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ROIV

Biotech entrepreneur and 2024 presidential candidate Vivek Ramaswamy, known for his past deals and rap career, is gaining support from Republicans. Ramaswamy was behind the IPO of Myovant Sciences in 2016 and founded Roivant Sciences (NASDAQ:ROIV), which went public through a SPAC merger in 2021. He also helped take Axovant public and co-founded Strive Asset Management. Ramaswamy's rap career and potential appeal to younger voters could boost his familiarity among the public.

Portfolio Pulse from Chris Katje

July 28, 2023 | 8:33 pm

BTCUSD

DOGEUSD

ETHUSD

The recent 0.25% rate hike by the Federal Reserve has increased interest in weekend cryptocurrency movements, with Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE) expected to make significant moves. Bitcoin and Ethereum have been trading sideways under significant support and resistance levels, while Dogecoin has been consolidating above the 200-day simple moving average (SMA) after a 14% surge.

Portfolio Pulse from Melanie Schaffer

July 28, 2023 | 8:33 pm

UNP

A significant investor has taken a bearish stance on Union Pacific (NYSE:UNP), with 68% of the spotted trades being bearish. The whales have been targeting a price range from $170.0 to $240.0 for Union Pacific over the last 3 months. The current price of UNP is $232.77, up 0.29%. Several financial institutions have maintained their ratings on Union Pacific, with price targets ranging from $182 to $270.

Portfolio Pulse from Benzinga Insights

July 28, 2023 | 8:30 pm

Edwards Lifesciences (NYSE:EW) has outperformed the market over the past 10 years, producing an average annual return of 21.21%. If an investor had bought $100 of EW stock 10 years ago, it would be worth $703.89 today.

Portfolio Pulse from Benzinga Insights

July 28, 2023 | 8:30 pm

TSM

Taiwan Semiconductor (NYSE:TSM) has outperformed the market over the past 20 years, producing an average annual return of 13.48%. If an investor had bought $1000 of TSM stock 20 years ago, it would be worth $12,275.45 today.

Portfolio Pulse from Benzinga Insights

July 28, 2023 | 8:30 pm

GUSH

OIH

UCO

USO

XLE

Crude oil prices have hit $80 per barrel, marking a five-week winning streak, the longest in over a year and a half. This surge is attributed to supply reduction efforts by Saudi Arabia and Russia, and increased demand due to Chinese economic revival efforts and the U.S.'s commitment to refill its Strategic Petroleum Reserve. Five oil-linked ETFs are recommended for investors to ride this wave: United States Oil Fund (USO), Energy Select Sector SPDR Fund (XLE), VanEck Oil Services ETF (OIH), Proshares Ultra Bloomberg Crude Oil (UCO), and Direxion Daily S&P Oil & Gas Exp. & Prod. Bull X2 Shares (GUSH).

Portfolio Pulse from Piero Cingari

July 28, 2023 | 8:22 pm

BAC

BANC

GOOG

INTC

JPM

META

MSFT

The Dow Jones broke a 13-day winning streak, but ended the week up 0.65%. The Fed raised interest rates to 5.25%-5.5%, the highest level since 2001. Big Tech companies released earnings, with Microsoft (MSFT) shares falling due to slowed Azure growth, Alphabet (GOOG) shares rising after beating revenue estimates, Meta (META) shares increasing after beating earnings estimates, and Intel (INTC) shares climbing despite a revenue drop. Banc of California (BANC) announced a merger with PacWest Bancorp (PACW), causing its shares to soar. Bank of America (BAC) and JP Morgan Chase (JPM) shares slid after a proposal to raise capital requirements for big banks.

Portfolio Pulse from Natan Ponieman

July 28, 2023 | 8:06 pm

PXS

Pyxis Tankers (NASDAQ:PXS) is set to release its latest quarterly earnings report on July 31, 2023. Analysts estimate an earnings per share (EPS) of $0.23. The company's past performance shows a pattern of share price drops following earnings beats. The stock was trading at $3.69 as of July 27, with a 27.0% increase over the last 52-week period.

Portfolio Pulse from Benzinga Insights

July 28, 2023 | 8:01 pm

A whale investor has taken a bearish stance on Deere (NYSE:DE), with 65% of the spotted trades being bearish. The whales have been targeting a price range from $380.0 to $500.0 for Deere over the last 3 months. DA Davidson and Citigroup maintain their Buy rating on Deere, with price targets of $510 and $475 respectively.

Portfolio Pulse from Benzinga Insights

July 28, 2023 | 8:01 pm

TREE

In the last quarter, LendingTree (NASDAQ:TREE) received 3 bullish, 1 somewhat bullish, and 1 indifferent rating from analysts. The average price target is $24.8, representing a slight upside from the current price of $24.52. This average is a 31.11% decrease from the previous average price target of $36.00.

Portfolio Pulse from Benzinga Insights

July 28, 2023 | 8:00 pm