Company | Date | Price Target | Rating | Analyst |
---|---|---|---|---|
6/28/2024 | $200.00 → $250.00 | Outperform | Oppenheimer | |
6/26/2024 | $196.00 → $260.00 | Neutral → Buy | Rosenblatt | |
6/25/2024 | $220.00 → $250.00 | Outperform | Evercore ISI | |
6/25/2024 | $178.00 → $195.00 | Hold | Maxim Group | |
6/18/2024 | $225.00 → $245.00 | Overweight | JP Morgan | |
6/11/2024 | $200.00 → $230.00 | Neutral → Buy | DA Davidson | |
5/3/2024 | $162.00 → $188.00 | Underperform → Market Perform | Itau BBA | |
5/3/2024 | $200.00 → $205.00 | Buy | Monness Crespi & Hardt |
As the stock market sizzles in mid-2024, investors are eyeing two tech titans: Amazon.com, Inc. (NASDAQ:AMZN) and Apple Inc. (NASDAQ:AAPL). Both stocks have hit all-time highs – with Amazon hitting the $200.43 mark and Apple stock hitting the $220.38 mark during day trading on Tuesday.
With both stocks being extremely popular and watched by Wall Street investors, the common all-time-high event raises the burning question: which is the better buy?
Amazon’s stock has soared, up 53.59% in the past year and 31.63% year-to-date. It recently touched a 52-week high of $200.43. With a market cap of $2.08 trillion and a P/E ratio of 56.02, Amazon is a heavyweight in tech.
Source: Benzinga Report
Analysts are bullish, with 43 ratings predicting a 12-month price target range of $200 to $245, averaging $222.50. This suggests a potential upside of 10.17%. The latest ratings from Needham, Wells Fargo, and B of A Securities, released between June 26 and July 1, imply a 10.66% upside with an average price target of $221.33.
Apple’s stock has also performed well, up 14.45% over the past year and 14.41% year-to-date, closing at $220.27 on July 2. With a market cap of $3.36 trillion and a P/E ratio of 34.26, Apple remains a market leader.
Source: Benzinga Report
However, analysts forecast a modest upside. With 33 ratings suggesting a 12-month price target range of $164 to $275, the average is $219.50, indicating just a 0.86% potential rise. Recent ratings from UBS, Needham, and Oppenheimer, dated June 28 and July 1, offer an average target of $220, a minimal 0.27% upside.
Growth Potential: Amazon shows more promise with a 10.17% projected upside versus Apple’s 0.86%.
Valuation: Amazon’s P/E of 56.02 suggests higher growth expectations compared to Apple’s 34.26, but also higher risk.
Market Position: Amazon dominates e-commerce and cloud computing, while Apple leads in consumer electronics. Apple’s larger market cap and lower P/E might appeal to conservative investors, whereas Amazon’s growth potential attracts those seeking higher returns.
Recent Momentum: Amazon’s stronger recent performance hints at continued upward momentum.
Both Amazon and Apple are stellar investments.
However, Amazon appears to offer better growth prospects with a higher potential upside. Investors looking for robust growth may find Amazon more appealing, while those valuing stability might prefer Apple. As always, investment decisions should align with individual goals and risk tolerance.
