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EWJ

The Japanese government has reported that a missile has flown past towards the Pacific Ocean. The news may have implications for the iShares MSCI Japan ETF (EWJ).

Portfolio Pulse from Benzinga Newsdesk

August 23, 2023 | 7:09 pm

BGNE

GILD

ITOS

MRK

RCUS

RHHBY

Roche Holdings inadvertently disclosed the second interim analysis of Phase 3 SKYSCRAPER-01 study, evaluating tiragolumab plus Tecentriq for non-small cell lung cancer. The update boosted shares of Iteos Therapeutics and Arcus Biosciences, who are also working on TIGIT-blocking cancer treatments. Other companies working in this area include Gilead Sciences, Merck & Co, and BeiGene.

Portfolio Pulse from Vandana Singh

August 23, 2023 | 7:05 pm

TGT

A significant bearish stance has been taken on Target (NYSE:TGT) by a large investor or institution, as indicated by unusual options trading activity. The sentiment among these big-money traders is 70% bearish and 30% bullish. The options trades include 4 puts totaling $1,564,272 and 6 calls totaling $409,452. The price range targeted by these whales over the last 3 months is from $90.0 to $195.0.

Portfolio Pulse from Benzinga Insights

August 23, 2023 | 7:05 pm

X

United States Steel's shares are trading lower following Esmark's announcement that it will not make a bid for the company.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2023 | 7:05 pm

F

Benzinga's options scanner detected over 12 options trades for Ford Motor (NYSE:F) totaling $954,701. Whales have been targeting a price range from $10.0 to $13.0 for Ford Motor over the last 3 months. The price of F is up 0.51% at $11.93. Morgan Stanley downgraded its action to Overweight with a price target of $16, while Daiwa Capital and JP Morgan maintained their Neutral and Overweight ratings respectively, with a price target of $13 and $16. Benchmark downgraded its action to Buy with a price target of $20, and Jefferies downgraded its action to Hold with a price target of $15.

Portfolio Pulse from Benzinga Insights

August 23, 2023 | 7:05 pm

META

Meta Platforms, Inc. (NASDAQ:META) shares traded higher amid overall strength in the tech sector and anticipation surrounding Nvidia's second-quarter earnings report. The report is viewed as a critical moment for the market. Meta's stock is up 145.03% year-to-date.

Portfolio Pulse from Ryan Gustafson

August 23, 2023 | 7:03 pm

EEFT

Needham analyst Mayank Tandon has reiterated a Buy rating on Euronet Worldwide, Inc. (NASDAQ:EEFT), but lowered the price target from $125 to $115. Tandon cited reduced intra-European travel transactions due to inflationary pressures and macro uncertainty as reasons for the adjustment. Despite this, Tandon believes EEFT's diversified payment businesses should generate mid to high-teens EPS growth over the long term. The analyst also lowered the EBITDA and EPS estimates for FY23/FY24.

Portfolio Pulse from Nabaparna Bhattacharya

August 23, 2023 | 7:01 pm

BCHUSD

Bitcoin Cash (CRYPTO: BCH) has seen a 5.23% increase in price over the past 24 hours, reaching $193.9. This is in contrast to its 11.0% loss over the past week. The coin's trading volume has decreased by 53.0% over the past week, while its circulating supply has increased by 0.13%, bringing the total to 19.48 million. The current market cap ranking for BCH is #19 at $3.77 billion.

Portfolio Pulse from Benzinga Insights

August 23, 2023 | 7:00 pm

ALAR

Alarum Technologies (NASDAQ:ALAR) is set to release its latest quarterly earnings report on August 24, 2023. Analysts estimate an earnings per share (EPS) of $-0.24. The company's past performance shows a pattern of beating EPS estimates but experiencing a drop in share price. The stock is currently trading at $2.4, down 52.53% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

August 23, 2023 | 7:00 pm

DOGEUSD

Dogecoin's price has risen 3.35% to $0.06 in the past 24 hours, contrary to its negative trend over the past week where it experienced an 8.0% loss. The trading volume for the coin has tumbled 40.0% over the past week along with the circulating supply of the coin, which has fallen 0.03%. The current market cap ranking for DOGE is #9 at $8.98 billion.

Portfolio Pulse from Benzinga Insights

August 23, 2023 | 7:00 pm