Streetbeat News

Assets

DE

Unusual options activity has been observed for Deere (NYSE:DE), with a bearish stance taken by a large investor. Benzinga's options scanner spotted 20 uncommon options trades, with 55% being bearish and 45% bullish. The total trade price for puts is $1,298,452, while calls amount to $305,307.

Portfolio Pulse from Benzinga Insights

May 22, 2023 | 4:03 pm

SPY

Fed's Daly sees signs of slowing in the strong job market, stating that the balance sheet drawdown is working effectively. The Fed can separate financial stability tools from monetary policy.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2023 | 3:44 pm

UNP

Union Pacific Corp (UNP) has announced an 8-12 hour delay in service between Houston and Spring, Texas, due to a service interruption. The second main line is expected to be back in service this week.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2023 | 3:33 pm

AMGN

Amgen Inc.'s total debt stands at $61.59 billion, with $60.76 billion in long-term debt and $834 million in current debt. After adjusting for $31.56 billion in cash-equivalents, the company has a net debt of $30.04 billion. The debt-ratio is 0.69, considering Amgen's $88.72 billion in total assets.

Portfolio Pulse from Benzinga Insights

May 22, 2023 | 3:07 pm

PACW

PacWest Bancorp (NASDAQ:PACW) shares are rising after Pacific Western Bank entered into an agreement with a subsidiary of Kennedy-Wilson Holdings to sell a portfolio of 74 real estate construction loans with a principal balance of $2.6 billion. The transaction is expected to close in multiple tranches during Q2 and early Q3.

Portfolio Pulse from Adam Eckert

May 22, 2023 | 3:04 pm

USO

OPEC nations are likely to take action as short selling mounts, according to a Reuters report citing Stanchart. The US-listed ETF USO may be impacted by this news.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2023 | 3:03 pm

CTRA

Coterra Energy (CTRA) sees a significant volume of June 16 $28 call options being bought near the ask price, with 4,537 contracts at $0.168, compared to an open interest of 783. The stock is currently trading at $25.87.

Portfolio Pulse from Charles Gross

May 22, 2023 | 2:30 pm

F

Ford's CFO announced that the company's capital spending will increase to $10B-$11B in 2024, up from the current $7B-$8B range.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2023 | 2:29 pm

JD

A large investor has taken a bullish stance on JD.com (NASDAQ:JD), with 18 uncommon options trades spotted, split between 50% bullish and 50% bearish. Whales have been targeting a price range of $25.0 to $62.5 for JD.com over the last 3 months. The stock is currently up 3.65% at $36.34.

Portfolio Pulse from Benzinga Insights

May 22, 2023 | 2:19 pm

XOM

Exxon Mobil has purchased drilling rights to a large area of land in Arkansas for lithium production, a key ingredient in batteries for electric vehicles and electronics. The acquisition signals Exxon's preparation for a future less reliant on gasoline and diversifies its portfolio.

Portfolio Pulse from Akanksha Bakshi

May 22, 2023 | 2:07 pm