Read Next:
Photo: Shutterstock
Oppenheimer reiterated coverage of Apple with a rating of Outperform and set a new price target of $250.00 from $200.00 previously
Rosenblatt upgraded Apple from Neutral to Buy and set a new price target of $260.00 from $196.00 previously
Evercore ISI reiterated coverage of Apple with a rating of Outperform and set a new price target of $250.00 from $220.00 previously
Maxim Group reiterated coverage of Apple with a rating of Hold and set a new price target of $195.00 from $178.00 previously
JP Morgan reiterated coverage of Apple with a rating of Overweight and set a new price target of $245.00 from $225.00 previously
DA Davidson upgraded Apple from Neutral to Buy and set a new price target of $230.00 from $200.00 previously
Itau BBA upgraded Apple from Underperform to Market Perform and set a new price target of $188.00 from $162.00 previously
Monness Crespi & Hardt reiterated coverage of Apple with a rating of Buy and set a new price target of $205.00 from $200.00 previously
Maxim Group reiterated coverage of Amazon with a rating of Buy and set a new price target of $238.00 from $318.00 previously
Monness Crespi & Hardt reiterated coverage of Amazon with a rating of Buy and set a new price target of $225.00 from $215.00 previously
For Immediate Release: November 14, 2023 Today, the U.S. Food and Drug Administration is providing an at-a-glance summary of news from around the agency: On Monday, the FDA updated the advisory for the Investigation of Elevated Lead Levels in Cinnamon Applesauce Pouches to include an expanded recall from WanaBana LLC to include Weis and Schnucks-brand cinnamon applesauce pouches. As of November 13, 2023, there
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Services revenue reaches new all-time record EPS sets March quarter record Apple® today announced financial results for its fiscal 2024 second quarter ended March 30, 2024. The Company posted quarterly revenue of $90.8 billion, down 4 percent year over year, and quarterly earnings per diluted share of $1.53. "Today Apple is reporting revenue of $90.8 billion for the March quarter, including an all-time revenue record in Services," said Tim Cook, Apple's CEO. "During the quarter, we were thrilled to launch Apple Vision Pro and to show the world the potential that spatial computing unlocks. We're also looking forward to an exciting product announcement next week and an incredible Worldw
Amazon.com, Inc. (NASDAQ:AMZN) today announced financial results for its first quarter ended March 31, 2024. Net sales increased 13% to $143.3 billion in the first quarter, compared with $127.4 billion in first quarter 2023. Excluding the $0.2 billion unfavorable impact from year-over-year changes in foreign exchange rates throughout the quarter, net sales increased 13% compared with first quarter 2023. North America segment sales increased 12% year-over-year to $86.3 billion. International segment sales increased 10% year-over-year to $31.9 billion, or increased 11% excluding changes in foreign exchange rates. AWS segment sales increased 17% year-over-year to $25.0 billion.
NEW CARLISLE, Ind., April 25, 2024 (GLOBE NEWSWIRE) -- Governor Eric J. Holcomb, chairman of the Indiana Economic Development Corporation, today announced that Amazon Web Services (AWS), an Amazon.com. Inc. company (NASDAQ:AMZN), plans to invest $11 billion to build a data center campus in north central Indiana and create at least 1,000 new jobs. This planned investment marks the largest capital investment announcement in Indiana's history. "Indiana's long-term economic strategy is paying dividends for Hoosiers as we cultivate the growth of critical sectors like technology infrastructure," said Gov. Holcomb. "Amazon has long been an important economic partner in Indiana, and we are exci
Leading 3D Modeling Supplier uses AWS's generative AI and machine learning capabilities to accelerate its technology TORONTO, ON / ACCESSWIRE / April 24, 2024 / Nextech3D.AI (OTCQX:NEXCF)(CSE:NTAR)(FSE:EP2), a patented 2D-3D Generative AI-Powered 3D model supplier for Amazon, Miele, P&G, Kohls, Wesfarmers Group "Bunnings" and other major e-commerce retailers has selected Amazon Web Services (AWS), an Amazon.com company (NASDAQ:AMZN), as its cloud provider for its 3D modeling hosting services and AI service provider. Nextech3D.ai will also host its dozens of AI Machine learning applications to the world's leading cloud. Using Amazon Bedrock, a service that makes multiple foundation models av
Amazon.com, Inc. (NASDAQ:AMZN) announced today that it will hold a conference call to discuss its first quarter 2024 financial results on Tuesday, April 30, 2024, at 2:30 p.m. PT/5:30 p.m. ET. The event will be webcast live, and the audio and associated slides will be available for at least three months thereafter at www.amazon.com/ir. View source version on businesswire.com: https://www.businesswire.com/news/home/20240416191971/en/
