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Stock Prices

LUMN

Lumen Technologies (NYSE:LUMN) has seen a significant decrease in its short interest, falling 18.35% since the last report. Currently, 15.35% of its float is sold short, which is higher than the peer group average of 5.34%. This decrease in short interest could indicate a shift in market sentiment.

Portfolio Pulse from Benzinga Insights

August 15, 2024 | 6:30 pm

ASTS

BABA

CING

GAMB

LLAP

SIGA

TSBX

U.S. stocks traded higher with the S&P 500 gaining 1.5%. Alibaba reported weak revenue, missing analyst estimates. Cingulate, AST SpaceMobile, and Gambling.com saw significant stock price increases, while Turnstone Biologics, SIGA Technologies, and Terran Orbital experienced sharp declines.

Portfolio Pulse from Avi Kapoor

August 15, 2024 | 6:23 pm

FICO

Financial giants have shown a bullish trend in Fair Isaac (NYSE:FICO) options, with 10 unusual trades identified. The trades include 4 puts valued at $191,497 and 6 calls valued at $302,877. Analysts have mixed ratings on FICO, with target prices ranging from $1500 to $2100. The stock is currently trading at $1809.75 with a neutral RSI, and the next earnings report is due in 83 days.

Portfolio Pulse from Benzinga Insights

August 15, 2024 | 6:16 pm

VDC

WMT

XLP

Walmart Inc (NYSE:WMT) shares are trading higher after announcing strong Q2 2025 results and raising full-year guidance. Despite concerns about consumer spending, JP Morgan analyst Christopher Horvers maintains an Overweight rating on WMT, anticipating a positive stock price reaction. Investors can also gain exposure via Vanguard Consumer Staples ETF (NYSE:VDC) and SPDR Select Sector Fund – Consumer Staples (NYSE:XLP).

Portfolio Pulse from Lekha Gupta

August 15, 2024 | 6:14 pm

BABA

Alibaba Group Holding Limited (NYSE:BABA) reported its fiscal first-quarter 2024 earnings, showing mixed results. Revenue increased by 4% year-over-year to $33.47 billion, missing analysts' expectations of $34.81 billion. However, adjusted earnings per ADS beat estimates, coming in at $2.26 versus the expected $2.13. Various business segments showed mixed performance, with international commerce and cloud services showing significant growth. Alibaba's shares rose by 0.38% to $79.17 following the report.

Portfolio Pulse from Vaishali Prayag

August 15, 2024 | 6:10 pm

SPY

USO

The U.S. Energy Department has announced the purchase of 1.5 million barrels of oil for the Strategic Petroleum Reserve, with delivery scheduled for January.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 6:07 pm

PARA

PARAA

Paramount Global shares are trading higher following a report suggesting Edgar Bronfman is preparing a bid for National Amusements.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 6:03 pm

ISRG

Deep-pocketed investors have shown a bearish sentiment towards Intuitive Surgical (NASDAQ:ISRG) through significant options activity. Benzinga's options scanner highlighted 17 extraordinary options activities, with 58% of the sentiment being bearish. The price target for ISRG ranges from $375 to $500. Despite the bearish sentiment, ISRG's stock is currently up by 1.83%, trading at $479.82. Analysts have mixed ratings, with a consensus target price of $494.6.

Portfolio Pulse from Benzinga Insights

August 15, 2024 | 6:01 pm

ANET

Investors with significant capital have shown a bullish stance on Arista Networks (NYSE:ANET) through options trading. Benzinga's options scanner identified 49 unusual options trades, with a mix of 40% bullish and 38% bearish sentiment. The trades include 17 puts worth $831,987 and 32 calls worth $1,174,096, targeting a price range of $185 to $380. Analysts have mixed ratings, with price targets ranging from $265 to $375.

Portfolio Pulse from Benzinga Insights

August 15, 2024 | 6:01 pm

THQQF

Embracer Group AB (OTC:THQQF) reported a 24% decline in net sales for Q1 2024, amounting to $754 million. The company experienced a significant drop in PC and console gaming revenue, while tabletop games remained the largest revenue generator. Embracer plans to split into three publicly listed entities, with Asmodee expected to be listed on Nasdaq Stockholm by the end of the year.

Portfolio Pulse from Franca Quarneti

August 15, 2024 | 6:01 pm