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MCD

A significant bearish stance on McDonald's (NYSE:MCD) has been observed through 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 $120.0 to $310.0 for McDonald's over the last 3 months. The current price of MCD is down -1.04% at $282.44. Several financial institutions have maintained their ratings on McDonald's with price targets ranging from $310 to $340.

Portfolio Pulse from Benzinga Insights

August 17, 2023 | 7:30 pm

BKI

MCO

XLRE

The US housing market is facing an affordability crisis due to skyrocketing mortgage rates, which have reached a level unseen since April 2002. The average rate for a 30-year fixed loan is now 7.09%, up from 6.96% a week ago. This, combined with soaring home prices due to a severe inventory deficit, has resulted in housing affordability dropping to levels last seen in 1984. The scarcity of homes, rising expenses, and economic concerns have deterred potential buyers, causing a dip in sales of pre-owned homes. The Real Estate Select Sector SPDR Fund (NYSE:XLRE) has fallen 5% month-to-date.

Portfolio Pulse from Piero Cingari

August 17, 2023 | 7:28 pm

DAL

Delta Air Lines (NYSE:DAL) has outperformed the market over the past 15 years, producing an average annual return of 11.13%. An investment of $1000 in DAL 15 years ago would be worth $5,318.35 today. The company currently has a market capitalization of $27.03 billion.

Portfolio Pulse from Benzinga Insights

August 17, 2023 | 7:01 pm

ILMN

Illumina (NASDAQ:ILMN) has outperformed the market over the past 20 years, producing an average annual return of 25.8%. If an investor had bought $100 of ILMN stock 20 years ago, it would be worth $9,822.03 today.

Portfolio Pulse from Benzinga Insights

August 17, 2023 | 7:00 pm

BNBUSD

BNB's price has decreased by 3.68% over the past 24 hours to $225.88, continuing its downward trend over the past week of -6.0%. The trading volume for the coin has risen 89.0% over the past week while the circulating supply has decreased 0.1% to 153.86 million. The current market cap ranking for BNB is #4 at $34.73 billion.

Portfolio Pulse from Benzinga Insights

August 17, 2023 | 7:00 pm

BTCUSD

Bitcoin's price has decreased by 4.43% over the past 24 hours to $27,850.00, continuing its downward trend over the past week of -5.0%. The trading volume for the coin has increased 76.0% over the past week while the overall circulating supply of the coin has increased 0.05% to over 19.46 million.

Portfolio Pulse from Benzinga Insights

August 17, 2023 | 7:00 pm

ETHUSD

Ethereum's (CRYPTO: ETH) price has fallen 4.82% to $1,734.15 over the past 24 hours, continuing its negative trend over the past week with a 6.0% loss. The trading volume for the coin has climbed 110.0% over the past week, while the overall circulating supply has decreased 0.03% to 120.14 million. The current market cap ranking for ETH is #2 at $208.40 billion.

Portfolio Pulse from Benzinga Insights

August 17, 2023 | 7:00 pm

MELI

A significant bearish stance has been taken on MercadoLibre (NASDAQ:MELI) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is split between 33% bullish and 66% bearish. The whales have been targeting a price range from $580.0 to $1660.0 for MercadoLibre over the last 3 months. The current price of MELI is down -2.6% at $1215.06. Major financial institutions like Goldman Sachs, Jefferies, Credit Suisse, Barclays, and JP Morgan have maintained their ratings on MercadoLibre.

Portfolio Pulse from Benzinga Insights

August 17, 2023 | 6:46 pm

BMY

A significant investor has taken a bullish stance on Bristol-Myers Squibb (NYSE:BMY), with 70% of recent trades being bullish and 30% bearish. The total amount for put options is $109,642 and for call options is $396,733. Whales have been targeting a price range from $40.0 to $62.0 for Bristol-Myers Squibb over the last 3 months. The current price of BMY is up 1.94% at $62.12. Analysts have mixed ratings on the stock, with price targets ranging from $59 to $85.

Portfolio Pulse from Benzinga Insights

August 17, 2023 | 6:46 pm

SNOW

A significant bearish stance has been taken on Snowflake (NYSE:SNOW) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is 80% bearish and 20% bullish. Whales have been targeting a price range from $100.0 to $270.0 for Snowflake over the last 3 months. Guggenheim has downgraded its action to Sell with a price target of $105, while Mizuho maintains a Buy rating with a price target of $180, and Exane BNP Paribas has upgraded its action to Neutral with a price target of $173.

Portfolio Pulse from Benzinga Insights

August 17, 2023 | 6:30 pm