Services revenue reaches new all-time record EPS up 16 percent to new all-time high Apple® today announced financial results for its fiscal 2024 first quarter ended December 30, 2023. The Company posted quarterly revenue of $119.6 billion, up 2 percent year over year, and quarterly earnings per diluted share of $2.18, up 16 percent year over year. "Today Apple is reporting revenue growth for the December quarter fueled by iPhone sales, and an all-time revenue record in Services," said Tim Cook, Apple's CEO. "We are pleased to announce that our installed base of active devices has now surpassed 2.2 billion, reaching an all-time high across all products and geographic segments. And as c
Amazon.com, Inc. (NASDAQ:AMZN) announced today that it will hold a conference call to discuss its fourth quarter 2023 financial results on Thursday, February 1, 2024, at 2:30 p.m. PT/5:30 p.m. ET. The event will be webcast live, and the audio and associated slides will be available for at least three months thereafter at www.amazon.com/ir. View source version on businesswire.com: https://www.businesswire.com/news/home/20240118568335/en/
iPhone revenue sets September quarter record Services revenue reaches new all-time high Apple® today announced financial results for its fiscal 2023 fourth quarter ended September 30, 2023. The Company posted quarterly revenue of $89.5 billion, down 1 percent year over year, and quarterly earnings per diluted share of $1.46, up 13 percent year over year. "Today Apple is pleased to report a September quarter revenue record for iPhone and an all-time revenue record in Services," said Tim Cook, Apple's CEO. "We now have our strongest lineup of products ever heading into the holiday season, including the iPhone 15 lineup and our first carbon neutral Apple Watch models, a major milestone i
Amazon.com, Inc. (NASDAQ:AMZN) today announced financial results for its third quarter ended September 30, 2023. Net sales increased 13% to $143.1 billion in the third quarter, compared with $127.1 billion in third quarter 2022. Excluding the $1.4 billion favorable impact from year-over-year changes in foreign exchange rates throughout the quarter, net sales increased 11% compared with third quarter 2022. North America segment sales increased 11% year-over-year to $87.9 billion. International segment sales increased 16% year-over-year to $32.1 billion, or increased 11% excluding changes in foreign exchange rates. AWS segment sales increased 12% year-over-year to $23.1 billion.
Amazon.com, Inc. (NASDAQ:AMZN) announced today that it will hold a conference call to discuss its third quarter 2023 financial results on Thursday, October 26, 2023, at 2:30 p.m. PT/5:30 p.m. ET. The event will be webcast live, and the audio and associated slides will be available for at least three months thereafter at www.amazon.com/ir. View source version on businesswire.com: https://www.businesswire.com/news/home/20231012625732/en/
USA News Group Commentary Issued on behalf of Avant Technologies Inc. VANCOUVER, BC, June 28, 2024 /PRNewswire/ -- USA News Group – The world is changing rapidly thanks to artificial intelligence (AI), with what's being called the Transformative AI era which comes with great benefits and also potential dangers. The economic impacts are global, with a new report from The Bank for International Settlements (BIS) urging central banks to adapt rapidly to AI advances. Now it's become apparent how important it is for companies to understand how to harness the full potential of GenAI to secure strategic revenue growth in the coming years. The surge of AI's usefulness is accelerating innovation in
TYSONS CORNER, Va. and PETAH TIKVA, Israel, June 26, 2024 (GLOBE NEWSWIRE) -- Cellebrite (NASDAQ:CLBT), a global leader in premier Digital Investigative solutions for the public and private sectors, announced today that its Endpoint Inspector SaaS, the Company's real-time data access, collection and analysis solution, is now available on Amazon Web Services (AWS) Marketplace (NASDAQ:AMZN). Endpoint Inspector SaaS, part of Cellebrite's award-winning Case-to-Closure platform, empowers private sector corporate investigators and eDiscovery practitioners to securely collect and analyze data in real-time from a wide range of remote devices and computers. By leveraging the AWS cloud infrastructu
Save on great deals across new-to-Amazon brands like Clinique, Allbirds, and Kiehl's, and popular brands like Sony, KitchenAid, and Coach handbags Shop daily deal drops leading up to Prime Day, with influencers like Alix Earle, Jess Sims, and Jared McCain sharing early deals on exciting products from trending brands like Dyson Beauty, Peloton, and Youth to the People Get your school shopping done early, with up to 40% off must-have school supplies and dorm room staples from Amazon Basics and Amazon Essentials, and savings from brands like New Balance, HP, Jansport, and Play Doh Amazon (NASDAQ:AMZN) today announced customers can save big this summer during its 10th Prime Day event. Fro
USA News Group CommentaryIssued on behalf of Scope AI Corp. VANCOUVER, BC, June 21, 2024 /PRNewswire/ -- USA News Group – How we embrace this surging adoption of artificial intelligence (AI) in the economy of the future remains up for debate. Already, we're seeing the impact of AI adoption in the workplace, in culture, and in finance, but it won't end there. According to Goldman Sachs, AI is showing "very positive" signs of eventually boosting GDP and productivity, while some experts are remarking that the generative AI tech wave is sweeping in much faster (maybe 10x) than early internet. Behind the scenes, tech developers are building AI-powered tools that could potentially revolutionize pr
