Streetbeat News

Assets

AVGO

A significant investor has taken a bearish stance on Broadcom (NASDAQ:AVGO), with 70% of the trades being bearish and 29% bullish. The whales have been targeting a price range from $470.0 to $920.0 for Broadcom over the last 3 months. The current price of AVGO is down -0.76% at $843.5. Keybanc, Rosenblatt, and BMO Capital have maintained their positive ratings on Broadcom with a price target of $1000, while Rosenblatt also has a Buy rating with a price target of $900.

Portfolio Pulse from Benzinga Insights

September 19, 2023 | 2:46 pm

JD

A significant bearish stance has been taken on JD.com (NASDAQ:JD) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is split, with 40% bullish and 60% bearish. The price target for JD.com over the last 3 months has been between $17.5 and $55.0. The current price of JD is down -1.61% at $30.62. Susquehanna and Loop Capital have maintained their Neutral and Hold ratings on JD.com, respectively.

Portfolio Pulse from Benzinga Insights

September 19, 2023 | 2:31 pm

CVS

Unusual options activity has been observed for CVS Health (NYSE:CVS), with a bearish stance taken by a large investor. The options scanner at Benzinga spotted 15 options trades for CVS Health, with an overall sentiment of 100% bearish. The price target range for CVS Health over the last 3 months has been $70.0 to $72.5. CVS Health's stock price is currently up 1.88% at $72.03. Several research firms have given their ratings on CVS Health, with price targets ranging from $80 to $87.

Portfolio Pulse from Benzinga Insights

September 19, 2023 | 2:30 pm

ORCL

Oracle (NYSE:ORCL) has outperformed the market over the past 15 years by 3.04% on an annualized basis, producing an average annual return of 12.18%. If an investor had bought $100 of ORCL stock 15 years ago, it would be worth $568.16 today. Oracle currently has a market capitalization of $306.56 billion.

Portfolio Pulse from Benzinga Insights

September 19, 2023 | 2:30 pm

PPG

PPG Indus (NYSE:PPG) has outperformed the market over the past 15 years, producing an average annual return of 10.36%. If an investor had bought $1000 of PPG stock 15 years ago, it would be worth $4,210.86 today. The company currently has a market capitalization of $30.85 billion.

Portfolio Pulse from Benzinga Insights

September 19, 2023 | 2:30 pm

HBI

HanesBrands is exploring strategic options for its global Champion business, including a potential sale or other strategic transaction. The company has made significant structural improvements within Champion, distinguishing its innerwear and activewear businesses. The evaluation process is ongoing, with no set timeline. Financial advisors Goldman Sachs & Co. LLC and Evercore, along with legal advisors Jones Day and Kirkland & Ellis LLP, are assisting in this process.

Portfolio Pulse from Akanksha Bakshi

September 19, 2023 | 2:30 pm

DISH

DISH Network Corp's shares are trading higher following reports of the company receiving government support to extend the deadline for purchasing airwaves from T-Mobile US. This move is expected to ease the financial burden on DISH.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 2:26 pm

DIS

Walt Disney Co has announced plans to double its capital expenditures at its Disney Parks, Experiences and Products (DPEP) segment to $60 billion over the next decade. This has led to a decrease in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 2:24 pm

CVX

A significant bearish stance on Chevron (NYSE:CVX) has been observed through unusual options activity. The sentiment among these big-money traders is split between 38% bullish and 61% bearish. The whales have been targeting a price range from $155.0 to $220.0 for Chevron over the last 3 months. Mizuho maintains a Buy rating on Chevron with a price target of $215.

Portfolio Pulse from Benzinga Insights

September 19, 2023 | 2:16 pm

AMZN

GOOG

MSFT

TSM

Several major companies have made headlines. Amazon has hired Microsoft's Chief Product Officer, Panos Panay. Google is under scrutiny for allegedly manipulating ad auctions. Taiwan Semiconductor Manufacturing is planning to boost packaging capacity in Arizona. Microsoft has addressed a security incident involving sensitive information exposure on GitHub. Novo Nordisk has partnered with Aspen Pharmacare to produce insulin in South Africa. BeiGene has regained rights to its cancer drug from Novartis. Rocket Lab's 41st mission faced technical issues. The European Commission has approved ViiV Healthcare's HIV prevention drug. AutoZone's Q4 earnings exceeded estimates. BP has appointed Kate Thomson as interim CFO. MGM Resorts may lose out on casino licenses in NYC due to a scandal. Google and the Department of Defense are developing an AI-powered microscope. Apple faces threats from Huawei in China. Google's Bard AI chatbot is being integrated with Gmail, Google Docs, and YouTube. Starbucks is facing a lawsuit over its 'fruit' drinks.

Portfolio Pulse from Vandana Singh

September 19, 2023 | 2:01 pm