Streetbeat News

Equity Actions

SQ

A significant bearish stance has been taken on Block (NYSE:SQ) by a large investor, as indicated by a large position in the company's options. The sentiment among these big-money traders is split, with 47% bullish and 52% bearish. The whales have been targeting a price range from $37.5 to $130.0 for Block over the last 3 months. Several experts have downgraded their ratings on Block, while others maintain their positive outlook.

Portfolio Pulse from Benzinga Insights

October 02, 2023 | 4:31 pm

TGT

A significant bullish stance has been taken on Target (NYSE:TGT) as indicated by unusual options activity. The sentiment among these big-money traders is split evenly between bullish and bearish. The price range targeted by these traders for Target over the last 3 months is from $75.0 to $160.0. The current price of TGT is $110.2. Analysts from Evercore ISI Group, Morgan Stanley, HSBC, and Stifel have maintained their ratings on Target with price targets ranging from $130 to $142.

Portfolio Pulse from Benzinga Insights

October 02, 2023 | 4:31 pm

CLF

X

United States Steel Corporation (NYSE:X) is undergoing a transformation, expanding its EAF capabilities and downstream offerings, according to Morgan Stanley analyst Carlos De Alba. De Alba upgraded the rating for US Steel from Equal-Weight to Overweight and raised the price target from $25 to $40. The company's new 3.0mtpa Big River 2 mini mill is expected to come online in 2024, which will nearly double its EAF steelmaking capabilities. US Steel is also increasing its presence in downstream products.

Portfolio Pulse from Priya Nigam

October 02, 2023 | 4:30 pm

SHOP

A significant bearish stance has been taken on Shopify (NYSE:SHOP) by a large investor, as indicated by unusual options activity. The overall sentiment of these big-money traders is split between 36% bullish and 63% bearish. The whales have been targeting a price range from $30.0 to $80.0 for Shopify over the last 3 months. JMP Securities has downgraded its action to Market Outperform with a price target of $72.

Portfolio Pulse from Benzinga Insights

October 02, 2023 | 4:16 pm

ORCL

Brian Belski announced on CNBC that he has increased his holdings in Oracle (ORCL).

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 4:16 pm

ADBE

A significant number of investors have taken a bearish stance on Adobe (NASDAQ:ADBE), with 70% of recent unusual options trades being bearish. The trades range from $420.0 to $560.0. Adobe's stock price is currently down 0.5% at $507.36. Analysts from BMO Capital, Evercore ISI Group, and Piper Sandler maintain an Outperform rating on Adobe, with price targets ranging from $605 to $650. RBC Capital and HSBC have downgraded their ratings to Outperform and Hold respectively, with price targets of $615 and $519.

Portfolio Pulse from Benzinga Insights

October 02, 2023 | 4:16 pm

KKR

KKR & Co Inc has sold over 5 million square feet of industrial warehouse and distribution assets for more than $560 million. The sale was completed through five transactions with separate buyers. The assets sold are part of the Real Estate Partners Americas II fund and include over 50 industrial buildings in high-growth markets. KKR continues to focus on acquiring logistics properties in growth markets.

Portfolio Pulse from Lekha Gupta

October 02, 2023 | 4:01 pm

CMG

A significant bearish stance has been observed in Chipotle Mexican Grill's (NYSE:CMG) options activity. Of the 29 unusual trades detected, 55% were bearish and 44% bullish. The total amount for puts was $682,411 and for calls was $620,708. Whales have been targeting a price range from $1650.0 to $2250.0 for Chipotle over the last 3 months. The company's stock price is currently down by 0.07% at $1830.59. Several experts have downgraded their ratings on Chipotle, with price targets ranging from $2200 to $2280.

Portfolio Pulse from Benzinga Insights

October 02, 2023 | 4:01 pm

SPY

UNG

USO

International Energy Agency (IEA) Executive Director Birol stated that subsidies are a major incentive to increase fossil fuel use and eliminating them is crucial. This statement could impact the fossil fuel industry and related ETFs.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 3:58 pm

AMZN

BROG

DHR

MSFT

TSLA

Bitcoin has hit a 6-week high of over $28,000. Analysts predict a bullish trend for Bitcoin, Ethereum, and Dogecoin. Amazon.com is predicted to have over 35% upside according to an analyst with an 83% accuracy rate. Stocks of Danaher and Brooge Energy are moving lower in pre-market trading. Tesla's Elon Musk denies making $8.6M every hour and disputes reports of Tesla's stock drops. Microsoft's Satya Nadella is set to testify in Google's antitrust trial.

Portfolio Pulse from Akanksha Bakshi

October 02, 2023 | 3:53 pm