New innovative tools and features provide business customers with a convenient, intuitive, and personalized buying experience Through Amazon Business, multinational enterprises including Fortune 100, FTSE 100, and DAX-40 can maximize value for their company to help navigate challenges and stay on track for long-term growth These technologies were highlighted at Amazon Business Exchange—a single-day event for European industry leaders to discover new innovations and successful strategies to grow their business Amazon Business (NASDAQ:AMZN), the company's online business-to-business procurement store, today announced a number of new technology features including the Amazon Business App
Apple's first retail location in Malaysia will offer its full lineup of products and services, unparalleled support from over 160 team members, and sessions with local creatives Apple® today previewed Apple The Exchange TRX, the first Apple Store® in Malaysia. Located in the heart of Kuala Lumpur's new Tun Razak Exchange (TRX) central business district, the new store will deliver the magic of Apple in the country like never before. Customers can discover and buy Apple's innovative lineup of products and services, receive exceptional service from knowledgeable team members, and learn how to get the most out of their devices through free Today at Apple® sessions. "We live for moments when
With the Blink Subscription Plus Plan, customers can now view multiple motion events in a single "Moment" that's easy to save, share, and enjoy. Blink, an Amazon company, today announced Blink Moments, a new video viewing experience that automatically combines clips captured across Blink cameras into a streamlined video. Moments is currently rolling out, and will be fully available to global Blink Subscription Plus Plan customers in the coming weeks. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240617908561/en/Blink Moments view in the Blink App. (Photo: Business Wire) "The Blink app is core to the customer experience, and w
The Amazon Books Editors share their list of favorites from among the vast selection of books released so far this year on Amazon Amazon.com (NASDAQ:AMZN) today announced that the Amazon Books Editors have revealed the Best Books of the Year So Far, naming Percival Everett's novel, James, as the top choice. The Amazon Books Editors call it "a wildly entertaining and thought-provoking read that cements Percival Everett as one of the best modern-day writers." Other titles that rounded out the top five include The Women by Kristin Hannah, All the Worst Humans: How I Made News for Dictators, Tycoons, and Politicians by Phil Elwood, The Ministry of Time by Kaliane Bradley, and Martyr! by Kaveh
Movement to improve workplace safety covers nearly 2.9 million employees worldwide; grant recipients to help advance musculoskeletal disorder research and innovation WASHINGTON, June 13, 2024 /PRNewswire/ -- Musculoskeletal disorders, or MSDs, are the most common workplace injury and the second leading cause in shortening people's working years in the U.S. They also cost businesses in the private sector nearly $17 billion each year. Recognizing the impact these injuries have on workers and employers, the National Safety Council launched the MSD Pledge in June 2022 and the MSD Pledge 2.0 in October 2023 to spur a global movement to transform workplace safety and improve the lives of millions
Funds will help the next generation of startups turbocharge development of new generative AI applications and bring innovations to market faster AWS Generative AI Accelerator program will add another 80 early-stage startups from around the world that are using generative AI to solve complex challenges Amazon Web Services, Inc. (AWS), an Amazon.com, Inc. company (NASDAQ:AMZN), today announced a $230 million commitment for startups around the world to accelerate the creation of generative AI applications. This will provide startups, especially early-stage companies, with AWS credits, mentorship, and education to further their use of artificial intelligence (AI) and machine learning (ML) t
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USA News Group CommentaryIssued on behalf of Scope AI Corp. VANCOUVER, BC, June 21, 2024 /PRNewswire/ -- USA News Group – How we embrace this surging adoption of artificial intelligence (AI) in the economy of the future remains up for debate. Already, we're seeing the impact of AI adoption in the workplace, in culture, and in finance, but it won't end there. According to Goldman Sachs, AI is showing "very positive" signs of eventually boosting GDP and productivity, while some experts are remarking that the generative AI tech wave is sweeping in much faster (maybe 10x) than early internet. Behind the scenes, tech developers are building AI-powered tools that could potentially revolutionize pr
