Streetbeat News

Equity Actions

LW

Stifel analyst Matthew E. Smith reiterated a Buy rating on Lamb Weston Holdings Inc (NYSE:LW) with an unchanged price target of $115. The company recently provided long-term financial targets, reiterated the FY24 outlook, and boosted share repurchase authorization. The analyst believes that Lamb Weston is a compelling investment opportunity with an advantaged growth outlook relative to packaged foods peers and a favorable industry structure that supports strong earnings growth potential.

Portfolio Pulse from Shivani Kumaresan

October 12, 2023 | 6:36 pm

BSX

Unusual options activity has been observed for Boston Scientific (NYSE:BSX), with a bearish stance taken by a large investor. The overall sentiment of these big-money traders is split between 45% bullish and 54% bearish. The price of BSX is down -3.55% at $49.1. Barclays, Needham, Baird, Mizuho, and Citigroup have maintained their ratings on Boston Scientific with price targets ranging from $60 to $63.

Portfolio Pulse from Benzinga Insights

October 12, 2023 | 6:03 pm

GE

A significant amount of unusual options activity has been detected for General Electric (NYSE:GE), with a bearish stance being taken by a majority of investors. Of the 12 strange trades detected, 41% were bullish and 58% were bearish. The total amount for puts was $357,785 and for calls was $322,350. Whales have been targeting a price range from $60.0 to $120.0 for GE over the last 3 months. Deutsche Bank has downgraded its action to Buy with a price target of $141.

Portfolio Pulse from Benzinga Insights

October 12, 2023 | 5:47 pm

CNBS

MJ

MJUS

MSOS

POTX

THCX

YOLO

Benzinga PotProfits, led by Michael Berger, is offering investment opportunities in the cannabis sector, promising over 10% returns within a 90-day frame. The platform has a 4.5-star rating on Marketfy and offers a 30-day money-back guarantee. The article also mentions several ETFs in the cannabis space, including AdvisorShares Pure US Cannabis ETF, ETFMG US Alternative Harvest ETF, Amplify Seymour Cannabis ETF, AdvisorShares Pure Cannabis ETF, ETFMG Alternative Harvest, AXS Cannabis ETF, and Global X Cannabis ETF.

Portfolio Pulse from Javier Hasse

October 12, 2023 | 5:44 pm

AMC

BIDU

FNGR

GOOGL

MANU

META

NFLX

NXST

SE

Benzinga's options activity scanner has identified significant options activity in nine communication services stocks. The stocks include Alphabet Inc. (GOOGL), Meta Platforms Inc. (META), Manchester United (MANU), AMC Entertainment Holdings Inc. (AMC), Finger Motion Inc. (FNGR), Sea Limited (SE), Netflix Inc. (NFLX), Nexstar Media Group Inc. (NXST), and Baidu Inc. (BIDU). The options activity ranges from bullish to bearish sentiment, with varying expiration dates and strike prices.

Portfolio Pulse from Benzinga Insights

October 12, 2023 | 5:37 pm

ABNB

DBI

DKNG

F

MCD

PHM

TSLA

ULTA

W

WYNN

Benzinga's options activity scanner has identified significant options activity in the Consumer Discretionary sector. Notable trades include bearish put options for TSLA, PHM, W, F, DKNG, and MCD, and bullish call options for WYNN and DBI. Interestingly, ABNB and ULTA have bullish put options.

Portfolio Pulse from Benzinga Insights

October 12, 2023 | 5:37 pm

MANU

Traders are circulating a Twitter post stating that Jim Ratcliffe is leading the race to invest in Manchester United. However, a Qatari consortium could still raise its bid for the football club.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 5:21 pm

OPGN

OpGen, Inc. (NASDAQ:OPGN) has entered into an agreement with an institutional investor to exercise existing warrants to purchase up to 10,892,728 common shares at $0.7785 per share. The investor will pay an additional $0.25 per share, resulting in gross proceeds of up to $11.2 million. The company will issue new warrants to the investor, exercisable at $0.336 per share, expiring in 2028.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 4:40 pm

PCG

Jim Labenthal announced on CNBC that he has purchased shares in Pacific Gas & Electric Co.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 4:27 pm

SNPS

A significant bearish position has been taken on Synopsys (NASDAQ:SNPS), as observed in the publicly available options history. The overall sentiment of these big-money traders is split between 45% bullish and 54% bearish. Whales have been targeting a price range from $340.0 to $550.0 for Synopsys over the last 3 months. HSBC has downgraded its action to Buy with a price target of $551. The price of SNPS is up 0.69% at $498.36.

Portfolio Pulse from Benzinga Insights

October 12, 2023 | 4:01 pm