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Assets

BAC

A large investor has taken a bearish stance on Bank of America (NYSE:BAC), as evidenced by a significant position in options. The overall sentiment of these big-money traders is split between 33% bullish and 66% bearish. The whales have been targeting a price range from $20.0 to $42.0 for Bank of America over the last 3 months. RBC Capital has downgraded its action to Outperform with a price target of $35, while Citigroup maintains a Neutral rating with a price target of $31.

Portfolio Pulse from Benzinga Insights

July 05, 2023 | 3:33 pm

FXI

STLA

Stellantis CEO has stated that it is up to the European Union to find a solution with China on the Gallium issue. This comes amid concerns over the supply of the metal, which is crucial for the production of semiconductors.

Portfolio Pulse from Happy Mohamed

July 05, 2023 | 3:33 pm

MSFT

A significant investor has taken a bullish stance on Microsoft (NASDAQ:MSFT), with 50% of investors opening trades with bullish expectations and 50% with bearish. The total amount for puts is $775,175 and for calls is $2,167,920. Whales have been targeting a price range from $245.0 to $445.0 for Microsoft over the last 3 months. The price of MSFT is up 0.81% at $340.73. JP Morgan, CFRA, Mizuho, and BMO Capital maintain positive ratings on Microsoft, while Wedbush downgraded its action to Outperform.

Portfolio Pulse from Benzinga Insights

July 05, 2023 | 3:17 pm

GOOGL

A significant amount of unusual options activity has been observed for Alphabet (NASDAQ:GOOGL), with a bearish stance being taken by a majority of investors. Of the 23 strange trades detected, 60% were bearish and 39% bullish. The total amount for puts was $375,769 and for calls was $2,613,563. Whales have been targeting a price range from $80.0 to $160.0 for Alphabet over the last 3 months. The current price of GOOGL is up 1.74% at $121.98. Several experts have given their ratings and price targets for Alphabet.

Portfolio Pulse from Benzinga Insights

July 05, 2023 | 3:17 pm

SOLUSD

Solana's (CRYPTO: SOL) price has decreased by 3.58% over the past 24 hours to $18.81, contrary to its performance over the past week where it has experienced an up-trend of 15.0%. The trading volume for the coin has risen 13.0% over the past week, while the circulating supply has decreased 0.05% to 401.31 million. The current market cap ranking for SOL is #10 at $7.53 billion.

Portfolio Pulse from Benzinga Insights

July 05, 2023 | 3:01 pm

DOTUSD

Polkadot's (CRYPTO: DOT) price has decreased by 5.34% over the past 24 hours to $5.2, contrary to its performance over the past week where it experienced an up-trend of 4.0%. The trading volume for the coin has increased by 45.0% over the past week, while the overall circulating supply of the coin has decreased by 0.07%. The current market cap ranking for DOT is #13 at $6.49 billion.

Portfolio Pulse from Benzinga Insights

July 05, 2023 | 3:00 pm

LTCUSD

Litecoin's (CRYPTO: LTC) price has decreased by 4.84% over the past 24 hours to $102.6, despite an overall uptrend of 20.0% over the past week. The trading volume for the coin has increased by 263.0% over the past week, while the circulating supply has decreased by 0.32% to 73.30 million, which is 87.26% of its max supply. The current market cap ranking for LTC is #11 at $7.52 billion.

Portfolio Pulse from Benzinga Insights

July 05, 2023 | 3:00 pm

AMZN

MSFT

NVDA

QRVO

SMH

SWKS

WOLF

The article discusses the current positioning of the semiconductor sector, highlighting the VanEck Semiconductor ETF (SMH). It also mentions the impact of China's restrictions on the export of critical metals like gallium and germanium, which are essential for semiconductor, electric vehicle, solar, defense, and automotive applications. This could negatively affect US semiconductor companies like Skyworks Solutions (SWKS), Qorvo (QRVO), and Wolfspeed (WOLF). The article also mentions a $2B deposit from Renesas Electronics Corp (RNECF) to Wolfspeed for a 10-year silicon carbide supply agreement. Furthermore, the US plans to restrict cloud companies from providing certain infrastructure to Chinese companies, which could negatively impact Microsoft (MSFT), Amazon (AMZN), and Nvidia (NVDA).

Portfolio Pulse from The Arora Report

July 05, 2023 | 2:58 pm

AAPL

A large investor has taken a bullish stance on Apple (NASDAQ:AAPL), with 27 uncommon options trades spotted for the company. The sentiment of these big-money traders is split between 59% bullish and 40% bearish. The whales have been targeting a price range from $135.0 to $250.0 for Apple over the last 3 months. The price of AAPL is down -0.07% at $192.33. Several experts have downgraded their ratings on Apple, with price targets ranging from $175 to $240.

Portfolio Pulse from Benzinga Insights

July 05, 2023 | 2:47 pm

LSDI

Lucy Scientific Discovery Inc. (NASDAQ:LSDI) has acquired Wesana Health Inc.'s SANA-013 assets, a therapy being developed for several mental health and central nervous system related conditions. Lucy Scientific also announced the formation of Lucy Discoveries Holdings, a new entity that will focus on psychedelic medicine research and development.

Portfolio Pulse from Vuk Zdinjak

July 05, 2023 | 2:30 pm