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META

Meta Platforms Inc (NASDAQ:META) is set to launch Threads, a text-based conversation app, in over a hundred countries. The app is expected to compete with Twitter and enhance user engagement through integration with Instagram. Meta's stock has shown a bullish trend since November 2022, with a total increase of 139% since the start of the year. The stock price is nearing the resistance level of $300, and breaking through could lead to a surge in the stock price.

Portfolio Pulse from Zaheer Anwari

July 06, 2023 | 3:10 pm

CRM

INTU

ZM

Shares of tech sector companies are trading lower due to concerns over potential further Fed rate hikes, which could negatively impact growth stocks.

Portfolio Pulse from Benzinga Newsdesk

July 06, 2023 | 3:09 pm

CSIQ

UBS analyst Jon Windham has upgraded Canadian Solar Inc (NASDAQ:CSIQ) from Neutral to Buy, raising the price target from $48 to $50. The company's Recurrent Energy solar and storage project development business is expected to generate 41% YoY revenue growth in 2023. The growth is supported by an acceleration in U.S. utility scale solar installations. Canadian Solar is also set to benefit from Inflation Reduction Act incentives through its Recurrent Energy development business and planned 5GW module assembly facility in Texas.

Portfolio Pulse from Priya Nigam

July 06, 2023 | 3:06 pm

SPY

USO

The U.S. Energy Information Administration (EIA) has reported that U.S. crude stocks in the Strategic Petroleum Reserve have fallen to their lowest level since August 1983.

Portfolio Pulse from Happy Mohamed

July 06, 2023 | 3:06 pm

EWC

Canada has already set a record for the area burned in one fire season and expects higher-than-normal fire activity in July and August, according to Reuters. The ETF EWC, which tracks Canadian stocks, may be affected by this news.

Portfolio Pulse from Happy Mohamed

July 06, 2023 | 3:05 pm

ATVI

Massachusetts Representative Seth Moulton reported a sale of Activision Blizzard (NASDAQ:ATVI) stock valued between $100,001 - $250,000 on July 5, 2023. The sale was revealed in a recent report from the House of Representatives Clerk's Office. Activision Blizzard shares are currently trading down 0.46% at $82.48.

Portfolio Pulse from Benzinga Insights

July 06, 2023 | 3:05 pm

UL

Unilever, the parent company of Ben & Jerry's, has lost approximately $2.5 billion in market cap following calls to boycott the ice cream maker due to a controversial tweet. The tweet, posted on July 4, criticized the US for existing on 'stolen Indigenous land.' Unilever's stock price has fallen to around $51 from $52.28. Unilever was also criticized for continuing to sell its products in Russia despite calls to exit the country over its invasion of Ukraine.

Portfolio Pulse from Happy Mohamed

July 06, 2023 | 3:04 pm

INTC

A significant amount of unusual options activity has been observed for Intel (NASDAQ:INTC), with a mix of bullish and bearish stances. 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 down -3.01% at $31.53. Analysts have mixed opinions, with price targets ranging from $17 to $39.

Portfolio Pulse from Benzinga Insights

July 06, 2023 | 3:04 pm

MRVL

A significant bearish stance has been taken on Marvell Tech (NASDAQ:MRVL) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is split between 31% bullish and 68% bearish. The whales have been targeting a price range from $32.5 to $65.0 for Marvell Tech over the last 3 months. Stifel has downgraded its action to Buy with a price target of $65, while Morgan Stanley maintains their Equal-Weight rating with a price target of $68.

Portfolio Pulse from Benzinga Insights

July 06, 2023 | 3:03 pm

ATVI

A significant bullish stance has been taken on Activision Blizzard (NASDAQ:ATVI) by an unknown entity, possibly an institution or wealthy individual. This was noticed through publicly available options history. The overall sentiment of these big-money traders is split between 58% bullish and 41% bearish. Whales have been targeting a price range from $80.0 to $95.0 for Activision Blizzard over the last 3 months. Benchmark has downgraded its action to Buy with a price target of $90.

Portfolio Pulse from Benzinga Insights

July 06, 2023 | 3:03 pm