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SPY

The market-on-close imbalance is leaning towards the sell-side with $365M. This could potentially impact the overall market sentiment and possibly the SPY ETF.

Portfolio Pulse from Benzinga Newsdesk

September 22, 2023 | 7:31 pm

BHP

A significant bearish stance has been taken on BHP Group (NYSE:BHP) as evidenced by unusual options activity. The sentiment among big-money traders is 90% bearish, with 9 puts and 1 call spotted. The targeted price range for BHP Group over the last 3 months is from $35.0 to $55.0. The current price of BHP is up 2.57% at $57.1.

Portfolio Pulse from Benzinga Insights

September 22, 2023 | 7:30 pm

MS

A large investor has taken a bullish stance on Morgan Stanley (NYSE:MS), with 17 uncommon options trades spotted. The sentiment of these big-money traders is split between 52% bullish and 47% bearish. Whales have been targeting a price range from $75.0 to $100.0 for Morgan Stanley over the last 3 months. HSBC has downgraded its action to Buy with a price target of $99.

Portfolio Pulse from Benzinga Insights

September 22, 2023 | 7:30 pm

ORCL

Analysts from Goldman Sachs, Piper Sandler, Stifel, and Guggenheim have reiterated their ratings on Oracle Corp (ORCL) following the company's analyst meeting. Oracle's management reaffirmed its FY26 guidance, including $65 billion in revenue and a 45% operating margin. The analysts highlighted Oracle's strong play in Oracle Cloud Infrastructure (OCI) and AI integration, and its potential for growth in the coming years. The company's shares traded higher by 0.11% at $109.55 on the last check Friday.

Portfolio Pulse from Anusuya Lahiri

September 22, 2023 | 7:20 pm

NKE

Morgan Stanley analyst Alex Straton reiterated an Overweight rating on Nike Inc (NYSE:NKE) but lowered the price target from $127 to $126. The analyst expects a mostly in-line 1Q24 with an EPS estimate of $0.76. Potential revenue downside on weaker China could be offset by gross margin & SG&A upside. The analyst also anticipates NKE 1Q Greater China revenues could come in closer to the +MSD/HSD % percentage range driven by ~MSD % growth for stores & potentially better online growth.

Portfolio Pulse from Shivani Kumaresan

September 22, 2023 | 7:19 pm

CMG

A significant amount of unusual options activity has been detected for Chipotle Mexican Grill (NYSE:CMG), with a bearish stance being taken by a majority of investors. Of the 11 strange trades detected, 63% were bearish and 36% bullish. The total amount for puts was $218,186 and for calls was $216,520. Whales have been targeting a price range from $1660.0 to $2950.0 for Chipotle over the last 3 months. The current price of CMG is up 0.28% at $1871.29. Several experts have downgraded their ratings but maintained high price targets.

Portfolio Pulse from Benzinga Insights

September 22, 2023 | 7:15 pm

AVGO

GOOG

Truist Securities analyst William Stein reiterated a Buy rating and a $995 price target for Broadcom Inc (AVGO). Despite speculation that AVGO may lose Alphabet Inc (GOOG, GOOGL) as a critical AI computing customer, Stein views this as unlikely. He estimates this potential loss relates to ~55% of AVGO's AI-related revenue, ~11% of total revenue, and ~8% of EPS. Stein remains optimistic about AVGO's fundamentals and themes, including mid-single-digit organic sales growth and double-digit dividend growth.

Portfolio Pulse from Anusuya Lahiri

September 22, 2023 | 7:14 pm

JPM

A significant bearish stance has been taken on JPMorgan Chase (NYSE:JPM) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is split, with 44% bullish and 55% bearish. The whales have been targeting a price range from $135.0 to $160.0 for JPMorgan Chase over the last 3 months. The price of JPM is currently down -0.95% at $145.74. RBC Capital and HSBC have downgraded their actions on JPMorgan Chase, while Morgan Stanley maintains their Overweight rating.

Portfolio Pulse from Benzinga Insights

September 22, 2023 | 7:00 pm

BAC

Unusual options activity has been observed for Bank of America (NYSE:BAC), with a large position indicating a bullish stance. The options scanner at Benzinga spotted 48 uncommon trades, with a sentiment split of 66% bullish and 33% bearish. The whales have been targeting a price range from $20.0 to $40.0 for Bank of America over the last 3 months. HSBC, Piper Sandler, and RBC Capital have given their expert opinions on the bank's stock.

Portfolio Pulse from Benzinga Insights

September 22, 2023 | 6:45 pm

LEN

Lennar Corporation (NYSE:LEN) has seen unusual options activity, with a significant number of investors taking a bearish stance. Of the 21 strange trades detected, 52% were bearish and 47% bullish. The total amount for puts was $607,471 and for calls, $294,607. Whales have been targeting a price range from $110.0 to $120.0 for Lennar over the last 3 months. The current price of LEN is $113.0, down -0.12%. Analysts from BTIG, UBS, JP Morgan, Citigroup, and RBC Capital have maintained their ratings on Lennar.

Portfolio Pulse from Benzinga Insights

September 22, 2023 | 6:45 pm