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ALB

PMETF

Albemarle Corporation's shares are trading lower despite beating earnings per share estimates and providing strong 2023 guidance. The company also announced the closing of its C$109 million investment with Patriot Battery Metals, now owning approximately 4.9% of Patriot's shares. Credit Suisse analyst John Roberts maintained Albemarle with an Underperform and raised the price target from $163 to $185.

Portfolio Pulse from Ryan Gustafson

August 04, 2023 | 2:16 pm

SCHW

A large investor has taken a bullish stance on Charles Schwab (NYSE:SCHW), with 70% of big-money traders also showing bullish sentiment. The investor's options trades suggest a target price range of $50.0 to $80.0 for Charles Schwab over the next three months. The current price of SCHW is $66.1, up 1.16%. Analysts from Piper Sandler, Barclays, JMP Securities, and Morgan Stanley have maintained their ratings on Charles Schwab, with price targets ranging from $62 to $77.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 2:15 pm

SPGI

Unusual options activity has been observed for S&P Global (NYSE:SPGI), with a bearish stance taken by a large investor. The sentiment among these big-money traders is 30% bullish and 70% bearish. The price target for S&P Global over the last 3 months has been between $340.0 to $400.0. The stock is currently down 2.65% at $383.82. Several financial institutions have maintained their positive ratings on S&P Global, with price targets ranging from $421 to $470.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 2:13 pm

RBOT

Vicarious Surgical Inc's shares have dropped by 42.0% after the company priced a $45 million offering. The company priced its underwritten public offering of 45 million shares of Class A common stock at $1.00 per share. The offering is expected to close on August 7, 2023. Morgan Stanley & Co. and Cowen and Company are the joint book-running managers for the offering.

Portfolio Pulse from Henry Khederian

August 04, 2023 | 2:13 pm

FANG

Diamondback Energy (NASDAQ:FANG) has seen unusual options activity, with 50% of investors opening trades with bullish expectations and 50% with bearish. The trades include 5 puts for a total of $179,622 and 5 calls for a total of $173,050. Whales have been targeting a price range from $97.85 to $155.0 for Diamondback Energy over the last 3 months. The company's stock price is up 2.13% at $149.92. Several financial institutions have maintained their positive ratings on Diamondback Energy, with price targets ranging from $154 to $185.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 2:13 pm

SPY

July 2023 saw a 6-7% gain for S&P 500, largely due to positive options flow and SPY breaking a resistance level. However, trends are changing with seasonality dropping to 63% for August, a decrease in bullish options flow, and an upcoming resistance level. Darkpool trades data reveal over a billion dollars worth of trades at current levels but suggest less support in the event of a downward move from 455 to 445.

Portfolio Pulse from Tradytics

August 04, 2023 | 2:11 pm

AAPL

AMZN

GOOG

META

MSFT

NVDA

TSLA

The article suggests that investors who own stocks in Apple, Amazon, Alphabet, Meta Platforms, Microsoft, NVIDIA, and Tesla, known as the 'magnificent seven', should consider diversifying their portfolios due to heavy concentration in these stocks. Boeing is recommended as a good diversifier due to its long-term opportunities, recent earnings surpassing consensus and whisper numbers, and potential for recurring revenues. The article also mentions the Arora Report's Model Portfolio, which includes six of the 'magnificent seven' stocks and Boeing.

Portfolio Pulse from The Arora Report

August 04, 2023 | 2:10 pm

DDOG

Datadog, Inc. (NASDAQ:DDOG) has announced new capabilities for monitoring and troubleshooting generative AI-based applications. The new features include integrations for the end-to-end AI stack, including AI Infrastructure and compute, embeddings and data management, model serving and deployment, model layer, and orchestration framework. The company has also released a beta version of a complete solution for Large Language Models (LLM) observability.

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 2:10 pm

ASHR

CQQQ

EEM

GXC

KWEB

MCHI

Morgan Stanley analysts have issued a report on the Chinese market, stating that it's a complicated time to invest. China's economic growth is lagging behind expectations, and domestic demand has not convincingly recovered. However, holding a share of the Chinese market can be a good way to diversify a U.S.-heavy portfolio. The report also downgraded the MSCI China Index to Equal Weight. Despite the challenges, the analysts see potential for the Chinese economy. U.S.-listed ETFs focused on the Chinese market, including iShares MSCI China ETF (NASDAQ:MCHI), KraneShares CSI China Internet ETF (NYSE:KWEB), Xtrackers Harvest CSI 300 China A-Shares ETF (NYSE:ASHR), SPDR S&P China ETF (NYSE:GXC), and Invesco China Technology ETF (NYSE:CQQQ), are up.

Portfolio Pulse from Natan Ponieman

August 04, 2023 | 2:09 pm

SNN

Smith & Nephew PLC (NYSE:SNN) reported a 5.2% YoY increase in 1H revenue to $2.73 billion, with operating profit rising to $275 million. However, trading profit decreased to $417 million and adjusted EPS slipped to 34.9 cents. The company's CFO, Anne-Françoise Nesmes, will step down in Q2 2024. Despite the mixed results, the company raised its full-year underlying revenue growth guidance to 6.0%-7.0%. SNN shares are down 2.84% at $28.47.

Portfolio Pulse from Vandana Singh

August 04, 2023 | 2:08 pm