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ENVX

Enovix Corporation has established a research and design center in India. This move is expected to expand the company's global footprint and enhance its research and development capabilities.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 8:50 pm

ENVX

Enovix has signed a manufacturing agreement with YBS International Berhad for Fab2 in Malaysia. The deal also secures $70M of non-dilutive funding for Enovix.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 8:48 pm

ORCL

A significant bullish stance has been taken on Oracle (NYSE:ORCL) by a large investor, as indicated by unusual options activity. The overall sentiment of these big-money traders is split between 55% bullish and 44% bearish. The whales have been targeting a price range from $90.0 to $140.0 for Oracle over the last 3 months. The price of ORCL is currently down -2.08% at $115.5.

Portfolio Pulse from Benzinga Insights

July 26, 2023 | 8:47 pm

LHX

L3Harris Technologies is considering the sale of non-core assets to speed up its near-term focus on debt repayment, according to Reuters.

Portfolio Pulse from Bill Haddad

July 26, 2023 | 8:34 pm

AIU

AMD

ARE

BBDO

BRKR

DIA

GLD

IWM

PARAA

SIRI

SNAP

TDY

UUP

The Federal Reserve has increased interest rates by 0.25 percentage points, leading to a mixed reaction in the stock market. Some stocks, including Meta Data Ltd., Snap, Inc., Alexandria Real Estate Equities, Inc., Bruker Corp., and Paramount Corp., saw gains, while others, such as Sirius XM Holdings Inc., Teledyne Technologies Inc., Cigna Group, Advanced Micro Devices, Inc., and Bank Bradesco SA, experienced losses. Major ETFs, including the SPDR Dow Jones Industrial Average ETF, the iShares Russell 2000 ETF, the SPDR Gold Trust, and the Invesco DB USD Index Bullish Fund ETF, also reacted to the news.

Portfolio Pulse from Piero Cingari

July 26, 2023 | 8:32 pm

HON

A significant bearish stance has been taken on Honeywell Intl (NASDAQ:HON) by a large investor or institution, as indicated by unusual options activity. The sentiment among these big-money traders is 25% bullish and 75% bearish. The whales have been targeting a price range from $195.0 to $220.0 for Honeywell Intl over the last 3 months. The price of HON is currently down -0.68% at $208.26.

Portfolio Pulse from Benzinga Insights

July 26, 2023 | 8:16 pm

UNP

A significant bearish stance has been taken on Union Pacific (NYSE:UNP) by a large investor or institution, as indicated by a large position in publicly available options history. The overall sentiment of these big-money traders is split between 32% bullish and 68% bearish. The whales have been targeting a price range from $120.0 to $285.0 for Union Pacific over the last 3 months. The current price of UNP is up 9.77% at $236.6. Various financial institutions have maintained their ratings on Union Pacific with price targets ranging from $168 to $282.

Portfolio Pulse from Benzinga Insights

July 26, 2023 | 8:00 pm

Canadian Pacific Kansas (NYSE:CP) has outperformed the market over the past 10 years by 2.46% on an annualized basis, producing an average annual return of 12.9%. If an investor had bought $100 of CP stock 10 years ago, it would be worth $331.05 today.

Portfolio Pulse from Benzinga Insights

July 26, 2023 | 8:00 pm

MPC

Marathon Petroleum (NYSE:MPC) has outperformed the market over the past 10 years, producing an average annual return of 13.56%. If an investor had bought $100 of MPC stock 10 years ago, it would be worth $360.52 today.

Portfolio Pulse from Benzinga Insights

July 26, 2023 | 8:00 pm

GLD

SPY

The Federal Reserve has raised interest rates by 25 basis points, the highest level since February 2001, as part of its efforts to bring inflation to a 2% objective. Fed Chair Jerome Powell stated that the full impact of policy tightening is yet to be experienced and that the Fed will maintain a data-dependent approach. Powell also expressed concern over the core inflation rate in June, at 4.8%, significantly above the Fed’s mandate. The stock market erased post-Fed statement gains, with the SPDR S&P 500 ETF Trust (NYSE:SPY) dropping 0.4% during the session and the SPDR Gold Trust ETF (NYSE:GLD) rising by 0.5% for the session.

Portfolio Pulse from Piero Cingari

July 26, 2023 | 7:43 pm