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The Pentagon has announced that the U.S. will send additional F-35 and F-16 jets, along with a warship, to the Middle East to defend U.S. interests and safeguard freedom of navigation. This could potentially increase demand for products from defense contractors such as Lockheed Martin (LMT), General Dynamics (GD), and Raytheon Technologies (RTX).

Portfolio Pulse from Benzinga Newsdesk

July 17, 2023 | 6:12 pm

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USO

The U.S. Energy Information Administration (EIA) has projected that total shale oil production in the U.S. will decrease by approximately 18,000 barrels per day in August, reaching 9.399 million barrels per day. This is a significant shift from the 5,900 barrels per day increase observed in July.

Portfolio Pulse from Happy Mohamed

July 17, 2023 | 6:06 pm

TSLA

Tesla plans to double the size of its factory near Berlin, aiming to produce up to one million electric cars a year. This could make it the largest auto manufacturing facility in Germany. The company has applied for approval to expand its existing factory in Brandenburg to increase production capacity for vehicles and batteries. Tesla's Model Y and Model 3 were the bestselling all-electric vehicles in Europe in the first quarter, outpacing Volkswagen's ID.3 and ID.4. However, the expansion plan could face resistance due to environmental concerns.

Portfolio Pulse from Happy Mohamed

July 17, 2023 | 6:03 pm

General Dynamics (NYSE:GD) has outperformed the market over the past 20 years, producing an average annual return of 8.94%. If an investor had bought $100 of GD stock 20 years ago, it would be worth $550.39 today. The company currently has a market capitalization of $59.50 billion.

Portfolio Pulse from Benzinga Insights

July 17, 2023 | 6:01 pm

BDX

Becton, Dickinson (NYSE:BDX) has outperformed the market over the past 20 years, producing an average annual return of 10.33%. If an investor had bought $1000 of BDX stock 20 years ago, it would be worth $6,827.23 today.

Portfolio Pulse from Benzinga Insights

July 17, 2023 | 6:01 pm

ETHUSD

A total of 3,304.32 Ether (ETH) worth $6,274,266 was burned from Ethereum transactions on Sunday. This follows the Ethereum blockchain's upgrade known as EIP-1159, which changed 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, expected to decrease to around 0.5-1% with the Ethereum 2.0 upgrade. The net annualized issuance rate for Ether was -2.27% yesterday.

Portfolio Pulse from Benzinga Insights

July 17, 2023 | 6:00 pm

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Benzinga's options activity scanner has identified unusual options activity in the financial sector. The stocks with notable options activity include Robinhood (HOOD), Bank of America (BAC), Wells Fargo (WFC), Blackstone (BX), Coinbase (COIN), SoFi (SOFI), Synchrony Financial (SYF), Morgan Stanley (MS), Upstart (UPST), and PNC Financial Services (PNC). The activity includes both bullish and bearish sentiments.

Portfolio Pulse from Benzinga Insights

July 17, 2023 | 5:35 pm

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Benzinga's options activity scanner has identified unusual options activity in the Consumer Discretionary sector. Notable stocks include Tesla (TSLA), Ford (F), Li Auto (LI), Airbnb (ABNB), Texas Roadhouse (TXRH), McDonald's (MCD), Overstock.com (OSTK), Toll Brothers (TOL), Mattel (MAT), and Starbucks (SBUX). The activity includes both bullish and bearish sentiments.

Portfolio Pulse from Benzinga Insights

July 17, 2023 | 5:35 pm

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Benzinga's options activity scanner has identified significant trading activity in the options of 10 information technology stocks. The stocks include NVDA, RIOT, ENPH, PLTR, AAPL, TWLO, AVGO, QCOM, IONQ, and AMAT. The options activity ranges from bullish to neutral sentiment, with varying expiration dates and strike prices.

Portfolio Pulse from Benzinga Insights

July 17, 2023 | 5:35 pm

DDOG

A significant investor has taken a bearish stance on Datadog (NASDAQ:DDOG), with 66% of the spotted trades being bearish. The whales have been targeting a price range from $55.0 to $175.0 for Datadog over the last 3 months. The price of DDOG is up 3.77% at $112.62. Oppenheimer has maintained their Outperform rating on Datadog, with a price target of $120.

Portfolio Pulse from Benzinga Insights

July 17, 2023 | 5:32 pm