Streetbeat News

Equity Actions

AWK

American Water (AWK) has provided its FY24 earnings guidance, expecting EPS to be between $5.10 and $5.20, higher than the previous estimate of $4.80. The company's long-term EPS CAGR of 7-9% and rate base growth expectation of 8-9% remain unchanged. It also plans to invest $16-$17 billion from 2024-2028 and $34-$38 billion from 2024-2033.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 8:36 pm

CMCSA

DIS

Disney has agreed to pay NBC Universal $8.61 billion under the terms of a new arrangement.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 8:33 pm

TTD

A whale investor has taken a bullish stance on Trade Desk (NASDAQ:TTD), with 60% of investors opening trades with bullish expectations and 40% with bearish. The whale has been targeting a price range from $50.0 to $85.0 for Trade Desk over the last 3 months. Loop Capital has downgraded its action to Buy with a price target of $95. The price of TTD is down -0.87% at $70.34.

Portfolio Pulse from Benzinga Insights

November 01, 2023 | 8:16 pm

JD

A large investor has taken a bearish stance on JD.com (NASDAQ:JD), with 11 uncommon options trades spotted, split between 45% bullish and 54% bearish. The overall sentiment of these big-money traders is bearish, with 6 puts and 5 calls. The whales have been targeting a price range from $20.0 to $60.0 for JD.com over the last 3 months. The price of JD is down -0.35% at $25.33. JP Morgan, Goldman Sachs, Benchmark, and Barclays maintain their ratings on JD.com, while Bernstein downgraded its action to Market Perform.

Portfolio Pulse from Benzinga Insights

November 01, 2023 | 8:01 pm

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