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Equity Actions

ANET

Josh Brown, a renowned investor, has purchased shares in Arista Networks, as reported by CNBC.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2023 | 4:10 pm

AMZN

CLVT

HRB

JLL

KMPR

META

MSFT

NVDA

OXY

PINS

THC

WMT

Goldman Sachs has revealed a list of 50 stocks that are expected to see substantial long-term growth due to the adoption of artificial intelligence (AI). The list includes companies from the Russell 1000 index that are expected to benefit significantly from AI integration. The bank's analysis suggests that the median stock in their basket could see a 72% increase in earnings per share (EPS) following widespread AI adoption, compared to a 19% rise for the median stock in the Russell 1000 index.

Portfolio Pulse from Piero Cingari

August 22, 2023 | 4:02 pm

FDX

A significant bearish stance on FedEx (NYSE:FDX) has been observed through unusual options activity. The sentiment among big-money traders is split between 27% bullish and 72% bearish. Whales have been targeting a price range from $240.0 to $280.0 for FedEx over the last 3 months. The price of FDX is currently down -0.42% at $258.85. Stephens & Co. downgraded its action to Overweight with a price target of $290.

Portfolio Pulse from Benzinga Insights

August 22, 2023 | 4:01 pm

FXI

SPY

White House's Sullivan has noted a reduction in the level of transparency in reporting on the Chinese economy in recent months, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2023 | 3:46 pm

VFS

Shares of Vietnamese EV maker VinFast Auto Ltd (NASDAQ:VFS) have been extremely volatile since its debut on the Nasdaq last week. The company's shares surged approximately 270% in its first day of trading before pulling back. The volatility is partly due to the fact that only 1% of the float was opened to outside investors, with the remaining 99% owned by the company's founder. The company's stock has also been trending among retail traders. Additionally, reports suggest that the company's magnet supplier, South Korea's Star Group Industrial, is investing $80 million in a new factory in Vietnam to double output, which may have contributed to the stock's resurgence.

Portfolio Pulse from Adam Eckert

August 22, 2023 | 3:40 pm

PFIE

Profire Energy (PFIE) has been bought by the Navalier Newsletter, according to recent reports. This could potentially influence the stock's performance.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2023 | 3:36 pm

LSEA

Landsea Homes Corp (NASDAQ:LSEA) has priced its underwritten secondary offering by Green Investment Alpha Ltd. at $9.75 per share, a 6% discount to the company’s closing price on Aug. 21, 2023. The company will also repurchase 800,000 of the initial number of shares sold at the public per share offering price, funded by cash on hand. The offering is expected to close on Aug. 24, 2023.

Portfolio Pulse from Shivani Kumaresan

August 22, 2023 | 3:09 pm

AMC

APE

AMC Entertainment Holdings, Inc. (NYSE:AMC) shares are falling ahead of a 10-to-1 reverse stock split scheduled to take effect Thursday. AMC Preferred Equity Units (NYSE:APE) will be converted to AMC common stock the following day. The number of AMC shares will increase from approximately 542.2 million to 550 million shares following the reverse split and stock conversion. Citigroup analyst Jason Bazinet maintained AMC Entertainment Holdings with a Sell rating and lowered the price target from $1.65 to $1.55.

Portfolio Pulse from Erica Kollmann

August 22, 2023 | 2:55 pm

A significant bullish stance has been taken on Procter & Gamble (NYSE:PG) by a large investor or institution, as indicated by unusual options activity. The sentiment among these big-money traders is split, with 63% bullish and 36% bearish. The whales have been targeting a price range from $130.0 to $160.0 for Procter & Gamble over the last 3 months. Barclays, Deutsche Bank, and B of A Securities have maintained their positive ratings on Procter & Gamble, with price targets of $166, $173, and $175 respectively, while Morgan Stanley has downgraded its action to Overweight with a price target of $174.

Portfolio Pulse from Benzinga Insights

August 22, 2023 | 2:46 pm

FXI

REMX

VNM

Rare earth magnet companies are turning to Vietnam as a hedge against China. This move is due to the ongoing trade war between the US and China, which has led to increased tariffs and uncertainty in the market.

Portfolio Pulse from Happy Mohamed

August 22, 2023 | 2:46 pm