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PDD

PDD Holdings Inc - ADR shares are trading higher by 3.98% to $73.87. The rise is attributed to positive sentiments in the Chinese tech sector following a meeting between Premier Li Qiang and heads of tech companies, and positive comments from China's NDRC on Alibaba and Tencent. Additionally, the NDRC has commended projects from ten internet giants, including PDD, as part of China's 'green-light projects' aimed at stimulating the economy.

Portfolio Pulse from Henry Khederian

July 12, 2023 | 3:19 pm

BABA

BIDU

Baidu Inc's shares are trading higher after Premier Li Qiang met with heads of multiple tech companies, raising hopes of an end to the crackdown on the sector. China's NDRC made positive comments on Alibaba Group and Tencent. China also ended its regulatory overhaul on Ant Group by imposing a penalty. The NDRC commended projects from ten internet giants, aiming to stimulate the real economy and foster economic growth.

Portfolio Pulse from Henry Khederian

July 12, 2023 | 3:19 pm

VLO

A significant bearish stance has been taken on Valero Energy (NYSE:VLO) by a large investor or institution, 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 $90.0 to $135.0 for Valero Energy over the last 3 months. JP Morgan and B of A Securities have maintained their Overweight and Buy ratings on Valero Energy, with price targets of $171 and $160 respectively.

Portfolio Pulse from Benzinga Insights

July 12, 2023 | 3:17 pm

FTCH

An option alert has been issued for Farfetch (FTCH) for January 19 $10 calls. A total of 691 options were bought near the ask price of $0.43, compared to an open interest of 9356. Farfetch is expected to announce its earnings on August 24 after market close. The reference price is $6.37.

Portfolio Pulse from Charles Gross

July 12, 2023 | 3:14 pm

EWT

FXI

Taiwan's Defense Ministry reported the detection of 30 Chinese military aircraft around Taiwan on Wednesday. This could potentially escalate tensions between China and Taiwan, possibly affecting the performance of related ETFs such as EWT and FXI.

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 3:11 pm

AER

CTRM

DRS

ESEA

PXS

Benzinga Insights has identified several value stocks in the industrials sector that may be worth watching. These include Pyxis Tankers, AerCap Holdings, Leonardo DRS, Euroseas, and Castor Maritime. The companies have been identified as undervalued based on their low price-to-earnings (P/E) multiples. However, the risk of investing in a value stock is that the stock may never rebound from its undervalued position.

Portfolio Pulse from Benzinga Insights

July 12, 2023 | 3:08 pm

SQQQ

ProShares UltraPro Short QQQ ETF (SQQQ) shares are trading lower by 3.97% due to softer-than-expected inflation data for June. The ETF, which inversely tracks the Nasdaq-100, is primarily used for short-term trading and market timing strategies. The lower inflation data has reinforced investor expectations of a single rate hike by the Federal Reserve followed by a halt to its tightening cycle.

Portfolio Pulse from Henry Khederian

July 12, 2023 | 3:08 pm

AAPL

Apple Inc's shares are trading higher amid overall market strength following a lighter-than-expected June inflation report. Lower inflation corresponds to reduced costs for inputs such as raw materials, components, and manufacturing expenses, which can help Apple control its production costs, enhance profit margins or potentially invest the savings in research and development or other growth initiatives. Lower inflation also helps preserve consumer purchasing power, potentially leading to increased demand for Apple's products.

Portfolio Pulse from Henry Khederian

July 12, 2023 | 3:07 pm

F

A significant bearish stance has been taken on Ford Motor (NYSE:F) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is split, with 46% bullish and 53% bearish. The whales have been targeting a price range from $4.35 to $19.35 for Ford Motor over the last 3 months. Analysts from Citigroup, Morgan Stanley, Barclays, Jefferies, and Wells Fargo have maintained their ratings on Ford, with price targets ranging from $11 to $17.

Portfolio Pulse from Benzinga Insights

July 12, 2023 | 3:05 pm

QQQ

TQQQ

ProShares UltraPro QQQ (TQQQ) shares hit a new 52-week high, trading higher by 3.82% to $42.02. This follows the release of June CPI data showing softer-than-expected inflation, reinforcing investor expectations of a single rate hike by the Federal Reserve. TQQQ seeks daily investment results that correspond to three times the daily performance of the Nasdaq-100 (QQQ).

Portfolio Pulse from Henry Khederian

July 12, 2023 | 3:03 pm