Streetbeat News

Equity Actions

Whale investors have shown a mixed sentiment on Procter & Gamble (NYSE:PG), with options trading indicating both bullish and bearish positions. Benzinga's options scanner revealed 10 significant trades, split evenly between bullish and bearish, focusing on a price window of $90.0 to $165.0. The current market analysis shows PG's stock slightly down by -0.47% at $156.68, with analysts giving mixed ratings but generally leaning towards a positive outlook with target prices ranging up to $175.

Portfolio Pulse from Benzinga Insights

February 12, 2024 | 8:30 pm

ADBE

Financial giants have shown a bearish sentiment towards Adobe (NASDAQ:ADBE), with 60% of unusual trades indicating bearishness. Analysis of options history revealed 58 unusual trades, with a notable focus on a price range from $160 to $800 for Adobe over the last 3 months. The volume and open interest trends in Adobe's options market have been analyzed, highlighting significant trades. Adobe's current stock price is $627.0, with a recent downgrade by Exane BNP Paribas to Underperform and a price target of $499.

Portfolio Pulse from Benzinga Insights

February 12, 2024 | 8:16 pm

AMZN

IYG

META

SPY

XLV

Craig Johnson of Piper Sandler predicts a market correction, citing internal sell signals and technical indicators. He expects the S&P 500 to pull back to about 4,600, with a low likely by early April. Johnson suggests a rotation from tech giants like Amazon and Meta Platforms to financials and healthcare, noting underperformance in these sectors in 2023. He anticipates a rally in small- and mid-cap stocks with expected Fed rate cuts by June, maintaining a year-end S&P 500 target of 5,050.

Portfolio Pulse from Neil Dennis

February 12, 2024 | 8:04 pm

WEX

Analysts have varied opinions on WEX Inc (NYSE:WEX), with recent ratings ranging from bullish to indifferent. Over the past quarter, the sentiment has shifted slightly, with an increase in somewhat bullish ratings. The average 12-month price target for WEX is now $234.75, marking a 13.13% increase from the previous target. Analysts from Barclays, Truist Securities, JP Morgan, and Mizuho have all raised their price targets, reflecting optimism about WEX's future performance. WEX operates in corporate payment solutions, showing solid revenue growth and profitability, but faces challenges in asset utilization and carries a high debt load.

Portfolio Pulse from Benzinga Insights

February 12, 2024 | 8:00 pm

JPM

JPMorgan Chase & Co. (NYSE:JPM) reported a 12% increase in Q4 2023 revenue to $39.9 billion, driven by higher net interest income. However, earnings fell 15% to $9.3 billion due to an FDIC special assessment and higher credit loss provisions. The bank's overhead ratio worsened to 61%, and ROTCE declined to 15%. Share repurchases continued, with a slight decrease in outstanding shares.

Portfolio Pulse from Tornado

February 12, 2024 | 7:44 pm

MAT

There was a significant option trading activity for Mattel (MAT), involving a sweep of 35 calls for the $19 strike price, with 1,772 contracts traded at $0.4 each, compared to an open interest of 914. This activity occurred when Mattel's stock was trading around $19.09.

Portfolio Pulse from Charles Gross

February 12, 2024 | 6:47 pm

Analyst ratings for Western Union (NYSE:WU) have varied over the last quarter, with a recent shift towards a somewhat bearish stance. The average 12-month price target has been raised to $13.00, up from $11.00, indicating an 18.18% increase. Western Union's financial performance shows a revenue decline of -4.14% over the last 3 months, but it maintains strong profitability with a net margin of 12.07% and an impressive ROE of 23.25%. However, the company faces challenges in debt management with a high debt-to-equity ratio of 5.23.

Portfolio Pulse from Benzinga Insights

February 12, 2024 | 6:01 pm

WAT

Analysts have updated their ratings and price targets for Waters Corporation (NYSE:WAT), showing a positive shift in sentiment. Over the past quarter, 4 analysts have provided diverse opinions, with recent updates indicating a move towards more favorable views. The average 12-month price target for WAT has increased to $301.25, up 13.68% from the previous $265.00. This change reflects analysts' responses to market dynamics and Waters's performance, including its strong financial indicators such as revenue growth, net margin, ROE, and ROA, despite a high debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

February 12, 2024 | 6:00 pm

ALGN

AVTR

EYPT

GRFS

LLY

MRNA

NVO

PCRX

REGN

UNH

Today's session highlighted significant whale activity in the health care sector, focusing on options trading for stocks like MRNA, ALGN, AVTR, GRFS, EYPT, PCRX, UNH, NVO, REGN, and LLY. The trades varied in sentiment from bullish to bearish, with notable investments in both put and call options across various expiration dates and strike prices. This activity could indicate market expectations and potential movements in these stocks.

Portfolio Pulse from Benzinga Insights

February 12, 2024 | 5:35 pm

AMZN

CPNG

NIO

PLCE

TSLA

Today's session highlighted significant whale activity in the options market for 10 consumer discretionary stocks, indicating potential trading opportunities. Notable movements include bearish calls on TSLA and PLCE, bullish puts on CPNG and NIO, and bullish calls on LAZR, SONO, JWN, AMZN, and BBY. These activities suggest varying investor sentiments and potential market impacts.

Portfolio Pulse from Benzinga Insights

February 12, 2024 | 5:35 pm