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CHWY

Chewy's shares are trading higher following a statement from William Blair that an increase in active customers in Q2 presents a buying opportunity.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2023 | 7:48 pm

RIVN

Rivian's stock is trading higher, benefiting from the overall market strength.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2023 | 7:46 pm

MU

A significant bearish stance has been taken on Micron Technology (NASDAQ:MU) by a large investor, as indicated by unusual options activity. The overall sentiment of these big-money traders is split between 39% bullish and 60% bearish. The whales have been targeting a price range from $50.0 to $90.0 for Micron Technology over the last 3 months. The price of MU is currently up 2.42% at $66.89.

Portfolio Pulse from Benzinga Insights

August 29, 2023 | 7:46 pm

GS

A large bearish position has been taken on Goldman Sachs Gr (NYSE:GS), as observed in publicly available options history. The overall sentiment of these big-money traders is split between 38% bullish and 61% bearish. Whales have been targeting a price range from $150.0 to $460.0 for Goldman Sachs Gr over the last 3 months. Atlantic Equities upgraded its action to Neutral with a price target of $351, while Oppenheimer maintained their Outperform rating with a price target of $461.

Portfolio Pulse from Benzinga Insights

August 29, 2023 | 7:46 pm

ENPH

Enphase Energy (NASDAQ:ENPH) has seen unusual options activity, with a large bearish position appearing in publicly available options history. The overall sentiment of these big-money traders is split between 32% bullish and 67% bearish. Out of the special options, 27 are puts, for a total amount of $960,270, and 4 are calls, for a total amount of $345,438. Whales have been targeting a price range from $90.0 to $165.0 for Enphase Energy over the last 3 months. Goldman Sachs, Keybanc, and Truist Securities have all maintained their positive ratings on Enphase Energy.

Portfolio Pulse from Benzinga Insights

August 29, 2023 | 7:46 pm

GPS

Gap Inc.'s shares are trading higher, benefiting from the overall market strength.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2023 | 7:44 pm

NKLA

Nikola Corporation's shares are trading higher despite a 50.94% drop for the month. The company recently announced an agreement to sell up to $325 million in senior convertible notes, expecting to generate net proceeds of about $124.5 million. This news led to a fall in the stock price. Additionally, Nikola voluntarily recalled approximately 209 Class 8 Tre battery-electric vehicles, causing another dip in shares. The company's stock also traded lower following the sudden resignation of President and CEO Michael Lohscheller in early August.

Portfolio Pulse from Ryan Gustafson

August 29, 2023 | 7:42 pm

AMZN

CRM

GOOG

META

MSFT

NVDA

ORCL

Wedbush analyst Daniel Ives has given an Outperform rating to Nvidia, Amazon, Alphabet, Meta Platforms, Salesforce, and Microsoft, predicting a $1 trillion AI-driven opportunity in the tech sector. Nvidia's AI demand is expected to drive growth in the tech industry over the next 12-18 months. The analyst does not expect Microsoft, Salesforce, or Oracle to report comparable quarterly earnings like Nvidia. The AI growth will impact consumer internet starting with Amazon's AWS and Alphabet's GCP.

Portfolio Pulse from Anusuya Lahiri

August 29, 2023 | 7:32 pm

AAPL

Apple's stock is trading higher, benefiting from the overall strength in the market.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2023 | 7:31 pm

WBA

A significant amount of unusual options activity has been detected for Walgreens Boots Alliance (NASDAQ:WBA), with a bearish stance being taken by a majority of investors. Of the 10 strange trades detected, 60% were bearish and 40% bullish. The total amount for puts was $844,764 and for calls was $86,648. Whales have been targeting a price range from $20.0 to $50.0 for Walgreens Boots Alliance over the last 3 months. The current price of WBA is up 0.85% at $25.39. Credit Suisse has maintained their Neutral rating on Walgreens Boots Alliance, with a price target of $30.

Portfolio Pulse from Benzinga Insights

August 29, 2023 | 7:31 pm