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TSM

A significant bullish stance has been taken on Taiwan Semiconductor (NYSE:TSM) as indicated by unusual options activity. The sentiment among these big-money traders is split between 68% bullish and 31% bearish. The whales have been targeting a price range from $50.0 to $120.0 for Taiwan Semiconductor over the last 3 months. Susquehanna has maintained their Positive rating on Taiwan Semiconductor, with a price target of $128.

Portfolio Pulse from Benzinga Insights

July 11, 2023 | 6:49 pm

AMAT

A whale investor has taken a bearish stance on Applied Materials (NASDAQ:AMAT), with 55% of the investors opening trades with bearish expectations. The whale has been targeting a price range from $92.5 to $150.0 for Applied Mat over the last 3 months. The price of AMAT is currently down -3.47% at $135.68. The next earnings are expected to be released in 37 days.

Portfolio Pulse from Benzinga Insights

July 11, 2023 | 6:49 pm

PEP

RBC Capital Markets analyst Nik Modi reiterates a Sector Perform rating on PepsiCo, Inc. (NASDAQ:PEP), with a price target of $178. The analyst expects a strong second quarter from PEP driven by Frito Lay momentum, solid results in PBNA, and international led by Latin America and emerging markets. Modi also sees an upside to PEP’s guidance for the year given the higher margin Frito driving momentum. The analyst raised 2Q revenue estimates to $21.518 billion from $21.488 billion. 2Q EPS is expected to be $1.95.

Portfolio Pulse from Nabaparna Bhattacharya

July 11, 2023 | 6:47 pm

ABNB

Needham analyst Bernie McTernan has reiterated a Buy rating on Airbnb, Inc. (NASDAQ:ABNB), raising the target price to $160 from $150. The analyst is optimistic about Airbnb's positioning to benefit from the reopening of the economy and pent-up demand for travel. Revenue estimates for 2Q and FY23 have been raised, and the company is expected to see organic bookings accelerate. ABNB shares are trading higher by 2.93% to $135.57.

Portfolio Pulse from Nabaparna Bhattacharya

July 11, 2023 | 6:45 pm

TNDM

Tandem Diabetes Care Inc (NASDAQ:TNDM) shares are trading higher after the company received FDA approval for the Tandem Mobi insulin pump for people with diabetes age 6 and up. The Tandem Mobi is fully controllable from a mobile app and is the world's smallest durable automated insulin delivery system. A limited release of Tandem Mobi is expected to start in late 2023, with full commercial availability planned in early 2024.

Portfolio Pulse from Vandana Singh

July 11, 2023 | 6:44 pm

MNST

Monster Beverage (NASDAQ:MNST) has outperformed the market over the past 10 years, producing an average annual return of 18.55%. If an investor had bought $100 of MNST stock 10 years ago, it would be worth $546.71 today.

Portfolio Pulse from Benzinga Insights

July 11, 2023 | 6:30 pm

HCA

HCA Healthcare (NYSE:HCA) has outperformed the market over the past 10 years, producing an average annual return of 22.43%. If an investor had bought $100 of HCA stock 10 years ago, it would be worth $790.08 today.

Portfolio Pulse from Benzinga Insights

July 11, 2023 | 6:30 pm

LYFT

Lyft shares are trading higher without any company-specific news. The stock's rise may be due to overall market strength.

Portfolio Pulse from Benzinga Newsdesk

July 11, 2023 | 6:28 pm

BAC

BLK

JPM

KRE

QQQ

SCHW

SPY

STT

WFC

XLF

Major US banks are set to release their Q2 results on July 14 and 17. The top performers in Q2 were Wells Fargo, JP Morgan, and Charles Schwab, while Morgan Stanley and Citigroup lagged behind. The financial sector, tracked by the Financial Select Sector SPDR Fund, posted a 5.44% gain, while regional banks saw a 4.8% decline. Investors should monitor the impact of rising deposit rates, credit normalization, and the aftermath of the regional bank crisis in March. All 23 large US banks passed the Federal Reserve's stress tests last month.

Portfolio Pulse from Piero Cingari

July 11, 2023 | 6:20 pm

MELI

A significant amount of unusual options activity has been detected for MercadoLibre (NASDAQ:MELI), with a bearish stance being taken by a majority of investors. Of the 53 strange trades detected, 41% were bullish and 58% were bearish. The price target range for MercadoLibre over the last 3 months has been between $820.0 to $1840.0. The current price of MELI is up 2.86% at $1118.21. B of A Securities has downgraded its action to Neutral with a price target of $1350.

Portfolio Pulse from Benzinga Insights

July 11, 2023 | 6:17 pm