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Boeing's aircraft deliveries fell in July due to supply chain disruptions affecting its 737 narrowbody jet. The company delivered 43 aircraft, down from 60 in June, and fewer than Airbus' 65. The 737 MAX deliveries fell from 48 in June to 32 in July, the lowest since April. Boeing CEO Dave Calhoun cited rework to fix a bracket defect, a work stoppage at supplier Spirit AeroSystems, and a bridge collapse impacting railway deliveries as reasons for the fall. Despite this, Boeing's gross orders since January rose to 579 in July.

Portfolio Pulse from Happy Mohamed

August 08, 2023 | 3:11 pm

TM

A significant investor has taken a bearish stance on Toyota Motor (NYSE:TM), with 52% of recent trades showing bearish expectations. The trades include 3 puts totaling $311,236 and 14 calls totaling $967,928. Whales have been targeting a price range from $170.0 to $185.0 for Toyota Motor over the last 3 months. The price of TM is currently down -2.35% at $169.32.

Portfolio Pulse from Benzinga Insights

August 08, 2023 | 3:01 pm

FCX

A significant bearish stance has been taken on Freeport-McMoRan (NYSE:FCX) by a large investor, as indicated by a large position in the company's options. The overall sentiment of these big-money traders is split between 33% bullish and 66% bearish. The whales have been targeting a price range from $37.0 to $45.0 for Freeport-McMoRan over the last 3 months. Morgan Stanley has downgraded its action to Equal-Weight with a price target of $38.

Portfolio Pulse from Benzinga Insights

August 08, 2023 | 3:01 pm

BRPHF

COIN

Crypto exchange Bitstamp is seeking additional funding to expand its operations in Europe and Asia, with advisory services provided by Galaxy Digital Holdings. The funds will be used to introduce derivatives trading in Europe and increase market presence in Asia. Bitstamp's American division, Bitstamp USA, has seen an increase in its market share in the U.S. this year. Coinbase Global Inc. and Gemini have also launched offshore derivatives exchanges this year.

Portfolio Pulse from Murtuza Merchant

August 08, 2023 | 2:47 pm

HBI

Activist investor Barington Capital has acquired an undisclosed stake in Hanesbrands Inc. (NYSE:HBI) and is urging the company to make significant changes to its board and enact strategies to reverse the decline in its stock value. Barington is pressing Hanesbrands to appoint new board members with expertise in apparel and manufacturing and is considering the possibility of a new CEO. The firm is also urging Hanesbrands to reduce costs by at least $300 million annually and decrease its inventory levels.

Portfolio Pulse from Michael Cohen

August 08, 2023 | 2:39 pm

GM

A significant bearish stance on General Motors (NYSE:GM) has been observed, with unusual options activity. The sentiment among big-money traders is split between 26% bullish and 73% bearish. Whales have been targeting a price range from $35.0 to $35.0 for GM over the last 3 months. The price of GM is currently down -2.35% at $36.22. Wells Fargo and Citigroup have maintained their Underweight and Buy ratings on GM respectively, while Benchmark has downgraded its action to Buy.

Portfolio Pulse from Benzinga Insights

August 08, 2023 | 2:16 pm

CRWD

A significant number of investors have taken a bearish stance on CrowdStrike Holdings (NASDAQ:CRWD), with 63% of detected trades being bearish. The majority of these trades are puts, totaling $839,493, compared to $93,024 in calls. Whales have been targeting a price range from $70.0 to $200.0 for CrowdStrike over the last 3 months. The current price of CRWD is down -3.23% at $146.1. Analysts from Morgan Stanley maintain an Overweight rating with a price target of $178, while JMP Securities and Needham have downgraded their actions with price targets of $235 and $170 respectively.

Portfolio Pulse from Benzinga Insights

August 08, 2023 | 2:16 pm

ADT

ADT Inc. reported a Q2 2023 sales decline of 0.5% to $1.59 billion, missing the consensus of $1.65 billion. However, its adjusted EPS of $0.16 beat the consensus of $0.06. The company plans to sell its commercial security, fire, and life safety business unit to GTCR for $1.6 billion, with proceeds expected to reduce debt by $1.5 billion. ADT lowered its FY23 sales guidance to $6.30 billion-$6.50 billion.

Portfolio Pulse from Nabaparna Bhattacharya

August 08, 2023 | 2:15 pm

HNRA

HNR Acquisition Corp (HNRA) has announced its intention to extend the period for its initial business combination until September 15, 2023. This follows a deposit of $120,000 into trust by the Sponsor's designee. The company previously announced its intent to purchase all equity interests in Pogo Resources LLC and its subsidiaries, including the Grayburg- Jackson oil field in the Permian Basin.

Portfolio Pulse from Happy Mohamed

August 08, 2023 | 2:04 pm

AMGN

Amgen (NASDAQ:AMGN) has outperformed the market over the past 15 years, producing an average annual return of 9.9%. If an investor had bought $100 of AMGN stock 15 years ago, it would be worth $411.63 today.

Portfolio Pulse from Benzinga Insights

August 08, 2023 | 2:01 pm