Streetbeat News

Equity Actions

CROX

HELE

KMX

LULU

PHM

SBUX

SKX

TSLA

Benzinga's options activity scanner has identified unusual trading activity in 10 consumer discretionary stocks. The stocks include Tesla (TSLA), VFS, Lululemon Athletica (LULU), PulteGroup (PHM), Crocs (CROX), Skechers (SKX), Home Depot (HD), Starbucks (SBUX), CarMax (KMX), and Helen of Troy (HELE). The activity includes both bullish and bearish sentiments, with varying expiration dates and strike prices.

Portfolio Pulse from Benzinga Insights

October 16, 2023 | 5:35 pm

WISA

WiSA Technologies, Inc. (NASDAQ:WISA) has announced the pricing of a public offering of 87,000 units of Series B Convertible Redeemable Preferred Stock and warrants, aiming to raise approximately $4.8 million. The proceeds will be used to repay certain outstanding debts, repurchase certain outstanding common stock purchase warrants, and for working capital and general corporate purposes. The offering is expected to close on October 17, 2023.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2023 | 5:31 pm

CME

XFIV

XTEN

XTWO

XTWY

Economists are increasingly optimistic about the U.S. economy, with a lowered recession probability forecast for the next year. They believe that the Federal Reserve has concluded its current cycle of interest rate hikes. Economists also predict improvements in inflation and lower Treasury yields. This could impact Treasury ETFs, which move inversely to yields. The performance of ETFs such as BondBloxx Bloomberg Two Year Target Duration US Treasury ETF (NYSE:XTWO), BondBloxx Bloomberg Five Year Target Duration US Treasury ETF (NYSE:XFIV), BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF (NYSE:XTEN), and BondBloxx Bloomberg Twenty Year Target Duration US Treasury ETF (NYSE:XTWY) could be affected by these yield changes.

Portfolio Pulse from Piero Cingari

October 16, 2023 | 5:23 pm

CMCSA

IBKR

UBER

CNBC's Halftime Report discussed final trades involving Interactive Brokers, Uber, and Comcast. The specific details of the discussion were not provided.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2023 | 5:00 pm

CVX

Chevron (NYSE:CVX) has seen unusual options activity, with a significant number of investors taking a bullish stance. Of the 10 strange trades detected, 60% were bullish and 40% were bearish. The total amount for puts was $283,367 and for calls was $365,458. Whales have been targeting a price range from $150.0 to $220.0 for Chevron over the last 3 months. UBS, Mizuho, and Morgan Stanley have maintained their Buy and Equal-Weight ratings on Chevron, with price targets of $210, $215, and $203 respectively.

Portfolio Pulse from Benzinga Insights

October 16, 2023 | 5:00 pm

CILJF

CTRYF

EGRNF

PNGAY

SIOLY

Concerns are growing over hidden debt in China's property sector, with Ping An Insurance Group's real estate subsidiary, Ping An Real Estate Co. Ltd, in focus. The company's bond has been fluctuating due to investor concerns about its ability to repay. The company's sales have been declining and there are questions about its off-balance sheet debt. The China Securities Regulatory Commission found that the subsidiary had covered up a 200 million RMB overdue debt tranche. The situation could potentially spark a broader contagion in China's financial services sector.

Portfolio Pulse from Daniel Harrison

October 16, 2023 | 5:00 pm

ISPO

Inspirato has announced a 1-for-20 reverse stock split, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2023 | 4:47 pm

ABT

Abbott Laboratories Inc. (NYSE:ABT) has seen a 2.05% increase in its stock price in the current market session, but a decrease of 7.89% over the past month and 11.67% over the past year. The company's P/E ratio is lower than the aggregate P/E of the Health Care Equipment & Supplies industry, which could indicate that the stock is undervalued or that shareholders do not expect future growth.

Portfolio Pulse from Benzinga Insights

October 16, 2023 | 4:30 pm

HSBC has upgraded Dollar General's stock from Reduce to Hold. This follows Dollar General's recent update of its financial guidance for FY23 and the appointment of Todd Vasos as CEO.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2023 | 4:06 pm

ARKK

TARK

ARK Innovation ETF (ARKK) was trading higher on Monday, following a 5.34% drop last week due to the fund offloading $20.67 million worth of Tesla shares. This comes ahead of Tesla's Q3 earnings report, expected on Wednesday. Analysts predict a decrease in earnings per share but a 10% YoY increase in revenue. ARKK may be forming a triple bottom pattern, indicating a potential reversal to the upside. Traders seeking leveraged long exposure to ARKK can consider the AXS 2x Innovation ETF (TARK), which aims to return 200% of ARKK's daily performance.

Portfolio Pulse from Melanie Schaffer

October 16, 2023 | 4:00 pm