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Stock Prices

SPY

The market is currently experiencing a significant imbalance, with $489 million leaning towards the sell side. This could potentially impact the SPY ETF.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2023 | 7:52 pm

APPH

NMTR

SWKH

On Monday, 70 companies hit new 52-week lows. Estee Lauder Cos was the largest firm by market cap to set a new 52-week low, while 9 Meters Biopharma was the smallest. AppHarvest was the biggest loser, trading down 70.3% to reach its 52-week low, while SWK Holdings was the biggest winner, with shares trading up 0.0% after rebounding from its new 52-week low.

Portfolio Pulse from Benzinga Insights

July 24, 2023 | 7:48 pm

AMC

APLD

APPH

KOD

TUP

XXII

U.S. stocks traded higher with the Dow Jones gaining around 175 points. Energy shares climbed by 1.7% while utilities shares fell by 0.5%. Tupperware Brands Corporation (TUP), AMC Entertainment Holdings, Inc. (AMC), and Applied Digital Corporation (APLD) saw significant gains. AppHarvest, Inc. (APPH), Kodiak Sciences Inc. (KOD), and 22nd Century Group, Inc. (XXII) experienced significant losses.

Portfolio Pulse from Lisa Levin

July 24, 2023 | 7:47 pm

PNC

Unusual options activity has been observed for PNC Financial Services Group (NYSE:PNC), with a large position indicating a bullish stance. The activity includes 10 uncommon options trades, split between 60% bullish and 40% bearish. The targeted price range for PNC over the last 3 months is $135.0. Morgan Stanley has downgraded PNC to Underweight with a price target of $137, while Credit Suisse maintains a Neutral rating with a price target of $135.

Portfolio Pulse from Benzinga Insights

July 24, 2023 | 7:45 pm

A significant bearish stance has been taken on Sea (NYSE:SE) as evidenced by unusual options activity. The overall sentiment of these big-money traders is split between 16% bullish and 83% bearish. Out of the special options, 9 are puts, for a total amount of $701,269, and 3 are calls, for a total amount of $112,380. The whales have been targeting a price range from $30.0 to $90.0 for Sea over the last 3 months.

Portfolio Pulse from Benzinga Insights

July 24, 2023 | 7:45 pm

AAPL

COIN

COST

MSFT

WMT

Benzinga users have identified Microsoft, Apple, Coinbase, Costco, Visa, Ford, and Walmart as their long-term stock investment favorites. Microsoft's shares are performing well this year, with analysts predicting further growth. Apple's dominant market position and recent push into AI and AR make it a popular choice. Despite a significant drop from its IPO price, Coinbase's stock is up nearly 200% YTD. Costco, Visa, Ford, and Walmart are also favored for their consistent growth and strong market positions.

Portfolio Pulse from AJ Fabino

July 24, 2023 | 7:37 pm

PLTR

Palantir Technologies Inc. (NYSE:PLTR) shares hit new 52-week highs last week before pulling back. The stock is still up more than 100% over the last three months, driven by the company's AI exposure and strong demand for its new AI platform. The company also announced a partnership with SpectorOps to provide the government sector with SpectorOps' BloodHound Enterprise solution. Palantir is set to report second-quarter earnings on Aug. 7, with expected earnings of five cents per share and revenue of $530.63 million.

Portfolio Pulse from Ryan Gustafson

July 24, 2023 | 7:33 pm

SPY

The market on close imbalance is leaning towards the sell-side with $3M. SPY may be mentioned in the article.

Portfolio Pulse from Happy Mohamed

July 24, 2023 | 7:32 pm

NKE

A large bearish position has been taken on Nike (NYSE:NKE), as observed in publicly available options history. The sentiment among these big-money traders is split between 38% bullish and 61% bearish. The whales have been targeting a price range from $55.0 to $130.0 for Nike over the last 3 months. The price of NKE is currently down -0.27% at $108.77, and RSI indicators suggest the stock may be approaching oversold.

Portfolio Pulse from Benzinga Insights

July 24, 2023 | 7:30 pm

CDNS

Cadence Design Sys (NASDAQ:CDNS) has outperformed the market over the past 10 years by 22.09% on an annualized basis, producing an average annual return of 32.5%. If an investor had bought $100 of CDNS stock 10 years ago, it would be worth $1,679.85 today.

Portfolio Pulse from Benzinga Insights

July 24, 2023 | 7:30 pm