Streetbeat News

Equity Actions

LLY

A significant bullish stance has been taken on Eli Lilly (NYSE:LLY) as evidenced by unusual options activity. The activity includes 15 uncommon options trades, with 53% bullish and 46% bearish sentiment. The whales have been targeting a price range from $500.0 to $570.0 for Eli Lilly over the last 3 months. Cantor Fitzgerald has downgraded its action to Overweight with a price target of $630.

Portfolio Pulse from Benzinga Insights

October 06, 2023 | 2:30 pm

SCHW

A significant bearish stance has been taken on Charles Schwab (NYSE:SCHW) by a large investor or institution, as evidenced by a large position in options. The overall sentiment of these big-money traders is 80% bearish and 20% bullish. The price range targeted by these 'whales' over the last 3 months is $40.0 to $55.0. Analysts from JMP Securities, Raymond James, and Barclays have given price targets of $77, $72, and $64 respectively.

Portfolio Pulse from Benzinga Insights

October 06, 2023 | 2:15 pm

CAG

GSK

MGM

MSFT

NFLX

NVDA

NVO

PHG

PYPL

SHEL

SNAP

TSM

UBER

The article discusses various regulatory, financial, and operational updates from multiple companies. Key points include potential delays in the PGA Tour and LIV Golf merger due to regulatory concerns, Snap Inc facing UK regulatory hurdles over privacy concerns, Philips' ventilator device recall facing FDA's discontent, Micron's $15B investment in a new Idaho facility, Novo Nordisk's weight loss drugs posing serious stomach risks, Shell revising its Q3 FY23 operational outlook, MGM Resorts expecting a $100M blow from a recent cybersecurity breach, GSK cutting stake in Haleon, TSMC's earnings fueled by AI demand, Netflix's growth issues in India, Uber facing legal hurdles in EU, ConAgra considering a makeover in portion sizes amid diet drug wave, PayPal facing a class-action suit accused of forcing higher price, Nvidia, Intel, Qualcomm challenging Biden's China restrictions, and Microsoft nearing the completion of Activision Blizzard acquisition.

Portfolio Pulse from Vandana Singh

October 06, 2023 | 2:05 pm

PANW

Investor Business Daily SwingTrader has reportedly purchased stock in Palo Alto Networks (PANW).

Portfolio Pulse from Benzinga Newsdesk

October 06, 2023 | 1:54 pm

BTCUSD

ETHUSD

SPY

US markets are reacting to bond market chaos and high-interest rates, with S&P 500 and Nasdaq futures climbing ahead of key jobs data. Cryptocurrencies Bitcoin, Ethereum, and Dogecoin are tumbling ahead of this data, with the US Treasury flagging Bitcoin and Ethereum linked to Chinese Fentanyl trade. In the electric vehicle sector, Renault, Volvo, and CMA CGM are partnering for a new line of electric vans, while Tesla has made price cuts that could impact Wall Street EPS projections. Exxon Mobil is reportedly nearing a $60B deal to buy Pioneer Natural Resources.

Portfolio Pulse from Akanksha Bakshi

October 06, 2023 | 1:40 pm

PBR

Petrobras Brasileiro Inc. (NYSE:PBR) is currently trading at $13.66, after a 0.87% drop. The stock has decreased by 6.95% over the past month and by 4.07% over the past year. The company's P/E ratio is 2.97, lower than the aggregate P/E ratio of 6.74 in the Oil, Gas & Consumable Fuels industry. This could indicate that the stock is undervalued or that it might perform worse than its industry peers.

Portfolio Pulse from Benzinga Insights

October 06, 2023 | 1:30 pm

LOWLF

California-based Lowell Farms Inc. (OTCQX:LOWLF) has repurchased all of the $22,157,417 aggregate principal amount of outstanding senior secured convertible debentures of its subsidiary, Indus Holding Company. The holders received membership interests in LF Brandco LLC and 6,849,572 subordinate voting shares, representing approximately 36% of the company's consolidated, undiluted equity interests. The voting agreement of the company has been terminated.

Portfolio Pulse from Jelena Martinovic

October 06, 2023 | 1:23 pm

GSK

HLN

PFE

GSK Plc has raised around $1.08 billion by selling some of its shares in Haleon Plc, reducing its stake to about 7.4%. Pfizer Inc, which holds a 32% stake in Haleon, also plans to reduce its ownership in the coming months. GSK's shares are up 0.58% while Haleon's shares are down 2.03%.

Portfolio Pulse from Vandana Singh

October 06, 2023 | 1:12 pm

Ford Motor Company has expanded the availability of its hands-free driving technology, BlueCruise, to Spain. This marks the third country in Europe where the technology is available.

Portfolio Pulse from Benzinga Newsdesk

October 06, 2023 | 1:04 pm

BEEM

Beam Global has entered into a definitive agreement to acquire 100% of the equity of Amiga, a Serbian company engaged in the manufacturing and distribution of steel structures with electronic integration. The transaction will be effected through a Share Sale and Purchase Agreement, with Beam paying a combination of cash and Beam common stock to the sellers. The transaction is expected to close in Q4 2023, subject to customary conditions.

Portfolio Pulse from Benzinga Newsdesk

October 06, 2023 | 1:00 pm