Streetbeat News

Assets

PARA

Paramount's CFO announced that the company will realize $2.2 billion of gross proceeds from the sale of its book publisher, as revealed during a conference call.

Portfolio Pulse from Charles Gross

August 07, 2023 | 8:55 pm

SRC

Spirit Realty Capital has projected its FY23 AFFO per share to be between $3.56 and $3.62. The company also expects its capital deployment to be in the range of $700M-$900M.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2023 | 8:49 pm

CAT

A significant bullish stance has been taken on Caterpillar (NYSE:CAT) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is split between 52% bullish and 47% bearish. Whales have been targeting a price range from $140.0 to $290.0 for Caterpillar over the last 3 months. The price of CAT is up 1.88% at $281.65. Several financial institutions have maintained their ratings on Caterpillar, with price targets ranging from $250 to $334.

Portfolio Pulse from Benzinga Insights

August 07, 2023 | 8:45 pm

SPOT

A significant amount of unusual options activity has been observed for Spotify Technology (NYSE:SPOT), indicating a bullish stance by a large investor or institution. The overall sentiment of these big-money traders is split between 55% bullish and 44% bearish. The price of SPOT is currently down -1.48% at $141.99. Several financial institutions have given their ratings and price targets for Spotify, with most maintaining a positive outlook.

Portfolio Pulse from Benzinga Insights

August 07, 2023 | 8:45 pm

CTRA

Coterra Energy Inc. (CTRA) has announced that it is on track to return at least 75% of its currently forecasted free cash flow. The company did not provide further details on the timeline or the method of the return.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2023 | 8:27 pm

GE

A significant amount of unusual options activity has been observed for General Electric (NYSE:GE), with a mix of bullish and bearish stances. The trades include 3 puts amounting to $112,489 and 15 calls amounting to $768,345. Whales have been targeting a price range from $80.0 to $120.0 for GE over the last 3 months. The current price of GE is up 1.48% at $114.73, with RSI indicators suggesting it may be approaching overbought.

Portfolio Pulse from Benzinga Insights

August 07, 2023 | 8:15 pm

CHGG

Chegg, an American education technology company, has expressed its optimism about the potential of AI in expanding its opportunities. The company believes that it is well-equipped to meet the current and future needs of students.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2023 | 8:10 pm

KMPR

Kemper Corporation (NYSE:KMPR) is exiting the preferred home and auto insurance market, which is sold through its Kemper Personal Insurance brand. The decision was made after a strategic review and will allow the company to release capital and increase resources for its core specialty auto and life businesses. This move does not impact Kemper's specialty auto business, Kemper Auto, and its life business, Kemper Life.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2023 | 8:09 pm

BX

A whale investor has taken a bullish stance on Blackstone (NYSE:BX), with 50% of investors opening trades with bullish expectations and 50% with bearish. The whale has been targeting a price range from $55.0 to $110.0 for Blackstone over the last 3 months. The price of BX is up 1.06% at $103.82. Barclays, Evercore ISI Group, Morgan Stanley, BMO Capital, and JP Morgan have maintained their ratings on Blackstone, with price targets ranging from $97 to $125.

Portfolio Pulse from Benzinga Insights

August 07, 2023 | 8:00 pm

NEM

A significant amount of bearish options activity has been detected for Newmont (NYSE:NEM), with 85% of investors opening trades with bearish expectations. The total amount for puts is $997,838 and for calls is $316,196. Whales have been targeting a price range from $22.5 to $80.0 for Newmont over the last 3 months. The current price of NEM is down -1.19% at $40.38. Argus Research and TD Securities maintain their Buy rating on Newmont, while CIBC downgraded its action to Neutral.

Portfolio Pulse from Benzinga Insights

August 07, 2023 | 8:00 pm