Jeremi Gorman and Roderick Randall Have Expertise in Content Monetization, Digital Media, Automotive Technology and Capital Allocation Board Expands to Seven Directors Xperi Inc. (NYSE:XPER) (the "Company" or "Xperi"), an entertainment technology company that invents, develops and delivers technologies that enable extraordinary experiences, today announced the appointment of Jeremi A. Gorman and Roderick K. ("Rod") Randall to the Board of Directors (the "Board"), effective June 10, 2024. Following the appointment of Ms. Gorman and Mr. Randall, the Board consists of seven directors, six of whom are independent. "We welcome Jeremi and Rod, both accomplished leaders with domain expertise
tvOS 18 introduces new cinematic experiences with InSight, Enhance Dialogue, and subtitles Apple® today announced software updates across its Home products that supercharge entertainment and deliver greater everyday convenience. With tvOS® 18, intelligent new features like InSight — and updates to Enhance Dialogue and subtitles — level up cinematic experiences, while new Apple Fitness+℠, Apple Music®, and FaceTime® capabilities get even better on users' biggest screen. The Home app gains new features with iOS 18, like guest access and hands-free unlock with home keys, delivering effortless and secure access to the home. tvOS 18 and iOS 18 are available as developer betas today, and will b
Subramanian joins the leading food for work technology company in the US, bringing more than 20 years of experience at high-growth companies ezCater, the leading food for work technology company in the US, today announced it has named Kaushik Subramanian as Chief Revenue Officer, effective June 3, 2024. Subramanian is a seasoned technology executive with over 20 years of business management experience at high-growth companies and marketplaces, including Lyft, Inc. (NASDAQ:LYFT), Amazon.com, Inc. (NASDAQ:AMZN), and Visa, Inc. (NYSE:V). This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240603123872/en/ezCater, the leading food for
USA News Group CommentaryIssued on behalf of Avant Technologies Inc. VANCOUVER, BC, May 2, 2024 /PRNewswire/ -- With integration of AI-powered computing steadily on the rise, analysts at Goldman Sachs Research are projecting that the global data center power behind this tech boom is poised to more than double by 2030. However, the catch is that Goldman's teach believes that the supporting data center load growth will require at least $50 billion in new power generation capacity investment to achieve this. Experts are now declaring that 'futuristic AI needs futuristic data centers' in order to achieve the dreams of developers and end-users. According to WhaTech, the growth for data centers ma
INSTANT®, a leading data automation and generative technology company specializing in real-time business intelligence for global enterprises and financial institutions, is delighted to announce the appointment of Rob Melnyk as Executive Vice President, Financial Services. With his extensive experience in leadership at high-growth investment management and capital markets firms, Rob brings a wealth of knowledge and expertise to the INSTANT leadership team. As Executive Vice President, Financial Services, Rob will spearhead efforts to refine the INSTANT Platform for Financial Services, assist with the product delivery sales process, drive strategic planning, and lead cross-organizational initi
NEW YORK, Feb. 20, 2024 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the Dow Jones Industrial Average (DJIA) and Dow Jones Transportation Average (DJTA) effective prior to the open of trading on Monday, February 26: Amazon.com Inc. (NASD:AMZN) will replace Walgreens Boots Alliance Inc. (NASD:WBA) in the Dow Jones Industrial Average. Reflecting the evolving nature of the American economy, this change will increase consumer retail exposure as well as other business areas in the DJIA. The index change was prompted by DJIA constituent Walmart Inc.'s (NYSE:WMT) decision to split its stock 3:1, which will reduce Walmart's index weight due to the price weighted construc
QUEBEC CITY, Jan. 29, 2024 /PRNewswire/ - LeddarTech® (NASDAQ:LDTC), an automotive software company that provides patented disruptive AI-based low-level sensor fusion and perception software technology for ADAS, AD, and parking applications, today announced that its Board of Directors appointed Sylvie Veilleux and Lizabeth Ardisana to the Board, effective immediately. Ms. Veilleux will serve on the Audit Committee and Ms. Ardisana will serve on the Nominating and Corporate Governance Committee. "We are pleased to welcome Sylvie and Liz to our board," said Mr. Derek Aberle, Cha
Al Gore and James Bell to retire after years of dedicated service Apple® today announced Dr. Wanda Austin, former president and CEO of The Aerospace Corporation, has been nominated for election to Apple's board of directors. Dr. Austin brings decades of science and technology experience to her role, and she has a significant track record of advancing innovation and shaping corporate strategy. As president and CEO of The Aerospace Corporation, Dr. Austin led an organization dedicated to supporting the U.S. space program and expanding opportunities for future exploration. She was the first woman and the first African American to hold the position. "Wanda has spent decades advancing tech
