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BTCUSD

Standard Chartered predicts Bitcoin (BTC) could reach $50,000 this year and $120,000 by the end of 2024. The bank believes the rising value of Bitcoin could incentivize miners to accumulate more units. Despite an 80% growth in Bitcoin's value since the start of the year, its current value of around $30,200 is significantly less than its previous peak of $69,000 in November 2021. The bank's prediction is based on the idea that Bitcoin miners would need to sell fewer Bitcoin to cover their operational costs.

Portfolio Pulse from Murtuza Merchant

July 10, 2023 | 6:47 pm

GS

A significant amount of unusual options activity has been observed for Goldman Sachs Gr (NYSE:GS), with a majority of investors taking a bearish stance. Whales have been targeting a price range from $315.0 to $360.0 for Goldman Sachs Gr over the last 3 months. The price of GS is currently up 0.81% at $317.71, with RSI indicators suggesting the stock may be approaching oversold.

Portfolio Pulse from Benzinga Insights

July 10, 2023 | 6:47 pm

BEN

Franklin Resources' stock is trading higher following BMO's assumption of coverage with a Market Perform rating and a raised price target of $24.

Portfolio Pulse from Benzinga Newsdesk

July 10, 2023 | 6:43 pm

AAN

FMC

JUPW

MOB

NSTG

TIVC

US stocks traded higher with the Nasdaq Composite slightly up. Mobilicom Limited (NASDAQ:MOB) shares rose 85% after receiving a commercial scale purchase order from Teledyne-FLIR for drone production for the US Department of Defense. Jupiter Wellness, Inc. (NASDAQ:JUPW) shares rose 42% after announcing an Asset Purchase Agreement with GBB Drink Lab. NanoString Technologies, Inc. (NASDAQ:NSTG) shares rose 37% after the company raised its Q2 revenue guidance. Tivic Health Systems, Inc. (NASDAQ:TIVC) shares dropped 37% after pricing a public offering of 32.5 million shares. The Aaron's Company, Inc. (NYSE:AAN) shares fell 11% after Loop Capital downgraded the stock. FMC Corporation (NYSE:FMC) shares fell 11% after the company cut its Q2 and 2023 guidance.

Portfolio Pulse from Lisa Levin

July 10, 2023 | 6:43 pm

WYNN

Wynn Resorts' shares are trading higher, in line with a general uptrend in travel and leisure stocks.

Portfolio Pulse from Benzinga Newsdesk

July 10, 2023 | 6:37 pm

MGM

MGM shares are experiencing an increase in value due to the overall strength in the travel and leisure sector.

Portfolio Pulse from Benzinga Newsdesk

July 10, 2023 | 6:36 pm

CTVA

Corteva shares are trading lower due to weakness in chemical and agriculture stocks following FMC's weak guidance.

Portfolio Pulse from Benzinga Newsdesk

July 10, 2023 | 6:35 pm

PLTR

Palantir's stock is trading higher in line with the overall market strength.

Portfolio Pulse from Benzinga Newsdesk

July 10, 2023 | 6:34 pm

PLTR

A significant bullish stance has been taken on Palantir Technologies (NYSE:PLTR) with 33 uncommon options trades spotted. The sentiment of these big-money traders is split between 51% bullish and 48% bearish. Whales have been targeting a price range from $10.0 to $30.0 for Palantir Technologies over the last 3 months. The price of PLTR is up 5.48% at $16.18. B of A Securities maintains their Buy rating on Palantir Technologies with a price target of $18. Raymond James downgraded its action to Outperform with a price target of $18.

Portfolio Pulse from Benzinga Insights

July 10, 2023 | 6:31 pm

NOW

A significant bearish stance has been taken on ServiceNow (NYSE:NOW) as indicated by unusual options activity. The overall sentiment of these big-money traders is split between 27% bullish and 72% bearish. The whales have been targeting a price range from $480.0 to $820.0 for ServiceNow over the last 3 months. Needham has downgraded its action to Buy with a price target of $660.

Portfolio Pulse from Benzinga Insights

July 10, 2023 | 6:31 pm