Streetbeat News

Assets

MELI

A significant bearish stance has been taken on MercadoLibre (NASDAQ:MELI) as indicated by unusual options activity. The sentiment among big-money traders is split between 43% bullish and 56% bearish. Whales have been targeting a price range from $1000.0 to $1260.0 for MercadoLibre over the last 3 months. B of A Securities downgraded its action to Neutral with a price target of $1350 while Jefferies maintained their Hold rating with a price target of $1300.

Portfolio Pulse from Benzinga Insights

July 28, 2023 | 2:47 pm

VALE

A significant amount of unusual options activity has been observed for Vale (NYSE:VALE), indicating a bullish stance by a large investor or institution. The overall sentiment of these big-money traders is split between 56% bullish and 43% bearish. The price target for Vale over the last 3 months has been between $10.0 to $20.0. Wolfe Research upgraded its action to Outperform with a price target of $17, while RBC Capital downgraded its action to Outperform with a price target of $15.

Portfolio Pulse from Benzinga Insights

July 28, 2023 | 2:46 pm

ROSN.MM

SPY

VGK

The Russian military reported shooting down a Ukrainian missile over the city of Taganrog, causing injuries and damage to buildings. Separately, an explosion occurred at a Rosneft-owned oil refinery in Samara, believed to be caused by a bomb. No serious damage or casualties were reported at the refinery. A suspect has been detained.

Portfolio Pulse from Happy Mohamed

July 28, 2023 | 2:45 pm

MANU

A Twitter account named Centredevils, which focuses on Manchester United (MANU) news, has tweeted about expected developments on the sale of the club when the team returns from the US. This news has led to a rise in the volume of shares traded.

Portfolio Pulse from Happy Mohamed

July 28, 2023 | 2:40 pm

LRCX

A significant number of investors have taken a bearish stance on Lam Research (NASDAQ:LRCX), with 57% of detected trades being bearish. The targeted price range for Lam Research over the last 3 months is from $380.0 to $840.0. The current price of LRCX is up 2.49% at $719.45. Analysts from JP Morgan, Citigroup, Stifel, and Barclays have maintained their ratings on Lam Research, with price targets ranging from $600 to $800.

Portfolio Pulse from Benzinga Insights

July 28, 2023 | 2:31 pm

ORCL

Over the past 10 years, Oracle (NYSE:ORCL) has outperformed the market by 3.19% on an annualized basis, producing an average annual return of 13.53%. If an investor had bought $1000 of ORCL stock 10 years ago, it would be worth $3,602.71 today.

Portfolio Pulse from Benzinga Insights

July 28, 2023 | 2:30 pm

ABBV

AbbVie (NYSE:ABBV) has outperformed the market over the past 10 years, producing an average annual return of 12.73%. If an investor had bought $100 of ABBV stock 10 years ago, it would be worth $329.82 today. The company currently has a market capitalization of $264.52 billion.

Portfolio Pulse from Benzinga Insights

July 28, 2023 | 2:30 pm

BTCUSD

ETHUSD

MKRUSD

OPUSD

PEPEUSD

SNXUSD

Bitcoin and Ethereum experienced a drop in their prices, trading above $29,200 and below $1,900 respectively. The global crypto market cap also fell to $1.18 trillion, a 24-hour decline of 0.5%. Synthetix and Pepe were among the biggest losers in the crypto market, while Immutable was the top gainer.

Portfolio Pulse from Lisa Levin

July 28, 2023 | 2:07 pm

SPY

USO

VGK

An explosion has been reported at an oil refinery in Russia's Samara, according to a local parliamentary deputy. The impact on global oil prices and related assets is yet to be determined.

Portfolio Pulse from Happy Mohamed

July 28, 2023 | 2:03 pm

TTD

Trade Desk (NASDAQ:TTD) has outperformed the market over the past 5 years by 50.28% on an annualized basis, producing an average annual return of 60.41%. If an investor had bought $100 of TTD stock 5 years ago, it would be worth $1,041.71 today.

Portfolio Pulse from Benzinga Insights

July 28, 2023 | 2:00 pm