Streetbeat News

Equity Actions

DFS

MCO

NVDA

PATH

TWLO

Ark Invest founder Cathie Wood believes that AI technology will extend to most companies, transforming their value proposition. She mentions Nvidia Corp (NVDA) as a good AI trade and Twilio Inc (TWLO) as an investment opportunity due to its low valuation and promising margins. Wood also highlights UiPath Inc (PATH), a company specializing in robotic process automation, for its potential to optimize business workflows. She notes that AI tech is being integrated into multiple industries, including financial institutions like Moody's Corp (MCO) and Discover Financial Services (DFS).

Portfolio Pulse from AJ Fabino

August 29, 2023 | 7:30 pm

AEHR

AVGO

FORM

KLAC

MPWR

Semiconductor and chip stocks are experiencing an increase in their trading values due to the overall strength in the tech sector and continued volatility in AI-related sectors.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2023 | 7:24 pm

MULN

Mullen Automotive Inc. (NASDAQ:MULN) has announced an update on its stock buyback program, with an additional repurchase of 2 million shares of its common stock. The program, which started on Aug. 16, 2023, can continue through Dec. 31, 2023. So far, the company has repurchased $5,610,600 in shares, including the new purchases. The company's Board of Directors authorized the buyback program, which allows for the purchase of up to $25 million in shares until the end of 2023.

Portfolio Pulse from Happy Mohamed

August 29, 2023 | 7:05 pm

OXY

A significant bearish stance has been taken on Occidental Petroleum (NYSE:OXY) by a large investor, as observed in the unusual options activity. The sentiment among these big-money traders is split between 46% bullish and 53% bearish. The whales have been targeting a price range from $57.5 to $75.0 for Occidental Petroleum over the last 3 months. Several experts have downgraded their ratings on OXY, with price targets ranging from $60 to $80.

Portfolio Pulse from Benzinga Insights

August 29, 2023 | 7:01 pm

UNH

A significant bullish stance has been taken on UnitedHealth Group (NYSE:UNH) as indicated by unusual options activity. The sentiment among these big-money traders is split between 63% bullish and 36% bearish. The whales have been targeting a price range from $300.0 to $540.0 for UnitedHealth Group over the last 3 months. Stephens & Co. has downgraded its action to Overweight with a price target of $560.

Portfolio Pulse from Benzinga Insights

August 29, 2023 | 6:16 pm

UBER

A significant bearish stance has been taken on Uber Technologies (NYSE:UBER) by a large investor or institution, as indicated by unusual options activity. The overall sentiment of these big-money traders is split between 36% bullish and 63% bearish. Whales have been targeting a price range from $40.0 to $60.0 for Uber over the last 3 months. RBC Capital, Truist Securities, and Bernstein have maintained their positive ratings on Uber, while Morgan Stanley and DA Davidson have downgraded their actions.

Portfolio Pulse from Benzinga Insights

August 29, 2023 | 6:16 pm

SPOT

A significant amount of unusual options activity has been detected for Spotify Technology (NYSE:SPOT), with a mix of bullish and bearish stances. Of the 17 strange trades detected, 47% were bullish and 52% were bearish. The trades included 4 puts totaling $231,370 and 13 calls totaling $1,042,900. Whales have been targeting a price range from $135.0 to $165.0 for Spotify over the last 3 months. Morgan Stanley has downgraded its action to Overweight with a price target of $185.

Portfolio Pulse from Benzinga Insights

August 29, 2023 | 6:01 pm

NEE

NEP

Raymond James analyst Pavel Molchanov has upgraded NextEra Energy Partners LP (NEP) to Outperform from Market Perform, with a price target of $60. The analyst is bullish on NEP's blue-chip status and favorable cost of capital. He also believes that NEP's consolidation into parent company NextEra Energy Inc (NEE) could boost its share price.

Portfolio Pulse from Lekha Gupta

August 29, 2023 | 5:51 pm

TMUS

Citigroup analyst Michael Rollins upgraded Verizon Communications Inc (VZ) and AT&T Inc (T) from Neutral to Buy, raising the price target for VZ from $39 to $40 and setting a $17 price target for T. Rollins sees a more constructive investment case for large-cap Telcos and anticipates positive catalysts such as updates on lead exposure and evidence of a stabilizing wireless competitive landscape. He still prefers T-Mobile US, Inc (TMUS) as his top-ranked pick.

Portfolio Pulse from Anusuya Lahiri

August 29, 2023 | 5:50 pm

RCL

Unusual options activity has been observed for Royal Caribbean Gr (NYSE:RCL), with a large position indicating a bullish stance. The overall sentiment of these big-money traders is split between 64% bullish and 35% bearish. The price of RCL is up 2.25% at $100.53. Morgan Stanley has maintained their Equal-Weight rating on Royal Caribbean Gr, with a price target of $100.

Portfolio Pulse from Benzinga Insights

August 29, 2023 | 5:45 pm