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Equity Actions

OPFI

OppFi Inc. has updated its FY23 guidance, expecting EPS of $0.34-$0.41, up from the previous range of $0.28-$0.35, and revenue of $500M-$520M, indicating a 10%-15% YoY growth. The company also raised its adjusted net income forecast to $29M-$35M from the previous $24M-$30M.

Portfolio Pulse from Happy Mohamed

August 09, 2023 | 8:22 pm

MRVL

A whale investor has taken a bullish stance on Marvell Tech (NASDAQ:MRVL), with 50% of investors opening trades with bullish expectations and 50% with bearish. The whale has been targeting a price range from $55.0 to $75.0 for Marvell Tech over the last 3 months. The price of MRVL is currently down -3.26% at $59.94. Wolfe Research downgraded its action to Outperform with a price target of $80, while Barclays, Keybanc, and Stifel maintained their positive ratings with a price target of $75-$80.

Portfolio Pulse from Benzinga Insights

August 09, 2023 | 8:16 pm

JNJ

A significant bearish stance has been taken on Johnson & Johnson (NYSE:JNJ) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is split between 29% bullish and 70% bearish. The whales have been targeting a price range from $155.0 to $210.0 for Johnson & Johnson over the last 3 months. Barclays and Morgan Stanley have maintained their Equal-Weight rating on Johnson & Johnson, with price targets of $175 and $187 respectively, while Cantor Fitzgerald has downgraded its action to Overweight with a price target of $215.

Portfolio Pulse from Benzinga Insights

August 09, 2023 | 7:46 pm

AMC

AMC Entertainment Holdings, Inc reported Q2 revenues of $1.35 billion, surpassing the estimated $1.29 billion. The company's EBITDA reached $183 million, resulting in a 13.5% margin, exceeding expectations. AMC's total revenue only decreased by about 10% compared to Q2FY19, despite the overall industry box office being down 18% from 2019. The company is exploring opportunities to enhance its concessions offerings and is open to issuing additional common shares to enhance liquidity further.

Portfolio Pulse from Anusuya Lahiri

August 09, 2023 | 7:18 pm

BTCUSD

ETHUSD

Gracy Chen, Managing Director at Bitget, provides advice for crypto startups seeking funding in 2023. She emphasizes the importance of timing, setting realistic targets, having a clear path to profitability, and finding a supportive VC. She also mentions the cyclical nature of the crypto industry and the increasing focus on profitability over growth. She cites Bitcoin (BTC) and Ethereum (ETH) as examples of crypto projects that have relied on funding.

Portfolio Pulse from Gracy Chen

August 09, 2023 | 6:53 pm

NDAQ

The New York Stock Exchange (NYSE) and Nasdaq Inc (NASDAQ:NDAQ) are competing for new stock listings, indicating a revival of the IPO market. Nasdaq has secured listings for Instacart and Arm, while NYSE has secured Klaviyo and Birkenstock. The competition between the two exchanges is a significant indicator for investors, suggesting a potential influx of IPOs and a shift in the investment landscape.

Portfolio Pulse from AJ Fabino

August 09, 2023 | 6:47 pm

ROP

Roper Techs Inc.'s stock has increased by 3.25% over the past month and by 13.53% over the past year. The company's P/E ratio of 44.95 is lower than the Software industry's aggregate P/E ratio of 304.89, which could indicate that the stock is undervalued or that shareholders do not expect the stock to perform better in the future.

Portfolio Pulse from Benzinga Insights

August 09, 2023 | 6:45 pm

SE

A whale investor has taken a bullish stance on Sea (NYSE:SE), with 50% of investors opening trades with bullish expectations and 50% with bearish. The total amount for puts is $312,165 and for calls is $129,575. Whales have been targeting a price range from $53.0 to $70.0 for Sea over the last 3 months. The price of SE is down -1.77% at $56.31. UBS upgraded its action to Buy with a price target of $86.

Portfolio Pulse from Benzinga Insights

August 09, 2023 | 6:17 pm

BNTC

Benitec Biopharma has announced a $30 million public offering of 15,544,041 shares of its common stock and accompanying warrants at $1.93 per share. This has led to a rise in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 5:50 pm

META

NEE

A retail trader used an AI-based options flow tool to make an 87% profit on NextEra Energy Inc. (NEE) in a few hours. The tool helped identify a breakdown in NEE's chart support and resistance, leading to a successful PUT option trade. The article also discusses how options flow can help retail traders make informed decisions, using the example of META (NASDAQ:META).

Portfolio Pulse from Sandra Stone

August 09, 2023 | 5:21 pm