Streetbeat News

Analyst Ratings

AAPL

GOOGL

META

MSFT

NVDA

QQQ

SPY

TSLA

The Market Clubhouse Morning Memo for February 12th, 2024, provides trading strategies for SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA, based on a proprietary formula considering price, volume, and options flow. The memo outlines potential bullish and bearish price levels for each asset, advising traders to monitor these stocks closely for breakouts or reversals. Additionally, the memo highlights the importance of staying alert to market changes and mentions upcoming economic data releases.

Portfolio Pulse from RIPS

February 12, 2024 | 3:38 pm

PSBD

UBS has initiated coverage on Palmer Square Capital BDC (PSBD) with a Neutral rating and set a price target of $16.5. This new coverage could influence investor sentiment and potentially impact PSBD's stock price in the short term.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 3:35 pm

ENB

RBC Capital analyst Maurice Choy maintains an Outperform rating on Enbridge (TSX:ENB) but lowers the price target from C$55 to C$54.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 3:34 pm

CGC

Piper Sandler analyst Michael Lavery maintains an Underweight rating on Canopy Growth (CGC) and lowers the price target from $5 to $3.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 3:31 pm

AMAT

Applied Materials (NASDAQ:AMAT) has seen unusual options activity, indicating a split sentiment among big-money traders, with 54% bullish and 45% bearish. A total of 11 options trades were spotted, focusing on a price band between $180.0 and $260.0. The company, a leading semiconductor wafer fabrication equipment manufacturer, has its next earnings expected in 3 days. Analysts have mixed views, with an average target price of $166.67, varying from $140 to $180.

Portfolio Pulse from Benzinga Insights

February 12, 2024 | 3:30 pm

IBM

Financial analysts have observed unusual options activity on IBM, indicating a bearish sentiment despite a majority of trades being calls. The activity suggests a price target range of $160 to $210 for IBM in the next three months. The volume and open interest trends in options trading provide insights into market liquidity and interest. IBM's current stock price is slightly down, with an RSI indicating it may be approaching overbought territory. Analyst ratings on IBM are generally positive, with an average target price of $196.6, suggesting optimism about the company's future performance.

Portfolio Pulse from Benzinga Insights

February 12, 2024 | 3:30 pm

K

Piper Sandler analyst Michael Lavery maintains a Neutral rating on Kellanova (NYSE:K) and raises the price target from $59 to $60.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 3:29 pm

PINE

JonesTrading analyst Jason Weaver maintains a Buy rating on Alpine Income Prop Trust (NYSE:PINE) but lowers the price target from $20 to $19.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 3:27 pm

ICE

Piper Sandler analyst Patrick Moley maintains an Overweight rating on Intercontinental Exchange (NYSE:ICE) and raises the price target from $135 to $149.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 3:26 pm