Streetbeat News

Analyst Ratings

AAPL

MSFT

NVDA

QQQ

SPY

TSLA

The Market Clubhouse Morning Memo discusses trade strategies for SPY, QQQ, AAPL, MSFT, NVDA, and TSLA. The memo provides price levels based on a proprietary formula that considers price, volume, and options flow. The memo suggests potential breakouts or reversals for these stocks and recommends traders to stay alert and adjust their tactics based on the market's pulse.

Portfolio Pulse from RIPS

October 10, 2023 | 3:27 pm

RARE

Morgan Stanley analyst Jeffrey Hung has maintained an Overweight rating on Ultragenyx Pharmaceutical (NASDAQ:RARE) but lowered the price target from $95 to $90.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 3:26 pm

RYTM

Morgan Stanley analyst Jeffrey Hung has maintained an Equal-Weight rating on Rhythm Pharmaceuticals (NASDAQ:RYTM) and raised the price target from $28 to $29.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 3:24 pm

FOLD

Morgan Stanley analyst Andrew Galler has maintained an Equal-Weight rating on Amicus Therapeutics (NASDAQ:FOLD) and lowered the price target from $15 to $14.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 3:17 pm

ALNY

Morgan Stanley analyst Michael Ulz has maintained an Equal-Weight rating on Alnylam Pharmaceuticals (NASDAQ:ALNY) and lowered the price target from $210 to $175.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 3:16 pm

MELI

A significant bullish stance has been taken on MercadoLibre (NASDAQ:MELI) as evidenced by unusual options activity. The sentiment among these big-money traders is split between 66% bullish and 33% bearish. The whales have been targeting a price range from $1000.0 to $1410.0 for MercadoLibre over the last 3 months. Susquehanna has maintained their Positive rating on MercadoLibre, with a price target of $1625.

Portfolio Pulse from Benzinga Insights

October 10, 2023 | 3:16 pm

NKE

A significant bullish stance on Nike (NYSE:NKE) has been observed, with a large position appearing in publicly available options history. Benzinga's options scanner spotted 15 options trades for Nike, with sentiment split between 66% bullish and 33% bearish. Whales have been targeting a price range from $70.0 to $125.0 for Nike over the last 3 months. Several financial institutions have maintained their ratings on Nike, with price targets ranging from $100 to $137.

Portfolio Pulse from Benzinga Insights

October 10, 2023 | 3:15 pm

FCX

A significant bullish stance has been taken on Freeport-McMoRan (NYSE:FCX) as evidenced by unusual options activity. The sentiment among these big-money traders is 70% bullish and 30% bearish. The whales have been targeting a price range from $34.0 to $37.0 for Freeport-McMoRan over the last 3 months. The current price of FCX is up 1.17% at $37.26. Morgan Stanley has maintained their Equal-Weight rating on Freeport-McMoRan with a price target of $44.

Portfolio Pulse from Benzinga Insights

October 10, 2023 | 3:15 pm

UTEN

The IMF's World Economic Outlook forecasts robust growth for the US economy, with GDP in 2023 expected to surpass pre-pandemic levels. The US economic growth for 2023 is estimated at 2.1%, a 0.3 percentage point increase from previous estimates. Unemployment is expected to rise modestly from 3.6% to 3.9% by 2025. However, the IMF warns of rising government debt due to expansionary fiscal policy, with debt expected to increase from 123.3% of GDP in 2023 to 137.5% by 2028. The 10-year government bond yield is projected to average 3.8% in 2023 and increase to 4.0% in 2024. The US 10 Year Note ETF (NASDAQ:UTEN) has fallen by 9% in 2023.

Portfolio Pulse from Piero Cingari

October 10, 2023 | 3:10 pm

TFC

Truist Financial Corporation (TFC) shares are trading higher on above-average volume, despite being down nearly 2% over the last month. Last week, analysts from Raymond James and Morgan Stanley lowered their price targets on TFC. The company is expected to announce Q3 earnings of 82 cents per share and quarterly revenue of $5.68 billion on Oct. 19.

Portfolio Pulse from Erica Kollmann

October 10, 2023 | 3:08 pm