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Renowned trader Bluntz, who accurately predicted Bitcoin's bear market bottom in 2018, has suggested that the cryptocurrency market might be nearing its last good buying opportunity for the next few years. His predictions are based on the Elliott Wave Model and the $TOTAL metric, which represents the total market capitalization of all cryptocurrencies. He believes the market might revisit the lows observed in June before establishing a firm bottom.

Portfolio Pulse from Murtuza Merchant

August 22, 2023 | 5:57 pm

AIG

BAC

COIN

JPM

SCHW

SOFI

TFC

TROW

VLY

Benzinga's options activity scanner has identified significant options activity in 10 financial stocks. Bullish put options were observed for VLY, SOFI, BAC, and C, while bearish call options were noted for JPM, AIG, and SCHW. Bearish put options were seen for COIN, TFC, and TROW.

Portfolio Pulse from Benzinga Insights

August 22, 2023 | 5:35 pm

AAPL

AMD

COHR

CSCO

GLOB

MDB

MSFT

NTNX

NVDA

PANW

The article reports on the recent options activity in the Information Technology sector. It highlights the trades of 10 companies: AAPL, NVDA, MSFT, CSCO, PANW, GLOB, AMD, NTNX, COHR, and MDB. The sentiment of the trades varies from bullish to bearish and neutral.

Portfolio Pulse from Benzinga Insights

August 22, 2023 | 5:35 pm

BABA

A significant amount of unusual options activity has been detected for Alibaba Group Holding (NYSE:BABA), with a majority of investors taking a bearish stance. Whales have been targeting a price range from $15.0 to $130.0 for Alibaba over the last 3 months. The current price of BABA is down -0.75% at $87.91. Several financial institutions have maintained or upgraded their ratings on Alibaba, with price targets ranging from $120 to $180.

Portfolio Pulse from Benzinga Insights

August 22, 2023 | 5:31 pm

SPGI

S&P Global (NYSE:SPGI) has outperformed the market over the past 10 years by 10.34% on an annualized basis, producing an average annual return of 20.7%. If an investor had bought $100 of SPGI stock 10 years ago, it would be worth $637.66 today.

Portfolio Pulse from Benzinga Insights

August 22, 2023 | 5:30 pm

Ingersoll Rand (NYSE:IR) has outperformed the market over the past 5 years, producing an average annual return of 18.8%. An investment of $1000 in IR stock 5 years ago would be worth $2,429.66 today.

Portfolio Pulse from Benzinga Insights

August 22, 2023 | 5:30 pm

LMT

A significant investor has taken a bullish stance on Lockheed Martin (NYSE:LMT), with 66% of the investors opening trades with bullish expectations and 33% with bearish. The whales have been targeting a price range from $320.0 to $490.0 for Lockheed Martin over the last 3 months. The current price of LMT is $451.46, with the stock being neutral between overbought and oversold.

Portfolio Pulse from Benzinga Insights

August 22, 2023 | 5:17 pm

PLTR

A significant bearish stance has been taken on Palantir Technologies (NYSE:PLTR) by a large investor, as observed in the 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 $10.0 to $27.0 for Palantir over the last 3 months. The current price of PLTR is up 1.98% at $14.79. Analysts have mixed ratings on the stock, with price targets ranging from $7 to $25.

Portfolio Pulse from Benzinga Insights

August 22, 2023 | 5:17 pm

WFC

A significant bearish stance has been taken on Wells Fargo (NYSE:WFC) by a large investor, as observed in the options history. The sentiment among these big-money traders is split between 40% bullish and 60% bearish. The whales have been targeting a price range from $40.0 to $45.0 for Wells Fargo over the last 3 months. The current price of WFC is down -1.32% at $41.93. Morgan Stanley and Atlantic Equities have maintained their Overweight rating on Wells Fargo, with a price target of $52.

Portfolio Pulse from Benzinga Insights

August 22, 2023 | 5:01 pm

ELV

Elevance Health (NYSE:ELV) has outperformed the market over the past 10 years, producing an average annual return of 18.52%. If an investor had bought $1000 of ELV stock 10 years ago, it would be worth $5,373.34 today.

Portfolio Pulse from Benzinga Insights

August 22, 2023 | 5:00 pm