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META

MSFT

Microsoft Corp (NASDAQ:MSFT) stock is trading higher after announcing Bing Chat Enterprise and Microsoft 365 Copilot pricing. The company is expanding Bing to reach new audiences and has announced Visual Search in Chat. Microsoft also disclosed expanding its AI partnership with Meta Platforms Inc (NASDAQ:META) with Llama 2 on Azure and Windows. MSFT shares traded higher by 5.8% at $365.65.

Portfolio Pulse from Anusuya Lahiri

July 18, 2023 | 5:49 pm

ESS

Stifel analyst Simon Yarmak has downgraded Essex Property Trust Inc (NYSE:ESS) to Hold from Buy, citing below-average FFO growth and market challenges. Despite ESS being one of the top-performing REITs this year, Yarmak believes the shares have had their run. He also reduced FFO estimates for 2023 and 2024. ESS shares are currently trading lower by 1.76% at $238.27.

Portfolio Pulse from Lekha Gupta

July 18, 2023 | 5:48 pm

AREB

NMTR

SHPH

During Tuesday's trading, 46 companies set new 52-week lows. The largest company by market cap to set a new 52-week low was TELUS (NYSE:TU). American Rebel Holdings (NASDAQ:AREB) was the smallest firm on a market cap basis to set a new 52-week low. 9 Meters Biopharma (NASDAQ:NMTR) was the biggest loser, trading down 68.25% to reach its 52-week low. Shuttle Pharmaceuticals (NASDAQ:SHPH) saw the sharpest rebound, as shares ascended 0.0%, reversing after hitting a new 52-week low.

Portfolio Pulse from Benzinga Insights

July 18, 2023 | 5:47 pm

MELI

A whale investor has taken a bearish stance on MercadoLibre (NASDAQ:MELI), with 63% of the spotted trades being bearish. The whales have been targeting a price range from $1050.0 to $1370.0 for MercadoLibre over the last 3 months. The price of MELI is up 1.07% at $1191.85, and RSI indicators suggest it may be approaching overbought. B of A Securities has downgraded its action to Neutral with a price target of $1350.

Portfolio Pulse from Benzinga Insights

July 18, 2023 | 5:46 pm

A significant investor has taken a bearish stance on Visa (NYSE:V), with 75% of the detected trades being bearish. The trades include 4 puts amounting to $773,700 and 12 calls amounting to $528,233. The targeted price range for Visa over the last 3 months has been $210.0 to $270.0. The current price of Visa is down by 1.3% at $240.83.

Portfolio Pulse from Benzinga Insights

July 18, 2023 | 5:45 pm

CRD

DGICB

GSHD

HALL

HCI

HUIZ

KINS

LMND

MRAI

OXBR

ROOT

SAFT

During Tuesday's intraday session, insurance stocks showed mixed performance. Gainers included Lemonade (LMND), Kingstone Companies (KINS), Oxbridge Re Holdings (OXBR), Goosehead Insurance (GSHD), Root (ROOT), and Crawford (CRD). Losers included Hallmark Financial Servs (HALL), Huize Holding (HUIZ), Marpai (MRAI), Donegal Gr (DGICB), HCI Group (HCI), and Safety Insurance Group (SAFT).

Portfolio Pulse from Benzinga Insights

July 18, 2023 | 5:40 pm

BAC

BOH

Bank of Hawaii Corp (BOH) shares are trading higher by 7.75% amid earnings results from several banks. The company is expected to report EPS of $1.11 on revenue of $170.17 million in its upcoming second-quarter earnings report. Bank of America, a peer bank, announced a notable year-over-year net income growth of 19% for the second quarter of FY23.

Portfolio Pulse from Henry Khederian

July 18, 2023 | 5:40 pm

UUP

The June Retail Sales Report has sparked varying interpretations among economists, with some noting a cooling off of consumer activity and others highlighting the third consecutive month of positive retail spending. Industrial and manufacturing production contracted in June, while traders expect a 0.25% interest rate increase by the Federal Reserve. The U.S. dollar index, tracked by the Invesco DB USD Index Bullish Fund ETF (UUP), rose by 0.1%.

Portfolio Pulse from Piero Cingari

July 18, 2023 | 5:38 pm

AMC

ATVI

BIDU

DIS

DISH

GOOGL

META

NFLX

PINS

RBLX

The article reports on the options activity of 10 communication services stocks in today's session. The stocks include Meta Platforms (META), AMC Entertainment (AMC), Activision Blizzard (ATVI), Roblox (RBLX), Netflix (NFLX), Walt Disney (DIS), Alphabet (GOOGL), Baidu (BIDU), Pinterest (PINS), and Dish Network (DISH). The article provides details on the type of options activity (put/call), trade type, sentiment, expiration date, strike price, total trade price, open interest, and volume for each stock.

Portfolio Pulse from Benzinga Insights

July 18, 2023 | 5:35 pm

CVNA

DASH

GOEV

HZO

RIVN

TSLA

VZIO

Benzinga's options activity scanner has identified significant options activity in the Consumer Discretionary sector. Notable transactions include bullish call options for TSLA and GOEV, and bearish call options for F, RIVN, LI, and VZIO. Bearish put options were observed for HZO, CVNA, and DASH, while W saw bullish put options.

Portfolio Pulse from Benzinga Insights

July 18, 2023 | 5:35 pm