Streetbeat News

Equity Actions

WFC

A whale investor has taken a bullish stance on Wells Fargo (NYSE:WFC), with 50% of the investors opening trades with bullish expectations and 50% with bearish. The whale has been targeting a price range from $30.0 to $47.5 for Wells Fargo over the last 3 months. The price of WFC is up 3.39% at $42.73. HSBC has downgraded its action to Hold with a price target of $45.

Portfolio Pulse from Benzinga Insights

September 12, 2023 | 5:01 pm

A whale investor has taken a bullish stance on Mastercard (NYSE:MA), with 52% of investors opening trades with bullish expectations and 47% with bearish. The whale has been targeting a price range from $310.0 to $435.0 for Mastercard over the last 3 months. Mizuho downgraded its action to Buy with a price target of $435, while JP Morgan maintained their Overweight rating on Mastercard, with a price target of $510.

Portfolio Pulse from Benzinga Insights

September 12, 2023 | 5:01 pm

CMG

Chipotle Mexican Grill Inc.'s (NYSE:CMG) stock price is currently at $1921.95, after a 1.38% drop. However, over the past month, the stock increased by 3.99%, and in the past year, by 11.64%. The company's P/E ratio is 48.7, lower than the aggregate P/E ratio of 160.01 in the Hotels, Restaurants & Leisure industry, which could indicate that the stock is undervalued.

Portfolio Pulse from Benzinga Insights

September 12, 2023 | 4:45 pm

GME

A significant number of GameStop's September 29th $21 call options were purchased, with 3224 contracts bought at $0.29 each, compared to the open interest of 746 contracts. The reference price was $17.4.

Portfolio Pulse from Charles Gross

September 12, 2023 | 4:21 pm

GFGD

The Growth For Good Acquisition Corporation (GFGD) has announced the termination of its merger agreement with ZeroNox. The company also plans to redeem its public shares.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2023 | 4:16 pm

AAPL

AMZN

BTCUSD

GLD

GOOG

META

MSFT

NVDA

QQQ

SLV

SPY

TSLA

USO

The article discusses the potential impact of the iPhone 15 launch on Apple's stock (AAPL), given the rising nationalism in China and the ban on government employees using iPhones. It also mentions the early trade money flows in several companies and ETFs, including Apple, Meta Platforms (META), Tesla (TSLA), Amazon (AMZN), NVIDIA (NVDA), Microsoft (MSFT), Alphabet (GOOG), SPDR S&P 500 ETF Trust (SPY), Invesco QQQ Trust Series 1 (QQQ), SPDR Gold Trust (GLD), iShares Silver Trust (SLV), and United States Oil ETF (USO). Bitcoin (BTC) is also mentioned as seeing aggressive buying.

Portfolio Pulse from The Arora Report

September 12, 2023 | 4:10 pm

AAPL

QQQ

Seven tech giants, namely Apple, Microsoft, Alphabet, Amazon, Meta Platforms, NVIDIA, and Tesla, have seen their stocks surge by 100% or more year-to-date, outperforming the broader S&P 500 index. The rise is attributed to the transformative power of AI and a decline in the Consumer Price Index. However, concerns are rising about the sustainability of these gains, with the Nasdaq 100's current valuation exceeding peak levels seen during the dot-com bubble. The P/E ratio of the Invesco QQQ Trust ETF stands at 35.02, indicating tech stocks are now 15% more costly than their three-year average and 24% pricier than their five-year average.

Portfolio Pulse from Piero Cingari

September 12, 2023 | 4:10 pm

SKIN

The Beauty Health Company (NASDAQ:SKIN) announced a business transformation program aimed at driving profitable growth by cutting costs and streamlining operations. The program is expected to realize annualized cost savings of over $20 million during Q1 2024 and over $15 million during Q2 2024. The company also announced a stock buyback program of up to $100 million. The company's shares are trading higher by 24.41%.

Portfolio Pulse from Shivani Kumaresan

September 12, 2023 | 4:01 pm

BLK

COIN

Franklin Templeton has applied for a Bitcoin ETF, marking its entry into the cryptocurrency sector. The ETF, to be overseen by Coinbase Inc., is set for a listing on the Cboe BZX Exchange. This move mirrors actions by other financial powerhouses like Blackrock, who anticipate that the SEC might soon approve a spot Bitcoin ETF for the mainstream market.

Portfolio Pulse from Murtuza Merchant

September 12, 2023 | 3:48 pm

EADSY

Airbus SE has signed a pact with DG Fuels, LLC, a provider of sustainable aviation fuel (SAF). The partnership aims to support DG Fuels' goal of launching the equity process and reaching a final investment decision on building its first SAF plant in the U.S. by early 2024. The plant is expected to have an initial production capacity of 120 million US gallons of SAF per year, potentially saving approximately 1.5 million tonnes of CO2 emissions annually from 2026.

Portfolio Pulse from Nabaparna Bhattacharya

September 12, 2023 | 3:47 pm