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JPM

QQQ

SPY

TLT

XLE

XOM

September has been a tough month for the U.S. stock market, with both the SPDR S&P 500 ETF Trust and the Invesco QQQ Trust closing 5% lower. Treasury yields have surged, causing the iShares 20+ Year Treasury Bond ETF to tumble 8.7%. The potential U.S. government shutdown is causing market anxiety, with Moody's warning of adverse credit consequences. The Senate Banking Committee has approved the SAFE Banking Act, granting legal cannabis businesses access to banks. JPMorgan CEO Jamie Dimon expressed concern about potential interest rate surge to 7%. The energy sector, tracked by the Energy Select Sector SPDR Fund, was the week's best performer, with Exxon Mobil Corp. shares reaching new all-time highs.

Portfolio Pulse from Piero Cingari

September 29, 2023 | 8:13 pm

OGEN

Oragenics has entered into an agreement with Lantern Bioworks for replacement-therapy assets. Oragenics received a $50K cash payment and the opportunity to acquire 1M shares of Lantern equity. Lantern has committed to pay a 10% royalty on net income generated from the assets.

Portfolio Pulse from Bill Haddad

September 29, 2023 | 8:02 pm

JBL

Stifel analyst Matthew Sheerin reiterated a Buy rating on Jabil Inc. (NYSE:JBL), raising the price target to $135 from $120. Jabil's Q4 FY23 revenue was $8.46 billion, slightly below the consensus estimate. The company's FY24 outlook includes growth in key segments such as auto/transport, industrial, healthcare, and cloud. Jabil plans to spend $2.5 billion in share repurchases, which is expected to drive double-digit EPS growth in FY24 and FY25.

Portfolio Pulse from Nabaparna Bhattacharya

September 29, 2023 | 7:09 pm

HES

Hess Inc.'s shares are currently trading at $153.24, after a 2.17% drop. Despite a 2.52% fall over the past month, the stock has risen by 31.20% over the past year. The company's price-to-earnings (P/E) ratio is 32.7, significantly higher than the Oil, Gas & Consumable Fuels industry average of 7.79. This could indicate that the stock is overvalued or that shareholders expect it to outperform its industry group.

Portfolio Pulse from Benzinga Insights

September 29, 2023 | 7:00 pm

AGCO

TRMB

Raymond James analyst Brian Gesuale upgraded Trimble Inc (TRMB) to Outperform from Market Perform, maintaining a price target of $65. The upgrade follows Trimble's joint venture deal with AGCO Corp to sell 85% interest in its Ag assets and technologies portfolio for $2.0 billion. The deal is expected to reduce Trimble's debt and enable a buyback capacity of about $700 million. The analyst also raised adjusted EPS and revenue estimates for FY23 and FY24.

Portfolio Pulse from Lekha Gupta

September 29, 2023 | 6:54 pm

BIDU

A significant amount of unusual options activity has been observed for Baidu (NASDAQ:BIDU), with a majority of investors taking a bullish stance. Of the 11 strange trades detected, 63% were bullish and 36% were bearish. The total amount for puts was $1,122,138 and for calls was $111,284. Whales have been targeting a price range from $125.0 to $200.0 for Baidu over the last 3 months. Baidu's stock price is currently up 2.71% at $136.04. Bernstein maintains an Outperform rating on Baidu with a price target of $168, while Benchmark and Susquehanna have downgraded their actions to Buy and Positive with price targets of $210 and $175 respectively.

Portfolio Pulse from Benzinga Insights

September 29, 2023 | 6:18 pm

ARM

ARM Holdings' shares are experiencing volatility following the company's recent IPO.

Portfolio Pulse from Bill Haddad

September 29, 2023 | 6:14 pm

AAPL

AMD

ASML

AVGO

MSFT

NVDA

ORCL

SMCI

SNOW

SPT

The article provides a list of 10 Information Technology stocks with whale alerts in today's session. The stocks mentioned are NVDA, MSFT, AMD, ORCL, SNOW, AAPL, SMCI, SPT, AVGO, and ASML. The whale alerts are based on options activity and can indicate potential trading opportunities. The sentiment associated with the options activity varies from bearish to bullish or neutral.

Portfolio Pulse from Benzinga Insights

September 29, 2023 | 5:35 pm

SBUX

A large investor has taken a bullish stance on Starbucks (NASDAQ:SBUX), with 24 uncommon options trades spotted for the company. The sentiment of these big-money traders is split evenly between bullish and bearish. The trades include 21 puts, totalling $817,352, and 3 calls, totalling $459,567. Whales have been targeting a price range from $60.0 to $100.0 for Starbucks over the last 3 months. TD Cowen has downgraded its action to Market Perform with a price target of $107, while Citigroup maintains a Neutral rating with a price target of $104.

Portfolio Pulse from Benzinga Insights

September 29, 2023 | 5:33 pm

UPST

Upstart Holdings, Inc. (NASDAQ:UPST) shares are trading higher, gaining more than 7% for the week despite no company-specific news. A short report by Bleecker Street Research on Upstart Holdings did not affect investors' interest. The stock is trending on Yahoo! Finance. Upstart provides a cloud-based, AI lending platform used to aggregate consumer demand for loans. 36% of UPST shares are being sold short.

Portfolio Pulse from Erica Kollmann

September 29, 2023 | 5:15 pm