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CVS

HSY

MDLZ

NVO

PEP

SJM

The rise of obesity and diabetes drugs like Novo Nordisk's Wegovy and Ozempic is causing concerns about the future of the snacking industry. However, companies like J.M. Smucker's, Hershey Co, Mondelez International, and PepsiCo remain optimistic, citing the enduring popularity of snacks and the shift towards healthier options. High costs and limited insurance coverage for these drugs, with exceptions like CVS Health Corp's Aetna, also play a role.

Portfolio Pulse from Vandana Singh

October 02, 2023 | 7:47 pm

SHW

Sherwin-Williams's (NYSE:SHW) short percent of float has risen 5.47% since its last report, with 3.19 million shares sold short, which is 1.35% of all regular shares available for trading. It would take traders 2.41 days to cover their short positions on average. The company's short interest is less than most of its peers, with an average of 4.01%.

Portfolio Pulse from Benzinga Insights

October 02, 2023 | 7:45 pm

ITW

Illinois Tool Works's (NYSE:ITW) short percent of float has risen 3.65% since its last report, with 6.85 million shares sold short, which is 2.27% of all regular shares available for trading. It would take traders 6.5 days to cover their short positions on average. The company has less short interest than most of its peers, with the peer group average at 3.56%.

Portfolio Pulse from Benzinga Insights

October 02, 2023 | 7:45 pm

ECL

Ecolab's (NYSE:ECL) short percent of float has risen 4.29% since its last report, with 1.82 million shares sold short. This represents 0.73% of all regular shares available for trading. An increase in short interest can indicate a bearish market sentiment. However, Ecolab's short interest as a percentage of float is less than its peer group average of 4.04%.

Portfolio Pulse from Benzinga Insights

October 02, 2023 | 7:45 pm

ABNB

A large investor has taken a bearish stance on Airbnb (NASDAQ:ABNB), with 13 uncommon options trades spotted for the company. The sentiment of these big-money traders is split between 46% bullish and 53% bearish. Whales have been targeting a price range from $85.0 to $165.0 for Airbnb over the last 3 months. Truist Securities has maintained their Hold rating on Airbnb, with a price target of $126.

Portfolio Pulse from Benzinga Insights

October 02, 2023 | 7:30 pm

MA

A significant bearish stance has been taken on Mastercard (NYSE:MA) as indicated by unusual options activity. The overall sentiment of these big-money traders is split between 36% bullish and 63% bearish. The whales have been targeting a price range from $280.0 to $430.0 for Mastercard over the last 3 months. Jefferies and Truist Securities have maintained their Buy rating on Mastercard, with a price target of $475.

Portfolio Pulse from Benzinga Insights

October 02, 2023 | 7:30 pm

XOM

A significant amount of bearish options activity has been observed for Exxon Mobil (NYSE:XOM), with 67% of investors opening trades with bearish expectations. The total amount for puts is $1,082,969 and for calls is $728,451. Whales have been targeting a price range from $90.0 to $135.0 for Exxon Mobil over the last 3 months. The current price of XOM is down -2.23% at $114.96. Analysts from Mizuho, Morgan Stanley, Wells Fargo, and RBC Capital have maintained their ratings on Exxon Mobil with price targets ranging from $120 to $139.

Portfolio Pulse from Benzinga Insights

October 02, 2023 | 7:01 pm

CMCSA

A large investor has taken a bullish stance on Comcast (NASDAQ:CMCSA), with 70% of big-money traders also showing bullish sentiment. The price target for Comcast over the last 3 months has been between $35.0 to $46.0. The current price of CMCSA is $44.25, with JP Morgan maintaining a neutral rating and a price target of $49.

Portfolio Pulse from Benzinga Insights

October 02, 2023 | 7:01 pm

TRU

TransUnion (NYSE:TRU) has received a mix of bullish and indifferent ratings from 7 analysts over the last quarter. The average price target is $91.14, indicating potential upside from the current price of $71.79. This average target has increased by 16.1% from the previous average of $78.50.

Portfolio Pulse from Benzinga Insights

October 02, 2023 | 7:00 pm

HTLD

Over the past 3 months, 4 analysts have published their neutral opinion on Heartland Express (NASDAQ:HTLD) stock. The average price target is $17.0, implying an upside from the current price of $14.69. This average has decreased by 3.79% from the previous average price target of $17.67.

Portfolio Pulse from Benzinga Insights

October 02, 2023 | 7:00 pm