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Equity Actions

SPY

In a recent CNBC interview, DoubleLine Capital's Gundlach stated that closed-end funds offer 12-13% yields with limited risk. He also mentioned that he has been negative on the equity markets for several months.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 7:46 pm

PSTV

Plus Therapeutics, Inc. (NASDAQ:PSTV) shares are trading higher after the company reported Q3 financial results. The company reported quarterly losses of $1.00 per share, beating the analyst consensus estimate of losses of $1.12 per share. However, quarterly sales of $1.24 million missed the analyst consensus estimate of $1.29 million. Plus Therapeutics also announced a share repurchase program to purchase up to $500,000 of common stock.

Portfolio Pulse from Ryan Gustafson

November 01, 2023 | 7:38 pm

META

Investor Business Daily SwingTrader has reportedly purchased stock in Meta Platforms.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 7:36 pm

BXC

Bluelinx Holdings reported better-than-expected Q3 adjusted EPS results and issued Q4 guidance. The company also announced a $100M share repurchase authorization, leading to a rise in its share price.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 7:36 pm

BTCUSD

CLSK

RIOT

Bernstein, a global asset management firm, predicts that Bitcoin (BTC) prices could surge to $150,000 by 2025, amid positivity surrounding the spot Bitcoin ETF approval. The approval is expected by Q1 2024. The firm also initiated coverage on several Bitcoin mining firms, including Riot Platforms and CleanSpark, citing Bitcoin mining as a high-beta strategy for gaining exposure to the market.

Portfolio Pulse from Khyathi Dalal

November 01, 2023 | 7:24 pm

PSNY

Piper Sandler analyst Alex Potter initiated coverage on Polestar Automotive Holding UK Limited (NASDAQ:PSNY) with an Overweight rating and a price target of $3. The analyst noted that Polestar's focus on premium electric vehicles could support above-average margins despite limiting the size of its addressable market. The company's unique approach of using its key shareholders as production partners could boost ROIC and expedite the launch process. The analyst also highlighted potential risks including Anti-China trade policy, dilutive capital infusions, low liquidity, extreme reliance on Geely/Volvo, competition, rising interest rates, and launch delays.

Portfolio Pulse from Shivani Kumaresan

November 01, 2023 | 7:15 pm

TGT

A significant amount of unusual options activity has been detected for Target Corporation (NYSE:TGT), with a mix of bullish and bearish stances. The trades range from $80.0 to $135.0 for Target over the last 3 months. The current price of TGT is down -1.45% at $109.18. Analysts from B of A Securities, Tigress Financial, Truist Securities, and Evercore ISI Group have given their ratings and price targets for the stock.

Portfolio Pulse from Benzinga Insights

November 01, 2023 | 6:31 pm

SLAB

Barclays analyst Blayne Curtis has upgraded Silicon Laboratories (NASDAQ:SLAB) from Underweight to Equal-Weight.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 6:30 pm

O

A significant investor has taken a bullish stance on Realty Income (NYSE:O), with unusual options activity detected. The trades are evenly split between bullish and bearish expectations. The total amount for puts is $208,432 and for calls is $266,870. Whales have been targeting a price range from $40.0 to $60.0 for Realty Income over the last 3 months. The current price of O is up 0.36% at $47.55. B of A Securities and Mizuho have both given a Neutral rating with price targets of $52 and $48 respectively.

Portfolio Pulse from Benzinga Insights

November 01, 2023 | 5:47 pm

SGEN

A significant bearish stance has been taken on Seagen (NASDAQ:SGEN) as evidenced by unusual options activity. The overall sentiment of these big-money traders is split between 40% bullish and 60% bearish. The whales have been targeting a price range from $190.0 to $220.0 for Seagen over the last 3 months. Currently, the price of SGEN is up 0.66% at $214.22. Truist Securities downgraded its action to Hold with a price target of $229.

Portfolio Pulse from Benzinga Insights

November 01, 2023 | 5:46 pm