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UTEN

The 10-year Treasury note yield has hit a 4.35% threshold, unseen since 2007, offering a potential 53% return over the next decade. However, rising yields could exert downward pressure on stocks, particularly in the communication services, consumer staples, and technology sectors. The US Treasury 10 Year Note ETF (NASDAQ:UTEN) tracks the 10-year Treasury note.

Portfolio Pulse from Piero Cingari

August 21, 2023 | 8:50 pm

PFE

A significant bearish stance has been taken on Pfizer (NYSE:PFE) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is split between 45% bullish and 54% bearish. The price range targeted by these investors for Pfizer over the last 3 months is from $31.0 to $47.5. Analysts from Truist Securities, Morgan Stanley, and BMO Capital have maintained their Buy, Equal-Weight, and Outperform ratings on Pfizer respectively.

Portfolio Pulse from Benzinga Insights

August 21, 2023 | 8:45 pm

DIA

The Dow Jones Industrial Average, closely tracked by the SPDR Dow Jones Industrial Average ETF (NYSE:DIA), is struggling below its 50-day moving average, indicating a potential bearish trend. The index has retreated by 3.4% since its peak on August 1. Momentum indicators such as the 14-day Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) signal a potential trend reversal.

Portfolio Pulse from Piero Cingari

August 21, 2023 | 8:36 pm

BNTX

Unusual options activity has been observed for BioNTech (NASDAQ:BNTX), with a large position indicating a bullish stance. The sentiment among these big-money traders is split 50% bullish and 50% bearish. The whales have been targeting a price range from $90.0 to $130.0 for BioNTech over the last 3 months. The price of BNTX is up 6.5% at $117.53. Morgan Stanley has downgraded its action to Equal-Weight with a price target of $119, while HC Wainwright & Co. maintains a Buy rating with a price target of $180.

Portfolio Pulse from Benzinga Insights

August 21, 2023 | 8:31 pm

HD

A significant bearish stance on Home Depot (NYSE:HD) has been observed through unusual options activity. The sentiment among big-money traders is 70% bearish and 30% bullish. The targeted price range for Home Depot over the last 3 months has been from $170.0 to $400.0. The current price of HD is down -1.01% at $324.06. Analysts have mixed ratings on Home Depot, with price targets ranging from $315 to $384.

Portfolio Pulse from Benzinga Insights

August 21, 2023 | 8:16 pm

ABT

A significant bearish stance has been taken on Abbott Laboratories (NYSE:ABT) by a large investor or institution, as indicated by unusual options trading activity. The sentiment among these big-money traders is 7% bullish and 92% bearish. The whales have been targeting a price range from $85.0 to $130.0 for Abbott Laboratories over the last 3 months. Barclays maintains an Overweight rating on Abbott Laboratories with a price target of $132.

Portfolio Pulse from Benzinga Insights

August 21, 2023 | 8:16 pm

ANET

A large investor has taken a bearish stance on Arista Networks (NYSE:ANET), with 20 uncommon options trades spotted, split between 45% bullish and 55% bearish. The whales have been targeting a price range from $115.0 to $210.0 for Arista Networks over the last 3 months. The price of ANET is up 2.29% at $184.67. JMP Securities, Needham, and Barclays have maintained their positive ratings on Arista Networks with a price target of $200, while Rosenblatt has downgraded its action to Buy with a price target of $175.

Portfolio Pulse from Benzinga Insights

August 21, 2023 | 8:15 pm

PMN

ProMIS Neurosciences has announced a private placement financing of $20.4 million at $1.88 per unit.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2023 | 8:13 pm

BNTC

Citadel Advisors LLC has acquired a 6.9% stake in Benitec Biopharma, according to a 13G filing with the SEC.

Portfolio Pulse from Happy Mohamed

August 21, 2023 | 8:12 pm

AXP

A significant bearish stance has been taken on American Express (NYSE:AXP) by a large investor, as observed in the unusual options activity. The sentiment among these big-money traders is 93% bearish. The whales have been targeting a price range from $145.0 to $180.0 for American Express over the last 3 months. The current price of AXP is $161.34. Analysts have mixed opinions with RBC Capital and Morgan Stanley downgrading their actions while B of A Securities maintains their Buy rating.

Portfolio Pulse from Benzinga Insights

August 21, 2023 | 8:00 pm