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PFE

Pfizer's North Carolina plant has been severely damaged by a tornado, according to the company's CEO. The warehouse was almost completely destroyed and it will take weeks to restore power to the plant.

Portfolio Pulse from Happy Mohamed

July 21, 2023 | 6:29 pm

A significant investor has taken a bearish stance on Mastercard (NYSE:MA), with 61% of recent trades being bearish. The targeted price range for Mastercard over the last 3 months is $335.0 to $420.0. The current price of MA is $400.91, up 0.72%. Goldman Sachs maintains a Buy rating on Mastercard with a price target of $452, while Baird, Morgan Stanley, and Susquehanna have downgraded their actions with price targets of $435, $440, and $433 respectively.

Portfolio Pulse from Benzinga Insights

July 21, 2023 | 6:03 pm

ETHUSD

A total of 5,578.72 Ether (ETH) worth $10,579,992 was burned from Ethereum transactions on Thursday. This follows the implementation of the Ethereum improvement proposal EIP-1159, which changes 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, but this is expected to decrease to around 0.5-1% with the Ethereum 2.0 upgrade, potentially making ETH a deflationary currency.

Portfolio Pulse from Benzinga Insights

July 21, 2023 | 6:00 pm

JP Morgan analyst Kenneth B. Worthington has downgraded Blackstone Inc (BX) from Overweight to Neutral, while raising the price target to $111 from $102. Despite the downgrade, Worthington believes Blackstone remains a top-tier alternative asset manager, leveraging secular trends for better growth. He expects organic growth supported by perpetual fund growth, currently weighed down by a depressed sentiment for real estate investing. Blackstone's 2Q23 Distributable Earnings were in line with Street consensus, and its assets under management rose 6% Y/Y to $1.0 trillion. However, fee earning AUM declined slightly in the quarter, the first decline since 2Q18.

Portfolio Pulse from Nabaparna Bhattacharya

July 21, 2023 | 5:49 pm

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Benzinga's options activity scanner has identified significant options activity in the Financials sector. The stocks involved are Bank of America (BAC), 360 DigiTech (QFIN), Western Alliance Bancorporation (WAL), BGC Partners (BGC), LexinFintech Holdings (LX), The Blackstone Group (BX), Charles Schwab Corporation (SCHW), Goldman Sachs Group (GS), Discover Financial Services (DFS), and Morgan Stanley (MS). The options activity ranges from bearish to bullish sentiments, with varying expiration dates and strike prices.

Portfolio Pulse from Benzinga Insights

July 21, 2023 | 5:35 pm

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TSLA

The article reports on the options activity of 10 consumer discretionary stocks in today's session. The stocks include Tesla (TSLA), Rivian (RIVN), NIO Inc. (NIO), Ford (F), Airbnb (ABNB), Home Depot (HD), Goodyear Tire & Rubber (GT), Carvana (CVNA), Peloton (PTON), and AutoNation (AN). The article provides details on the type of options activity (put/call), trade type, sentiment, expiration date, strike price, total trade price, open interest, and volume for each stock.

Portfolio Pulse from Benzinga Insights

July 21, 2023 | 5:35 pm

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The U.S. Baker Hughes Oil Rig Count has decreased by 7 to 530, while the Gas Rig Count has dropped by 6 to 669.

Portfolio Pulse from Happy Mohamed

July 21, 2023 | 5:04 pm

ZTS

A significant bearish stance has been taken on Zoetis (NYSE:ZTS) by a large investor, as observed in the unusual options activity. The overall sentiment of these big-money traders is 30% bullish and 70% bearish. The whales have been targeting a price range from $170.0 to $200.0 for Zoetis over the last 3 months. The current price of ZTS is up 7.14% at $183.86, and the next earnings are expected to be released in 18 days.

Portfolio Pulse from Benzinga Insights

July 21, 2023 | 4:48 pm

CYH

Community Health Systems (CYH) has seen a significant increase in the volume of its August 18 $6 call options, with 1856 contracts traded at $0.15, compared to an open interest of 65 contracts. The company is set to announce its earnings on August 2, after market close. The reference price is $4.35.

Portfolio Pulse from Charles Gross

July 21, 2023 | 4:45 pm

JPM

JP Morgan Chase & Co. plans to expand its online bank Chase to Germany and other European Union countries. This move will increase competition for European rivals in a crowded market. The company entered the British market with a digital-only retail offering in 2021, marking its first foray outside the U.S.

Portfolio Pulse from Nabaparna Bhattacharya

July 21, 2023 | 4:44 pm