Streetbeat News

Assets

PDD

Unusual options activity has been observed for PDD Holdings (NASDAQ:PDD), with a large position indicating a bullish stance. The sentiment among these big-money traders is split between 60% bullish and 40% bearish. The whales have been targeting a price range from $70.0 to $150.0 for PDD Holdings over the last 3 months. The price of PDD is currently up 1.11% at $109.48.

Portfolio Pulse from Benzinga Insights

October 30, 2023 | 4:45 pm

CSIQ

Canadian Solar Inc (NASDAQ:CSIQ) plans to establish a 5 GW Solar photovoltaic cell production facility in Jeffersonville, Indiana, with an investment of over $800 million. The company expects to create around 1,200 high-tech jobs by 2025. The facility is expected to produce 5 GW annually, which will be used at the previously announced 5 GW module assembly plant in Mesquite, Texas. Last week, CSIQ's subsidiary CSI Solar Co., Ltd won a supply and integration contract for 1 GWh DC of energy storage solutions for DEPCOM Power, Inc. and Tucson Electric Power (TEP) in Arizona.

Portfolio Pulse from Lekha Gupta

October 30, 2023 | 4:37 pm

RACE

Ferrari (NYSE:RACE) has outperformed the market over the past 5 years, producing an average annual return of 20.19%. If an investor had bought $100 of RACE stock 5 years ago, it would be worth $249.82 today. Ferrari has a market capitalization of $54.24 billion.

Portfolio Pulse from Benzinga Insights

October 30, 2023 | 4:30 pm

HES

Hess (NYSE:HES) has outperformed the market over the past 5 years, producing an average annual return of 20.62%. If an investor had bought $1000 of HES stock 5 years ago, it would be worth $2,487.90 today.

Portfolio Pulse from Benzinga Insights

October 30, 2023 | 4:30 pm

ARKK

TARK

TSLA

The AXS 2x Innovation ETF (TARK) and ARK Innovation ETF (ARKK), both led by Cathie Wood, experienced volatility due to Tesla's (TSLA) price action. TARK aims to return 200% of ARKK's daily performance. Despite bullish price action from Coinbase Global, ARKK's second-largest holding, the ETF was affected by Tesla's price drop. A larger bounce may be imminent for ARKK, and when it rebounds, TARK will offer 2X the gains.

Portfolio Pulse from Melanie Schaffer

October 30, 2023 | 4:15 pm

ETR

Entergy Corp (NYSE:ETR) has agreed to sell its gas distribution business to Bernhard Capital Partners for approximately $484 million in cash. The net proceeds from the transaction will be used to strengthen Entergy's credit through the repayment of debt and to support customer-centric capital needs. The sale is expected to close in approximately 21 months.

Portfolio Pulse from Shivani Kumaresan

October 30, 2023 | 4:01 pm

MRVL

A significant bearish stance has been taken on Marvell Tech (NASDAQ:MRVL) as evidenced by unusual options activity. The overall sentiment of these big-money traders is 100% bearish. Out of all the options uncovered, 9 are puts, for a total amount of $365,705, and there was 1 call, for a total amount of $26,820. The price of MRVL is down -1.16% at $46.71.

Portfolio Pulse from Benzinga Insights

October 30, 2023 | 4:00 pm

AZN

A comparative study of AstraZeneca (NASDAQ:AZN) and its competitors in the Pharmaceuticals industry reveals that AstraZeneca's stock may be overvalued due to its high PE ratio. However, its low PB and PS ratios suggest that it may be undervalued in terms of its book value and sales. The company's low ROE, EBITDA, and gross profit indicate potential inefficiency and weak operating performance. Despite this, AstraZeneca's high revenue growth compared to its peers suggests potential future growth opportunities.

Portfolio Pulse from Benzinga Insights

October 30, 2023 | 4:00 pm

PH

Parker Hannifin (NYSE:PH) has outperformed the market over the past 10 years by 3.36% on an annualized basis, producing an average annual return of 12.25%. If an investor had bought $100 of PH stock 10 years ago, it would be worth $316.68 today.

Portfolio Pulse from Benzinga Insights

October 30, 2023 | 4:00 pm

AVGO

Broadcom (NASDAQ:AVGO) is compared with its competitors in the Semiconductors & Semiconductor Equipment industry. Broadcom's P/E ratio is lower than the industry average, suggesting potential undervaluation. However, its high P/B and P/S ratios indicate potential overvaluation. The company's ROE is higher than the industry average, indicating efficient use of equity. Broadcom's EBITDA and gross profit are lower than the industry average, suggesting lower profitability. The company's revenue growth is higher than the industry average, indicating strong sales performance.

Portfolio Pulse from Benzinga Insights

October 30, 2023 | 4:00 pm