Streetbeat News

Equity Actions

A significant amount of bearish options activity has been observed for Goldman Sachs Gr (NYSE:GS), with 81% of investors opening trades with bearish expectations. The total amount for puts is $1,228,440 and for calls is $517,649. Whales have been targeting a price range from $245.0 to $335.0 for Goldman Sachs Gr over the last 3 months. The current price of GS is down -1.32% at $324.51. Citigroup, HSBC, JMP Securities, and Oppenheimer have maintained their ratings on Goldman Sachs Gr with price targets ranging from $380 to $450.

Portfolio Pulse from Benzinga Insights

September 26, 2023 | 5:16 pm

DHI

A significant amount of bearish options activity has been observed for D.R. Horton (NYSE:DHI), with 58% of investors opening trades with bearish expectations. The majority of the trades are puts, totaling $690,514, compared to calls totaling $76,800. Whales have been targeting a price range from $101.0 to $115.0 for D.R. Horton over the last 3 months. Citigroup maintains a Buy rating on D.R. Horton with a price target of $140, while Wedbush has downgraded its action to Neutral with a price target of $115.

Portfolio Pulse from Benzinga Insights

September 26, 2023 | 5:16 pm

MELI

A significant bullish stance has been taken on MercadoLibre (NASDAQ:MELI) as evidenced by unusual options activity. The sentiment among these big-money traders is split between 57% bullish and 42% bearish. Whales have been targeting a price range from $1040.0 to $1800.0 for MercadoLibre over the last 3 months. The current price of MELI is down -2.16% at $1262.66. New Street Research, UBS, and Susquehanna have maintained positive ratings on MercadoLibre with price targets of $1650, $1700, and $1625 respectively.

Portfolio Pulse from Benzinga Insights

September 26, 2023 | 5:00 pm

CRM

A whale investor has taken a bullish stance on Salesforce (NYSE:CRM), with 50% of investors opening trades with bullish expectations and 50% with bearish. The whale has been targeting a price range from $160.0 to $320.0 for Salesforce over the last 3 months. The price of CRM is currently down -1.39% at $203.48. Several experts have downgraded their actions on Salesforce but maintained their buy ratings with price targets ranging from $240 to $275.

Portfolio Pulse from Benzinga Insights

September 26, 2023 | 4:31 pm

FirstEnergy has announced an increase in its common stock dividend from $0.39 to $0.41 per share, representing a 5% increase.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2023 | 4:20 pm

CTAS

FEMY

IMVT

NEWP

RNAZ

SLNO

UNFI

U.S. stocks traded lower with the Nasdaq Composite falling more than 1%. Cintas Corporation reported better-than-expected earnings for its first quarter and raised its FY24 revenue and EPS outlook. Soleno Therapeutics, Femasys Inc., and Immunovant saw significant stock increases, while TransCode Therapeutics, United Natural Foods, and New Pacific Metals saw decreases. Crude oil moved higher while gold, silver, and copper fell.

Portfolio Pulse from Lisa Levin

September 26, 2023 | 4:04 pm

AAPL

TSLA

The S&P 500 has confirmed a head and shoulders topping pattern, suggesting a potential further downside to $4100. Key stocks like Apple, Inc. (NASDAQ:AAPL) and Tesla Inc. (NASDAQ:TSLA) have shown signs of distribution, contributing to less bullish breadth conditions. The bearish tone is expected to continue into the coming week, with the recent selloff partly attributed to the Fed meeting and Powell's press conference.

Portfolio Pulse from David Keller

September 26, 2023 | 4:00 pm

AAPL

AMZN

GOOG

IWM

META

MSFT

SMIN

TSLA

India is emerging as a manufacturing powerhouse with Apple Inc (AAPL) increasing production in the country. Other major companies like Tesla Inc (TSLA), Alphabet Inc Class C (GOOG), Microsoft Corp (MSFT), Amazon.com, Inc. (AMZN), and Meta Platforms Inc (META) are also exploring or have made significant investments in India. Small caps in India have outperformed US small caps by 18.2% year to date. However, India's market is currently overbought and expensive, suggesting investors should wait for a pullback before buying.

Portfolio Pulse from The Arora Report

September 26, 2023 | 3:48 pm

ETHUSD

Blockchain platform Fhenix has secured $7 million in venture capital funding led by Multicoin Capital and Collider Ventures. The funds will be used to launch the Fhenix Network's public testnet and bolster ecosystem application development. Fhenix aims to address a significant gap in the Ethereum ecosystem by ensuring encryption for commercially sensitive data.

Portfolio Pulse from Murtuza Merchant

September 26, 2023 | 3:37 pm

AVGO

A significant number of investors have taken a bearish stance on Broadcom (NASDAQ:AVGO), with 58% of detected trades being bearish. The targeted price range for Broadcom over the last 3 months is from $570.0 to $1220.0. The current price of AVGO is down -1.63% at $820.3. Analysts from Oppenheimer, Baird, and Truist Securities maintain an Outperform or Buy rating on Broadcom, with price targets ranging from $990 to $1000. Benchmark downgraded its action to Buy with a price target of $950, while Wells Fargo maintains an Equal-Weight rating with a price target of $900.

Portfolio Pulse from Benzinga Insights

September 26, 2023 | 3:31 pm