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Assets

UNP

Union Pacific (NYSE:UNP) has outperformed the market over the past 10 years by 1.02% on an annualized basis, producing an average annual return of 11.37%. If an investor had bought $1000 of UNP stock 10 years ago, it would be worth $2,901.70 today.

Portfolio Pulse from Benzinga Insights

August 11, 2023 | 2:30 pm

AMCR

Amcor PLC (NYSE:AMCR) has announced an agreement to acquire Phoenix Flexibles, a move aimed at expanding its presence in the high-growth Indian market. The acquisition, expected to close in Q3 2023, will allow Amcor to expand its product offering in high-value segments and add advanced film technology for more sustainable packaging solutions. Phoenix Flexibles generates annual revenue of approximately $20 million. As of March 31, 2023, AMCR's cash and cash equivalents stood at $564 million.

Portfolio Pulse from Lekha Gupta

August 11, 2023 | 2:26 pm

BAC

A significant amount of unusual options activity has been observed for Bank of America (NYSE:BAC), with a majority of investors taking a bullish stance. Of the 10 strange trades detected, 60% were bullish and 40% were bearish. The total amount for the 2 put trades was $55,000, while the 8 call trades amounted to $899,856. Whales have been targeting a price range from $29.0 to $32.0 for Bank of America over the last 3 months. Analysts from Oppenheimer, BMO Capital, and Morgan Stanley have maintained their respective ratings on the bank.

Portfolio Pulse from Benzinga Insights

August 11, 2023 | 2:16 pm

BKNG

A significant bearish stance has been taken on Booking Holdings (NASDAQ:BKNG) by a large investor or institution, as indicated by unusual options activity. The sentiment among these big-money traders is split, with 38% bullish and 61% bearish. The whales have been targeting a price range from $1420.0 to $4000.0 for Booking Holdings over the last 3 months. Several financial institutions have maintained their positive ratings on Booking Holdings, with price targets ranging from $3130 to $3600.

Portfolio Pulse from Benzinga Insights

August 11, 2023 | 2:16 pm

WW

An option alert has been issued for WW International, with 500 calls at the ask price of $1.1 for January 19, against an open interest of 11284. The reference price is $10.02.

Portfolio Pulse from Charles Gross

August 11, 2023 | 2:13 pm

BTCUSD

David Tse, a professor at Stanford University and founder of Babylon Chain, predicts that Decentralized Finance (DeFi) will revolutionize the traditional financial system in the next five years. He believes that the core principles of decentralization will introduce unparalleled efficiency and transparency into business workflows. Tse also highlighted the increasing relevance of decentralized identity solutions in the context of the global dialogue on data privacy. He acknowledged Bitcoin's unmatched decentralization and security, but emphasized the need to enhance its utility to foster wider adoption. He cited Babylon's BTC staking protocol as an innovative step in this direction.

Portfolio Pulse from Murtuza Merchant

August 11, 2023 | 2:12 pm

PAYX

Over the past 10 years, Paychex (NASDAQ:PAYX) has outperformed the market by 1.8% on an annualized basis, producing an average annual return of 12.11%. If an investor had bought $100 of PAYX stock 10 years ago, it would be worth $309.95 today. The company currently has a market capitalization of $44.72 billion.

Portfolio Pulse from Benzinga Insights

August 11, 2023 | 2:00 pm

ISRG

Intuitive Surgical (NASDAQ:ISRG) has outperformed the market over the past 15 years, producing an average annual return of 16.05%. If an investor had bought $100 of ISRG stock 15 years ago, it would be worth $913.79 today. The company currently has a market capitalization of $106.71 billion.

Portfolio Pulse from Benzinga Insights

August 11, 2023 | 2:00 pm

COIN

HOOD

Robinhood Markets (HOOD) may be outperforming its crypto-focused competitor, Coinbase Global (COIN), in attracting retail traders during a challenging period for digital assets. However, this is not reflected in the stock market.

Portfolio Pulse from Happy Mohamed

August 11, 2023 | 1:57 pm

OXY

Occidental Petroleum Corp's subsidiary, 1PointFive, has been selected to receive a grant from the U.S. Department of Energy's Office of Clean Energy Demonstrations for the development of its South Texas Direct Air Capture (DAC) Hub. The hub will house the first DAC plant in the world, which can remove up to 1 million metric tons of CO2 annually. The project is expected to create about 2,500 jobs. OXY shares are trading higher by 1.22% at $64.55.

Portfolio Pulse from Akanksha Bakshi

August 11, 2023 | 1:46 pm