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AAOI

PGY

RBT

UTME

During Tuesday's intraday session, several information technology stocks experienced significant movements. Gainers included Rubicon Technologies (RBT), Pagaya Techs (PGY), D-Wave Quantum (QBTS), Wrap Technologies (WRAP), Blend Labs (BLND), and WaveDancer (WAVD). Losers included UTime (UTME), Gorilla Tech Gr (GRRR), Argo Blockchain (ARBK), Tingo Group (TIO), Hitek Global (HKIT), and Applied Optoelectronics (AAOI).

Portfolio Pulse from Benzinga Insights

July 18, 2023 | 5:31 pm

PANW

Unusual options activity has been observed for Palo Alto Networks (NASDAQ:PANW), with a large position indicating a bullish stance. The sentiment among these big-money traders is split between 55% bullish and 45% bearish. The price target for PANW, based on volume and open interest, ranges from $180 to $260. Several financial institutions, including Oppenheimer, JP Morgan, Morgan Stanley, RBC Capital, and BTIG, have maintained positive ratings on PANW, with price targets ranging from $277 to $307.

Portfolio Pulse from Benzinga Insights

July 18, 2023 | 5:30 pm

GOOGL

Alphabet (NASDAQ:GOOGL) has outperformed the market over the past 10 years by 8.14% on an annualized basis, producing an average annual return of 18.5%. If an investor had bought $100 of GOOGL stock 10 years ago, it would be worth $541.91 today.

Portfolio Pulse from Benzinga Insights

July 18, 2023 | 5:30 pm

BAC

GS

Goldman Sachs Group Inc (GS) shares are trading higher by 2.5% amid earnings results from several banks. The company is expected to report EPS of $3.18 on revenue of $10.84 billion in its second-quarter earnings report. Bank of America announced a notable year-over-year net income growth of 19% for the second quarter of FY23, reaching $7.4 billion.

Portfolio Pulse from Henry Khederian

July 18, 2023 | 5:27 pm

MA

MSFT

NTAP

PNC

SPGI

Between Jan. 1, 2023, and July 18, 2023, Congress made a total of 6,090 trades across 1,447 individual stocks, accounting for a total volume of $288.02 million. The top five most traded stocks are Microsoft Corp (MSFT), NetApp Inc. (NTAP), Mastercard Inc (MA), S&P Global Inc (SPGI), and PNC Financial Services Group Inc (PNC). The top five politicians trading during the period include Ro Khanna, Michael McCaul, Daniel Sachs Goldman, Josh Gottheimer, and Tommy Tuberville.

Portfolio Pulse from AJ Fabino

July 18, 2023 | 5:23 pm

MSFT

The initial pricing details for Microsoft's (MSFT) Artificial Intelligence (AI) product have been released and are viewed as very bullish.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2023 | 5:16 pm

PDD

A significant bearish stance has been taken on PDD Holdings (NASDAQ:PDD) by a large investor, as indicated by unusual options trades. The sentiment among these big-money traders is split, with 44% bullish and 55% bearish. The whales have been targeting a price range from $40.0 to $115.0 for PDD Holdings over the last 3 months. Currently, PDD's price is down by 4.27% at $75.72.

Portfolio Pulse from Benzinga Insights

July 18, 2023 | 5:15 pm

ORCL

A significant bearish stance has been taken on Oracle (NYSE:ORCL) as indicated by unusual options activity. The sentiment among big-money traders is split between 43% bullish and 56% bearish. Whales have been targeting a price range from $75.0 to $160.0 for Oracle over the last 3 months. The price of ORCL is up 1.35% at $120.5. Next earnings are expected to be released in 55 days.

Portfolio Pulse from Benzinga Insights

July 18, 2023 | 5:15 pm

SPOT

A significant bearish stance has been taken on Spotify Technology (NYSE:SPOT) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is split between 35% bullish and 64% bearish. The price range targeted by these investors for Spotify over the last 3 months is from $95.0 to $185.0. Wells Fargo, Raymond James, and Goldman Sachs have maintained their ratings on Spotify, while Morgan Stanley has downgraded its action to Overweight.

Portfolio Pulse from Benzinga Insights

July 18, 2023 | 5:15 pm

JOBY

Joby Aviation shares are being closely watched following the circulation of a New York Times article on air taxis. The article may have mentioned Joby Aviation (JOBY).

Portfolio Pulse from Benzinga Newsdesk

July 18, 2023 | 5:09 pm