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Putnam Investments increased its stakes in Apple, Meta Platforms, and Exxon Mobil in Q1, while reducing holdings in Microsoft, NVIDIA, and Walmart. Meta shares have nearly doubled this year, and Apple stock has gained over 39%. Exxon reported record Q1 earnings of $11.4 billion, but its stock has underperformed with a YTD loss of 1.45%.

Portfolio Pulse from Bhavik Nair

May 23, 2023 | 7:11 am

MAGA

Hal Lambert, founder of the Point Bridge America First ETF (BATS:MAGA) and former Trump ally, is now backing Florida Governor Ron DeSantis for the 2024 election. Lambert, a major GOP donor, believes Trump's focus on the past will hinder his chances in the general election. The MAGA ETF, which invests in companies supporting Republican candidates and causes, has $18.5 million in assets under management.

Portfolio Pulse from Chris Katje

May 22, 2023 | 10:18 pm

ICVX

Icosavax has priced a $67.8 million registered direct offering with select healthcare investors, expecting its cash balance to be sufficient to fund operations into 2H 2025.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2023 | 9:41 pm

ALC

LFCR

Lifecore Biomedical (LFCR) has entered into a $150M financing agreement with Alcon (ALC) to repay its outstanding term loans and expand its hyaluronic acid (HA) fermentation capacity. The deal includes a six-year senior secured term facility and a sale leaseback of certain HA fermentation equipment.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2023 | 9:03 pm

EQS

Equus Total Return (EQS) subsidiary Morgan E&P has acquired 4,747 net acres in the Bakken/Three Forks formation in North Dakota. Morgan is required to drill and complete a minimum of six wells within 18 months, with an average cost of $8 million per well.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2023 | 9:03 pm

T

A whale investor has taken a bullish stance on AT&T (NYSE:T) with 60% of the detected unusual options trades being bullish and 40% bearish. The total trade amounts are $270,915 for calls and $137,112 for puts. Whales have been targeting a price range of $16.0 to $17.0 for AT&T over the last 3 months.

Portfolio Pulse from Benzinga Insights

May 22, 2023 | 8:31 pm

TFC

A whale has taken a bullish stance on Truist Finl (NYSE:TFC) with 58% of investors opening trades with bullish expectations and 41% with bearish. The total trade amounts are $490,058 for puts and $365,056 for calls. Whales have been targeting a price range of $20.0 to $52.5 for Truist Finl over the last 3 months.

Portfolio Pulse from Benzinga Insights

May 22, 2023 | 8:31 pm

SQ

A whale investor has taken a bearish stance on Block (NYSE:SQ), with 70% of detected trades having bearish expectations. Whales have been targeting a price range of $52.5 to $100 for Block over the last 3 months. The stock is currently up 3.36% at $60.62, with RSI indicators suggesting it may be approaching overbought.

Portfolio Pulse from Benzinga Insights

May 22, 2023 | 8:16 pm

OXY

A large investor has taken a bullish stance on Occidental Petroleum (NYSE:OXY), with Benzinga's options scanner spotting 12 uncommon options trades. The sentiment of these big-money traders is split 50% bullish and 50% bearish. Whales have been targeting a price range of $52.5 to $65.0 for Occidental Petroleum over the last 3 months.

Portfolio Pulse from Benzinga Insights

May 22, 2023 | 8:16 pm

UPS

A whale has taken a bearish stance on United Parcel Service (NYSE:UPS) with 11 unusual options trades detected. 36% of investors opened trades with bullish expectations, while 63% were bearish. Whales have been targeting a price range of $160 to $230 for UPS over the last 3 months.

Portfolio Pulse from Benzinga Insights

May 22, 2023 | 8:02 pm