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Equity Actions

ONON

Wedbush analyst Tom Nikic has reiterated an Outperform rating on On Holding AG (NYSE:ONON) with a price target of $36. The company plans to double revenues by FY26 and increase margins by over 300 basis points. Despite low brand awareness in the U.S. and Germany, the company is expected to drive growth globally as brand visibility increases. The company, which had eight stores globally two years ago, plans to expand to over 30 stores by the end of 2023.

Portfolio Pulse from Shivani Kumaresan

October 05, 2023 | 6:33 pm

DINO

BMO Capital analyst Phillip Jungwirth initiated coverage on HF Sinclair Corp (NYSE: DINO) with an Outperform rating and a price target of $65. The analyst believes DINO has lagged behind peers during the current refining upcycle and expects the company's execution to improve across refining and renewable diesel business. He also expects management to execute against its 50% adjusted net income payout target, driving capital returns of 11% in FY23 and 7% in FY24.

Portfolio Pulse from Lekha Gupta

October 05, 2023 | 6:11 pm

DWAC

Former President Donald Trump's campaign team announced they raised $45.5 million during the months of July, August, and September, partly due to the viral mug shot of Trump. The campaign has $37.5 million on hand entering October, with $36 million available for the 2024 Republican primary race. This is significantly more than what Ron DeSantis raised during the same period. The news could benefit Digital World Acquisition Corp (NASDAQ:DWAC), which is merging with Trump Media & Technology Group.

Portfolio Pulse from Chris Katje

October 05, 2023 | 5:42 pm

ALNY

CNC

CVS

CYTK

JNJ

LNTH

NVCR

NVST

TDOC

TMO

The article reports on the options activity of 10 health care stocks in today's session. The stocks include NVCR, NVST, CYTK, CVS, TDOC, CNC, JNJ, ALNY, LNTH, and TMO. The options activity includes both put and call options with varying sentiments, expiration dates, strike prices, and total trade prices.

Portfolio Pulse from Benzinga Insights

October 05, 2023 | 5:35 pm

ABNB

CVNA

CZR

DASH

LCID

OSTK

RIVN

TSLA

The article reports on the unusual options activity in the Consumer Discretionary sector. It mentions 10 US-listed companies: Tesla (TSLA), General Motors (GM), Rivian (RIVN), Lucid Group (LCID), Carvana (CVNA), Overstock.com (OSTK), Ford (F), Airbnb (ABNB), Caesars Entertainment (CZR), and DoorDash (DASH). The article provides details on the type of options (put/call), sentiment (bearish/bullish), expiration date, strike price, total trade price, open interest, and volume for each company.

Portfolio Pulse from Benzinga Insights

October 05, 2023 | 5:35 pm

BP Inc.'s shares are currently trading at $35.87, after a 1.21% drop. Despite a decrease of 5.52% over the past month, the stock has increased by 17.07% over the past year. The company's price-to-earnings (P/E) ratio is lower than the aggregate P/E of the Oil, Gas & Consumable Fuels industry, which could indicate that the stock is undervalued. However, a lower P/E can also suggest that shareholders do not expect future growth.

Portfolio Pulse from Benzinga Insights

October 05, 2023 | 5:00 pm

ESMT

Private equity firm General Atlantic is reportedly exploring a sale of EngageSmart, leading to a rise in the company's shares.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 4:40 pm

GSK

HLN

GSK plc has announced its intention to sell 270 million ordinary shares in Haleon, equivalent to approximately 2.9% of Haleon's issued share capital. The disposal will be conducted through a placing of ordinary shares in Haleon to institutional investors. The offer price of Haleon share sale will be determined by means of an accelerated bookbuild offering process which is to start immediately.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 3:52 pm

MSS

Maison Solutions' shares have started trading at $3.99 per share, slightly below the IPO price of $4 per share.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 3:23 pm

JPM

JPMorgan Chase & Co. (NYSE:JPM) is transitioning to a product-operating model to compete with smaller, agile financial services providers. The company has undergone a significant transformation, reshaping its organizational structure around products. The new model allows for swift decision-making and efficient cross-team communication. The company is also focusing on automation testing and leveraging customer data to offer personalized experiences. The company's Chief Information Officer of Consumer and Community Banking, Gill Haus, believes this approach will lead to the launch of new products and innovations in 2024.

Portfolio Pulse from Renato Capelj

October 05, 2023 | 3:23 pm