NORTHVILLE, Mich., Oct. 02, 2023 (GLOBE NEWSWIRE) -- Gentherm (NASDAQ:THRM), the global market leader of innovative thermal management and pneumatic comfort technologies for the automotive industry and a leader in medical patient temperature management systems, today announced that Dr. Ken Washington has been appointed to the Company's Board of Directors, effective October 2, 2023. Dr. Washington is the Senior Vice President, Chief Technology and Innovation Officer of Medtronic plc (NYSE:MDT), a global healthcare technology company that provides device-based medical therapies and services. He was appointed to this position in June 2023, and he leads innovation and the expansion of technol
Apple Inc. (NASDAQ:AAPL) has approved the marketplace app of Epic Games, the creator of “Fortnite,” for iPhones and iPads in Europe. This move comes amid a continuing conflict between the two tech behemoths. What Happened: Apple’s approval follows accusations from Epic Games that Apple was hindering its attempts to launch a games store on Apple devices. The tech giant stated that the dispute is centered around the Epic Sweden AB Marketplace and is not related to Epic’s Fortnite app, which Apple has already approved, reported Reuters. Epic Games had earlier alleged that Apple had twice rejected its application to launch the Epic Games Store due to similarities in the design of certa
The Walt Disney Company (NYSE:DIS) CEO Bob Iger rejoined the company in the CEO role in November 2022. In addition to leading Disney, Iger may soon add sports team owner to his list of titles. What Happened: Disney is no stranger to sports with its ESPN brand and previous ownership of the Anaheim Mighty Ducks (NHL) and Anaheim Angels (MLB). The company's CEO is nearing a deal to acquire a stake in women's soccer team Angel City, which competes in the National Women's Soccer League (NWSL). Angel City would be valued at $300 million in the deal, according to a report from Semafor. This would make the team the most valuable women's sports team in the world. Iger and his wife Willow
A small number of technology companies, affectionately named the “Magnificent 7,” have accounted for an outsized portion of the SPDR S&P 500 ETF Trust (NYSE:SPY) gains in 2024. Will it continue through the rest of the year? The Magnificent 7: The Magnificent 7 comprises seven mega-cap companies: Microsoft Corp (NASDAQ:MSFT), up 26.15% in 2024. Apple Inc (NASDAQ:AAPL), up 21.37% in 2024. NVIDIA Corp (NASDAQ:NVDA), up 164.38% in 2024. Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL), up 37.88% in 2024. Amazon.com Inc (NASDAQ:AMZN), up 33.38% in 2024. Meta Platforms Inc (NASDAQ:META), up 54.24% in 2024. Tesla Inc (NASDAQ:TSLA), down 0.72% in 2024 (but up over 40% in the past m
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Apple Inc. (NASDAQ:AAPL) shares are moving higher Friday. Here’s what you need to know. What’s Going On: The company is facing new accusations from Epic Games, the creator of “Fortnite,” over blocking its efforts to launch a game store on iPhones and iPads in Europe. Epic Games reported that Apple has rejected its Epic Games Store notarization submission twice, citing similarities in button designs and labels to those used by the App Store. Epic claims that these conventions are standard across popular app stores and argues that Apple’s rejections are arbitrary, violating the Digital Markets Act (DMA). What Else: In light of other developments, Apple is working on the next generatio
This whale alert can help traders discover the next big trading opportunities. Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner. Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. Here's the list of options activity happening in today's session: Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume TSLA CALL TRADE BULLISH 07/05/24 $245.00 $65.0K 23.9K 73.6K AMZN CALL TRADE BEARISH 07/19/24 $200.00
This whale alert can help traders discover the next big trading opportunities. Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner. Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. Below are some instances of options activity happening in the Information Technology sector: Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume AMD CALL SWEEP BULLISH 07/05/24 $172.50 $35.8K 6.7K 132.9K AAPL CALL SWEEP
Taiwan Semiconductor Manufacturing Co (NYSE:TSM) saw its shares rise to a record on Thursday in the Taiwan Stock Exchange. The rally boosted Taiwan Semiconductor’s market capitalization to over $946 billion in the U.S. stock exchange as of Friday. Investors are optimistic that Taiwan Semiconductor will benefit from robust demand for artificial intelligence (AI) and high-performance computing (HPC) chips, the Taiwan Times reports. Taiwan Semiconductor has surged 69.48% this year, solidifying its position as the most valuable stock on the local exchange and the world’s 10th-largest company by market capitalization. Analysts anticipate a positive earnings report from Taiwan Semicon