Streetbeat News

Assets

BA

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

TM

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

CARG

CarGurus (NASDAQ:CARG) has announced the appointment of Elisa Palazzo as its Chief Financial Officer (CFO), effective from December 4, 2023. Palazzo, who currently serves as Deputy CFO and Senior Vice President of Finance at Talkspace, will lead financial operations and strategy at CarGurus. The move is part of the company's goal to build a powerful transaction-enabled destination that supports the full lifecycle of a vehicle transaction.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 1:09 pm

AUVI

Applied UV has been granted new patents by the USPTO and has entered into a strategic partnership with Canon Virginia. This has led to a rise in the company's share prices.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 12:50 pm

GSM

Ferroglobe PLC (NASDAQ:GSM) has acquired a high-purity quartz mine in South Carolina, U.S. for approximately $11 million in cash, with an additional $4 million expected in capital expenditures for infrastructure development. The mine is expected to produce more than 300kt of high-purity quartz per year, with over ten years of reserve life. The acquisition is part of Ferroglobe's strategy to be self-sufficient in quartz supply, a critical raw material in the production of silicon metal.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 12:40 pm

DRTS

Alpha Tau Medical Ltd. (NASDAQ:DRTS) has announced that its U.S. subsidiary has entered into a long-term lease agreement for a building in Hudson, New Hampshire, with the intention of erecting the company's second U.S. manufacturing site. The new site is expected to be larger than the existing one in Lawrence, Massachusetts, and is expected to support the company's goals of scaling up capacity and achieving manufacturing redundancy. The company anticipates initiating manufacturing of Alpha DaRT treatments at this facility within two years.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 12:36 pm