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LRCX

Unusual options activity has been observed for Lam Research (NASDAQ:LRCX), with a large position indicating a bullish stance. The options scanner at Benzinga spotted 18 uncommon trades, split 50% bullish and 50% bearish. The whales have been targeting a price range from $300.0 to $760.0 for Lam Research over the last 3 months. Stifel, Citigroup, and Mizuho have all maintained a 'Buy' rating on Lam Research.

Portfolio Pulse from Benzinga Insights

July 25, 2023 | 4:31 pm

AI

There has been a significant option alert for C3.ai with Sep 15 $45 calls sweep near the ask, involving 161 contracts at $4.6 each, compared to an open interest of 1189. The company is expected to announce earnings on August 30 after market close. The reference price is $40.02.

Portfolio Pulse from Charles Gross

July 25, 2023 | 4:30 pm

LRCX

Lam Research (NASDAQ:LRCX) has outperformed the market over the past 20 years, producing an average annual return of 18.55%. If an investor had bought $1000 of LRCX stock 20 years ago, it would be worth $29,916.48 today.

Portfolio Pulse from Benzinga Insights

July 25, 2023 | 4:30 pm

AZO

AutoZone (NYSE:AZO) has outperformed the market over the past 15 years, producing an average annual return of 21.72%. If an investor had bought $100 of AZO stock 15 years ago, it would be worth $1,911.49 today. The company currently has a market capitalization of $45.47 billion.

Portfolio Pulse from Benzinga Insights

July 25, 2023 | 4:30 pm

GLD

IWF

TLT

UUP

VIXY

Investors are awaiting the Federal Open Market Committee (FOMC) meeting’s interest rate decision, which is expected to have a significant impact on the market. The market has already priced in a 25-basis-point rate hike. A hawkish attitude from Fed Chair Jerome Powell would likely catch markets off guard, while a dovish stance might solidify existing market expectations. Five major ETFs that are likely to see significant activity in reaction to the Fed interest rate decision are Invesco DB USD Index Bullish Fund ETF (UUP), iShares 20+ Year Treasury Bond ETF (TLT), SPDR Gold Trust (GLD), iShares Russell 1000 Growth ETF (IWF), and ProShares Trust VIX Short-Term Futures ETF (VIXY).

Portfolio Pulse from Piero Cingari

July 25, 2023 | 4:20 pm

MRNA

A significant amount of unusual options activity has been detected for Moderna (NASDAQ:MRNA), with a majority of investors taking a bullish stance. Of the 11 strange trades detected, 54% were bullish and 45% were bearish. The total amount for puts was $522,180 and for calls was $188,460. Whales have been targeting a price range from $100.0 to $250.0 for Moderna over the last 3 months.

Portfolio Pulse from Benzinga Insights

July 25, 2023 | 4:16 pm

DDOG

An option alert has been issued for Datadog (DDOG) for August 18 $135 calls. The alert indicates 1000 contracts were bought at the ask price of $2.29, compared to an open interest of 152 contracts. This occurred before the company's earnings announcement on August 8, with the reference price at $117.46.

Portfolio Pulse from Charles Gross

July 25, 2023 | 4:10 pm

JNJ

A significant bearish stance has been taken on Johnson & Johnson (JNJ) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is split, with 41% bullish and 58% bearish. The whales have been targeting a price range from $160.0 to $175.0 for JNJ over the last 3 months. The current price of JNJ is $171.44, up 0.21%. Analysts from Morgan Stanley, Cantor Fitzgerald, JP Morgan, and Credit Suisse have given various ratings and price targets for JNJ.

Portfolio Pulse from Benzinga Insights

July 25, 2023 | 4:01 pm

MCO

Moody's (NYSE:MCO) has outperformed the market over the past 15 years, producing an average annual return of 16.7%. If an investor had bought $1000 of MCO stock 15 years ago, it would be worth $9,894.88 today. Moody's currently has a market capitalization of $65.64 billion.

Portfolio Pulse from Benzinga Insights

July 25, 2023 | 4:00 pm

XLV

XLY

U.S. consumer confidence has reached its highest level since July 2021, driven by a strong job market and decreasing inflation. The Consumer Confidence Index rose to 117 in July, up from 110.1 in June. However, consumers' belief in the likelihood of a recession within the next 12 months increased slightly from 69.9% in June to 70.6%. The Consumer Discretionary Select Sector SPDR Fund (NYSE:XLY) and the Health Care Select Sector SPDR Fund (NYSE:XLV) could benefit from consumers’ indicated spending intentions.

Portfolio Pulse from AJ Fabino

July 25, 2023 | 3:50 pm