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The Bank of Russia will begin testing real-world transactions with its digital ruble, a central bank digital currency (CBDC) approved by President Vladimir Putin, with 13 banks excluding Sberbank and Tinkoff. The pilot program will test basic transactions, including opening of digital ruble accounts and money transfers. If successful, the digital ruble should be available for use by 2025. The pilot program aims to ensure the infrastructure surrounding the CBDC is functioning and user-friendly before rolling it out for retail and business use.

Portfolio Pulse from Happy Mohamed

August 09, 2023 | 3:47 pm

WBD

Unusual options activity has been observed for Warner Bros. Discovery (NASDAQ:WBD), with a bearish stance taken by a large investor. The overall sentiment of these big-money traders is split between 35% bullish and 64% bearish. The price of WBD is down -1.25% at $14.24. Several financial institutions have given their ratings and price targets for WBD, with the highest price target being $26.

Portfolio Pulse from Benzinga Insights

August 09, 2023 | 3:46 pm

CRM

A significant number of bearish trades have been observed in Salesforce (NYSE:CRM) options, with 87% of investors taking a bearish stance and 12% bullish. The majority of trades are puts, with a total amount of $697,470, compared to $504,995 in calls. Whales have been targeting a price range from $180.0 to $240.0 for Salesforce over the last 3 months. The current price of CRM is down -2.43% at $206.44. Analysts have mixed ratings on Salesforce, with price targets ranging from $240 to $278.

Portfolio Pulse from Benzinga Insights

August 09, 2023 | 3:31 pm

PYPL

A significant investor has taken a bearish stance on PayPal Holdings (NASDAQ:PYPL), with 61% of investors opening trades with bearish expectations. The whales have been targeting a price range from $60.0 to $140.0 for PayPal over the last 3 months. The price of PYPL is currently down -1.16% at $62.46. Several experts have given their ratings on PayPal, with most maintaining an Outperform or Buy rating, and price targets ranging from $77 to $88.

Portfolio Pulse from Benzinga Insights

August 09, 2023 | 3:31 pm

BN

Brookfield (NYSE:BN) has outperformed the market over the past 20 years, producing an average annual return of 13.4%. If an investor had bought $1000 of BN stock 20 years ago, it would be worth $12,332.11 today.

Portfolio Pulse from Benzinga Insights

August 09, 2023 | 3:30 pm

ANET

Arista Networks (NYSE:ANET) has outperformed the market over the past 5 years, producing an average annual return of 21.22%. If an investor had bought $1000 of ANET stock 5 years ago, it would be worth $2,635.64 today. The company currently has a market capitalization of $54.94 billion.

Portfolio Pulse from Benzinga Insights

August 09, 2023 | 3:30 pm

ABNB

A significant options activity has been observed for Airbnb (ABNB) with a sweep of 1000 calls at a strike price of $145 expiring on August 25. The calls were purchased near the ask price of $2.071, indicating bullish sentiment. The reference price for ABNB at the time was $138.3004.

Portfolio Pulse from Charles Gross

August 09, 2023 | 3:21 pm

INTC

A significant investor has taken a bearish stance on Intel (NASDAQ:INTC), with 75% of recent trades reflecting bearish expectations. The trades include 2 puts worth $77,800 and 10 calls worth $656,084. The targeted price range for Intel over the last 3 months has been $27.5 to $45.0. The current price of INTC is down -0.71% at $34.77. Analysts' ratings vary, with Wolfe Research maintaining an Underperform rating and a price target of $31, while Tigress Financial has downgraded its action to Buy with a price target of $46.

Portfolio Pulse from Benzinga Insights

August 09, 2023 | 3:16 pm

NGL

Tennessee Representative Mark Green has purchased between $250,001 and $500,000 worth of NGL Energy Partners (NYSE:NGL) stock, according to a Periodic Transaction Report. The transaction was made on August 8, 2023. NGL Energy Partners shares are currently trading up 4.57% at $4.52. Congressional transactions can be an important factor for investors to consider, although they should not be the primary basis for an investing decision.

Portfolio Pulse from Benzinga Insights

August 09, 2023 | 3:05 pm

V

Visa (NYSE:V) has outperformed the market over the past 15 years, producing an average annual return of 18.49%. If an investor had bought $100 of V stock 15 years ago, it would be worth $1,305.53 today. The company currently has a market capitalization of $501.87 billion.

Portfolio Pulse from Benzinga Insights

August 09, 2023 | 3:00 pm