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Equity Actions

JCI

Johnson Controls Intl Inc. (NYSE:JCI) shares increased by 0.23% and have risen by 7.80% over the past month, despite a 21.55% decline over the past year. The company's P/E ratio is lower than the Building Products industry average, which could indicate that the stock is undervalued or that shareholders expect lower future performance.

Portfolio Pulse from Benzinga Insights

November 21, 2023 | 8:30 pm

CMND

Clearmind Medicine Inc. (CMND) announced a 1-for-30 reverse stock split effective Nov. 28, 2023, to address Nasdaq's delisting notice due to its failure to maintain the minimum bid price of $1.00 for thirty consecutive business days. The company's shareholders approved the reverse split, which will adjust common shares from 18,221,419 to 607,381. Clearmind plans to appeal the delisting determination to a hearings panel. As of Nov. 21, CMND's share price was around $0.12.

Portfolio Pulse from Lara Goldstein

November 21, 2023 | 7:25 pm

BTCUSD

PYPL

Alex Konanykhin, CEO of Unicoin, predicts Bitcoin's (BTC) decline as it loses market share to emerging digital currencies. He emphasizes the importance of blockchain technology and the need for sensible regulation in the crypto space. Konanykhin also notes institutional investors' concerns about Bitcoin's volatility and the potential for mainstream adoption of cryptocurrencies, drawing parallels to PayPal (PYPL).

Portfolio Pulse from Murtuza Merchant

November 21, 2023 | 7:17 pm

MKSI

KeyBanc analyst Steve Barger maintains an Overweight rating on MKS Instruments, Inc (MKSI) with a price target of $115, citing a strong position in semiconductor and substrate manufacturing equipment. Barger believes MKSI is poised for upside due to cyclical recovery in advanced electronics and unappreciated potential in advanced packaging. He expects earnings to rebound as the cycle improves and the company focuses on deleveraging. Barger's Q4 revenue and EPS projections slightly exceed consensus estimates.

Portfolio Pulse from Anusuya Lahiri

November 21, 2023 | 6:50 pm

SNPS

Synopsys Inc. (NASDAQ:SNPS) stock price is currently at $537.27, experiencing a 0.78% decrease in the current market session. Despite this, the stock has risen by 14.79% over the past month and 60.72% over the past year. The article discusses the company's P/E ratio in comparison to the Software industry average, suggesting that Synopsys may be undervalued as it has a lower P/E ratio than the industry average of 95.33.

Portfolio Pulse from Benzinga Insights

November 21, 2023 | 6:30 pm

AAPL

AMZN

GOOG

GOOGL

META

MSFT

NVDA

TSLA

Goldman Sachs' analysis of 735 hedge funds with $2.4 trillion in gross equity positions reveals a significant shift towards mega-cap tech stocks, known as the 'Magnificent Seven', which now represent 13% of total long positions in hedge fund portfolios. This concentration has doubled since early 2023, with net exposure to these stocks at the 99th percentile. The report also identifies 'Rising Stars' and 'Falling Stars' in hedge fund interest, with stocks like KVUE, LLY, X, ABT, and DHI gaining popularity, while APLS, DKS, WSC, CHDN, and TDY saw declines.

Portfolio Pulse from Piero Cingari

November 21, 2023 | 5:55 pm

F

Ford Motor Company (NYSE:F) is scaling back its investment in the BlueOval Battery Park Michigan, reducing the number of jobs created from 2,500 to 1,700 and the annual EV production capacity from 400,000 to 230,000 vehicles. The overall investment in the plant is also being cut from $3.5 billion to approximately $2 billion. This adjustment is part of Ford's broader reduction in its EV strategy, which includes delaying $12 billion in spending on battery-powered models. The company cites slower than expected EV adoption as a reason for the re-timing and resizing of investments.

Portfolio Pulse from Nabaparna Bhattacharya

November 21, 2023 | 5:54 pm

PDD

Benzinga's options scanner detected unusual options activity in PDD Holdings (NASDAQ:PDD), with a total of 34 trades indicating a split sentiment of 50% bullish and 50% bearish. Significant trades included bullish calls with expiration dates ranging from December 1 to December 15, 2023, and strike prices around $90 to $120. The total value of calls was $2,992,574, while puts amounted to $687,952. PDD's current trading volume is 2,749,012, with a recent price drop of -1.82% to $116.62. Analysts from Goldman Sachs and UBS have set target prices of $155 and $137, respectively, with both maintaining a Buy rating. PDD's earnings announcement is expected in 7 days.

Portfolio Pulse from Benzinga Insights

November 21, 2023 | 5:45 pm

BCS

Barclays Inc. (NYSE:BCS) stock price is at $7.12, experiencing a 0.84% drop in the current market session. Despite a 9.57% increase over the past month, the stock has fallen by 7.08% over the past year. The company's P/E ratio is lower than the Banks industry average, which could indicate either potential undervaluation or weaker growth prospects.

Portfolio Pulse from Benzinga Insights

November 21, 2023 | 5:30 pm

BTCUSD

Bloomberg Intelligence analyst Jamie Coutts has linked central bank liquidity and global money supply to Bitcoin's dynamics, noting a structural uptrend in cryptocurrency adoption despite volatility. Bitcoin is increasingly seen as a reserve asset by energy-rich nations investing in mining, indicating its growing financial significance. A Bitfinex report also points to a substantial increase in Bitcoin's value, cautioning investors ahead of the 2024 Bitcoin halving event.

Portfolio Pulse from Murtuza Merchant

November 21, 2023 | 5:11 pm