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MRK

A significant bullish stance has been taken on Merck & Co (NYSE:MRK) as evidenced by unusual options activity. The sentiment among these big-money traders is split between 53% bullish and 46% bearish. Whales have been targeting a price range from $85.0 to $115.0 for Merck & Co over the last 3 months. Morgan Stanley and HSBC have downgraded their actions to Equal-Weight and Hold respectively, with price targets of $109 and $123.

Portfolio Pulse from Benzinga Insights

July 17, 2023 | 6:16 pm

CVX

A significant bearish stance has been taken on Chevron (NYSE:CVX) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is 80% bearish and 20% bullish. The whales have been targeting a price range from $85.0 to $170.0 for Chevron over the last 3 months. Chevron's current price is $153.72, with next earnings expected in 11 days. Analysts from Raymond James, Mizuho, and Citigroup maintain their ratings on Chevron with price targets of $200, $205, and $170 respectively.

Portfolio Pulse from Benzinga Insights

July 17, 2023 | 6:16 pm

FACT

Shares of Freedom Acquisition I Corp. were halted on a circuit breaker to the downside, but have since resumed trading and are now up 88%.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2023 | 6:16 pm

GD

LMT

RTX

The Pentagon has announced that the U.S. will send additional F-35 and F-16 jets, along with a warship, to the Middle East to defend U.S. interests and safeguard freedom of navigation. This could potentially increase demand for products from defense contractors such as Lockheed Martin (LMT), General Dynamics (GD), and Raytheon Technologies (RTX).

Portfolio Pulse from Benzinga Newsdesk

July 17, 2023 | 6:12 pm

FACT

Shares of Freedom Acquisition I Corp. were halted on a circuit breaker due to a sharp increase in the stock price, which is now up by 52%.

Portfolio Pulse from Happy Mohamed

July 17, 2023 | 6:07 pm

SPY

UNG

USO

The U.S. Energy Information Administration (EIA) has projected that total shale oil production in the U.S. will decrease by approximately 18,000 barrels per day in August, reaching 9.399 million barrels per day. This is a significant shift from the 5,900 barrels per day increase observed in July.

Portfolio Pulse from Happy Mohamed

July 17, 2023 | 6:06 pm

GD

General Dynamics (NYSE:GD) has outperformed the market over the past 20 years, producing an average annual return of 8.94%. If an investor had bought $100 of GD stock 20 years ago, it would be worth $550.39 today. The company currently has a market capitalization of $59.50 billion.

Portfolio Pulse from Benzinga Insights

July 17, 2023 | 6:01 pm

DV

Analysts have provided ratings for DoubleVerify Hldgs (NYSE:DV) within the last quarter, with 15 bullish and no bearish ratings. The average price target is $39.8, slightly below the current price of $39.9526. This average price target has increased by 9.67% over the past month.

Portfolio Pulse from Benzinga Insights

July 17, 2023 | 6:01 pm

BDX

Becton, Dickinson (NYSE:BDX) has outperformed the market over the past 20 years, producing an average annual return of 10.33%. If an investor had bought $1000 of BDX stock 20 years ago, it would be worth $6,827.23 today.

Portfolio Pulse from Benzinga Insights

July 17, 2023 | 6:01 pm

AFL

Over the past 3 months, 6 analysts have published their opinion on Aflac (NYSE:AFL) stock. The company has an average price target of $72.67, an increase of 0.93% from the previous average price target of $72.00. The ratings are mixed with 1 bullish, 2 somewhat bullish, and 3 indifferent.

Portfolio Pulse from Benzinga Insights

July 17, 2023 | 6:01 pm