Streetbeat News

Assets

ABBV

A significant bearish stance has been taken on AbbVie (NYSE:ABBV) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is split between 36% bullish and 63% bearish. The whales have been targeting a price range from $55.0 to $160.0 for AbbVie over the last 3 months. Barclays has upgraded its action to Overweight with a price target of $170, while Morgan Stanley maintains their Overweight rating with a price target of $196.

Portfolio Pulse from Benzinga Insights

October 30, 2023 | 2:46 pm

A significant bearish stance has been taken on Micron Technology (NASDAQ:MU) as evidenced by unusual options activity. The overall sentiment of these big-money traders is split between 26% bullish and 73% bearish. Out of the special options, 17 are puts, for a total amount of $1,918,543, and 2 are calls, for a total amount of $280,390. The price range targeted by these traders for Micron Technology over the last 3 months is from $60.0 to $90.0.

Portfolio Pulse from Benzinga Insights

October 30, 2023 | 2:46 pm

CVX

A significant bearish stance has been taken on Chevron (NYSE:CVX) as indicated by unusual options activity. The overall sentiment of these big-money traders is split between 38% bullish and 61% bearish. The whales have been targeting a price range from $125.0 to $175.0 for Chevron over the last 3 months. The price of CVX is up 0.38% at $144.91. Analysts from Morgan Stanley, RBC Capital, Truist Securities, UBS, and B of A Securities have given their ratings and price targets on Chevron.

Portfolio Pulse from Benzinga Insights

October 30, 2023 | 2:31 pm

CMG

A large bearish position has been taken on Chipotle Mexican Grill (NYSE:CMG), as observed in the publicly available options history. The sentiment among these big-money traders is split between 23% bullish and 76% bearish. The whales have been targeting a price range from $1600.0 to $1985.0 for Chipotle over the last 3 months. Despite this, several financial institutions maintain a positive rating on CMG, with price targets ranging from $2250 to $2330.

Portfolio Pulse from Benzinga Insights

October 30, 2023 | 2:16 pm

A significant investor has taken a bearish stance on Boeing (NYSE:BA), with 71% of recent trades being bearish and 28% bullish. The trades include 12 puts and 2 calls, with a total amount of $1,391,344 and $6,146,150 respectively. The price target for Boeing over the last 3 months has been between $145.0 to $250.0. The current price of BA is up 0.76% at $181.06. Analysts from Citigroup, Morgan Stanley, UBS, RBC Capital, and Wells Fargo have maintained their ratings on Boeing, with price targets ranging from $200 to $275.

Portfolio Pulse from Benzinga Insights

October 30, 2023 | 2:16 pm

ALV

AMZN

DIS

GOOG

HSBC

LUV

MCD

PEAK

RIVN

TRP

WDC

XPO

Southwest Airlines may face a fine due to operational disruptions last December. Healthpeak Properties and Physicians Realty Trust are merging in a $21B deal. Google can turn ANC headphones and wireless earbuds into heart rate monitors. Toyota's September sales grew due to strong demand. Rivian will start charging for its charging network. Autoliv plans to reduce its headcount in France. FDA warns against the use of certain eye drops. Nelson Peltz gains backing from Isaac Perlmutter for changes at Disney. TC Energy explores asset sales worth $10B. Amazon uses generative AI for holiday ad boost. Blackstone buys a majority stake in Care Hospitals in India. McDonald's Q3 sales grew by 14% YoY. HSBC's Q3 revenues increased by 40% YoY. Panasonic's H1 FY24 sales grew by 1% YoY. Western Digital plans to split its business. XPO's Q3 FY23 revenue grew by 1.7% YoY.

Portfolio Pulse from Vandana Singh

October 30, 2023 | 2:07 pm

FERG

Over the past 5 years, Ferguson (NYSE:FERG) has outperformed the market by 8.45% on an annualized basis, producing an average annual return of 17.27%. If an investor had bought $100 of FERG stock 5 years ago, it would be worth $221.76 today.

Portfolio Pulse from Benzinga Insights

October 30, 2023 | 2:00 pm

AXSUSD

BTCUSD

ETHUSD

INJUSD

Bitcoin (BTC) and Ethereum (ETH) recorded gains, trading above $34,600 and $1,800 respectively. Axie Infinity (AXS) was the top gainer over the prior 24 hours, while Injective (INJ) was the biggest loser. The global crypto market cap rose to $1.28 trillion, recording a 24-hour gain of 1.1%.

Portfolio Pulse from Lisa Levin

October 30, 2023 | 1:36 pm

TRP

TC Energy Corp (NYSE:TRP) is considering selling a minority stake in ANR Pipeline Co, a portion of its Mexican operation, a controlling stake in the Portland Natural Gas Transmission System, and a significant minority stake in the Millennium Pipeline. These assets are collectively valued at approximately $10 billion. This comes as part of a larger transformation under CEO Francois Poirier, which includes a $5.2 billion deal with Global Infrastructure Partners and an additional $3 billion in divestitures to meet the company's debt ratio target.

Portfolio Pulse from Vandana Singh

October 30, 2023 | 1:27 pm

BLK

SOFI

SoFi Technologies (NASDAQ:SOFI) has announced a $375 million personal loan securitization deal with BlackRock (NYSE:BLK). The transaction, backed by a pool of SoFi personal loan collateral, is expected to settle by mid-November. SoFi has previously sold over $14.5 billion and securitized over $13.7 billion of personal loan collateral. Citi is the advisor and initial purchaser to this transaction.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 1:16 pm