Streetbeat News

Equity Actions

COST

A significant number of investors have taken a bullish stance on Costco Wholesale (NASDAQ:COST), with 63% of recent unusual options trades being bullish and 36% bearish. The trades have targeted a price range of $250.0 to $740.0 for Costco over the last 3 months. The current price of COST is up 0.41% at $548.91. Telsey Advisory Group and Stifel have downgraded their actions to Outperform and Buy respectively, both with a price target of $575. Evercore ISI Group has maintained their Outperform rating with a price target of $595.

Portfolio Pulse from Benzinga Insights

September 07, 2023 | 6:32 pm

ABNB

Airbnb's upcoming inclusion in the S&P 500 Index has led to a 6% increase in its stock price. Despite trading $5 below its IPO price, the stock has seen a 62% year-to-date increase. The company's official inclusion in the S&P 500 is set for September 18, which could lead to potential volatility and opportunities for investors.

Portfolio Pulse from Zaheer Anwari

September 07, 2023 | 6:28 pm

TMUS

T-Mobile Us Inc (NASDAQ:TMUS) announced the initiation of a dividend growth model and a $19 billion shareholder return program, which will run up to 2024. The program includes $3.75 billion per quarter, with about $750 million reserved for dividends. The company also plans to earmark about $3 billion per quarter for stock buybacks. The news boosted T-Mobile's stock during Thursday’s trading session.

Portfolio Pulse from AJ Fabino

September 07, 2023 | 6:18 pm

DUK

Duke Energy Inc.'s (NYSE:DUK) stock price is currently at $89.53, after a 2.33% increase. However, over the past month, the stock has decreased by 3.64%, and over the past year, it has decreased by 18.52%. The company's P/E ratio is lower than the aggregate P/E of the Electric Utilities industry, which could indicate that the stock is undervalued. However, a lower P/E can also suggest that shareholders do not expect future growth.

Portfolio Pulse from Benzinga Insights

September 07, 2023 | 6:15 pm

UBER

Uber's CEO announced at the Goldman Sachs Conference that the company's delivery business is expected to grow by at least 14% in the second half of the year.

Portfolio Pulse from Benzinga Newsdesk

September 07, 2023 | 6:09 pm

AXP

A significant bearish stance has been observed in American Express (NYSE:AXP) options trading. Of the 10 unusual trades detected, 70% were bearish and 30% bullish. The total amount for the 7 puts was $1,127,348 and for the 3 calls was $149,109. Whales have been targeting a price range from $150.0 to $170.0 for American Express over the last 3 months. RBC Capital upgraded its action to Outperform with a price target of $200.

Portfolio Pulse from Benzinga Insights

September 07, 2023 | 5:31 pm

GRPN

Windward Management has reportedly increased its stake in Groupon to 8.6%, according to Bloomberg.

Portfolio Pulse from Benzinga Newsdesk

September 07, 2023 | 5:24 pm

ADDYY

CMCSA

KO

NKE

French President Emmanuel Macron has stated that the Russian flag should not fly at the 2024 Paris Games due to Russia's invasion of Ukraine. The International Olympic Committee (IOC) has not sent formal invitations to Russia or Belarus, but individual athletes may still participate. This could impact broadcasting companies like Comcast Corporation and major sponsors like Coca-Cola Co, as well as sportswear companies like Nike Inc and Adidas AG-ADR, due to potential boycotts or reduced interest.

Portfolio Pulse from AJ Fabino

September 07, 2023 | 5:09 pm

KER

LVMUY

French billionaire François-Henri Pinault has acquired a minority stake in Creative Artists Agency (CAA), valuing the talent agency at $7 billion. The deal could help Pinault's Kering luxury brands compete with rival LVMH. Bryan Lourd is set to become CEO of CAA after the deal closes.

Portfolio Pulse from Benzinga Newsdesk

September 07, 2023 | 5:07 pm

AEO

Barclays analyst Adrienne Yih has maintained an Overweight rating on American Eagle Outfitters (NYSE:AEO) and raised the price target from $19 to $22.

Portfolio Pulse from Benzinga Newsdesk

September 07, 2023 | 5:05 pm