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Equity Actions

BIRK

Birkenstock's IPO shares have started trading at $41 per share, which is lower than the IPO price of $46 per share.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2023 | 5:33 pm

BIRK

Birkenstock Holding's shares are expected to open between $40-$41, lower than the initial public offering (IPO) price of $46, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2023 | 5:15 pm

PLTR

A significant bearish stance has been taken on Palantir Technologies (NYSE:PLTR) by a large investor or institution, as evidenced by unusual options trading activity. The sentiment among these big-money traders is 30% bullish and 69% bearish. The whales have been targeting a price range from $7.0 to $22.0 for Palantir over the last 3 months. The price of PLTR is currently up 0.17% at $17.83. Wedbush and HSBC have downgraded their actions on Palantir to Outperform and Hold respectively.

Portfolio Pulse from Benzinga Insights

October 11, 2023 | 4:46 pm

ADBE

AIQ

BOTZ

IBM

META

NVDA

TECB

WDAY

Bank of America has highlighted the transformative potential of generative artificial intelligence (AI), comparing its impact to that of the telephone, automobile, personal computer, and internet. The bank's analysts predict that AI could generate $15.7 trillion in economic impact by 2030 and that AI-driven efficiencies and revenue could appear across sectors globally within the next 3-5 years. Several stocks and ETFs are identified as potential beneficiaries of this trend, including Nvidia, IBM, Sweetgreen, Adobe, Workday, Meta Platforms, Morgan Stanley, and three ETFs: Global X Robotics & Artificial Intelligence ETF, Global X Artificial Intelligence & Technology ETF, and iShares U.S. Tech Breakthrough Multisector ETF.

Portfolio Pulse from Chris Katje

October 11, 2023 | 4:43 pm

ETWO

HYLN

PHIO

SILK

TPST

VJET

U.S. stocks traded mixed with the Dow Jones falling and NASDAQ and S&P 500 rising. Real estate shares surged while energy shares fell. Tempest Therapeutics, Phio Pharmaceuticals, and voxeljet AG saw significant increases in their shares. Silk Road Medical, E2open Parent Holdings, and Hyliion Holdings saw significant drops in their shares. Producer prices in the U.S. increased 0.5% month-over-month in September, above market expectations.

Portfolio Pulse from Lisa Levin

October 11, 2023 | 4:38 pm

TMUS

A significant investor has taken a bearish stance on T-Mobile US (NASDAQ:TMUS), with 81% of recent trades being bearish and 18% bullish. The trades have targeted a price range of $135.0 to $160.0 for T-Mobile over the last 3 months. The current price of TMUS is $142.16, down 0.18%. Deutsche Bank and Raymond James have maintained their Buy and Strong Buy ratings on T-Mobile, with price targets of $180 and $173 respectively.

Portfolio Pulse from Benzinga Insights

October 11, 2023 | 4:31 pm

TTD

A significant investor has taken a bearish stance on Trade Desk (NASDAQ:TTD), with 87% of the spotted trades being bearish. The whales have been targeting a price range from $50.0 to $90.0 for Trade Desk over the last 3 months. UBS has downgraded its action to Buy with a price target of $100. The price of TTD is up 0.52% at $85.6.

Portfolio Pulse from Benzinga Insights

October 11, 2023 | 4:16 pm

RGF

The Real Good Food Company reported preliminary Q3 financial results and issued FY23 and Q4 Revenue guidance below estimates. The company also announced the commencement of a public offering, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2023 | 4:10 pm

HASI

Muddy Waters' Carson Block has closed his short position on Hannon Armstrong (HASI), according to a CNBC interview cited by Reuters.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2023 | 4:09 pm

ADP

Automatic Data Processing (ADP) has been evaluated against its key competitors in the Professional Services industry. ADP's P/E ratio is 0.41x less than the industry average, suggesting growth potential. However, its high P/B and P/S ratios may indicate overvaluation. The company's ROE is 17.16% above the industry average, indicating efficient use of equity. Its EBITDA and gross profit are significantly above the industry average, indicating strong profitability. ADP's revenue growth surpasses the industry average, indicating robust sales expansion.

Portfolio Pulse from Benzinga Insights

October 11, 2023 | 4:00 pm