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BTCUSD

Arkham Intelligence has launched a crypto bounty program, offering rewards for identifying high-profile wallet addresses, including those of Elon Musk, Do Kwon, and Sam Bankman-Fried. The total bounty rewards amount to 204,250 ARKM, equivalent to approximately $134,600. The program has faced backlash due to concerns that it may be used to expose private information, but Arkham's leaders deny these claims.

Portfolio Pulse from Mehab Qureshi

July 19, 2023 | 4:04 am

BTCUSD

DOGEUSD

ETHUSD

Major cryptocurrencies including Bitcoin, Ethereum, and Dogecoin experienced a decline following the release of positive US retail sales data. The retail sales report for June showed a 0.2% increase, lower than the forecasted 0.5%. However, the retail sales 'control group' showed a 0.6% increase, surpassing expectations. Analysts predict that Dogecoin could potentially rally up to 157% mirroring XRP gains. The global crypto market capitalization stood at $1.21 trillion, a decrease of 0.34% over the last day.

Portfolio Pulse from Mehab Qureshi

July 19, 2023 | 2:54 am

WAL

Western Alliance's total deposits have increased by $3.5B QoQ to $51B. However, the net interest margin has decreased from 3.79% QoQ and 3.54% YoY to 3.42%.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2023 | 8:51 pm

BAC

Bank of America Corp (BAC) reported better-than-expected Q2 results with an 11% YoY increase in revenue to $25.33 billion and earnings of 88 cents per share. CEO Brian Moynihan stated that the bank's deposits remain stable and the consumer remains healthy. The bank saw an 8% increase in client balances in its global wealth and investment management business, and a 23% YoY increase in global transaction services revenue. However, average deposit balances declined 1% sequentially and 7% YoY to $1.9 trillion.

Portfolio Pulse from Adam Eckert

July 18, 2023 | 8:49 pm

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

TDS

VOX

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