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BAC

Bank Of America Corporation reported better-than-expected Q2 financial results, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2023 | 3:21 pm

JD

A significant amount of unusual options activity has been detected for JD.com (NASDAQ:JD), with a mix of bullish and bearish stances. Of the 12 strange trades detected, 50% were bullish and 50% were bearish. The total amount for puts was $78,190 and for calls was $537,282. Whales have been targeting a price range from $30.0 to $50.0 for JD.com over the last 3 months. The current price of JD is down -4.1% at $36.23. Benchmark maintains a Buy rating on JD.com with a price target of $73.

Portfolio Pulse from Benzinga Insights

July 18, 2023 | 3:16 pm

SBUX

A significant bullish stance on Starbucks (NASDAQ:SBUX) has been observed through unusual options activity. The sentiment among these big-money traders is split between 60% bullish and 40% bearish. The price range targeted by these traders for Starbucks over the last 3 months is from $65.0 to $100.0. Current price of SBUX is $100.75. Analysts from Stephens & Co., Morgan Stanley, and TD Cowen have given price targets of $110, $104, and $117 respectively.

Portfolio Pulse from Benzinga Insights

July 18, 2023 | 3:15 pm

HLIO

PII

Helios Technologies Inc (NYSE:HLIO) announced the retirement of its CFO, Tricia L. Fulton, who served the company for 26 years. Sean P. Bagan, currently Vice President, Finance – Business Unit CFO for International & Shared Services at Polaris Inc (NYSE:PII), has been appointed as the new CFO. Bagan will assume his new role after Helios' earnings call on August 8. Following the news, HLIO shares traded lower by 0.84% at $64.06.

Portfolio Pulse from Shivani Kumaresan

July 18, 2023 | 3:14 pm

UAL

United Airlines Holdings Inc (NASDAQ:UAL) has announced plans to expand its Asia-Pacific network, including launching the first direct flight from the continental U.S. to Manila. The company will also add more non-stop flights to Tokyo, Hong Kong, and Taipei starting in October. This will make UAL's transpacific network 50% more robust than all other U.S. airlines combined, excluding mainland China flights. In April, UAL expanded its South Pacific network by adding a direct flight to Christchurch, New Zealand. UAL shares are up 1.09% at $53.91.

Portfolio Pulse from Lekha Gupta

July 18, 2023 | 3:13 pm

MS

Morgan Stanley's shares are trading higher following the release of their Q2 financial results, which exceeded expectations.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2023 | 3:10 pm

SCHW

Charles Schwab's shares are trading higher following the release of their Q2 financial results, which exceeded expectations. The company also issued guidance.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2023 | 3:10 pm

UNH

UnitedHealth Group Inc (NYSE:UNH) announced its Q2 earnings, which led to an increase in its share price. Bernstein analyst Lance Wilkes upgraded the rating on UnitedHealth from Market-Perform to Outperform and raised the price target from $595 to $603. Wilkes believes that the current valuation of the stock does not reflect the company’s long-term growth prospects.

Portfolio Pulse from Priya Nigam

July 18, 2023 | 3:09 pm

CVM

CEL-SCI Corporation's shares are down by 21.3% after the company priced its public offering of 2.5 million shares at $2.00 per share, expected to generate $5 million. The proceeds will fund the development of Multikine and support general corporate purposes. The closing is scheduled for July 20.

Portfolio Pulse from Henry Khederian

July 18, 2023 | 3:07 pm

BAC

PACW

PacWest Bancorp's (PACW) shares are trading higher by 6.6% amid positive earnings results from several banks. The company is set to release its second-quarter earnings report on July 25, with an expected EPS of 19 cents on revenue of $75.88 million. Bank of America, a peer bank, reported a 19% YoY net income growth for Q2 FY23.

Portfolio Pulse from Henry Khederian

July 18, 2023 | 3:06 pm