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AMD

NVDA

SOXL

SOXS

The Direxion Daily Semiconductor Bull 3X Shares (SOXL) ETF, which includes stocks from Nvidia and AMD, experienced a spike before trading mostly flat. The semiconductor sector is in a bull cycle, with Nvidia and AMD benefiting. SOXL is a triple-leveraged fund, with AMD making up 7.03% and Nvidia 8.81%. The S&P 500 may be indicating a bearish reversal, which could provide a solid entry for bullish traders with SOXL's 3X leverage. Direxion's leveraged funds are designed for short-term traders.

Portfolio Pulse from Melanie Schaffer

July 14, 2023 | 4:52 pm

HON

Honeywell Intl's (NYSE:HON) short percent of float has fallen 5.56% since its last report, with 5.67 million shares sold short, which is 0.85% of all regular shares available for trading. This decrease in short interest could signal a more bullish sentiment towards the stock. However, it does not necessarily mean that the stock price will rise in the near term. Compared to its peers, Honeywell has less short interest as a percentage of float, with an average of 5.26%.

Portfolio Pulse from Benzinga Insights

July 14, 2023 | 4:45 pm

AMGN

Amgen's (NYSE:AMGN) short percent of float has fallen 3.7% since its last report, with 6.95 million shares sold short, which is 1.3% of all regular shares available for trading. It would take traders 2.37 days to cover their short positions on average. The decrease in short interest can signal that investors have become more bullish. Amgen's peer group average for short interest as a percentage of float is 3.98%, which means the company has less short interest than most of its peers.

Portfolio Pulse from Benzinga Insights

July 14, 2023 | 4:45 pm

WST

West Pharmaceutical Servs's (NYSE:WST) short percent of float has fallen 13.71% since its last report, indicating a decrease in bearish sentiment. The company has 858 thousand shares sold short, which is 1.51% of all regular shares available for trading. Compared to its peers, West Pharmaceutical Servs has less short interest as a percentage of float, with an average of 5.00%.

Portfolio Pulse from Benzinga Insights

July 14, 2023 | 4:45 pm

DIS

NFLX

Jason Snipe, during his appearance on CNBC, stated that Netflix has been a good investment as it has started to generate free cash flow again. He also hinted at the possibility of revisiting Disney as an investment in the future.

Portfolio Pulse from Benzinga Newsdesk

July 14, 2023 | 4:44 pm

CMCSA

DIS

NFLX

PARA

SONY

WBD

The Screen Actors Guild-American Federation of Television and Radio Artists (SAG-AFTRA) has announced a strike, halting global film and TV production. The strike is expected to significantly impact the industry, affecting studios, production companies, and streaming services. Companies like Netflix, Walt Disney, Comcast Corporation, Paramount Global, Warner Bros Discovery, and Sony Group Corp are likely to be affected. The strike could also impact major film festivals and upcoming blockbusters.

Portfolio Pulse from AJ Fabino

July 14, 2023 | 4:39 pm

PLUG

Plug Power, Inc. (NASDAQ:PLUG) shares have gained over 15% in the past five days. The company was upgraded from Market Perform to Outperform by Northland Capital Markets analyst Abhishek Sinha, with a price target of $22. Plug Power announced a large order for 100 MW of PEM electrolyzers for a green hydrogen project in Europe and was selected to supply two 5-MW PEM electrolyzer systems for green hydrogen projects in Australia. 20.29% of available shares are currently being sold short.

Portfolio Pulse from Erica Kollmann

July 14, 2023 | 4:37 pm

AT&T Inc. (NYSE:T) shares are trading lower after JP Morgan downgraded the stock from Overweight to Neutral and lowered its price target from $22 to $17. The stock is experiencing increased trading volume with over 59 million shares traded in the session, compared to the 100-day average of 40.07 million shares. AT&T will release its Q2 financial results on July 26.

Portfolio Pulse from Erica Kollmann

July 14, 2023 | 4:36 pm

URI

United Rentals (NYSE:URI) has seen unusual options activity, with 50% of investors taking bullish stances and 50% bearish. The total amount for puts is $129,130 and for calls is $499,353. Whales have been targeting a price range from $350.0 to $600.0 for United Rentals over the last 3 months. UBS and Keybanc have maintained their Buy and Overweight ratings on United Rentals, with price targets of $527 and $520 respectively.

Portfolio Pulse from Benzinga Insights

July 14, 2023 | 4:33 pm

COP

Unusual options activity has been observed for ConocoPhillips (NYSE:COP), with a large position indicating a bullish stance. The options scanner at Benzinga spotted 10 uncommon trades, split 50% bullish and 50% bearish. The total amount for puts is $104,100 and for calls is $479,775. Whales have been targeting a price range from $65.0 to $115.0 for ConocoPhillips over the last 3 months. The current price of COP is down -2.85% at $107.4. Analysts from Mizuho, Wolfe Research, and Citigroup have maintained their ratings with price targets of $127, $120, and $140 respectively.

Portfolio Pulse from Benzinga Insights

July 14, 2023 | 4:33 pm