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RIG

Transocean Ltd. (RIG) shares continue to rise, marking an upward trend over the last five trading sessions. The stock has seen a volatile June, with a 14% increase over the last 30 days. The company recently announced a $184 million award for the Transocean Equinox in Australia, which could extend its operations there until 2028. RIG is popular among retail investors and is a top trending ticker on StockTwits. Over 19.9% of available shares are being sold short.

Portfolio Pulse from Erica Kollmann

July 03, 2023 | 2:41 pm

STLA

Stellantis plans to invest in a new 'Green-Campus' in Mirafiori, Italy. The facility is set to become the next Stellantis Green-Campus location, aiming to create a carbon-neutral workplace by 2025.

Portfolio Pulse from Happy Mohamed

July 03, 2023 | 2:41 pm

AZN

A significant bullish stance has been taken on AstraZeneca (NASDAQ:AZN) as indicated by unusual options activity. A total of 46 options trades were spotted, with 63% bullish and 36% bearish sentiment. The majority of these trades were puts, with a total amount of $2,823,650, and one call for $33,550. The targeted price range for AstraZeneca over the last 3 months has been between $35.0 to $72.5. The current price of AZN is down 7.2% at $66.42.

Portfolio Pulse from Benzinga Insights

July 03, 2023 | 2:31 pm

GOOGL

Unusual options activity has been observed for Alphabet (NASDAQ:GOOGL), with a bearish stance taken by a large investor. Benzinga's options scanner spotted 12 options trades for Alphabet, with 16% bullish and 83% bearish sentiment. The whales have been targeting a price range from $120.0 to $135.0 for Alphabet over the last 3 months. Several financial institutions have given their ratings on Alphabet, with B of A Securities maintaining a Buy rating and a price target of $128, while others have downgraded their actions.

Portfolio Pulse from Benzinga Insights

July 03, 2023 | 2:31 pm

SPY

UUP

US manufacturing activity fell for the eighth consecutive month in June, marking the lowest level since May 2020, according to the latest ISM report. The manufacturing PMI was 46 in June, down from 46.9 in May. The S&P Global manufacturing PMI for June was confirmed at 46.3, indicating the sector's biggest contraction since December. Traders lowered their expectations for a September rate hike to 18%, down from 20%. The Invesco DB USD Index Bullish Fund ETF (UUP) eased by 0.1% after the release, while the SPDR S&P 500 ETF Trust (SPY) was up 0.15%.

Portfolio Pulse from Piero Cingari

July 03, 2023 | 2:26 pm

SNOW

A significant investor has taken a bullish stance on Snowflake (NYSE:SNOW), with 60% of recent trades being bullish and 40% bearish. The total amount for puts is $107,370 and for calls is $361,948. Whales have been targeting a price range from $165.0 to $195.0 for Snowflake over the last 3 months. The current price of SNOW is $176.72, up 0.42%. Analysts from Needham, JP Morgan, Truist Securities, JMP Securities, and Wedbush have given their ratings and price targets.

Portfolio Pulse from Benzinga Insights

July 03, 2023 | 2:18 pm

CLSK

CleanSpark has reported a 170% quarter-over-quarter increase in its bitcoin holdings in its June 2023 Bitcoin mining update. This news has led to a rise in the company's share prices.

Portfolio Pulse from Benzinga Newsdesk

July 03, 2023 | 2:14 pm

SPY

USA Construction Spending for May increased by 0.9%, surpassing the estimated 0.5% and the prior 0.4%.

Portfolio Pulse from Benzinga Newsdesk

July 03, 2023 | 2:01 pm

TROW

T. Rowe Price Gr (NASDAQ:TROW) has outperformed the market over the past 20 years, producing an average annual return of 9.08%. If an investor had bought $100 of TROW stock 20 years ago, it would be worth $554.79 today.

Portfolio Pulse from Benzinga Insights

July 03, 2023 | 2:00 pm

SBAC

SBA Comms (NASDAQ:SBAC) has outperformed the market over the past 20 years, producing an average annual return of 22.95%. If an investor had bought $1000 of SBAC stock 20 years ago, it would be worth $60,033.42 today. The company currently has a market capitalization of $25.30 billion.

Portfolio Pulse from Benzinga Insights

July 03, 2023 | 2:00 pm