expected to decrease to 0.5-1% with the Ethereum 2.0 upgrade. The net annualized issuance rate for Ether was -3.72% yesterday.

Portfolio Pulse from Benzinga Insights

August 25, 2023 | 6:00 pm

AMZN

GOOG

NVDA

Open-source AI firm Hugging Face, backed by Nvidia Corp, has raised $235 million at a $4.5 billion valuation from major tech companies including Alphabet Inc, Amazon.Com Inc, Salesforce, Inc, Advanced Micro Devices, Inc, Intel Corp, International Business Machines Corp, and Qualcomm Inc. The funds will be used to hire talent to compete in the AI space. The company's valuation and prominent backers reflect the effectiveness of a collaborative approach to AI building.

Portfolio Pulse from Anusuya Lahiri

August 25, 2023 | 5:47 pm

GS

A significant bearish stance has been taken on Goldman Sachs Gr (NYSE:GS) as indicated by unusual options activity. The sentiment among these big-money traders is 80% bearish and 20% bullish. The whales have been targeting a price range from $270.0 to $380.0 for Goldman Sachs Gr over the last 3 months. The price of GS is currently down -0.31% at $318.98. Atlantic Equities upgraded its action to Neutral with a price target of $351, while Oppenheimer maintained their Outperform rating with a price target of $461.

Portfolio Pulse from Benzinga Insights

August 25, 2023 | 5:46 pm