Streetbeat News

Equity Actions

JPM

A significant investor has taken a bearish stance on JPMorgan Chase (NYSE:JPM), with 55% of the investors opening trades with bearish expectations. The whales have been targeting a price range from $135.0 to $185.0 for JPMorgan Chase over the last 3 months. The price of JPM is up 0.26% at $157.31, and RSI indicators suggest that the stock may be overbought. The next earnings are expected to be released in 74 days.

Portfolio Pulse from Benzinga Insights

July 31, 2023 | 6:32 pm

BRSH

Brüush Oral Care has announced a 1-for-25 reverse stock split, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2023 | 6:15 pm

ALNY

AZN

IONS

Citi analyst has upgraded Ionis Pharmaceuticals Inc (IONS) from Neutral to Buy with a price target of $60, up from $36, due to key pipeline developments. Ionis recently completed enrollment in Phase 3 CARDIO-TTRansform study of eplontersen and expanded its collaboration with AstraZeneca (AZN) for commercialization of eplontersen in Latin America. The FDA decision for eplontersen is expected by YE2023. The analyst also shows interest in donidalorsen for HAE, with a pivotal Phase 3 readout expected in the first half of 2024.

Portfolio Pulse from Vandana Singh

July 31, 2023 | 5:55 pm

TLT

The U.S. Treasury's interest expenditures are nearing $1 trillion, surpassing Tesla's entire market valuation. This surge in interest expenses has been driven by Federal Reserve rate hikes and a widening budget deficit. To finance the rising deficit, the U.S. Treasury is expected to issue more government bonds, which could create a difficult supply-demand scenario, affecting market functioning and liquidity. The Ishares 20+ Year Treasury Bond ETF (NASDAQ:TLT) continues to struggle with the impact of rising bond yields, recording fresh lows in 2023.

Portfolio Pulse from Piero Cingari

July 31, 2023 | 5:49 pm

SYK

A significant bearish stance has been taken on Stryker (NYSE:SYK) by a large investor, as indicated by unusual options activity. The overall sentiment of these big-money traders is 94% bearish. The whales have been targeting a price range from $200.0 to $290.0 for Stryker over the last 3 months. Truist Securities and RBC Capital have maintained their Hold and Outperform ratings on Stryker, respectively, with price targets of $310 and $325.

Portfolio Pulse from Benzinga Insights

July 31, 2023 | 5:46 pm

IBM

A significant number of investors have taken a bearish stance on IBM (NYSE:IBM), with 75% of detected trades showing bearish expectations. The whales have been targeting a price range from $60.0 to $150.0 for IBM over the last 3 months. The current price of IBM is $143.82, up 0.26%. Analysts have mixed opinions, with JP Morgan, Wedbush, and Morgan Stanley downgrading their ratings to Neutral or Equal-Weight, while BMO Capital and Stifel maintain their ratings.

Portfolio Pulse from Benzinga Insights

July 31, 2023 | 5:45 pm

ABBV

APLS

BMY

PFE

RCUS

SAGE

TGTX

TLRY

WAT

ZBH

The article reports on the options activity of 10 health care stocks in today's session. The stocks include Pfizer (PFE), Apellis Pharmaceuticals (APLS), TG Therapeutics (TGTX), Sage Therapeutics (SAGE), Arcus Biosciences (RCUS), Tilray (TLRY), Zimmer Biomet Holdings (ZBH), Bristol-Myers Squibb (BMY), Waters Corporation (WAT), and AbbVie (ABBV). The article provides detailed information on the put and call options, trade types, sentiments, expiration dates, strike prices, total trade prices, open interests, and volumes for each stock.

Portfolio Pulse from Benzinga Insights

July 31, 2023 | 5:35 pm

AAPL

AMD

CRM

INTC

MARA

MSFT

NVDA

PLTR

SEDG

SIMO

The article reports on the options activity of 10 Information Technology stocks in today's session. The stocks include NVDA, PLTR, AMD, MARA, MSFT, AAPL, SEDG, INTC, CRM, and SIMO. The article provides detailed information about the type of options activity (call or put), the sentiment (bullish or bearish), the expiration date, the strike price, the total trade price, the open interest, and the volume for each stock.

Portfolio Pulse from Benzinga Insights

July 31, 2023 | 5:35 pm

BLMN

CVNA

MAR

NCLH

NIO

RIVN

TSLA

The article reports on the options activity of 10 consumer discretionary stocks in today's session. The stocks include Tesla (TSLA), Norwegian Cruise Line Holdings (NCLH), Foot Locker (FL), NIO Inc. (NIO), Carvana Co. (CVNA), Marriott International (MAR), QuantumScape Corporation (QS), Rivian Automotive (RIVN), Bloomin' Brands (BLMN), and Wayfair Inc. (W). The article provides detailed information about the call and put options, trade types, sentiments, expiration dates, strike prices, total trade prices, open interests, and volumes for each stock.

Portfolio Pulse from Benzinga Insights

July 31, 2023 | 5:35 pm

BRSH

Bruush Oral Care has announced a 1-for-25 reverse stock split, which will be effective pre-market opening on August 1, 2023.

Portfolio Pulse from Charles Gross

July 31, 2023 | 4:59 pm