Pete Najarian Bought Calls In Western Digital, Murphy Oil And More

Craig Jones

Fri, Mar 5, 2021, 4:43 PM1 min read

In this article:

On CNBC's "Fast Money Halftime Report," Pete Najarian spoke about Western Digital Corp (NASDAQ: WDC), which got upgraded to Buy on Friday at Goldman Sachs. The analyst increased the price target from $56 to $85.

Najarian bought the March $66.50 calls in Western Digital because he noticed unusually high volume. Around 5,000 contracts were traded and they expire in a week. He said that Western Digital is one of the stocks with better valuation.

Najarian also bought calls in Murphy Oil Corporation (NYSE: MUR) because he is looking for upside in the energy sector. He also noticed unusually high options activity in Murphy Oil.

Square Inc (NYSE: SQ) and Community Health Systems Inc (NYSE: CYH) were among the stocks that caught Najarian's attention on Friday. He bought calls in these names.

See more from Benzinga

QuantumScape Making Big Moves: Time to Buy Before It Skyrockets?
The battery start-up might reach its ambitions sooner than expected.
Motley Fool
Missed Out on Nvidia? This Incredibly Cheap Semiconductor Stock Is Crushing Nvidia in a Key Market Right Now, and It Could Soar 55%.
Nvidia hasn't been able to make much of a dent in the automotive chip market, but there is one company that's winning big in this space.
Motley Fool
UPDATE 3-Billionaire quant investing pioneer and philanthropist James Simons dies at 86
Billionaire investor James Simons, the mathematician and Cold War code-breaker who founded one of the world's most prominent and profitable hedge funds, Renaissance Technologies, has died at 86, his foundation said on Friday. The Simons Foundation did not give a cause of death. Sixty years ago Simons -- who preferred to be known as Jim -- shifted course from teaching mathematics and working in U.S. intelligence to investing.
Reuters
3 Magnificent S&P 500 Dividend Stocks Down 30% (or More) to Buy and Hold Forever
These three reliable dividend payers have historically high yields thanks to deep price declines.
Motley Fool
Massive News for Intel Stock Investors
Intel was hit with more bad news that has enormous implications for investors.
Motley Fool
40.2% of Warren Buffett's $362 Billion Portfolio Is Invested in 2 Artificial Intelligence (AI) Stocks
You won't catch Warren Buffett chasing the latest stock market trend, but many companies in Berkshire Hathaway's portfolio are benefiting from AI nonetheless.
Motley Fool
Bluesky now lets you personalize main Discover feed using new controls
Bluesky is now allowing users to personalize their main Discover feeds. The social network is rolling out an updated version of its app that lets users offer feedback about its algorithmic feed so they can better customize it using "Show more like this" and "Show less like this" buttons in a post's menu to choose which content the algorithm surfaces. The change will help Bluesky users create a timeline that takes into consideration their own preferences, not what the company thinks they should see.
TechCrunch
OpenAI to Announce ChatGPT Updates Via Livestream Monday
(Bloomberg) -- Artificial intelligence company OpenAI will announce product updates via livestream on Monday, the company said in a post, stoking speculation about the AI giant’s next major release. Most Read from BloombergApple Nears Deal With OpenAI to Put ChatGPT on iPhoneIce Cube’s Big3 Basketball League Sells Its First Team in $10 Million DealFord Cuts Battery Orders as EV Losses Top $100,000 Per CarHow One Brooklyn Neighborhood Became a Nightclub HavenElon Musk Pledges to Grow Supercharger
Bloomberg
This Is What the Latest Artificial Intelligence (AI) Earnings Reports Say About Nvidia Stock's Future
Intel and AMD's latest earnings reports make one thing clear about the state of Nvidia's competition in the AI chip market.
Motley Fool
China to Nurture Stock Rally by Masking Live Foreign Flows Data
(Bloomberg) -- China is set to switch off a live feed of foreign flows for stocks as early as Monday, the latest policy move to shore up confidence by removing a potential source of negative data.Most Read from BloombergApple Nears Deal With OpenAI to Put ChatGPT on iPhoneIce Cube’s Big3 Basketball League Sells Its First Team in $10 Million DealFord Cuts Battery Orders as EV Losses Top $100,000 Per CarHow One Brooklyn Neighborhood Became a Nightclub HavenElon Musk Pledges to Grow Supercharger Bu
Bloomberg

News

Life

Entertainment

Finance

Sports

New on Yahoo

Yahoo Finance

Pete Najarian Bought Calls In Western Digital, Murphy Oil And More

Recommended Stories

QuantumScape Making Big Moves: Time to Buy Before It Skyrockets?

Missed Out on Nvidia? This Incredibly Cheap Semiconductor Stock Is Crushing Nvidia in a Key Market Right Now, and It Could Soar 55%.

UPDATE 3-Billionaire quant investing pioneer and philanthropist James Simons dies at 86

3 Magnificent S&P 500 Dividend Stocks Down 30% (or More) to Buy and Hold Forever

Massive News for Intel Stock Investors

40.2% of Warren Buffett's $362 Billion Portfolio Is Invested in 2 Artificial Intelligence (AI) Stocks

Bluesky now lets you personalize main Discover feed using new controls

OpenAI to Announce ChatGPT Updates Via Livestream Monday

This Is What the Latest Artificial Intelligence (AI) Earnings Reports Say About Nvidia Stock's Future

China to Nurture Stock Rally by Masking Live Foreign Flows Data