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SPKY

UVXY

Stock market volatility increased on Thursday due to major stock indices breaking down through the 50-day moving average. The Convexity Daily 1.5x SPIKES Futures ETF (SPKY) rose slightly in response to the bearish movement across stocks. SPKY is a 1.5x leveraged fund that follows the SPIKES Futures Short-Term Index, similar to the ProShares Ultra VIX Short Term Futures ETF (UVXY). The Federal Reserve’s monthly minutes revealed further monetary tightening could be on the horizon, which could add further downside pressure to the stock market.

Portfolio Pulse from Melanie Schaffer

August 17, 2023 | 4:56 pm

F

GM

VFS

Vietnamese EV maker VinFast Auto (VFS) has seen a significant rise in its stock value since its recent public listing, with a market capitalization of about $60 billion, surpassing Ford Motor (F) and General Motors (GM). Despite selling only about 11,300 EVs in the first half of 2023 and still being unprofitable, the company's stock has attracted the attention of short sellers. However, due to the limited number of shares available for trading, there is a potential risk of a short squeeze.

Portfolio Pulse from Happy Mohamed

August 17, 2023 | 4:53 pm

FCX

Kevin Simpson, the Founder and Chief Investment Officer of Capital Wealth Planning, announced on CNBC that he has increased his holdings in Freeport-McMoRan.

Portfolio Pulse from Happy Mohamed

August 17, 2023 | 4:52 pm

BGS

SBRA

Jenny Harrington, live on CNBC, announced that she has increased her investments in Sabra Health Care REIT and B&G Foods.

Portfolio Pulse from Happy Mohamed

August 17, 2023 | 4:51 pm

PL

Planet Labs (NYSE:PL) has secured a new contract with an undisclosed Ministry of Foreign Affairs in Asia for its global daily monitoring solution. The contract is said to have a seven-figure annual value. The company's shares are currently trading lower by 0.45% to $3.2950.

Portfolio Pulse from Nabaparna Bhattacharya

August 17, 2023 | 4:47 pm

JD

A significant bullish stance has been taken on JD.com (NASDAQ:JD) as evidenced by unusual options activity. The overall sentiment of these big-money traders is split between 64% bullish and 35% bearish. The whales have been targeting a price range from $27.5 to $50.0 for JD.com over the last 3 months. B of A Securities, Mizuho, and Citigroup have all maintained their Buy rating on JD.com with price targets of $51, $60, and $64 respectively.

Portfolio Pulse from Benzinga Insights

August 17, 2023 | 4:46 pm

CAT

A significant amount of unusual options activity has been observed for Caterpillar (NYSE:CAT), with a majority of investors taking a bearish stance. The price target for Caterpillar, based on volume and open interest, ranges from $240 to $370. The current price of CAT is $277.89, up 1.23%. Several financial institutions have maintained their ratings on Caterpillar, with price targets ranging from $250 to $323. The next earnings are expected in 70 days.

Portfolio Pulse from Benzinga Insights

August 17, 2023 | 4:45 pm

BKNG

A significant bearish stance has been taken on Booking Holdings (NASDAQ:BKNG) by a large investor, as observed in the unusual options activity. The sentiment among these big-money traders is split between 21% bullish and 78% bearish. The whales have been targeting a price range from $2740.0 to $3800.0 for Booking Holdings over the last 3 months. The price of BKNG is currently down -1.38% at $3151.17. Several financial institutions have maintained their positive ratings on Booking Holdings with price targets ranging from $2800 to $3740.

Portfolio Pulse from Benzinga Insights

August 17, 2023 | 4:45 pm

MDT

Medtronic Plc (NYSE:MDT) is set to report its Q1 FY24 earnings on 8/22/23. Analysts from Needham expect the company to beat consensus revenue and EPS due to strong elective procedure growth and conservative guidance from management. They also anticipate a raise in FY24 guidance. Medtronic's strategy includes mergers, acquisitions, and divestitures to boost its market growth rate. The company's shares are currently up 0.39% at $81.89.

Portfolio Pulse from Vandana Singh

August 17, 2023 | 4:36 pm

TMUS

T-Mobile US, Inc. (NASDAQ:TMUS) has launched its latest REVVL lineup, including the REVVL tablet or REVVL TAB 5G, and 5G smartphones - the new REVVL 6x PRO 5G and REVVL 6x 5G. The devices, packed with premium 5G features, will be available at T-Mobile and Metro by T-Mobile starting August 24. Despite the new product launch, TMUS shares are trading lower by 1.10% to $136.71.

Portfolio Pulse from Nabaparna Bhattacharya

August 17, 2023 | 4:34 pm