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AMAT

A significant investor has taken a bearish stance on Applied Materials (NASDAQ:AMAT), with 83% of detected trades being bearish. The trades include 8 puts totaling $421,877 and 4 calls totaling $175,336. Whales have been targeting a price range from $140.0 to $170.0 for AMAT over the last 3 months. The current price of AMAT is $140.99, up 0.6%. Wolfe Research, UBS, and Mizuho have given price targets of $185, $150, and $158 respectively.

Portfolio Pulse from Benzinga Insights

October 10, 2023 | 6:45 pm

NKE

BMO Capital Markets analyst Simeon Siegel reiterated an Outperform rating on Nike, Inc. (NYSE:NKE) with a price target of $110. Siegel believes Nike's size and budget are key long-term competitive advantages. The analyst expects ongoing gains for Nike, with a FY25 EPS estimate forming the basis for the $110 target price. However, Siegel also noted a negative inflection in Footwear Units and worsening Apparel Unit declines, which could weigh down EBIT margin.

Portfolio Pulse from Nabaparna Bhattacharya

October 10, 2023 | 6:44 pm

EA

Electronic Arts' stock has been upgraded from Neutral to Buy by B of A Securities, which also raised its price target from $145 to $150. This has resulted in EA shares trading higher.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 6:41 pm

SNOW

A significant investor has taken a bearish stance on Snowflake (NYSE:SNOW), with 72% of the observed trades being bearish. The whales have been targeting a price range from $145.0 to $210.0 for Snowflake over the last 3 months. The current price of SNOW is $162.88, up 0.66%. Mizuho and HSBC have downgraded their actions to Buy with price targets of $180 and $201 respectively.

Portfolio Pulse from Benzinga Insights

October 10, 2023 | 6:30 pm

ASML

A significant amount of unusual options activity has been detected for ASML Holding (NASDAQ:ASML), with a majority of investors taking a bearish stance. Of the 22 strange trades detected, 40% were bullish and 59% were bearish. The total amount for puts was $656,150 and for calls was $502,181. Whales have been targeting a price range from $310.0 to $660.0 for ASML Holding over the last 3 months. The current price of ASML is up 1.54% at $600.47.

Portfolio Pulse from Benzinga Insights

October 10, 2023 | 6:30 pm

INTC

A significant number of investors, referred to as 'whales', have taken a bullish stance on Intel (NASDAQ:INTC), with 60% of investors opening trades with bullish expectations and 40% with bearish. The whales have been targeting a price range from $25.0 to $45.0 for Intel over the last 3 months. The current price of INTC is $36.07, up 0.03%. Analysts have mixed opinions on Intel, with ratings ranging from 'Outperform' to 'Sell' and price targets from $17 to $56.

Portfolio Pulse from Benzinga Insights

October 10, 2023 | 6:30 pm

DCPH

Deciphera Pharmaceuticals has an option alert for January 19 with $12.5 calls at the ask price of $1.29. This is against an open interest of 107. The company's earnings are expected on November 2 before the market opens. The reference price is $11.05.

Portfolio Pulse from Charles Gross

October 10, 2023 | 6:21 pm

EIS

SPY

USO

Hamas' armed wing has claimed responsibility for rocket firing from Lebanon, according to Reuters. The news may have implications for the iShares MSCI Israel ETF (EIS), SPDR S&P 500 ETF Trust (SPY), and United States Oil Fund LP (USO).

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 6:19 pm

NEM

A whale investor has taken a bullish stance on Newmont (NYSE:NEM), with 56% of investors opening trades with bullish expectations and 43% with bearish. The whale has been targeting a price range from $35.0 to $45.0 for Newmont over the last 3 months. The price of NEM is up 0.72% at $37.9. Jefferies has maintained their Hold rating on Newmont, with a price target of $38.

Portfolio Pulse from Benzinga Insights

October 10, 2023 | 6:16 pm

VZ

A significant amount of unusual options activity has been detected for Verizon Communications (NYSE:VZ), with a majority of investors taking a bullish stance. Of the 31 strange trades detected, 61% were bullish and 38% were bearish. The total amount for puts was $3,180,036 and for calls was $239,600. Whales have been targeting a price range from $23.0 to $42.0 for Verizon over the last 3 months. The current price of VZ is up 0.32% at $31.55.

Portfolio Pulse from Benzinga Insights

October 10, 2023 | 6:16 pm