Streetbeat News

Assets

AAL

ADP

AVAV

DAL

LMT

LUV

RTX

SAVE

UAL

UPS

The article reports on the options activity of 10 industrial stocks in today's session. The stocks include Southwest Airlines (LUV), American Airlines (AAL), United Airlines (UAL), Delta Air Lines (DAL), Automatic Data Processing (ADP), Spirit Airlines (SAVE), Lockheed Martin (LMT), United Parcel Service (UPS), Raytheon Technologies (RTX), and AeroVironment (AVAV). The article provides details on the type of options activity (put/call), trade type, sentiment, expiration date, strike price, total trade price, open interest, and volume for each stock.

Portfolio Pulse from Benzinga Insights

October 25, 2023 | 5:35 pm

BTCUSD

ETHUSD

SPY

Gary Gensler, the chairman of the U.S. Securities and Exchange Commission (SEC), has stated that the cryptocurrency industry is not as decentralized as it claims to be. He also mentioned that the industry is rife with non-compliance of U.S. rules, according to Bloomberg.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 5:20 pm

NIO

NIO Inc's shares are trading lower by 4.9% following a surge in Chinese stocks after Beijing announced economic stimulus measures. Nio has acquired defunct automaker Leopard to gain independent vehicle production certification, which may enable it to acquire two JAC factories and secure its EV production status. Nio is also exploring the purchase of plant assets from its manufacturing partner, JAC, and is in discussions with new investors to manage financial implications.

Portfolio Pulse from Henry Khederian

October 25, 2023 | 5:12 pm

Boeing has reported an increase in the estimated total abnormal costs for its 787 program from $2.8B-$3B in Q3 of 2023, primarily due to supply chain disruption. The cumulative abnormal costs recorded through September 30, 2023, totaled $2.6B, according to an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 5:03 pm

EIS

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

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

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