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Two economic reports released on Friday showed a surge in the Producer Price Index (PPI) inflation and a dip in the University of Michigan’s consumer sentiment index. The PPI inflation was up 0.8% YoY in July, surpassing analysts’ projections of 0.7%. The consumer sentiment index dipped from 71.6 to 71.2 in the first two weeks of August. The news impacted several ETFs including Energy Select Sector SPDR Fund (XLE), Vanguard Health Care ETF (VHT), iShares MSCI Emerging Market ETF (EEM), Technology Select Sector SPDR Fund (XLK), and Invesco QQQ Trust (QQQ).

Portfolio Pulse from Piero Cingari

August 11, 2023 | 4:47 pm

HCA

HCA Healthcare (NYSE:HCA) has outperformed the market over the past 10 years by 11.18% on an annualized basis, producing an average annual return of 21.54%. If an investor had bought $100 of HCA stock 10 years ago, it would be worth $690.48 today.

Portfolio Pulse from Benzinga Insights

August 11, 2023 | 4:30 pm

GILD

Gilead Sciences (NASDAQ:GILD) has outperformed the market over the past 20 years, producing an average annual return of 12.07%. If an investor had bought $1000 of GILD stock 20 years ago, it would be worth $10,044.70 today. The company currently has a market capitalization of $99.39 billion.

Portfolio Pulse from Benzinga Insights

August 11, 2023 | 4:30 pm

FCX

A significant bullish stance has been taken on Freeport-McMoRan (NYSE:FCX) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is split between 71% bullish and 28% bearish. The whales have been targeting a price range from $33.0 to $65.0 for Freeport-McMoRan over the last 3 months. The current price of FCX is down -1.7% at $41.66. Morgan Stanley has downgraded its action to Equal-Weight with a price target of $38.

Portfolio Pulse from Benzinga Insights

August 11, 2023 | 4:15 pm

WMT

A significant amount of unusual options activity has been detected for Walmart (NYSE:WMT), with a bearish stance being taken by a majority of investors. Of the 15 strange trades detected, 53% were bearish and 46% were bullish. The total amount for puts was $463,962 and for calls was $344,997. Whales have been targeting a price range from $140.0 to $230.0 for Walmart over the last 3 months. Several financial firms have given their ratings and price targets for Walmart, with the highest being $210 by Piper Sandler.

Portfolio Pulse from Benzinga Insights

August 11, 2023 | 4:15 pm

PANW

Unusual options activity has been observed for Palo Alto Networks (NASDAQ:PANW), with a bearish stance taken by a large investor. The overall sentiment of these big-money traders is split between 46% bullish and 53% bearish. The price of PANW is up 1.78% at $217.86. Analysts from BTIG, JMP Securities, Keybanc, and Oppenheimer have maintained their positive ratings on the company, with price targets ranging from $259 to $300.

Portfolio Pulse from Benzinga Insights

August 11, 2023 | 4:01 pm

MRNA

A significant amount of bearish options activity has been detected for Moderna (NASDAQ:MRNA), with 73% of investors opening trades with bearish expectations. The total amount for puts is $822,130 and for calls is $346,074. Whales have been targeting a price range from $80.0 to $230.0 for Moderna over the last 3 months. The price of MRNA is up 0.71% at $101.0, with RSI indicators suggesting the stock may be oversold.

Portfolio Pulse from Benzinga Insights

August 11, 2023 | 4:00 pm

NOW

ServiceNow (NYSE:NOW) has seen unusual options activity, with a significant bearish stance taken by a 'whale' investor. Of the 12 strange trades detected, 41% were bullish and 58% bearish. The total amount for puts was $558,116 and for calls, $171,909. Whales have been targeting a price range from $380.0 to $800.0 for ServiceNow over the last 3 months. The current price of NOW is up 0.15% at $555.85. Major financial institutions have maintained their positive ratings on ServiceNow, with price targets ranging from $620 to $657.

Portfolio Pulse from Benzinga Insights

August 11, 2023 | 4:00 pm

APH

Amphenol (NYSE:APH) has outperformed the market over the past 20 years, producing an average annual return of 17.66%. If an investor had bought $100 of APH stock 20 years ago, it would be worth $2,604.75 today.

Portfolio Pulse from Benzinga Insights

August 11, 2023 | 4:00 pm

EA

Electronic Arts (NASDAQ:EA) has outperformed the market over the past 10 years by 6.13% on an annualized basis, producing an average annual return of 16.46%. If an investor had bought $1000 of EA stock 10 years ago, it would be worth $4,559.64 today.

Portfolio Pulse from Benzinga Insights

August 11, 2023 | 4:00 pm