Streetbeat News

Analyst Ratings

TDOC

Citigroup analyst Daniel Grosslight has maintained a Neutral rating on Teladoc Health (NYSE:TDOC) and lowered the price target from $29 to $21.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2023 | 3:34 pm

BAC

Bank of America Corp (BAC) shares are trading lower despite reporting better-than-expected Q3 financial results. The bank posted a 10% YoY increase in net income to $7.8 billion and EPS of $0.90, surpassing the expected EPS of $0.81. Revenue also exceeded expectations, growing by 3% YoY to $25.32 billion. The bank saw a 4% YoY increase in net interest income to $14.4 billion due to higher interest rates and strong loan growth.

Portfolio Pulse from Henry Khederian

October 23, 2023 | 3:34 pm

AMZN

BofA Securities analyst Justin Post reiterated a Buy rating on Amazon (AMZN) with a price target of $174.00. He expects Q3 revenue and profit to be slightly above the street view at $142 billion and $8 billion, respectively. AWS revenue growth is the top Q3 metric, with Q3 beat possible as online spending was up 1% y/y in Q3. For Q4, revenue is expected to be at $169.3 billion versus the $166.5 billion consensus. The two tenets for bulls on Amazon stock in 2024 are AWS acceleration to high teens and NA retail margin improvement to about 5%.

Portfolio Pulse from Shivani Kumaresan

October 23, 2023 | 3:32 pm

BX

A significant bearish stance has been taken on Blackstone (NYSE:BX) by a large investor or institution, as indicated by unusual options activity. The sentiment among these big-money traders is split, with 43% bullish and 56% bearish. The targeted price range for Blackstone over the last 3 months has been $100.0 to $120.0. Analysts from Wells Fargo, BMO Capital, Barclays, HSBC, and Morgan Stanley have maintained their ratings on Blackstone, with price targets ranging from $94 to $120.

Portfolio Pulse from Benzinga Insights

October 23, 2023 | 3:30 pm

T

Citigroup analyst Michael Rollins has maintained a 'Buy' rating on AT&T (NYSE:T) and raised the price target from $17 to $18.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2023 | 3:30 pm

LRCX

A significant amount of unusual options activity has been observed for Lam Research (NASDAQ:LRCX), with both bullish and bearish stances taken by investors. The trades have targeted a price range from $400.0 to $720.0 for Lam Research over the last 3 months. The current price of LRCX is $601.34, up 0.16%. Analysts from B. Riley Securities, JP Morgan, Needham, and UBS have maintained or upgraded their ratings on Lam Research, with price targets ranging from $700 to $800.

Portfolio Pulse from Benzinga Insights

October 23, 2023 | 3:30 pm

DNB

PRLB

Stacy Greiner, COO of DailyPay, will be participating in Benzinga's Fintech Deal Day event. Greiner has a diverse background in engineering, product development, marketing and management, and has held senior roles at Cisco, IBM, Accenture, and Dun & Bradstreet Holdings Inc. She is also a board member of Proto Labs, Inc. DailyPay is an on-demand B2B payment solution that allows users to access their earned income immediately.

Portfolio Pulse from Stjepan Kalinic

October 23, 2023 | 3:27 pm

SPY

Bill Gross, a renowned bond investor, has recommended investing in the yield curve, specifically in combinations of 2/10 and 2/5. He predicts these will go positive before the end of the year. He also mentioned that he is buying SFR h5 (SOFR Futures), indicating a shift from the 'higher for longer' investment strategy.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2023 | 3:24 pm

MGM

HSBC has initiated coverage on MGM Resorts with a Buy rating and a price target of $49. This has led to a rise in MGM Resorts' shares.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2023 | 3:21 pm

AAPL

AMZN

BTCUSD

GLD

GOOG

META

MSFT

NVDA

QQQ

SPY

TSLA

USO

The Arora Report suggests that gold may break above the resistance zone, with significant buying likely coming from Asia. The 10-year Treasury yields are near 5%, causing volatility as Wall Street machines sell stocks on yields above 5% and buy on yields below 5%. 30% of S&P 500 earnings are this week, with key earnings from Microsoft, Alphabet, Meta Platforms, and Amazon. Early trade money flows are positive in Meta, NVIDIA, and Microsoft, but negative in Amazon, Alphabet, Tesla, and Apple. Money flows are mixed in SPDR S&P 500 ETF Trust and Invesco QQQ Trust Series 1. Bitcoin is above $30,000 as excitement builds on a potential spot bitcoin ETF.

Portfolio Pulse from The Arora Report

October 23, 2023 | 3:19 pm