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Boeing has announced that the ongoing conflict in Israel and the Gaza Strip could potentially impact some of its suppliers. The conflict has already affected some operations for Boeing's airline and lessor customers.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 4:59 pm

GM

A significant investor has taken a bearish stance on General Motors (NYSE:GM), with 53% of recent trades being bearish and 46% bullish. The majority of these trades are puts, totaling $605,692, compared to calls totaling $156,926. Whales have been targeting a price range of $25.0 to $45.0 for GM over the last 3 months. The current price of GM is $28.65, up 0.32%. Analysts have mixed opinions, with CFRA and Benchmark rating it as 'Sell' and 'Buy' respectively, and Goldman Sachs, Barclays, and Citigroup maintaining their 'Buy' ratings.

Portfolio Pulse from Benzinga Insights

October 25, 2023 | 4:31 pm

FCX

A significant amount of unusual options activity has been observed for Freeport-McMoRan (NYSE:FCX), with a bearish stance being taken by a majority of investors. The price range targeted by these investors over the last 3 months is between $28.0 and $47.0. The current price of FCX is down -0.64% at $34.2. Analysts from Morgan Stanley and BMO Capital have maintained their ratings on FCX, while JP Morgan has downgraded its action to Neutral.

Portfolio Pulse from Benzinga Insights

October 25, 2023 | 4:31 pm

T

A large investor has taken a bullish stance on AT&T (NYSE:T), with Benzinga's options scanner spotting 10 uncommon options trades for the company. The sentiment of these big-money traders is split evenly between bullish and bearish. The trades include 5 puts, totalling $485,363, and 5 calls, totalling $452,635. Whales have been targeting a price range from $15.0 to $17.0 for AT&T over the last 3 months. Analysts from Morgan Stanley, Scotiabank, JP Morgan, and Citigroup have maintained their ratings on AT&T, with price targets ranging from $17 to $19.

Portfolio Pulse from Benzinga Insights

October 25, 2023 | 4:16 pm

ADP

Automatic Data Processing (ADP) has been evaluated against its peers in the Professional Services industry. The company's P/E ratio of 29.29 is significantly below the industry average, suggesting potential undervaluation. However, its P/B ratio of 28.23 and P/S ratio of 5.81 are above the industry average, indicating potential overvaluation. ADP's ROE of 21.57%, EBITDA of $1.25 billion, gross profit of $1.76 billion, and revenue growth of 6.03% are all higher than the industry average, indicating strong financial performance.

Portfolio Pulse from Benzinga Insights

October 25, 2023 | 4:00 pm

ADI

An analysis of Analog Devices (NASDAQ:ADI) compared to its competitors in the Semiconductors & Semiconductor Equipment industry reveals that the company's stock is potentially undervalued. The company's Price to Earnings (P/E), Price to Book (P/B), and Price to Sales (P/S) ratios are all lower than the industry average. However, the company's Return on Equity (ROE), EBITDA, gross profit, and revenue growth are also lower than the industry average, indicating potential inefficiencies and challenges. The company's debt-to-equity ratio is lower than its top 4 peers, indicating a stronger financial position.

Portfolio Pulse from Benzinga Insights

October 25, 2023 | 4:00 pm

ADBE

The article provides a detailed comparison of Adobe Inc. (NASDAQ:ADBE) with its competitors in the software industry. Adobe's P/E ratio is lower than the industry average, suggesting potential growth. However, its P/B and P/S ratios are higher, indicating possible overvaluation. Adobe's ROE, EBITDA, and gross profit are higher than the industry average, suggesting strong profitability and efficiency. However, its revenue growth is below the industry average, indicating potential struggles in increasing sales volume.

Portfolio Pulse from Benzinga Insights

October 25, 2023 | 4:00 pm

RTX

VLRS

Volaris executive has announced that the company expects to redeploy 4 aircraft to other routes following a January slot cut at Mexico City International Airport. The GTF engine inspections have affected Volaris' ability to reallocate aircraft for U.S.-bound routes more than expected.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 3:47 pm

BTCUSD

Galaxy Digital, a crypto fund, predicts a 74% surge in Bitcoin's price in 2024 if a U.S.-regulated spot Bitcoin ETF is approved. The firm believes a Bitcoin ETF would offer benefits such as lower fees, better liquidity, and price tracking, and more convenience. Galaxy estimates the addressable market size of a US Bitcoin ETF to be approximately $14 trillion in the first year, surging to $39 trillion by the third year. If Bitcoin is embraced by 10% of the total accessible assets in each wealth channel with an average allocation of 1%, it could lead to inflows of $14 billion into a Bitcoin ETF in the first year post-launch.

Portfolio Pulse from Murtuza Merchant

October 25, 2023 | 3:38 pm

MATICUSD

Polygon Labs plans to replace its MATIC token with a new POL token on the Ethereum mainnet. The new token is part of the upcoming Polygon 2.0 upgrade and will serve as the main cryptocurrency for the Polygon 2.0 ecosystem. The replacement will not be immediate and requires governance approval. MATIC holders will have four years to migrate their holdings to the new token. The trading volume of MATIC has dropped by 33.9% in the past 24 hours, and its price is down around 1%.

Portfolio Pulse from Khyathi Dalal

October 25, 2023 | 3:21 pm