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AMZN

FTCH

Amazon's shares are trading higher as it begins its Prime Day event, offering a range of discounts including its first-ever travel discounts. Analyst Nicholas Jones from JMP Securities reiterated Amazon.com with a Market Outperform and a $140 price target. Investors are likely to focus on the profitability of Amazon's retail business amid sluggish retail sales growth and recession fears. E-commerce appears more favorable compared to broader retail, reverting to pre-pandemic growth trends. Amazon's resilience is attributed to its exposure to consumer staples and strong app engagement.

Portfolio Pulse from Anusuya Lahiri

July 11, 2023 | 5:03 pm

DAL

Delta Air Lines (NYSE:DAL) has seen unusual options activity, with 57% of investors opening trades with bullish expectations and 42% with bearish. Whales have been targeting a price range from $30.0 to $50.0 for Delta Air Lines over the last 3 months. The price of DAL is down -0.11% at $48.41. Goldman Sachs, Jefferies, Raymond James, and B of A Securities have maintained their Buy ratings on Delta Air Lines, while Morgan Stanley downgraded its action to Overweight.

Portfolio Pulse from Benzinga Insights

July 11, 2023 | 5:02 pm

SLB

A significant amount of unusual options activity has been detected for Schlumberger Limited (NYSE:SLB), with a mix of bullish and bearish stances. Of the 10 strange trades detected, 60% were opened with bullish expectations and 40% with bearish. The trades included 5 puts totaling $273,300 and 5 calls totaling $184,298. Whales have been targeting a price range from $32.5 to $60.0 for SLB over the last 3 months. The current price of SLB is up 2.8% at $55.12, and the next earnings are expected in 10 days.

Portfolio Pulse from Benzinga Insights

July 11, 2023 | 5:02 pm

ABNB

A significant bearish stance has been taken on Airbnb (NASDAQ:ABNB) by a large investor, as indicated by unusual options activity. The overall sentiment of these big-money traders is split between 33% bullish and 66% bearish. The whales have been targeting a price range from $90.0 to $170.0 for Airbnb over the last 3 months. Needham has maintained their Buy rating on Airbnb, with a price target of $160.

Portfolio Pulse from Benzinga Insights

July 11, 2023 | 5:02 pm

AOS

BA

DAL

CNBC's Halftime Report discussed final trades involving The Boeing Company, A.O. Smith Corp, and Delta Air Lines. Specific details of the discussion were not provided.

Portfolio Pulse from Happy Mohamed

July 11, 2023 | 5:02 pm

PSFE

Paysafe Ltd (NYSE:PSFE) has expanded its existing partnership with International Capital Markets to enhance payment offerings in Latin America. This will allow traders in several Latin American countries to access Paysafe's diverse portfolio of payment options to fund their forex trading accounts. This follows an initial deal in 2018 where IC Markets integrated with Paysafe's payments API for European traders. In May, PSFE reported a 5% YoY revenue growth to $387.85 million, beating the consensus of $377.43 million.

Portfolio Pulse from Lekha Gupta

July 11, 2023 | 5:02 pm

SYBX

Over the past 3 months, 6 analysts have published their opinion on Synlogic (NASDAQ:SYBX) stock, all of them being bullish. The company has an average price target of $5.17, a decrease of 6.0% from the previous average price target of $5.50.

Portfolio Pulse from Benzinga Insights

July 11, 2023 | 5:01 pm

REI

Ring Energy has announced an agreement to acquire the Central Basin Platform assets of Founders Oil & Gas IV for $75 million in cash. This has led to an increase in Ring Energy's share price.

Portfolio Pulse from Benzinga Newsdesk

July 11, 2023 | 5:01 pm

SLM

SLM Corporation (NASDAQ:SLM) has received mostly bullish ratings from analysts in the last quarter, with 2 bullish and 3 somewhat bullish ratings. The average 12-month price target for SLM over the past 3 months is $16.83, which has increased by 6.86% over the past month.

Portfolio Pulse from Benzinga Insights

July 11, 2023 | 5:01 pm

PTCT

Morgan Stanley has maintained its Equal-Weight rating for PTC Therapeutics (NASDAQ:PTCT) but lowered its price target from $50.00 to $47.00. PTC Therapeutics' shares are currently trading down 1.6% at $39.62 per share. A move to $47.00 would represent an 18.61% increase from the current share price.

Portfolio Pulse from Benzinga Insights

July 11, 2023 | 5:01 pm