Streetbeat News

Analyst Ratings

BDLP

BE

HYDR

PLUG

Barry Norris, founder and chief investment officer of Argonaut Capital Partners, has expressed skepticism about the sustainability of several business models in the hydrogen industry, predicting bleak returns in the near future. He has placed short bets against some of these firms, anticipating their stock prices will tumble. The Global X Hydrogen ETF (NASDAQ:HYDR) has seen a 40% decline over the last year. Its major players, Bloom Energy Corp. (NYSE:BE), Plug Power Inc. (NASDAQ:PLUG) and Ballard Power Systems Inc. (NASDAQ:BDLP), have suffered losses of 42%, 73%, and 50%, respectively.

Portfolio Pulse from Piero Cingari

September 11, 2023 | 8:48 pm

DELL

A significant amount of unusual options activity has been observed for Dell Technologies (NYSE:DELL), with a majority of investors taking a bearish stance. The price range targeted by these investors over the last three months is between $55.0 and $85.0. The current price of DELL is $72.16, up by 2.35%. Analysts have mixed ratings on Dell, with Barclays downgrading it to Underweight with a price target of $53, while UBS maintains a Buy rating with a price target of $69.

Portfolio Pulse from Benzinga Insights

September 11, 2023 | 8:30 pm

INTC

Intel Corporation's stock has been trending higher despite recent threats from China to semiconductor and tech stocks. The stock gained last week even as the sector weakened due to China's plans to restrict iPhone usage and Huawei's announcement of a new smartphone. Intel's presentation at the Citi Global Technology Conference was viewed positively by Citi analyst Christopher Danely.

Portfolio Pulse from Ryan Gustafson

September 11, 2023 | 8:20 pm

LRCX

A significant bearish stance has been taken on Lam Research (NASDAQ:LRCX) as indicated by unusual options activity. The overall sentiment of these big-money traders is split between 19% bullish and 80% bearish. Whales have been targeting a price range from $450.0 to $750.0 for Lam Research over the last 3 months. Stifel has maintained their Buy rating on Lam Research, with a price target of $750.

Portfolio Pulse from Benzinga Insights

September 11, 2023 | 8:16 pm

MTRX

Matrix Service (NASDAQ:MTRX) reported Q4 losses of $(0.11) per share, beating the analyst consensus estimate of $(0.21) by 47.62%. However, the company's quarterly sales of $205.90 million missed the analyst consensus estimate of $208.23 million by 1.12%.

Portfolio Pulse from Bill Haddad

September 11, 2023 | 8:12 pm

ARKK

PP

TSLA

Tesla's stock soared by over 10% on Monday, increasing the company's market cap by $80 billion. The surge was driven by Morgan Stanley's analyst Adam Jonas upgrading Tesla's stock from Equalweight to Overweight and hiking the price target from $250 to $400. The optimism is rooted in the potential of Tesla's Dojo supercomputer, which could add $500 billion to Tesla's enterprise value. ETFs with significant Tesla exposure also saw gains, with The Meet Kevin Pricing Power ETF (NYSE:PP) leading the pack with a 3.2% surge.

Portfolio Pulse from Piero Cingari

September 11, 2023 | 8:11 pm

AFRM

Barclays has maintained an Overweight rating on Affirm's stock and increased its price target from $21 to $25. This has resulted in Affirm's shares trading higher.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2023 | 7:41 pm

SHOP

A significant bearish stance has been taken on Shopify (NYSE:SHOP) by a large investor, as observed in the unusual options activity. The sentiment among these big-money traders is split between 33% bullish and 66% bearish. The price range targeted by these investors for Shopify over the last 3 months is from $40.0 to $210.0. The stock is currently up 2.43% at $64.54, with RSI indicators suggesting it may be approaching overbought. Analysts have mixed opinions, with Roth MKM and Canaccord Genuity upgrading their actions to Buy, while Wedbush downgraded its action to Outperform.

Portfolio Pulse from Benzinga Insights

September 11, 2023 | 7:30 pm

CVS

Traders are circulating a note from Wolfe Research on CVS.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2023 | 7:30 pm

BAC

SPY

Bank of America's CFO has stated that the two major factors influencing the bank's performance in the upcoming quarter will be the markets and trading.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2023 | 7:16 pm