Streetbeat News

Equity Actions

LLY

A significant bearish stance has been taken on Eli Lilly (NYSE:LLY) by a large investor, as indicated by unusual options trades. The sentiment among these big-money traders is split between 38% bullish and 61% bearish. The whales have been targeting a price range from $300.0 to $580.0 for Eli Lilly over the last 3 months. Analysts from Truist Securities, Cantor Fitzgerald, Goldman Sachs, and Credit Suisse have given varied price targets for the company.

Portfolio Pulse from Benzinga Insights

August 25, 2023 | 4:46 pm

UNH

A whale investor has taken a bullish stance on UnitedHealth Group (NYSE:UNH), with 70% of the investors opening trades with bullish expectations and 30% with bearish. The whales have been targeting a price range from $240.0 to $530.0 for UnitedHealth Group over the last 3 months. The current price of UNH is up 0.48% at $490.43. Stephens & Co. downgraded its action to Overweight with a price target of $560.

Portfolio Pulse from Benzinga Insights

August 25, 2023 | 4:31 pm

BTCUSD

C

ENVA

JPM

The article discusses five key points for investors this week. The Federal Reserve is likely to raise interest rates due to inflation and a tight labor market. Retail sales continue to rise, indicating strong consumer spending. Large asset management firms are seeking approval for Bitcoin ETFs, potentially driving up Bitcoin's price. Ratings agency Fitch may downgrade big banks like JP Morgan and Citigroup. Lastly, Mercedes has disconnected Russian customers from its software, raising concerns about the vulnerability of connected cars.

Portfolio Pulse from Gary Brode

August 25, 2023 | 4:15 pm

SPY

UUP

Philadelphia Federal Reserve Bank President Patrick Harker has expressed a more dovish stance on interest rates than Federal Reserve Chair Jerome Powell, advocating for stability rather than further increases. Harker's comments come as the Fed futures market indicates a higher likelihood of a rate hike by November. The U.S. dollar index, tracked by the Invesco DB USD Index Bullish Fund ETF (UUP), has gained 0.3%, while the SPDR S&P 500 ETF Trust (SPY) also edged 0.3% higher.

Portfolio Pulse from Piero Cingari

August 25, 2023 | 4:04 pm

CRM

A significant bullish stance has been taken on Salesforce (NYSE:CRM) as indicated by unusual options activity. The sentiment among these big-money traders is split between 66% bullish and 33% bearish. The whales have been targeting a price range from $175.0 to $240.0 for Salesforce over the last 3 months. Mizuho maintains a Buy rating on Salesforce with a price target of $250, while Morgan Stanley downgraded its action to Equal-Weight with a price target of $278.

Portfolio Pulse from Benzinga Insights

August 25, 2023 | 4:01 pm

DG

A significant bullish stance has been taken on Dollar General (NYSE:DG) as evidenced by unusual options activity. The overall sentiment of these big-money traders is split between 81% bullish and 18% bearish. The options trades have been targeting a price range from $150.0 to $210.0 for Dollar General over the last 3 months. The current price of DG is up 1.69% at $155.57.

Portfolio Pulse from Benzinga Insights

August 25, 2023 | 4:00 pm

DWAC

Shares of Digital World Acquisition Corp. (DWAC) are gaining traction following the arrest of former President Donald Trump. The increased media attention may have sparked interest among retail investors. DWAC, a SPAC, was created to fund Truth Social and take Trump Media & Technology Group public.

Portfolio Pulse from Erica Kollmann

August 25, 2023 | 3:46 pm

UBER

A significant bearish stance has been taken on Uber Technologies (NYSE:UBER) by a large investor or institution, as indicated by unusual options activity. The sentiment among these big-money traders is split, with 36% bullish and 63% bearish. The whales have been targeting a price range from $35.0 to $52.5 for Uber over the last 3 months. Meanwhile, several financial institutions have maintained positive ratings on Uber, with price targets ranging from $55 to $60.

Portfolio Pulse from Benzinga Insights

August 25, 2023 | 3:00 pm

VFS

VinFast Auto Ltd. (NASDAQ:VFS) shares have surged nearly 500% since its Nasdaq debut last Tuesday, making it a favorite among retail investors. The stock has been extremely volatile with trading volumes exceeding its average. The company's controlling shareholder, Pham Nhat Vuong, has become the fifth richest person in Asia due to the stock's rise.

Portfolio Pulse from Erica Kollmann

August 25, 2023 | 2:58 pm

APLS

ELIQ

FMST

KVUE

VCIG

Benzinga's Stock Whisper Index has highlighted five stocks that warrant attention for the week of Aug. 25, 2023. These include VCI Global Ltd, which has seen shares soar after announcing a partnership with Microsoft Corp for use of the Azure OpenAI platform. Electriq Power Holdings' shares rose over 100% after a SPAC merger. Foremost Lithium Resource & Technology completed an IPO in the U.S. Apellis Pharmaceuticals Inc saw shares jump after an update for its AMD treatment. Kenvue Inc, spun off from Johnson & Johnson, is now a fully independent company and a new component for the S&P 500 Index.

Portfolio Pulse from Chris Katje

August 25, 2023 | 2:48 pm