Streetbeat News

Assets

RMD

ResMed (NYSE:RMD) has outperformed the market over the past 15 years, producing an average annual return of 14.92%. If an investor had bought $1000 of RMD stock 15 years ago, it would be worth $7,953.35 today.

Portfolio Pulse from Benzinga Insights

August 10, 2023 | 6:00 pm

ETHUSD

On Wednesday, 4,710.67 Ether (ETH) worth $8,699,005 was burned from Ethereum transactions. This is a result of the Ethereum blockchain's upgrade known as EIP-1159, which changes the fee model and burns a base fee from each transaction. This reduces the supply of Ether. Ethereum is currently issuing new Ether at a rate of 4% per year, but this is expected to decrease to around 0.5-1% with the Ethereum 2.0 upgrade, potentially making ETH a deflationary currency.

Portfolio Pulse from Benzinga Insights

August 10, 2023 | 6:00 pm

LRCX

A significant amount of unusual options activity has been observed for Lam Research (NASDAQ:LRCX), with a majority of investors taking a bearish stance. The price target for Lam Research, based on volume and open interest, ranges from $390 to $720. The current price of LRCX is $685.38, down by 0.1%. Analysts from Mizuho, Stifel, Wells Fargo, Citigroup, and Morgan Stanley have maintained their ratings on Lam Research, with price targets ranging from $650 to $800.

Portfolio Pulse from Benzinga Insights

August 10, 2023 | 5:47 pm

AEO

BJRI

CPRI

CVNA

DKS

FTCH

GM

GRBK

RIVN

TSLA

Benzinga's options activity scanner has identified unusual options activity in the Consumer Discretionary sector. The stocks involved are Farfetch (FTCH), General Motors (GM), Tesla (TSLA), Rivian (RIVN), Dick's Sporting Goods (DKS), Capri Holdings (CPRI), Carvana (CVNA), American Eagle Outfitters (AEO), BJ's Restaurants (BJRI), and Green Brick Partners (GRBK). The options activity ranges from bullish to bearish and neutral sentiments.

Portfolio Pulse from Benzinga Insights

August 10, 2023 | 5:35 pm

HD

A significant bearish stance has been taken on Home Depot (NYSE:HD) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is split between 41% bullish and 58% bearish. The whales have been targeting a price range from $305.0 to $360.0 for Home Depot over the last 3 months. The current price of HD is $330.25, up 0.62%. Several research firms have maintained their Buy rating on Home Depot with varying price targets.

Portfolio Pulse from Benzinga Insights

August 10, 2023 | 5:31 pm

ILMN

Unusual options activity has been observed for Illumina (NASDAQ:ILMN), with a large position indicating a bullish stance. The overall sentiment of these big-money traders is split between 53% bullish and 46% bearish. The price of ILMN is up 1.59% at $187.42. Analysts from Citigroup, JP Morgan, Credit Suisse, Evercore ISI Group, and Stifel have maintained their ratings on Illumina, with price targets ranging from $150 to $240.

Portfolio Pulse from Benzinga Insights

August 10, 2023 | 5:30 pm

QCOM

Over the past 20 years, Qualcomm (NASDAQ:QCOM) has outperformed the market by 1.65% on an annualized basis, producing an average annual return of 9.37%. If an investor had bought $100 of QCOM stock 20 years ago, it would be worth $593.38 today. The company currently has a market capitalization of $129.52 billion.

Portfolio Pulse from Benzinga Insights

August 10, 2023 | 5:30 pm

GLOB

Globant SA (NYSE:GLOB) plans to invest $1 billion over five years in Latin America to strengthen its regional presence. The company will open an Emerging Technologies Innovation Center in Brazil and hire 20,000 people across its 30 development centers in Latin America. The aim is to accelerate the development of AI-based products. As of March 31, 2023, the company's cash and equivalents stood at $284.8 million.

Portfolio Pulse from Lekha Gupta

August 10, 2023 | 5:20 pm

URI

Unusual options activity has been observed for United Rentals (NYSE:URI), with a split sentiment between bullish and bearish. The activity includes 10 uncommon trades, with 7 puts and 3 calls. Whales have been targeting a price range from $400.0 to $520.0 for United Rentals over the last 3 months. The company's stock price is currently up 0.28% at $480.09. Analysts from Keybanc, UBS, Goldman Sachs maintain a positive rating on URI, while Baird and Barclays maintain a negative rating.

Portfolio Pulse from Benzinga Insights

August 10, 2023 | 5:16 pm

VZ

A significant bearish stance has been taken on Verizon Communications (NYSE:VZ) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is 80% bearish and 20% bullish. The whales have been targeting a price range from $28.0 to $80.0 for Verizon over the last 3 months. Analysts from Raymond James, Wells Fargo, Goldman Sachs, Citigroup, and Morgan Stanley have maintained their ratings on Verizon, with price targets ranging from $36 to $44.

Portfolio Pulse from Benzinga Insights

August 10, 2023 | 5:16 pm