Streetbeat News

Equity Actions

INTC

Intel has announced its intention to operate its Programmable Solutions Group as a standalone business under the leadership of Sandra Rivera. This move is expected to provide more focus and flexibility for the group.

Portfolio Pulse from Bill Haddad

October 03, 2023 | 8:06 pm

KBE

KRE

XLF

Doubleline's Jeffrey Gundlach has stated that banks are not a good investment in the current environment, potentially impacting ETFs such as KBE, KRE, and XLF.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2023 | 8:03 pm

BAH

B Of A Securities analyst Ronald J. Epstein upgraded Booz Allen Hamilton Holding Corp (NYSE:BAH) to Buy from Neutral, increasing the price target to $130 from $110. Epstein believes BAH's exposure to accelerating technologies and modernization initiatives will drive strong organic growth. He also notes that softer-than-expected acquisition activity will aid in redirecting capital for strong dividends and buybacks. BAH's exposure to rapidly growing government-wide acquisition of multi-billion-dollar contracts and AI are seen as significant tailwinds.

Portfolio Pulse from Lekha Gupta

October 03, 2023 | 7:52 pm

TAP

Molson Coors Beverage Company has announced a plan to accelerate its growth and provided a long-term financial outlook at its 2023 Strategy Day. The company's board has also authorized a $2B share repurchase program over the next five years.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2023 | 7:38 pm

HPLT

Home Plate Acquisition Corporation has announced the cancellation of a special meeting of stockholders and its liquidation. The company estimates the per-share redemption price to be approximately $10.52.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2023 | 7:29 pm

AAPL

AMZN

CSCO

GOOG

META

MSFT

RIVN

ROKU

SNAP

SPOT

STLA

Several major companies, including General Motors, Ford Motor, Amazon, Meta Platforms, Alphabet Google, Microsoft, Stellantis, Rivian Automotive, Epic Games, Cisco Systems, Roku, Spotify Technology, and Snap have announced layoffs. The layoffs are attributed to the rise in AI investments and the transition to EVs. However, Apple has resisted the trend and continues to hire, with analysts attributing this to efficient hiring during the pandemic.

Portfolio Pulse from Upwallstreet

October 03, 2023 | 7:06 pm

HPQ

BofA Securities analyst Wamsi Mohan has upgraded HP Inc. (NYSE:HPQ) from Underperform to Buy, raising the price target to $33 from $25. The upgrade is based on an improved Free Cash Flow (FCF) outlook, the resumption of capital returns, and the company's growth potential amid tight cost controls and profitable print projects. Mohan expects HPQ to achieve a bottom in FCF in FY23, driving subsequent growth from an improving PC outlook and lowering restructuring costs. The analyst also anticipates a low single-digit percentage of EPS growth due to the resumption of capital return.

Portfolio Pulse from Nabaparna Bhattacharya

October 03, 2023 | 7:03 pm

MRNA

A significant bullish stance on Moderna (NASDAQ:MRNA) has been observed through unusual options activity. The sentiment among these big-money traders is split between 58% bullish and 41% bearish. The whales have been targeting a price range from $90.0 to $120.0 for Moderna over the last 3 months. Argus Research has maintained their Buy rating on Moderna, with a price target of $140.

Portfolio Pulse from Benzinga Insights

October 03, 2023 | 7:01 pm

HLP

Hongli Group's Board of Directors has approved the appointment of Ms. Xiangmei Zeng as CFO, replacing Ms. Yachun (Daisy) Wang, effective from October 1, 2023.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2023 | 6:59 pm

A whale investor has taken a bullish stance on General Electric (NYSE:GE), with 63% of investors opening trades with bullish expectations. The whale has been targeting a price range from $90.0 to $125.0 for GE over the last 3 months. Deutsche Bank has downgraded its action to Buy with a price target of $141. The price of GE is currently down -0.54% at $108.2.

Portfolio Pulse from Benzinga Insights

October 03, 2023 | 6:45 pm