Streetbeat News

Equity Actions

MCD

A significant bearish stance has been taken on McDonald's (NYSE:MCD) by a large investor, as observed in the options history. The overall sentiment of these big-money traders is split between 28% bullish and 71% bearish. Whales have been targeting a price range from $270.0 to $305.0 for McDonald's over the last 3 months. Guggenheim, TD Cowen, and Loop Capital have given price targets of $325, $326, and $346 respectively.

Portfolio Pulse from Benzinga Insights

July 12, 2023 | 6:35 pm

TMUS

A significant amount of unusual options activity has been observed for T-Mobile US (NASDAQ:TMUS), with a bullish stance taken by a majority of investors. Of the 36 strange trades detected, 52% were bullish and 47% were bearish. The total amount for puts was $727,270 and for calls was $931,075. Whales have been targeting a price range from $60.0 to $170.0 for T-Mobile US over the last 3 months. Morgan Stanley has maintained their Overweight rating on T-Mobile US, with a price target of $178.

Portfolio Pulse from Benzinga Insights

July 12, 2023 | 6:19 pm

ABBV

A significant bearish stance on AbbVie (NYSE:ABBV) has been observed through unusual options activity. The sentiment among big-money traders is split between 40% bullish and 60% bearish. The whales have been targeting a price range from $100.0 to $160.0 for AbbVie over the last 3 months. Morgan Stanley has downgraded its action to Overweight with a price target of $182.

Portfolio Pulse from Benzinga Insights

July 12, 2023 | 6:19 pm

TKNO

KeyBanc Capital Markets has initiated coverage on Alpha Teknova Inc (NASDAQ:TKNO) with a Sector Weight rating. The company is a key player in the reagents and consumables needed for cell therapy production, synthetic biology, and other processes. KeyBanc notes that if Cell & Gene Therapies achieve their potential success, Alpha Teknova will be a significant research technology provider. The company is raising capital through an at-the-market program, and the analyst estimates that about $10-$20 million of capital is needed.

Portfolio Pulse from Vandana Singh

July 12, 2023 | 6:15 pm

DVN

A significant bearish stance has been taken on Devon Energy (NYSE:DVN) by a large investor or institution, as indicated by unusual options activity. The sentiment among these big-money traders is split between 28% bullish and 71% bearish. The whales have been targeting a price range from $40.0 to $70.0 for Devon Energy over the last 3 months. The price of DVN is up 1.11% at $51.12. Several experts have given their ratings and price targets on Devon Energy.

Portfolio Pulse from Benzinga Insights

July 12, 2023 | 6:03 pm

LAB

KeyBanc Capital Markets initiated coverage on Standard BioTools Inc (NASDAQ:LAB) with an Overweight rating and a price target of $4. The analyst cites the company's unique position in the Life Science Technology industry and spatial biology research. The company's focus on cost reductions and growth, along with a 46% reduction in operating loss and 12% proteomic growth, are highlighted. The company underwent a strategic capital infusion and management change last year.

Portfolio Pulse from Vandana Singh

July 12, 2023 | 5:58 pm

SPY

TUR

President Biden has expressed confidence that the U.S. will be able to sell F16s to Turkey. This could potentially impact the stocks of General Dynamics (GD), SPDR S&P 500 ETF (SPY), and iShares MSCI Turkey ETF (TUR).

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 5:56 pm

FCEL

FuelCell Energy Inc (FCEL) shares are trading higher by 3.83% amid overall market strength following a lighter-than-expected June inflation report. Lower inflation can support the adoption of renewable energy solutions, making them more affordable and competitive. The positive market environment and the company's focus on sustainable energy solutions can drive investor interest and contribute to the appreciation of its stock price.

Portfolio Pulse from Henry Khederian

July 12, 2023 | 5:50 pm

AMZN

MSFT

TSLA

U.S. Senator Bernie Sanders, known for his criticism of the ultra-wealthy and large corporations, owns stakes in several mutual funds that hold positions in companies he has criticized, including Tesla, Amazon, and Microsoft. Sanders has been advocating for a ban on lawmakers buying and selling stocks and options. He has also proposed legislation that would impose additional taxes on stock trading.

Portfolio Pulse from Chris Katje

July 12, 2023 | 5:49 pm

AXL

CVNA

DUOL

LEN

MAR

MGM

MLCO

NKE

TSLA

XPOF

The article reports on the unusual options activity in the Consumer Discretionary sector. It mentions 10 US-listed companies: Tesla (TSLA), Carvana (CVNA), Melco Resorts & Entertainment (MLCO), Marriott International (MAR), Xponential Fitness (XPOF), Nike (NKE), American Axle & Manufacturing (AXL), MGM Resorts International (MGM), Duolingo (DUOL), and Lennar Corporation (LEN). The article provides details on the type of options activity (call or put), sentiment (bullish, bearish, or neutral), expiration date, strike price, total trade price, open interest, and volume for each company.

Portfolio Pulse from Benzinga Insights

July 12, 2023 | 5:39 pm