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Goldman Sachs has revealed a list of 50 stocks that are expected to see substantial long-term growth due to the adoption of artificial intelligence (AI). The list includes companies from the Russell 1000 index that are expected to benefit significantly from AI integration. The bank's analysis suggests that the median stock in their basket could see a 72% increase in earnings per share (EPS) following widespread AI adoption, compared to a 19% rise for the median stock in the Russell 1000 index.

Portfolio Pulse from Piero Cingari

August 22, 2023 | 4:02 pm

SBUX

A significant amount of unusual options activity has been observed for Starbucks (NASDAQ:SBUX), indicating a bullish stance by a large investor or institution. The activity includes 10 uncommon options trades, split 50% bullish and 50% bearish. The trades include 8 puts totaling $648,917 and 2 calls totaling $98,083. The targeted price range for Starbucks over the last 3 months has been $75.0 to $115.0. Several financial institutions have maintained or downgraded their ratings on Starbucks, with price targets ranging from $105 to $123.

Portfolio Pulse from Benzinga Insights

August 22, 2023 | 4:01 pm

PNC

A significant bearish stance has been taken on PNC Financial Services Group (NYSE:PNC) as evidenced by unusual options activity. The overall sentiment of these big-money traders is 90% bearish and 10% bullish. The trades include 6 puts for a total amount of $457,630 and 4 calls for a total amount of $263,160. The targeted price range for PNC over the last 3 months is from $105.0 to $132.0.

Portfolio Pulse from Benzinga Insights

August 22, 2023 | 3:46 pm

EPHE

Toyota Motor Corp (TM) is investing $78 million in its Philippines plant to produce two new models. The move is part of Toyota's strategy to strengthen its production capacity in Southeast Asia.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2023 | 3:31 pm

AMD

A significant bearish stance has been taken on Advanced Micro Devices (NASDAQ:AMD) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is split between 30% bullish and 69% bearish. The whales have been targeting a price range from $90.0 to $135.0 for AMD over the last 3 months. The current price of AMD is down -1.85% at $106.22. Several financial institutions have given their ratings and price targets for AMD.

Portfolio Pulse from Benzinga Insights

August 22, 2023 | 3:31 pm

MRNA

A whale investor has taken a bearish stance on Moderna (NASDAQ:MRNA), with 66% of the spotted trades being bearish. The trades include 3 puts amounting to $167,472 and 12 calls amounting to $761,200. The whales have been targeting a price range from $90.0 to $135.0 for Moderna over the last 3 months. The price of MRNA is currently up 3.82% at $115.32, and RSI indicators suggest that the stock may be approaching overbought.

Portfolio Pulse from Benzinga Insights

August 22, 2023 | 3:30 pm

INTC

Intel Corporation (INTC) plans to quadruple its cutting-edge chip packaging capacity by 2025, according to a report by Nikkei. This move is part of Intel's broader strategy to regain its leadership position in the semiconductor industry.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2023 | 3:20 pm

JD.com (NASDAQ:JD) has seen unusual options activity, with a significant number of investors taking a bullish stance. Of the 17 strange trades detected, 64% were bullish and 35% bearish. The majority of trades were puts, totaling $1,128,096, with calls totaling $131,109. Whales have been targeting a price range of $27.5 to $50.0 for JD.com over the last 3 months. The current price of JD is $33.09, down 0.39%. Analysts from Mizuho, JP Morgan, Citigroup, and B of A Securities have maintained their ratings on JD.com, with price targets ranging from $40 to $64.

Portfolio Pulse from Benzinga Insights

August 22, 2023 | 3:15 pm

LJIM

NVDA

SARK

SJIM

The Long Cramer Tracker ETF (BATS:LJIM), one of two ETFs launched by Tuttle Capital to align with Jim Cramer's stock recommendations, is set to shut down. The fund will be liquidated and assets distributed back to shareholders on Sept. 21, 2023. The other ETF, the Inverse Cramer Tracker ETF (BATS:SJIM), will remain open. The decision to close LJIM was made after Cramer and CNBC ignored the funds. The Inverse Cramer ETF trades at $23.93, while the Long Cramer Tracker ETF trades at $25.79.

Portfolio Pulse from Chris Katje

August 22, 2023 | 3:01 pm

UNIUSD

Uniswap's (CRYPTO: UNI) price has decreased by 3.52% over the past 24 hours to $4.67, continuing its downward trend over the past week of -25.0%. Uniswap's trading volume has climbed 23.0% over the past week, moving in tandem with the overall circulating supply of the coin, which has increased 0.19%. The current market cap ranking for UNI is #20 at $3.52 billion.

Portfolio Pulse from Benzinga Insights

August 22, 2023 | 3:00 pm