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JNJ

A significant amount of unusual options activity has been detected for Johnson & Johnson (NYSE:JNJ), with a bearish stance being taken by a majority of investors. Of the 11 strange trades detected, 63% were bearish and 36% were bullish. The total amount for puts was $334,900 and for calls was $273,427. Whales have been targeting a price range from $150.0 to $175.0 for Johnson & Johnson over the last 3 months. Morgan Stanley maintained their Equal-Weight rating on Johnson & Johnson with a price target of $187, while Cantor Fitzgerald downgraded its action to Overweight with a price target of $215.

Portfolio Pulse from Benzinga Insights

July 18, 2023 | 8:45 pm

FYBR

IXP

IYZ

RSPC

T

TDS

VOX

VZ

XTL

The US telecommunications industry is under pressure following a Wall Street Journal investigation revealing that telecom companies, including AT&T, Verizon, Telephone and Data Systems, and Frontier Communications Parent, neglected over 2,000 decaying lead-containing cables. The news led to a significant drop in the stocks of these companies. The companies defended their practices and are taking steps to address the issue. Five ETFs with high exposure to these telecom stocks are also affected.

Portfolio Pulse from Piero Cingari

July 18, 2023 | 8:36 pm

SPY

USO

The American Petroleum Institute (API) reported a weekly crude oil stock decrease of 0.797 million barrels, which is less than the estimated decrease of 2.25 million barrels. The prior week's decrease was 3.026 million barrels.

Portfolio Pulse from Happy Mohamed

July 18, 2023 | 8:36 pm

NUE

A significant bearish stance has been taken on Nucor (NYSE:NUE) by a large investor, as observed from publicly available options history. The overall sentiment of these big-money traders is 30% bullish and 70% bearish. Whales have been targeting a price range from $150.0 to $210.0 for Nucor over the last 3 months. The price of NUE is up 2.3% at $171.28. Exane BNP Paribas upgraded its action to Outperform with a price target of $191, Morgan Stanley downgraded its action to Equal-Weight with a price target of $148, and Credit Suisse maintained their Outperform rating on Nucor with a price target of $167.

Portfolio Pulse from Benzinga Insights

July 18, 2023 | 8:31 pm

PLTR

A significant amount of unusual options activity has been observed for Palantir Technologies (NYSE:PLTR), indicating a bullish stance by a large investor or institution. The activity includes 71 uncommon options trades, with a split sentiment of 50% bullish and 49% bearish. The targeted price range for Palantir over the last 3 months is from $7.0 to $26.0. The price of PLTR is currently up 3.88% at $18.07. Raymond James has downgraded its action to Outperform with a price target of $18.

Portfolio Pulse from Benzinga Insights

July 18, 2023 | 8:30 pm

LILM

Lilium N.V. (NASDAQ:LILM), a developer of the first all-electric vertical take-off and landing jet, has successfully raised $192 million in capital. The round included participation from German technology investors Earlybird Venture Capital, BIT Capital, UVC Partners, and Frank Thelen, among others. This funding, along with $100 million raised earlier in May, will enable Lilium to continue its development program, with the first manned flight of the type-conforming aircraft expected in the second half of 2024.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2023 | 8:14 pm

BSM

Black Stone Minerals (BSM) and Longroad Energy have signed an exclusive, multi-state mineral rights agreement. The agreement provides Longroad with exclusive access to several thousand Black Stone acres across 12 states for potential large-scale solar development, while preserving Black Stone's ability to co-develop its mineral and subsurface rights.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2023 | 8:11 pm

BIDU

Shares of Baidu Inc (NASDAQ:BIDU) are trading lower by 3.6% amid concerns over slow economic growth in China. China's GDP growth rate fell short of economists' predictions, and weak consumer spending threatens to drag the economy into a deflationary trap. Baidu has a 52-week high of $160.88 and a 52-week low of $73.58.

Portfolio Pulse from Henry Khederian

July 18, 2023 | 7:39 pm

TOST

Shares of Toast Inc. (TOST) are trading higher after Josh Brown from Ritholtz Wealth Management purchased more of the company's stock.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2023 | 7:33 pm

ABBV

Over the past 10 years, AbbVie (NYSE:ABBV) has outperformed the market by 1.5% on an annualized basis, producing an average annual return of 11.89%. If an investor had bought $1000 of ABBV stock 10 years ago, it would be worth $3,031.58 today.

Portfolio Pulse from Benzinga Insights

July 18, 2023 | 7:30 pm