Streetbeat News

Assets

DE

A significant bearish stance has been taken on Deere (NYSE:DE) as indicated by unusual options activity. The overall sentiment of these big-money traders is split between 45% bullish and 54% bearish. Whales have been targeting a price range from $350.0 to $460.0 for Deere over the last 3 months. DA Davidson and Citigroup have maintained their Buy rating on Deere, with price targets of $510 and $475 respectively.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 9:53 am

LRCX

A significant amount of unusual options activity has been observed for Lam Research (NASDAQ:LRCX), with a majority of investors taking a bullish stance. The trades range from $440.0 to $750.0, with a total of 4 puts and 8 calls. The current price of LRCX is $718.24, with a neutral RSI indicator. Several financial institutions, including Citigroup, JP Morgan, Barclays, Mizuho, and Morgan Stanley, have maintained their positive ratings on Lam Research.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 9:51 am

CCJ

An option alert has been issued for Cameco (CCJ) for Friday $36 calls at the ask price of $0.34. The volume of these options is 10,000, significantly higher than the open interest of 1,688. The reference price is $34.375.

Portfolio Pulse from Charles Gross

August 04, 2023 | 9:51 am

EWJ

Japan is building a supply chain for electric vehicle (EV) battery minerals in Africa, according to Nikkei. This move is aimed at reducing Japan's reliance on China for these critical resources. The report did not mention any specific companies involved in this initiative.

Portfolio Pulse from Charles Gross

August 04, 2023 | 9:51 am

AWKNF

Awakn Life Sciences Corp. (OTCQB:AWKNF) has sold its Norwegian clinics businesses as part of its business restructuring process. The company will receive a fee for the acquisition and a share of the clinics’ revenue on an ongoing basis. This marks Awakn’s exit from healthcare services and allows the company to focus on its biotech research and development programs around addiction therapeutics. Its lead program AWKN-P001 is expected to enter the Phase 3 clinical stage in the UK within this year’s fourth quarter.

Portfolio Pulse from Lara Goldstein

August 04, 2023 | 9:51 am

AMD

NVDA

The demand for GPUs is increasing, with prices reaching $70,000 per GPU in some parts of China. AI industry players are buying up GPUs that were intended for home desktop PC rigs. The first evidence of this comes from George Hotz, founder of Comma AI, who tweeted about buying gaming GPUs directly from AMD. The rise of AI is impacting the supply of compute-focused GPUs, and it remains to be seen how this demand will affect gaming GPUs.

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 9:50 am

AMT

American Tower (NYSE:AMT) has outperformed the market over the past 15 years by 1.8% on an annualized basis, producing an average annual return of 10.59%. If an investor had bought $1000 of AMT stock 15 years ago, it would be worth $4,636.45 today.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 9:49 am

UNP

Union Pacific (NYSE:UNP) has outperformed the market over the past 20 years by 6.53% on an annualized basis, producing an average annual return of 14.5%. If an investor had bought $1000 of UNP stock 20 years ago, it would be worth $15,109.61 today.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 9:48 am

AMD

Advanced Micro Devices (AMD) has seen a sweep of 440 calls for August 18 at $150, near the ask price. The reference price is $116.93. The open interest for this option is 8545.

Portfolio Pulse from Charles Gross

August 04, 2023 | 9:45 am

ADBE

A significant bullish stance on Adobe (NASDAQ:ADBE) has been observed through unusual options activity. The sentiment among these big-money traders is split between 58% bullish and 41% bearish. The whales have been targeting a price range from $400.0 to $560.0 for Adobe over the last 3 months. Morgan Stanley has upgraded its action to Overweight with a price target of $660.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 9:43 am