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Equity Actions

UUP

The June Retail Sales Report has sparked varying interpretations among economists, with some noting a cooling off of consumer activity and others highlighting the third consecutive month of positive retail spending. Industrial and manufacturing production contracted in June, while traders expect a 0.25% interest rate increase by the Federal Reserve. The U.S. dollar index, tracked by the Invesco DB USD Index Bullish Fund ETF (UUP), rose by 0.1%.

Portfolio Pulse from Piero Cingari

July 18, 2023 | 5:38 pm

AMC

ATVI

BIDU

DIS

DISH

GOOGL

META

NFLX

PINS

RBLX

The article reports on the options activity of 10 communication services stocks in today's session. The stocks include Meta Platforms (META), AMC Entertainment (AMC), Activision Blizzard (ATVI), Roblox (RBLX), Netflix (NFLX), Walt Disney (DIS), Alphabet (GOOGL), Baidu (BIDU), Pinterest (PINS), and Dish Network (DISH). The article provides details on the type of options activity (put/call), trade type, sentiment, expiration date, strike price, total trade price, open interest, and volume for each stock.

Portfolio Pulse from Benzinga Insights

July 18, 2023 | 5:35 pm

ADBE

A significant investor has taken a bearish stance on Adobe (NASDAQ:ADBE), with 57% of recent trades being bearish and 42% bullish. The trades include 5 puts totaling $325,150 and 16 calls totaling $947,221. The targeted price range for Adobe over the last 3 months has been $250.0 to $980.0. Goldman Sachs maintains a Buy rating on Adobe with a price target of $550, while BMO Capital has upgraded its action to Outperform with a price target of $570.

Portfolio Pulse from Benzinga Insights

July 18, 2023 | 5:31 pm

PANW

Unusual options activity has been observed for Palo Alto Networks (NASDAQ:PANW), with a large position indicating a bullish stance. The sentiment among these big-money traders is split between 55% bullish and 45% bearish. The price target for PANW, based on volume and open interest, ranges from $180 to $260. Several financial institutions, including Oppenheimer, JP Morgan, Morgan Stanley, RBC Capital, and BTIG, have maintained positive ratings on PANW, with price targets ranging from $277 to $307.

Portfolio Pulse from Benzinga Insights

July 18, 2023 | 5:30 pm

ORCL

A significant bearish stance has been taken on Oracle (NYSE:ORCL) as indicated by unusual options activity. The sentiment among big-money traders is split between 43% bullish and 56% bearish. Whales have been targeting a price range from $75.0 to $160.0 for Oracle over the last 3 months. The price of ORCL is up 1.35% at $120.5. Next earnings are expected to be released in 55 days.

Portfolio Pulse from Benzinga Insights

July 18, 2023 | 5:15 pm

SPOT

A significant bearish stance has been taken on Spotify Technology (NYSE:SPOT) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is split between 35% bullish and 64% bearish. The price range targeted by these investors for Spotify over the last 3 months is from $95.0 to $185.0. Wells Fargo, Raymond James, and Goldman Sachs have maintained their ratings on Spotify, while Morgan Stanley has downgraded its action to Overweight.

Portfolio Pulse from Benzinga Insights

July 18, 2023 | 5:15 pm

META

TWTR

Twitter Inc, under Elon Musk's leadership, has reportedly not provided severance pay to its laid-off employees in Ghana, part of Musk's cost-cutting measures. Since Musk's acquisition of Twitter for $44 billion in October, the platform has seen a decline in advertising revenue and continues to generate negative cash flow. Twitter also faces competition from Meta Platforms Inc's Threads platform.

Portfolio Pulse from Anusuya Lahiri

July 18, 2023 | 4:41 pm

XLE

The Energy Select Sector SPDR Fund (NYSE:XLE) has seen a rise in breadth thrusts due to improving performance of individual energy stocks, despite low sentiment. Historically, this has been bullish for energy. There have been three major advances in XLE since 2012 with this setup.

Portfolio Pulse from Thrasher Analytics

July 18, 2023 | 4:16 pm

ARKK

The ARK Innovation Fund (NYSE:ARKK) has seen a significant turnaround in 2023, gaining over 60% year-to-date, outperforming both the S&P 500 and the Nasdaq 100. This is largely due to the renewed strength in its top holdings, particularly Tesla and Coinbase, which have seen strong performance this year. However, not all holdings have performed well, with Zoom and Block still appearing to be in a downward spiral.

Portfolio Pulse from David Keller

July 18, 2023 | 4:07 pm

TOST

Josh Brown, a CNBC contributor, has purchased more shares of Toast Inc. (TOST).

Portfolio Pulse from Charles Gross

July 18, 2023 | 4:03 pm