Streetbeat News

Equity Actions

WFC

A significant investor has taken a bearish stance on Wells Fargo (NYSE:WFC), with 63% of recent trades being bearish and 36% bullish. The total amount for put options is $412,473 and for call options is $101,220. Whales have been targeting a price range from $35.0 to $45.0 for Wells Fargo over the last 3 months. Deutsche Bank has downgraded its action to Buy with a price target of $44.

Portfolio Pulse from Benzinga Insights

October 10, 2023 | 5:00 pm

FXI

General Motors Co and its joint ventures have delivered over 541,000 vehicles in China in Q3 2023, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 4:51 pm

AAGIY

BABA

BEKE

ESRGF

HSBC

TCEHY

XIACY

Despite a quiet trading week in Hong Kong due to a 7-day national holiday in China, several companies repurchased their own shares. The top 5 repurchasers were Tencent Holdings Limited (TCEHY), HSBC plc (HSBC), AIA Group Limited (AAGIY), Xiaomi Corporation (XIACY), and ESR GROUP Limited (ESRGF). On US exchanges, KE Holdings Inc (BEKE) and Alibaba Group Holding Limited (BABA) also made large purchases of their own ADRs.

Portfolio Pulse from Daniel Harrison

October 10, 2023 | 4:51 pm

AAPL

AMZN

GOOG

META

MSFT

NVDA

Wedbush analyst Dan Ives conducted a proprietary AI survey of 672 enterprises, identifying Microsoft and Alphabet's Google as early leaders in the AI sector. Amazon and Meta Platforms are expected to narrow the gap. Microsoft's OpenAI acquisition and Google's improvements in Generative AI were highlighted. Other tech companies like Amazon, Meta, Nvidia, and Apple are also expected to invest heavily in AI in the coming years.

Portfolio Pulse from Anusuya Lahiri

October 10, 2023 | 4:46 pm

EIS

SPY

USO

U.S. Senate Majority Leader Schumer has stated that the U.S. is prepared to ensure Israel has the resources it needs. This could potentially impact the U.S. and Israeli markets.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 4:44 pm

BTCUSD

HOOD

Robinhood Markets (NASDAQ:HOOD) is focusing on the next generation of investors by offering 24/7 trading, crypto, and savings offerings. The company has improved its customer service and now offers 24/7 support. Robinhood has also launched retirement accounts and a securities lending program. The platform allows trading of several cryptocurrencies, with Bitcoin being the most popular recurring investment. Robinhood is among the brokerages that have launched extended trading hours for multiple stocks and ETFs.

Portfolio Pulse from Chris Katje

October 10, 2023 | 4:28 pm

AMZN

NVDA

AI server rental company Lambda Labs is considering a $300 million equity financing round, highlighting the growing demand for Nvidia Corp's AI chips. An investment fund led by billionaire Thomas Tull is expected to contribute significant capital. The funding would increase Lambda's valuation to $1.5 billion. Nvidia and Amazon.Com Inc are key players in the AI chip market.

Portfolio Pulse from Anusuya Lahiri

October 10, 2023 | 4:25 pm

WORX

SCWorx Corp. (NASDAQ:WORX) has announced the successful conclusion of its 2023 Annual Meeting of Stockholders, where shareholders approved a 15-for-1 reverse stock split. The split will reduce the number of outstanding common stock from approximately 17.9 million shares to approximately 1.2 million shares. The split is expected to become effective at market open on October 11, 2023.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 4:24 pm

XOM

Exxon Mobil (NYSE:XOM) has seen unusual options activity, with a significant number of bearish trades. Of the 32 strange trades detected, 56% were bearish and 43% bullish. The total amount for the 8 puts was $345,345 and for the 24 calls was $1,024,179. Whales have been targeting a price range from $105.0 to $125.0 for Exxon Mobil over the last 3 months. The company's stock price is currently up 0.07% at $111.0. Major financial institutions have maintained their positive ratings on Exxon Mobil, with price targets ranging from $120 to $143.

Portfolio Pulse from Benzinga Insights

October 10, 2023 | 4:15 pm

EIS

SPY

USO

The Likud party, led by Netanyahu, has announced that significant progress has been made towards forming a unity government. This political development could have implications for various US-listed ETFs that are exposed to Israel's economy and politics.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 4:15 pm