Streetbeat News

Assets

BAC

A significant bearish stance has been taken on Bank of America (NYSE:BAC) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is split, with 43% bullish and 56% bearish. The whales have been targeting a price range from $13.0 to $35.0 for Bank of America over the last 3 months. BMO Capital, Oppenheimer, and Morgan Stanley have maintained their respective ratings on Bank of America, with price targets of $40, $49, and $32.

Portfolio Pulse from Benzinga Insights

October 30, 2023 | 8:16 pm

ADP

A significant bearish stance has been taken on Automatic Data Processing (NASDAQ:ADP) by a large investor, as indicated by unusual options activity. The overall sentiment of these big-money traders is split between 35% bullish and 64% bearish. The whales have been targeting a price range from $220.0 to $230.0 for ADP over the last 3 months. Morgan Stanley and Barclays have maintained their Equal-Weight and Overweight ratings on ADP, with price targets of $250 and $280 respectively.

Portfolio Pulse from Benzinga Insights

October 30, 2023 | 8:16 pm

TLT

The US Treasury Department's quarterly refunding announcement is expected to reveal its strategy to increase sales of long-term debt. This comes as long-term bonds have been falling for weeks, despite the Federal Reserve hinting at a possible cessation of interest rate hikes. The iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) has fallen 18% year to date, following a 33% drop in 2022. Market participants are watching to see if the pace of expansion in longer-term debt sales will continue.

Portfolio Pulse from Piero Cingari

October 30, 2023 | 8:13 pm

SNOW

A significant amount of unusual options activity has been observed for Snowflake (NYSE:SNOW), with a bearish stance being taken by a majority of investors. Of the 18 strange trades detected, 55% were bearish and 44% bullish. The total amount for puts was $505,543 and for calls, $337,468. Whales have been targeting a price range from $135.0 to $400.0 for Snowflake over the last 3 months. B of A Securities and Mizuho have downgraded their actions on Snowflake, while Piper Sandler maintains an Overweight rating.

Portfolio Pulse from Benzinga Insights

October 30, 2023 | 8:00 pm

ELV

Elevance Health (NYSE:ELV) has outperformed the market over the past 20 years, producing an average annual return of 13.84% and a market capitalization of $105.46 billion. If an investor had bought $1000 of ELV stock 20 years ago, it would be worth $13,084.39 today.

Portfolio Pulse from Benzinga Insights

October 30, 2023 | 8:00 pm

FAST

Fastenal (NASDAQ:FAST) has outperformed the market over the past 20 years by 5.31% on an annualized basis, producing an average annual return of 12.37%. If an investor had bought $1000 of FAST stock 20 years ago, it would be worth $10,280.43 today.

Portfolio Pulse from Benzinga Insights

October 30, 2023 | 8:00 pm

TMO

A significant bullish stance has been taken on Thermo Fisher Scientific (NYSE:TMO) as evidenced by unusual options activity. The sentiment among these big-money traders is split between 64% bullish and 35% bearish. The targeted price range for TMO over the last 3 months is from $400.0 to $490.0. The current price of TMO is $431.55, up 0.03%.

Portfolio Pulse from Benzinga Insights

October 30, 2023 | 7:45 pm

AZO

A significant bullish stance on AutoZone (NYSE:AZO) has been observed through unusual options activity. The sentiment among these big-money traders is split between 54% bullish and 45% bearish. The targeted price range for AutoZone over the last 3 months is from $1040.0 to $2750.0. TD Cowen downgraded its action to Outperform with a price target of $2975, Truist Securities maintained their Buy rating with a price target of $2863, and Oppenheimer downgraded its action to Perform with a price target of $2600.

Portfolio Pulse from Benzinga Insights

October 30, 2023 | 7:45 pm

VEEV

Veeva Sys (NYSE:VEEV) has outperformed the market over the past 5 years by 6.75% on an annualized basis, producing an average annual return of 15.64%. If an investor had bought $100 of VEEV stock 5 years ago, it would be worth $206.33 today.

Portfolio Pulse from Benzinga Insights

October 30, 2023 | 7:30 pm

TSM

Taiwan Semiconductor (NYSE:TSM) has outperformed the market over the past 10 years by 7.99% on an annualized basis, producing an average annual return of 16.96%. If an investor had bought $100 of TSM stock 10 years ago, it would be worth $472.30 today.

Portfolio Pulse from Benzinga Insights

October 30, 2023 | 7:30 pm