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ARKK

ROKU

TARK

TSLA

The Ark Innovation ETF (ARKK) rose by 0.75% after Cathie Wood, CEO and CIO of ARK Invest, defended her $2,000 price target for Tesla (TSLA). ARKK holds a large position in Tesla, which surged by almost 5%. Investors looking for leveraged long exposure to ARKK can consider the AXS 2x Innovation ETF (TARK), which aims to return 200% of ARKK's daily performance. ARKK's largest holdings are Tesla, Roku (ROKU), and Zoom Video Communications. TARK could rise towards the $80 mark if it breaks up from the flag and channel pattern on higher-than-average volume.

Portfolio Pulse from Melanie Schaffer

September 05, 2023 | 5:57 pm

TCOM

Mizuho analyst James Lee reiterated a Buy rating on Trip.com Group Ltd (TCOM) and raised the price target from $50 to $55. The company's Q2 FY23 revenues rose 180% Y/Y to RMB11.2 billion, led by a travel market recovery. The analyst expects FY23 revenue to fully recover and grow 23% vs. FY19. The analyst also increased FY24E EBITDA by 8% to RMB12.2 billion and introduced FY25E EBITDA at RMB13.4 billion.

Portfolio Pulse from Shivani Kumaresan

September 05, 2023 | 5:57 pm

AVY

Truist Securities analyst Michael Roxland reiterated a Buy rating on Avery Dennison Corp (NYSE:AVY) with an unchanged price target of $215. The analyst highlighted a 40% growth in Intelligent Labels and the end of destocking across most markets. Despite some potential weakness in Europe due to softer consumer demand, the end of destocking is expected to improve volume decline rates. The company is also experiencing growth in other verticals such as food and general merchandise.

Portfolio Pulse from Shivani Kumaresan

September 05, 2023 | 5:53 pm

UAL

The Federal Aviation Administration (FAA) has announced via Twitter that United Airlines has lifted the ground stop for the U.S. and Canada.

Portfolio Pulse from Happy Mohamed

September 05, 2023 | 5:53 pm

A significant amount of unusual options activity has been observed for Visa (NYSE:V), with a majority of investors taking a bullish stance. The targeted price range for Visa over the last 3 months has been between $115.0 and $305.0. The current price of Visa is down by 0.96% at $245.74. Analysts from Mizuho, JP Morgan, and Wedbush have given price targets of $255, $296, and $270 respectively.

Portfolio Pulse from Benzinga Insights

September 05, 2023 | 5:46 pm

CMG

A significant investor has taken a bearish stance on Chipotle Mexican Grill (NYSE:CMG), with 62% of the investors opening trades with bearish expectations. The whales have been targeting a price range from $1500.0 to $2050.0 for Chipotle over the last 3 months. The price of CMG is currently down -0.13% at $1936.0, and RSI indicators suggest that the stock may be approaching overbought. The next earnings are expected to be released in 49 days.

Portfolio Pulse from Benzinga Insights

September 05, 2023 | 5:45 pm

TSM

A significant bearish stance has been taken on Taiwan Semiconductor (NYSE:TSM) by a large investor, 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 $50.0 to $100.0 for Taiwan Semiconductor over the last 3 months.

Portfolio Pulse from Benzinga Insights

September 05, 2023 | 5:45 pm

CNFR

IGIC

MRAI

RELI

During Tuesday's intraday session, insurance stocks showed mixed performance. Marpai, Intl General Insurance, Abacus Life, National Western Life, Enstar Gr, and Bright Health Gr were the gainers, with their stocks increasing by 4.93%, 1.13%, 1.09%, 1.09%, 0.87%, and 0.7% respectively. On the other hand, Conifer Holdings, Reliance Global Group, Heritage Insurance Hldgs, NI Holdings, Oscar Health, and SelectQuote saw their stocks decline by 11.15%, 10.57%, 7.33%, 4.71%, 4.56%, and 4.44% respectively.

Portfolio Pulse from Benzinga Insights

September 05, 2023 | 5:40 pm

ALGN

BMY

CARA

CYTK

HZNP

MRNA

PFE

SYK

TLRY

VEEV

Benzinga's options activity scanner has identified significant options activity in the Health Care sector. Ten stocks have been highlighted: HZNP, PFE, TLRY, SYK, VEEV, ALGN, MRNA, BMY, CYTK, and CARA. The activity includes both call and put options, with varying sentiments and expiration dates.

Portfolio Pulse from Benzinga Insights

September 05, 2023 | 5:35 pm

DHI

DKS

EXPE

FND

LEN

MGM

NIO

TSLA

VFC

Benzinga's options activity scanner has identified significant options activity in the Consumer Discretionary sector. Notable trades include bullish call option sweeps for TSLA and MGM, and bearish call option trades for LI and DHI. Other companies with notable options activity include EXPE, NIO, DKS, VFC, FND, and LEN.

Portfolio Pulse from Benzinga Insights

September 05, 2023 | 5:35 pm