Streetbeat News

Equity Actions

PLTR

An option alert has been issued for Palantir Technologies (PLTR) for Friday $16.5 calls sweep. The alert indicates a significant increase in the number of calls, with 1826 calls at $0.391 versus the previous 605.

Portfolio Pulse from Charles Gross

July 24, 2023 | 7:52 pm

AAPL

COIN

COST

F

MSFT

V

WMT

Benzinga users have identified Microsoft, Apple, Coinbase, Costco, Visa, Ford, and Walmart as their long-term stock investment favorites. Microsoft's shares are performing well this year, with analysts predicting further growth. Apple's dominant market position and recent push into AI and AR make it a popular choice. Despite a significant drop from its IPO price, Coinbase's stock is up nearly 200% YTD. Costco, Visa, Ford, and Walmart are also favored for their consistent growth and strong market positions.

Portfolio Pulse from AJ Fabino

July 24, 2023 | 7:37 pm

NKE

A large bearish position has been taken on Nike (NYSE:NKE), as observed in publicly available options history. The sentiment among these big-money traders is split between 38% bullish and 61% bearish. The whales have been targeting a price range from $55.0 to $130.0 for Nike over the last 3 months. The price of NKE is currently down -0.27% at $108.77, and RSI indicators suggest the stock may be approaching oversold.

Portfolio Pulse from Benzinga Insights

July 24, 2023 | 7:30 pm

SPKY

UVXY

Ahead of the Federal Reserve's monthly meeting, the Convexity Daily 1.5x SPIKES Futures ETF (SPKY) is falling under support near the $5 level. SPKY is a 1.5x leveraged fund that follows the SPIKES Futures Short-Term Index, similar to the ProShares Ultra VIX Short Term Futures ETF (UVXY). With an anticipated 0.25% rate hike, volatility in the stock market could surge, potentially driving SPKY higher. However, SPKY has been declining over the last three trading days, suggesting lower prices could come again.

Portfolio Pulse from Melanie Schaffer

July 24, 2023 | 7:27 pm

BKNG

A significant number of investors have taken a bearish stance on Booking Holdings (NASDAQ:BKNG), with 71% of detected trades showing bearish expectations. The whales have been targeting a price range from $1800.0 to $3800.0 for Booking Holdings over the last 3 months. The current price of BKNG is down -1.75% at $2871.96. Analysts from Wedbush, Morgan Stanley, JMP Securities, and Barclays have given varied price targets for the stock.

Portfolio Pulse from Benzinga Insights

July 24, 2023 | 6:45 pm

CVKD

Cardenal Therapeutics has filed a Form S-1 for the resale of up to 8.85 million shares of common stock at $0.001 per share by the selling stockholders. This has led to a decrease in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2023 | 6:38 pm

CTGO

Contango ORE has announced the pricing of a $30.4 million underwritten public offering of 1.6 million shares of its common stock at a price of $19 per share. Following the announcement, the company's shares are trading lower.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2023 | 6:37 pm

INTU

A significant bearish stance has been taken on Intuit (NASDAQ:INTU) by a large investor or institution, as indicated by unusual options trading activity. The sentiment among these big-money traders is 75% bearish and 25% bullish. The whales have been targeting a price range from $440.0 to $570.0 for Intuit over the last 3 months. Exane BNP Paribas upgraded its action to Neutral with a price target of $532, while Keybanc maintained their Overweight rating on Intuit with a price target of $525.

Portfolio Pulse from Benzinga Insights

July 24, 2023 | 6:15 pm

ABBV

A significant bearish stance has been taken on AbbVie (NYSE:ABBV) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is 30% bullish and 70% bearish. The whales have been targeting a price range from $105.0 to $165.0 for AbbVie over the last 3 months. HSBC and Morgan Stanley have downgraded their actions on AbbVie to Buy and Overweight respectively, with price targets of $167 and $182.

Portfolio Pulse from Benzinga Insights

July 24, 2023 | 5:45 pm

DDOG

A significant number of investors have taken a bearish stance on Datadog (NASDAQ:DDOG), with 66% of detected trades showing bearish expectations. Whales have been targeting a price range from $70.0 to $120.0 for Datadog over the last 3 months. The current price of DDOG is $111.14, up 1.16%. RSI indicators suggest the stock may be overbought. Analysts from Oppenheimer, Cantor Fitzgerald, and Barclays have maintained their ratings with price targets of $120, $100, and $134 respectively.

Portfolio Pulse from Benzinga Insights

July 24, 2023 | 5:45 pm