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NVDA

The S&P 500 index has historically been influenced by a small number of mega-cap stocks, such as Apple, NVIDIA, Meta, Alphabet, and Microsoft. While these stocks can contribute to positive market performance, they also carry potential risks such as concentration risk and lack of diversification. Diversification remains a crucial strategy for investors to mitigate these risks.

Portfolio Pulse from John Chang

June 01, 2023 | 5:31 pm

VEEV

Unusual options activity has been observed for Veeva Sys (NYSE:VEEV), with 10 options trades spotted, split between 50% bullish and 50% bearish. The big position appeared on publicly available options history, indicating that someone with significant funds has taken a bullish stance on the company.

Portfolio Pulse from Benzinga Insights

June 01, 2023 | 5:18 pm

TTD

A large bearish position on Trade Desk (NASDAQ:TTD) has been spotted, with 11 unusual options trades detected. The sentiment of these big-money traders is 27% bullish and 72% bearish, targeting a price range of $30 to $80 for Trade Desk over the last 3 months.

Portfolio Pulse from Benzinga Insights

June 01, 2023 | 5:05 pm

VTV

VUG

The Vanguard Growth ETF (VUG) has outperformed the Vanguard Value ETF (VTV) by 29% in 2023, driven by a surge in AI and tech stocks. The growth style's recovery has erased value's 2022 outperformance, with major contributions from Apple, Microsoft, NVIDIA, Alphabet, Amazon, Tesla, and Meta Platforms.

Portfolio Pulse from Piero Cingari

June 01, 2023 | 4:57 pm

TTEK

Tetra Tech has been awarded a £60 million water asset management contract by Scottish Water, leading to an increase in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

June 01, 2023 | 4:53 pm

LUMN

Lumen Technologies sees a surge in Jun 30 $2 call options with 2189 contracts traded at $0.201, compared to 196 open interest; stock price at $1.99.

Portfolio Pulse from Charles Gross

June 01, 2023 | 4:33 pm

NEM

A whale has taken a bearish stance on Newmont (NYSE:NEM) with 70% of detected unusual options trades being bearish. Whales have been targeting a price range of $30.0 to $43.0 for Newmont over the last 3 months. The stock is currently up 5.06% at $42.6, and RSI indicators suggest it may be approaching oversold.

Portfolio Pulse from Benzinga Insights

June 01, 2023 | 4:17 pm

TCNNF

Trulieve Cannabis Corp. plans to close a cannabis retail location in Grover Beach, California, and exit the Massachusetts market by the end of 2023. The company aims to preserve cash and improve financial performance by streamlining operations and reallocating resources toward markets with long-term growth potential.

Portfolio Pulse from Jelena Martinovic

June 01, 2023 | 4:08 pm

DASH

A whale has taken a bearish stance on DoorDash (NYSE:DASH) with 58% of detected unusual options activity being bearish. Whales have been targeting a price range of $45 to $70 for DoorDash over the last 3 months. The stock is currently up 3.43% at $67.53, with RSI indicators suggesting it may be approaching overbought.

Portfolio Pulse from Benzinga Insights

June 01, 2023 | 4:03 pm

PBR

Unusual options activity has been observed for Petrobras Brasileiro (NYSE:PBR), with a large position indicating a bullish stance. Benzinga's options scanner spotted 10 uncommon options trades, with 50% bullish and 50% bearish sentiment. Whales have been targeting a price range of $8.0 to $15.5 for PBR over the last 3 months.

Portfolio Pulse from Benzinga Insights

June 01, 2023 | 4:02 pm