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Analyst Ratings

NFLX

ROKU

Roku, Inc. (NASDAQ:ROKU) shares are trading higher in sympathy with Netflix (NASDAQ:NFLX), which reported better-than-expected Q3 sales results. Roku is rebounding from an 8% drop following a Wells Fargo analyst report and lowered price target. Roku is set to announce its Q3 financial results on Nov. 1.

Portfolio Pulse from Erica Kollmann

October 19, 2023 | 2:54 pm

BEAM

Beam Therapeutics Inc (NASDAQ:BEAM) announced a strategic restructuring and portfolio prioritization, which includes cost reductions expected to extend its operating plan into 2026. The company plans to focus on specific clinical programs and research areas for near-term value creation. This includes prioritizing the development of its sickle cell disease programs and base editor BEAM-302. Beam also plans to reduce its workforce by approximately 20% and incur one-time charges of about $6.6 million related to the headcount reduction. Following the announcement, Beam shares were down 9.38%.

Portfolio Pulse from Adam Eckert

October 19, 2023 | 2:50 pm

SAP

JMP Securities analyst Patrick Walravens has reiterated a Market Outperform rating on SAP (NYSE:SAP) and maintained a price target of $179.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 2:46 pm

AAPL

MSFT

NFLX

NVDA

QQQ

SPY

TSLA

The Market Clubhouse Morning Memo discusses trade strategies for SPY, QQQ, AAPL, MSFT, NVDA, TSLA, and NFLX. The memo provides price levels for each stock, taking into account price, volume, and options flow. The memo also mentions the potential impact of the premarket release of unemployment data and remarks from Jerome Powell at the Economic Club of New York.

Portfolio Pulse from RIPS

October 19, 2023 | 2:45 pm

ROST

Ross Stores's (NYSE:ROST) short percent of float has risen 10.19% since its last report, with 3.39 million shares sold short, which is 1.19% of all regular shares available for trading. It would take traders 1.68 days to cover their short positions on average. The company has less short interest than most of its peers, with an average of 16.09% for its peer group.

Portfolio Pulse from Benzinga Insights

October 19, 2023 | 2:45 pm

HES

Hess's (NYSE:HES) short percent of float has risen 30.52% since its last report, with 4.05 million shares sold short, which is 2.01% of all regular shares available for trading. It would take traders 2.16 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. Hess's peer group average for short interest as a percentage of float is 6.76%, which means the company has less short interest than most of its peers.

Portfolio Pulse from Benzinga Insights

October 19, 2023 | 2:45 pm

MCK

McKesson's (NYSE:MCK) short percent of float has risen 11.48% since its last report, with 1.83 million shares sold short, which is 1.36% of all regular shares available for trading. It would take traders 2.69 days to cover their short positions on average. The company's short interest is less than its peer group average of 7.28%.

Portfolio Pulse from Benzinga Insights

October 19, 2023 | 2:45 pm

TSLA

Morgan Stanley analyst Adam Jonas has maintained an Overweight rating on Tesla (NASDAQ:TSLA) but lowered the price target from $400 to $380.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 2:45 pm

TWO

JMP Securities analyst Trevor Cranston maintains a Market Outperform rating on Two Harbors Inv (NYSE:TWO) but lowers the price target from $14.5 to $12.5.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 2:44 pm

STT

Morgan Stanley analyst Connor Lynagh has maintained an Equal-Weight rating on State Street (NYSE:STT) and raised the price target from $78 to $79.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 2:44 pm