Streetbeat News

Equity Actions

FLEX

Flex Ltd. plans to spin-off all of its remaining interest in Nextracker on a pro rata basis. This move is expected to allow both companies to focus on their core businesses and enhance shareholder value.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 8:16 pm

TSLA

Elon Musk, CEO of Tesla (NASDAQ: TSLA), is reportedly developing a close relationship with GOP presidential candidate, Vivek Ramaswamy. This has led to speculation that Musk may financially back an organization aligned with Ramaswamy's vision, such as the American Exceptionalism Public Policy Committee. However, the exact nature, amount, and timing of such a contribution remain speculative.

Portfolio Pulse from Maureen Meehan

October 25, 2023 | 8:16 pm

DHR

A significant bearish stance has been taken on Danaher (NYSE:DHR) as evidenced by unusual options activity. The overall sentiment of these big-money traders is split between 33% bullish and 66% bearish. The price of DHR is down -2.13% at $192.65. RBC Capital, JP Morgan, Raymond James, and Wells Fargo have all maintained their positive ratings on Danaher, with price targets ranging from $239 to $260.

Portfolio Pulse from Benzinga Insights

October 25, 2023 | 8:15 pm

GE

A significant amount of unusual options activity has been observed for General Electric (NYSE:GE), with a majority of investors taking a bearish stance. The price range targeted by these investors over the last three months is between $80.0 and $160.0. The current price of GE is down by 2.13% at $111.2. RBC Capital, Deutsche Bank, and Barclays have maintained their positive ratings on GE with price targets of $131, $141, and $133 respectively.

Portfolio Pulse from Benzinga Insights

October 25, 2023 | 8:15 pm

BIDU

A significant amount of unusual options activity has been observed for Baidu (NASDAQ:BIDU), with a split sentiment of 50% bullish and 50% bearish among big-money traders. The options trades have targeted a price range from $95.0 to $114.0 for Baidu over the last 3 months. Currently, Baidu's stock price is down by 3.1% at $107.98. JP Morgan has maintained their Overweight rating on Baidu, with a price target of $185.

Portfolio Pulse from Benzinga Insights

October 25, 2023 | 8:15 pm

F

RIVN

TM

TSLA

Billionaire Tom Steyer predicts that by 2030, 80% of cars on the road will be electric. This could be beneficial for EV makers like Tesla and Rivian, but less so for traditional automakers like Toyota and Ford, due to lower margins on electric cars. Steyer's comments were made at a recent Axios event, where he also stated that a potential Trump victory in 2024 would not deter investments in clean energy.

Portfolio Pulse from Aaron Bry

October 25, 2023 | 8:04 pm

EDR

Endeavor is reviewing strategic alternatives but has stated it will not consider the sale or disposition of its interest in TKO Group Holdings, Inc.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 8:02 pm

MU

A significant number of investors have taken a bearish stance on Micron Technology (NASDAQ:MU), with 62% of detected trades being bearish and 37% bullish. The whales have been targeting a price range from $27.5 to $95.0 for Micron Technology over the last 3 months. The current price of MU is $68.51, up 0.65%. Analysts have mixed opinions, with Rosenblatt and Citigroup downgrading to Buy with price targets of $100 and $85 respectively, while Baird maintains a Neutral rating with a price target of $65, and Evercore ISI Group maintains an Outperform rating with a price target of $90.

Portfolio Pulse from Benzinga Insights

October 25, 2023 | 7:46 pm

WMT

A significant investor has taken a bearish stance on Walmart (NYSE:WMT), with 55% of investors opening trades with bearish expectations. The targeted price range for Walmart over the last 3 months is $135.0 to $210.0. Piper Sandler downgraded its action to Overweight with a price target of $210, while Tigress Financial and Stifel maintained their Buy and Hold ratings with price targets of $196 and $169 respectively.

Portfolio Pulse from Benzinga Insights

October 25, 2023 | 7:45 pm

QQQ

SPY

TLT

During a press conference, U.S. President Joe Biden expressed support for a two-state solution to the Israel-Gaza conflict. The equity selloff intensified during Biden’s speech, resulting in the SPDR S&P 500 ETF Trust (NYSE:SPY) declining by 1.4% for the day, and the Invesco QQQ Trust (NASDAQ:QQQ) experiencing a 2.4% drop. The iShares 20+ Treasury Bond ETF (NASDAQ:TLT) fell by 2.5% due to pressure in the bond market.

Portfolio Pulse from Piero Cingari

October 25, 2023 | 7:22 pm