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LRCX

Unusual options activity has been observed for Lam Research (NASDAQ:LRCX), with a large position indicating a bullish stance. The options scanner at Benzinga spotted 18 uncommon trades, split 50% bullish and 50% bearish. The whales have been targeting a price range from $300.0 to $760.0 for Lam Research over the last 3 months. Stifel, Citigroup, and Mizuho have all maintained a 'Buy' rating on Lam Research.

Portfolio Pulse from Benzinga Insights

July 25, 2023 | 4:31 pm

SHOP

A significant number of bearish trades have been observed in Shopify's (NYSE:SHOP) options history, with 70% of investors taking a bearish stance and 30% bullish. The majority of the trades are puts, totaling $405,157, compared to calls totaling $69,025. Whales have been targeting a price range from $33.0 to $105.0 for Shopify over the last 3 months. Shopify's current price is down -1.14% at $65.42. Analysts have mixed opinions, with downgrades from Evercore ISI Group and Morgan Stanley, upgrades from MoffettNathanson, and neutral ratings from Credit Suisse and Mizuho.

Portfolio Pulse from Benzinga Insights

July 25, 2023 | 4:31 pm

AI

There has been a significant option alert for C3.ai with Sep 15 $45 calls sweep near the ask, involving 161 contracts at $4.6 each, compared to an open interest of 1189. The company is expected to announce earnings on August 30 after market close. The reference price is $40.02.

Portfolio Pulse from Charles Gross

July 25, 2023 | 4:30 pm

LRCX

Lam Research (NASDAQ:LRCX) has outperformed the market over the past 20 years, producing an average annual return of 18.55%. If an investor had bought $1000 of LRCX stock 20 years ago, it would be worth $29,916.48 today.

Portfolio Pulse from Benzinga Insights

July 25, 2023 | 4:30 pm

AZO

AutoZone (NYSE:AZO) has outperformed the market over the past 15 years, producing an average annual return of 21.72%. If an investor had bought $100 of AZO stock 15 years ago, it would be worth $1,911.49 today. The company currently has a market capitalization of $45.47 billion.

Portfolio Pulse from Benzinga Insights

July 25, 2023 | 4:30 pm

APLD

Needham has maintained a Buy rating on Applied Digital's stock and raised its price target from $16 to $17.5, leading to a rise in the company's shares.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 4:29 pm

BIIB

Biogen's shares are trading lower following the company's Q2 results announcement.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 4:27 pm

GLD

IWF

TLT

UUP

VIXY

Investors are awaiting the Federal Open Market Committee (FOMC) meeting’s interest rate decision, which is expected to have a significant impact on the market. The market has already priced in a 25-basis-point rate hike. A hawkish attitude from Fed Chair Jerome Powell would likely catch markets off guard, while a dovish stance might solidify existing market expectations. Five major ETFs that are likely to see significant activity in reaction to the Fed interest rate decision are Invesco DB USD Index Bullish Fund ETF (UUP), iShares 20+ Year Treasury Bond ETF (TLT), SPDR Gold Trust (GLD), iShares Russell 1000 Growth ETF (IWF), and ProShares Trust VIX Short-Term Futures ETF (VIXY).

Portfolio Pulse from Piero Cingari

July 25, 2023 | 4:20 pm

MSFT

Microsoft Corp (NASDAQ:MSFT) shares are trading higher by 1.32% to $349.68. The company's fourth-quarter earnings report is expected after the market close today. Analysts estimate a revenue of $55.47 billion and EPS of $2.55. In the previous fiscal year's fourth quarter, Microsoft recorded earnings per share of $2.23 and revenue of $51.87 billion. The company expects fourth-quarter revenue to be between $54.85 billion and $55.85 billion.

Portfolio Pulse from Henry Khederian

July 25, 2023 | 4:19 pm

DAL

JBLU

LUV

UAL

ULCC

Airline stocks are trading lower in sympathy with Alaska Air, which reported Q2 earnings and guided 0-3% topline growth in the third quarter. This has affected the stocks of DAL, JBLU, LUV, UAL, ULCC.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 4:18 pm