Streetbeat News

Assets

WHLR

Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) shares have seen significant volatility, with a 40% increase on Wednesday but a nearly 50% decrease over the last five days. The stock has attracted retail investors and is among the top trending tickers on Yahoo! Finance. The company has a small float of 749 thousand shares and 41.42% of available shares are being sold short. Trading volume has been heavy, with over 20 million shares traded in the session, far exceeding the 100-day average of 549 thousand shares.

Portfolio Pulse from Erica Kollmann

October 11, 2023 | 4:45 pm

ADBE

AIQ

BOTZ

IBM

META

NVDA

TECB

WDAY

Bank of America has highlighted the transformative potential of generative artificial intelligence (AI), comparing its impact to that of the telephone, automobile, personal computer, and internet. The bank's analysts predict that AI could generate $15.7 trillion in economic impact by 2030 and that AI-driven efficiencies and revenue could appear across sectors globally within the next 3-5 years. Several stocks and ETFs are identified as potential beneficiaries of this trend, including Nvidia, IBM, Sweetgreen, Adobe, Workday, Meta Platforms, Morgan Stanley, and three ETFs: Global X Robotics & Artificial Intelligence ETF, Global X Artificial Intelligence & Technology ETF, and iShares U.S. Tech Breakthrough Multisector ETF.

Portfolio Pulse from Chris Katje

October 11, 2023 | 4:43 pm

VCNX

Orin Hirschman has acquired a 9.9% passive stake in Vaccinex (VCNX) as of September 28, according to a 13G filing with the SEC.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2023 | 4:36 pm

ABNB

A significant bearish stance has been taken on Airbnb (NASDAQ:ABNB) by a large investor, as indicated by unusual options activity. The overall sentiment of these big-money traders is 11% bullish and 88% bearish. The whales have been targeting a price range from $125.0 to $160.0 for Airbnb over the last 3 months. The price of ABNB is currently up 0.51% at $132.26.

Portfolio Pulse from Benzinga Insights

October 11, 2023 | 4:31 pm

AMD

A significant bearish stance has been taken on Advanced Micro Devices (NASDAQ:AMD) by a large investor, as indicated by unusual options activity. The overall sentiment of these big-money traders is split between 39% bullish and 60% bearish. The whales have been targeting a price range from $98.0 to $135.0 for AMD over the last 3 months. The price of AMD is currently down -1.0% at $107.92.

Portfolio Pulse from Benzinga Insights

October 11, 2023 | 4:16 pm

AVGO

A significant bearish stance has been taken on Broadcom (NASDAQ:AVGO) by a large investor, as observed in the options history. The sentiment among these big-money traders is split between 31% bullish and 68% bearish. Whales have been targeting a price range from $450.0 to $1240.0 for Broadcom over the last 3 months. The price of AVGO is up 0.29% at $860.91. Several experts have downgraded their action on Broadcom with price targets ranging from $995 to $1010.

Portfolio Pulse from Benzinga Insights

October 11, 2023 | 4:16 pm

NCLH

Norwegian Cruise Line Holdings Ltd (NYSE:NCLH) has been impacted by higher fuel prices and global events, including wildfires in Maui and conflict in Israel, affecting its Q3 and Q4 operations in FY23. The company has modified itineraries and cancelled all calls to Israel for the remainder of 2023. It has hedged its fuel consumption to mitigate price volatility. Despite these challenges, NCLH reports strong consumer demand and remains at its optimal booked position. NCL Corporation Ltd, a subsidiary, has offered to sell $790 million of its senior secured notes due 2029.

Portfolio Pulse from Shivani Kumaresan

October 11, 2023 | 4:01 pm

Sea (NYSE:SE) has outperformed the market over the past 5 years, producing an average annual return of 26.3%. If an investor had bought $100 of SE stock 5 years ago, it would be worth $335.64 today. The company currently has a market capitalization of $25.59 billion.

Portfolio Pulse from Benzinga Insights

October 11, 2023 | 4:01 pm

ADP

Automatic Data Processing (ADP) has been evaluated against its key competitors in the Professional Services industry. ADP's P/E ratio is 0.41x less than the industry average, suggesting growth potential. However, its high P/B and P/S ratios may indicate overvaluation. The company's ROE is 17.16% above the industry average, indicating efficient use of equity. Its EBITDA and gross profit are significantly above the industry average, indicating strong profitability. ADP's revenue growth surpasses the industry average, indicating robust sales expansion.

Portfolio Pulse from Benzinga Insights

October 11, 2023 | 4:00 pm

BIRK

CROX

DECK

NKE

German shoemaker Birkenstock Holding Plc (NYSE:BIRK) is set to debut on the NYSE after pricing its IPO at $46 per share, targeting a valuation of approximately $8.6 billion. The company plans to use the proceeds to repay borrowings and for general corporate purposes. Birkenstock sold approximately 30 million units in 2022, generating revenue of 1.24 billion euros ($1.32 billion) and net profit of 187 million euros on gross margins of 60%. The company's financial performance is largely dependent on brand perception, with risks including negative consumer perception, supply chain problems, and increasing competition from companies like Nike Inc (NYSE:NKE), Crocs Inc (NASDAQ:CROX), and Deckers Outdoor Corp (NYSE:DECK).

Portfolio Pulse from Adam Eckert

October 11, 2023 | 3:44 pm