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CSCO

A large investor has taken a bearish stance on Cisco Systems (NASDAQ:CSCO), with 18 uncommon options trades spotted for the company. The sentiment of these big-money traders is split between 44% bullish and 55% bearish. The whales have been targeting a price range from $47.5 to $65.0 for Cisco Systems over the last 3 months. B of A Securities and Citigroup have both downgraded their action to Neutral with price targets of $56 and $54 respectively.

Portfolio Pulse from Benzinga Insights

July 13, 2023 | 6:21 pm

USO

Libya's Sharara oil field is set to halt operations due to protests, according to Reuters. This could potentially impact the global oil supply and prices.

Portfolio Pulse from Benzinga Newsdesk

July 13, 2023 | 6:14 pm

ROK

Rockwell Automation (NYSE:ROK) has outperformed the market over the past 20 years by 5.96% on an annualized basis, producing an average annual return of 13.8%. If an investor had bought $1000 of ROK stock 20 years ago, it would be worth $13,907.10 today.

Portfolio Pulse from Benzinga Insights

July 13, 2023 | 6:01 pm

CMG

Chipotle Mexican Grill (NYSE:CMG) has outperformed the market over the past 5 years, producing an average annual return of 35.46%. If an investor had bought $100 of CMG stock 5 years ago, it would be worth $456.81 today.

Portfolio Pulse from Benzinga Insights

July 13, 2023 | 6:00 pm

ETHUSD

On Wednesday, 5,729.17 Ether (ETH) worth $11,346,224 was burned from Ethereum transactions. This is a result of the Ethereum blockchain's EIP-1159 upgrade, 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 13, 2023 | 6:00 pm

BTCUSD

ETHUSD

XRPUSD

Gemini, a cryptocurrency exchange, is considering the listing of XRP for both spot and derivatives trading. This could potentially increase the liquidity and trading volume of XRP.

Portfolio Pulse from Benzinga Newsdesk

July 13, 2023 | 5:59 pm

NSTG

Polar Capital Holdings Plc has increased its stake in Nanostring Technologies, Inc. to 8.1%, according to an amended Form 13G filed with the SEC.

Portfolio Pulse from Benzinga Newsdesk

July 13, 2023 | 5:46 pm

NTR

Nutrien Inc.'s shares have fallen by 18.05% in the past three months. The company's total debt stands at $10.72 billion, with $8.04 billion in long-term debt and $2.68 billion in current debt. After adjusting for $901.00 million in cash-equivalents, the net debt is $9.82 billion. The debt-ratio, considering Nutrien's $54.59 billion in total assets, is at 0.2. Debt is a crucial factor in a company's capital structure and can impact its growth and cash-flow.

Portfolio Pulse from Benzinga Insights

July 13, 2023 | 5:45 pm

AXP

BLK

CINF

COIN

JPM

PACW

USB

The article reports on the recent options activity in the financial sector. Notable transactions include a neutral call option sweep for COIN, a bearish put option trade for C, a bullish call option sweep for JPM, a bullish call option trade for PACW, a bullish put option sweep for GS, a bearish call option trade for AXP, a bullish call option trade for USB, a bearish call option trade for CINF, a bearish call option trade for BLK, and a bullish call option trade for BX.

Portfolio Pulse from Benzinga Insights

July 13, 2023 | 5:39 pm

ABNB

CVNA

DKNG

FTCH

RIVN

TSLA

VSCO

VSTO

Benzinga's options activity scanner has identified significant trading activity in the options of 10 consumer discretionary stocks. The stocks include Tesla (TSLA), Rivian (RIVN), Carvana (CVNA), Ford (F), Vista Outdoor (VSTO), Victoria's Secret (VSCO), General Motors (GM), Airbnb (ABNB), DraftKings (DKNG), and Farfetch (FTCH). The options activity includes both call and put options, with varying sentiments and expiration dates.

Portfolio Pulse from Benzinga Insights

July 13, 2023 | 5:39 pm