Streetbeat News

Equity Actions

INTC

A significant number of investors, referred to as 'whales', have taken a bullish stance on Intel (NASDAQ:INTC), with 60% of investors opening trades with bullish expectations and 40% with bearish. The whales have been targeting a price range from $25.0 to $45.0 for Intel over the last 3 months. The current price of INTC is $36.07, up 0.03%. Analysts have mixed opinions on Intel, with ratings ranging from 'Outperform' to 'Sell' and price targets from $17 to $56.

Portfolio Pulse from Benzinga Insights

October 10, 2023 | 6:30 pm

CVX

GUSH

MRO

OXY

XOM

The Israel-Hamas conflict has led to a rise in oil stocks due to potential supply constraints. The Direxion Daily S&P Oil & Gas Exp & Prod Bull 2X Shares (GUSH) rose by 1.6% on Tuesday. Analysts have raised price targets for Marathon Oil Corporation (MRO), Exxon Mobil Corp (XOM), and Chevron Corporation (CVX), indicating bullish sentiment for the oil and gas sector. GUSH, a double-leveraged fund, is designed to outperform companies in the S&P Oil & Gas Exploration & Production Select Industry Index by 200%. It includes Exxon, Occidental Petroleum Corporation (OXY), and Marathon Oil.

Portfolio Pulse from Melanie Schaffer

October 10, 2023 | 6:06 pm

MSFT

Morgan Stanley analyst Keith Weiss reiterated an Overweight rating on Microsoft Corp (NASDAQ:MSFT) with a price target of $415. The analyst highlighted that the MS 3Q23 CIO survey suggests stabilization in IT spending growth in the near term, with expectations for 2023 holding at +2.7% YoY sequentially. He also noted that Microsoft continues to align well with key AI themes and has the potential to monetize Generative AI across its broad portfolio. These factors, combined with a valuation still at a discount to peers, support Keith’s conviction in Microsoft as his Top Pick.

Portfolio Pulse from Anusuya Lahiri

October 10, 2023 | 6:01 pm

Shares of Electronic Arts Inc (NASDAQ:EA) were up 2.96% on Tuesday, trading at $128.37. BofA Securities analyst Omar Dessouky upgraded EA to Buy and raised the price target from $145 to $150, implying a 20% upside potential. The new valuation is based on a forward P/E ratio of 19x FY25 earnings. Dessouky is optimistic about EA's future performance due to increased revenue from higher game prices, a shift towards premium versions, growth in the mobile version, and enhanced monetization strategies for the Ultimate Team component.

Portfolio Pulse from Franca Quarneti

October 10, 2023 | 5:57 pm

AKRO

CRBU

MRNA

MYNZ

PFE

Mainz Biomed N.V. (NASDAQ:MYNZ) has developed ColoAlert, the first DNA-based screening test for colorectal cancer in Europe, and is also developing a proprietary genetic testing method for pancreatic cancer. Pfizer Inc (NYSE:PFE) has invested $25 million in Caribou Biosciences (NASDAQ:CRBU) and Akero Therapeutics Inc (NASDAQ:AKRO), while Moderna Inc (NASDAQ:MRNA) reported positive Phase 1/2 data from its combination vaccine against both Influenza and Covid-19.

Portfolio Pulse from Upwallstreet

October 10, 2023 | 5:53 pm

A significant bearish stance has been taken on Blackstone (NYSE:BX) as evidenced by unusual options activity. The overall sentiment of these big-money traders is split between 26% bullish and 73% bearish. The whales have been targeting a price range from $95.0 to $115.0 for Blackstone over the last 3 months. HSBC has downgraded its action to Hold with a price target of $113, while Barclays maintains an Equal-Weight rating with a price target of $116.

Portfolio Pulse from Benzinga Insights

October 10, 2023 | 5:45 pm

ATRA

CYTK

HAE

ILMN

LLY

PFE

SRPT

THC

UNH

VEEV

Benzinga's options activity scanner has identified significant trading activity in the options of ten healthcare stocks. The stocks are CYTK, THC, HAE, ATRA, LLY, SRPT, PFE, VEEV, ILMN, and UNH. The options trades range from bullish to bearish and neutral sentiments, with varying expiration dates and strike prices.

Portfolio Pulse from Benzinga Insights

October 10, 2023 | 5:35 pm

AMD

CRDO

MSFT

NVDA

PLTR

QCOM

SMCI

VMW

The article reports on the recent options activity in the Information Technology sector. It highlights the trades of 10 US-listed companies: NVDA, AMD, MSFT, PLTR, QCOM, SMCI, CRDO, VMW, ZS, and MU. The trades vary in sentiment from bullish to bearish and neutral, with different expiration dates and strike prices.

Portfolio Pulse from Benzinga Insights

October 10, 2023 | 5:35 pm

MDGL

Janus Henderson Group PLC has acquired a 15.4% stake in Madrigal Pharmaceuticals, according to a 13G filing with the SEC. The stake was acquired as of September 29, 2023.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 5:10 pm

AGRI

AgriFORCE Growing Systems Ltd. (NASDAQ:AGRI) has announced a 1-for-50 reverse stock split, approved by the company's board and shareholders. The move is aimed at complying with the Nasdaq Listing Rule 5550(a)(2) closing bid price requirement. The split will be effective from October 11, 2023.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 5:04 pm