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MDB

A significant amount of unusual options activity has been observed for MongoDB (NASDAQ:MDB), with a majority of investors taking a bullish stance. The price range targeted by these investors over the last 3 months is from $175.0 to $630.0. Currently, the price of MDB is up 2.75% at $422.93. JMP Securities and Keybanc have maintained their Outperform and Overweight ratings on MongoDB, respectively, with price targets of $425 and $462.

Portfolio Pulse from Benzinga Insights

July 31, 2023 | 6:32 pm

PSA

Public Storage (NYSE:PSA) has outperformed the market over the past 20 years, producing an average annual return of 10.71%. If an investor had bought $1000 of PSA stock 20 years ago, it would be worth $7,903.05 today.

Portfolio Pulse from Benzinga Insights

July 31, 2023 | 6:30 pm

PAYX

Paychex (NASDAQ:PAYX) has outperformed the market over the past 10 years by 1.54% on an annualized basis, producing an average annual return of 11.95%. If an investor had bought $100 of PAYX stock 10 years ago, it would be worth $309.18 today.

Portfolio Pulse from Benzinga Insights

July 31, 2023 | 6:30 pm

AAPL

INDA

Apple's main supplier, Foxconn Technology Group, is planning to invest $500 million to build two component factories in India, diversifying from China. At least one factory will produce Apple parts, including for iPhones. A formal announcement is expected this week.

Portfolio Pulse from Happy Mohamed

July 31, 2023 | 6:22 pm

FDX

A significant investor has taken a bullish stance on FedEx (NYSE:FDX), with 50% of the investors opening trades with bullish expectations and 50% with bearish. The trades include 7 puts, totaling $347,180, and 5 calls, totaling $157,985. The price target range for FedEx over the last 3 months has been $200.0 to $290.0. The price of FDX is up 0.14% at $269.23, and RSI indicators suggest the stock may be approaching overbought.

Portfolio Pulse from Benzinga Insights

July 31, 2023 | 6:15 pm

TEAM

A significant bearish stance has been taken on Atlassian (NASDAQ:TEAM) by a large investor, as indicated by unusual options activity. The overall sentiment of these big-money traders is split between 33% bullish and 66% bearish. Out of the special options, 10 are puts, for a total amount of $646,296, and 5 are calls, for a total amount of $167,950. The price of TEAM is up 4.48% at $182.01, with RSI indicators suggesting the stock may be approaching overbought. Next earnings are expected in 3 days.

Portfolio Pulse from Benzinga Insights

July 31, 2023 | 6:15 pm

BTCUSD

COIN

The U.S. Securities and Exchange Commission (SEC) has directed Coinbase (NASDAQ:COIN) to halt trading on all cryptocurrencies except Bitcoin (CRYPTO: BTC). The SEC recommended the delisting of over 200 tokens offered by the exchange, identifying 13 of them as securities. Experts argue that these actions could violate the SEC's mission of protecting investors and potentially trigger a market crash. However, some see a potential upside for Bitcoin.

Portfolio Pulse from Murtuza Merchant

July 31, 2023 | 6:04 pm

SGEN

Seagen (NASDAQ:SGEN) has produced an average annual return of 20.57% over the past 15 years, outperforming the market by 11.73% on an annualized basis. If an investor had bought $1000 of SGEN stock 15 years ago, it would be worth $16,903.25 today.

Portfolio Pulse from Benzinga Insights

July 31, 2023 | 6:00 pm

EL

Estee Lauder Cos (NYSE:EL) has outperformed the market over the past 20 years, producing an average annual return of 12.08%. If an investor had bought $100 of EL stock 20 years ago, it would be worth $998.78 today.

Portfolio Pulse from Benzinga Insights

July 31, 2023 | 6:00 pm

ETHUSD

On Sunday, 4,186.37 Ether (ETH) worth $7,792,095 was burned from Ethereum transactions. This follows the Ethereum blockchain's upgrade known as EIP-1159, which changed the fee model and burns a base fee from each transaction, permanently removing it from circulation. Ethereum is currently issuing new Ether at a rate of 4% per year, expected to decrease to around 0.5-1% with the Ethereum 2.0 upgrade. The net annualized issuance rate for Ether yesterday was -3.78%.

Portfolio Pulse from Benzinga Insights

July 31, 2023 | 6:00 pm