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USO

Aramco's CEO predicts a global oil demand of 110 million barrels per day by 2030. The United States Oil Fund (USO) is mentioned in the article.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 4:49 pm

F

GM

STLA

Treasury Secretary Janet Yellen stated that the U.S. economy shows no signs of a downturn, with inflation trending lower, a healthy labor market, and robust consumer spending. She also mentioned that it's too early to predict the potential impacts of the ongoing U.S. auto industry strikes. The strikes involve workers from Ford Motor Co, General Motors Co, and Stellantis N.V., who are demanding wage increases similar to the 40% increase CEOs have seen over the last four years.

Portfolio Pulse from Adam Eckert

September 18, 2023 | 4:48 pm

LAD

Lithia & Driveway announced its intention to enter a partnership with Pinewood Technologies and acquire the UK motor and fleet management divisions of Pendragon plc. This has led to a rise in the company's shares.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 4:47 pm

AAPL

QQQ

XLE

XOM

Energy stocks have outperformed tech stocks over the past three months, driven by a 30% rise in WTI-graded crude oil since mid-June. This is due to production cuts by Saudi Arabia and Russia, and a robust U.S. economy. The Nasdaq 100 index, represented by the Invesco QQQ Trust, showed a 39% increase in the first half of the year, largely due to the AI boom. However, in the last three months, the index has been flat, while energy stocks, represented by the Energy Select Sector SPDR Fund, have risen by 19%. The largest energy stock, Exxon Mobil Corp., has outperformed the largest tech stock, Apple Inc.

Portfolio Pulse from Piero Cingari

September 18, 2023 | 4:46 pm

CMG

A significant bearish stance has been taken on Chipotle Mexican Grill (NYSE:CMG) by a whale investor. Out of the unusual options trades detected, 85% were bearish and 14% bullish. The targeted price range for Chipotle over the last 3 months is $1500.0 to $2200.0. The current price of CMG is up 1.39% at $1939.0. Truist Securities and Wedbush have downgraded their actions to Buy and Outperform respectively, with price targets of $2230 and $2200.

Portfolio Pulse from Benzinga Insights

September 18, 2023 | 4:46 pm

BKNG

A significant bearish stance has been taken on Booking Holdings (NASDAQ:BKNG) by a large investor, as noticed by Benzinga's options scanner. The overall sentiment of these big-money traders is split between 45% bullish and 54% bearish. The whales have been targeting a price range from $2450.0 to $3800.0 for Booking Holdings over the last 3 months. The price of BKNG is up 0.39% at $3172.53, with RSI indicators hinting at an overbought situation.

Portfolio Pulse from Benzinga Insights

September 18, 2023 | 4:46 pm

CRWD

Unusual options activity has been observed for CrowdStrike Holdings (NASDAQ:CRWD), with a large position indicating a bullish stance. The options scanner at Benzinga spotted 24 uncommon trades, split 50% bullish and 50% bearish. Whales have been targeting a price range from $105.0 to $195.0 for CrowdStrike over the last 3 months. The price of CRWD is up 0.81% at $166.79. Analysts from UBS, BMO Capital, Barclays, Rosenblatt, and Guggenheim have maintained their positive ratings on CrowdStrike, with price targets ranging from $162 to $186.

Portfolio Pulse from Benzinga Insights

September 18, 2023 | 4:45 pm

AGNC

AGNC Investment has seen a significant increase in the volume of its Mar 15 $11 calls, with 1403 contracts traded near the ask price of $0.19, compared to an open interest of 695. The company is expected to release its earnings report on October 23 after market close. The reference price is $10.19.

Portfolio Pulse from Charles Gross

September 18, 2023 | 4:45 pm

T Stamp

T Stamp shares are trading higher following the announcement of the launch of its Tap-In-Band hypoallergenic NFC band.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2023 | 4:41 pm

KN

Knowles Corp (NYSE:KN) has agreed to acquire Cornell Dubilier for $263 million in an all-cash transaction. The acquisition is expected to expand Knowles' market through Cornell Dubilier's capacitor offerings and be accretive to Knowles' non-GAAP EPS in 2024. The deal is expected to close in Q4 2023. Knowles also announced it is reviewing strategic alternatives for its CMM business.

Portfolio Pulse from Shivani Kumaresan

September 18, 2023 | 4:39 pm