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Equity Actions

TOL

Investor Business Daily SwingTrader has reportedly sold its stock in Toll Brothers (TOL).

Portfolio Pulse from Happy Mohamed

September 05, 2023 | 2:07 pm

SHOP

A significant amount of unusual options activity has been observed for Shopify (NYSE:SHOP), with a majority of investors taking a bearish stance. Of the 12 strange trades detected, 75% were bearish and 25% bullish. The total amount for the 8 puts was $392,313 and for the 4 calls was $238,815. Whales have been targeting a price range from $60.0 to $240.0 for Shopify over the last 3 months. The price of SHOP is currently down -0.9% at $66.11. Analysts have mixed opinions, with some upgrading their action to Buy and others downgrading to Outperform or maintaining a Hold rating.

Portfolio Pulse from Benzinga Insights

September 05, 2023 | 2:02 pm

Blackstone Inc (BX) shares are trading higher after the announcement that the company will be added to the S&P 500. The S&P Dow Jones Indices will also add Airbnb and remove Lincoln National and Newell Brands as part of its quarterly rebalance. The changes will become effective prior to the open of trading on Sept. 18. Blackstone shares are up more than 22% over the last three months.

Portfolio Pulse from Adam Eckert

September 05, 2023 | 1:48 pm

MUFG

Mitsubishi UFJ Finl Gr Inc. (NYSE:MUFG) stock has increased by 4.74% over the past month and by 65.92% over the past year. The company's P/E ratio is lower than the aggregate P/E of the Banks industry, which could indicate that the stock is undervalued or that shareholders do not expect future growth. The P/E ratio should be used in conjunction with other financial metrics and qualitative analysis for investment decisions.

Portfolio Pulse from Benzinga Insights

September 05, 2023 | 1:45 pm

JNJ

KVUE

Johnson & Johnson (JNJ) plans to use the proceeds from the recent separation of its consumer-health segment Kenvue Inc (KVUE) to bolster its growth in pharmaceuticals and medical technology. The strategy could include new acquisitions, product enhancements, and a deeper dive into robotics. The divestiture of its Kenvue stake will lead to annual savings of more than $900 million in dividend expenses. JNJ shares are up 0.10% at $160.63.

Portfolio Pulse from Vandana Singh

September 05, 2023 | 1:39 pm

AAPL

NVDA

QQQ

SFTBF

SFTBY

SPY

Nvidia Corp is trading lower in line with the broader indexes. The semiconductor space is active with Arm Ltd eyeing a $50 billion - $54 billion valuation for its U.S. IPO, China launching a war chest against U.S. semiconductor sanctions, and Nvidia CEO meeting with Indian Prime Minister. Nvidia, Apple, and other tech giants are anchor investors in Arm's IPO. China is preparing to launch a new state-backed investment fund for its semiconductor sector, which Nvidia might miss due to U.S. sanctions. Speculations are rife about Nvidia setting up a GPU and AI chip factory in India.

Portfolio Pulse from Anusuya Lahiri

September 05, 2023 | 1:36 pm

APRN

GETY

OCEA

UPTD

VTGN

Potential short squeeze plays have gained attention in 2021 and 2022. High short interest and steep borrowing costs could lead to a short squeeze. Top five short squeeze candidates include Blue Apron Holdings, TradeUp Acquisition Corp, VistaGen Therapeutics, Getty Images Holdings, and Ocean Biomedical. Other stocks to watch include Grove Collaborative Holdings, View Inc, Eagle Bulk Shipping, Wheels Up Experience, and BRC Inc.

Portfolio Pulse from Chris Katje

September 05, 2023 | 1:35 pm

BRC

Brady Corp's shares are trading higher by around 11% after reporting Q4 FY23 results, boosting share repurchases and increasing its quarterly dividend. The company reported a sales growth of 6.8% Y/Y to $345.93 million, beating the consensus of $329.19 million. Adjusted EPS of $1.04 also beat the consensus of $0.90. The company returned $56.4 million and $120.4 million in dividends and share repurchases respectively. The Board of Directors authorized an additional share buyback worth $100 million and approved an increase in the annual dividend to shareholders from $0.92 to $0.94 per share.

Portfolio Pulse from Lekha Gupta

September 05, 2023 | 1:13 pm

ABNB

Airbnb Inc's shares are trading higher after the announcement that the company will be added to the S&P 500 as part of its quarterly rebalance. The changes will be effective prior to the open of trading on Sept. 18. Airbnb shares are up more than 55% year-to-date. The company last reported earnings at the beginning of August, beating expectations on both the top and bottom line.

Portfolio Pulse from Adam Eckert

September 05, 2023 | 1:06 pm

LGHL

Lion Group Holding Ltd. (NASDAQ:LGHL) has announced the launch of its intelligent trading algorithm service 'Phoenix', which is based on AI technology. The service is expected to enhance the core competitiveness of the company's products and become a new driver of Lion's performance growth. The 'Phoenix' system integrates intelligent trading, strategy customization, and margin trading and short selling, and is designed to improve the quality of investment decisions and investment results.

Portfolio Pulse from Happy Mohamed

September 05, 2023 | 1:03 pm