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CVX

Unusual options activity has been observed for Chevron (NYSE:CVX), with a bearish stance taken by a large investor. Benzinga's options scanner spotted 11 options trades for Chevron, with sentiment split between 36% bullish and 63% bearish. The price range targeted by these investors over the last 3 months is from $90.0 to $190.0. Chevron's current price is $160.19, down 0.3%. Analysts from UBS and Morgan Stanley maintain their Buy and Equal-Weight ratings respectively, while Bernstein downgraded its action to Market Perform.

Portfolio Pulse from Benzinga Insights

October 24, 2023 | 3:16 pm

OXY

A significant amount of bearish options activity has been observed for Occidental Petroleum (NYSE:OXY). Of the 11 unusual trades detected, 72% were bearish and 27% bullish. The total amount for puts was $380,885 and for calls was $270,409. Whales have been targeting a price range from $60.0 to $80.0 for Occidental Petroleum over the last 3 months. The current price of OXY is $62.8. Analysts from Susquehanna, Stephens & Co., and UBS have given price targets of $78, $74, and $74 respectively.

Portfolio Pulse from Benzinga Insights

October 24, 2023 | 3:16 pm

BTCUSD

GOOG

IEF

MSFT

QQQ

SPY

The pullback in yields is bringing in buyers to the stock market, with notable earnings reports from Microsoft Corp and Alphabet Inc Class C expected after market close. Earnings from Coca-Cola Co, Verizon Communications Inc., Rtx Corp, Dow Inc, 3M Co, Sherwin-Williams Co, General Motors Co, and General Electric Co are better than expected, while earnings from HCA Healthcare Inc, AGNC Investment Corp, Corning Incorporated, Packaging Corp Of America, and Polaris Inc are worse than expected. Positive money flows are observed in Microsoft, Alphabet, Meta Platforms Inc, Amazon.com, Inc., NVIDIA Corp, and Tesla Inc, while neutral in Apple Inc, and mixed in SPDR S&P 500 ETF Trust and Invesco QQQ Trust Series 1. The article also mentions buying in Bitcoin and speculative stocks.

Portfolio Pulse from The Arora Report

October 24, 2023 | 3:14 pm

HSTM

HealthStream reported a year-over-year increase in Q3 EPS results, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 3:13 pm

PKG

Packaging Corp Of America (NYSE:PKG) reported a Q3 FY23 sales decline of 8.94% YoY to $1.94 billion, missing the analyst consensus estimate of $1.99 billion. Adjusted EPS of $2.05 beat the consensus estimate of $1.93. The company's CEO highlighted cost-effective operations, including keeping the Wallula, WA mill temporarily idled during the quarter. PKG shares were up 2.4% at $148.00 at the time of publication.

Portfolio Pulse from Shivani Kumaresan

October 24, 2023 | 3:10 pm

TBI

TrueBlue's shares are trading lower following the company's Q3 financial results, which were below expectations.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 3:09 pm

BTCUSD

ETHUSD

Crypto analyst Rekt Capital has analyzed key price ranges for Bitcoin (BTC) and Ethereum (ETH), suggesting that Bitcoin's bearish trend may be ending. Bitcoin's monthly performance has risen by over 14%, with a potential monthly range formation between $27,150 to $30,450. Observers are advised to watch for 'Fear Of Missing Out' (FOMO) wicks as the month ends. A monthly close beyond this range high is essential for upside continuity. On a weekly timeframe, Bitcoin's price showcases a different range, approximately between $25,880 to $30,630. If Bitcoin fails to break the range's high resistance, a downward movement within this range might be the next course of action.

Portfolio Pulse from Murtuza Merchant

October 24, 2023 | 3:09 pm

AGYS

Agilysys reported better-than-expected Q2 financial results and raised its FY23 revenue guidance above estimates, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 3:09 pm

MAT

A significant volume of Mattel's (MAT) November 17 $22 call options were purchased, with 6468 contracts bought near the ask price of $0.35, compared to the open interest of 1100. The reference price for Mattel's stock was $20.12.

Portfolio Pulse from Charles Gross

October 24, 2023 | 3:07 pm

EIS

SPY

USO

VGK

The UN is currently holding a meeting to discuss the situation in the Middle East. The meeting is being broadcast live and can be viewed online. The ETFs EIS, SPY, USO, and VGK may be mentioned during the discussion.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 3:03 pm