Streetbeat News

Equity Actions

FCX

A significant investor has taken a bearish stance on Freeport-McMoRan (NYSE:FCX), with 80% of recent trades being bearish. The price target for the company over the last 3 months has been between $25.0 to $42.0. The company's stock price is currently up 0.27% at $40.57. Bernstein and Citigroup have downgraded their ratings to Market Perform and Neutral respectively, while Morgan Stanley maintains an Equal-Weight rating.

Portfolio Pulse from Benzinga Insights

July 18, 2023 | 3:46 pm

PFE

Pfizer, Inc. (NYSE:PFE) and Flagship Pioneering have agreed to invest $100 million in developing ten single-asset programs targeting diseases with limited treatment options. Each company will invest $50 million upfront. Pfizer will fund and have the option to acquire each selected development program. Flagship and its bioplatform companies could receive up to $700 million in milestones and royalties for each successfully commercialized program.

Portfolio Pulse from Nabaparna Bhattacharya

July 18, 2023 | 3:43 pm

AAPL

AMZN

GOOG

META

MSFT

NVDA

TSLA

The Arora Report has highlighted the potential for significant profits in artificial intelligence, citing a 262% profit on a core position in NVIDIA Corp (NASDAQ:NVDA) using billionaire and hedge fund techniques. The report also mentions other 'magnificent seven' stocks including Apple Inc (NASDAQ:AAPL), Amazon (NASDAQ:AMZN), Alphabet Inc Class C (NASDAQ:GOOG), Meta Platforms Inc (NASDAQ:META), Microsoft Corp (NASDAQ:MSFT), and Tesla Inc (NASDAQ:TSLA). The Arora Report offers guidance on using these techniques to maximize profits and minimize risks.

Portfolio Pulse from The Arora Report

July 18, 2023 | 3:33 pm

CLBR

Colombier Acquisition Corporation (NYSE:CLBR) shares are trading higher after the company announced it has received requests to redeem 83% of its total public shares. If all requests are satisfied, 2,963,741 public shares would be outstanding. Colombier will hold a meeting for stockholders to approve the proposed business combination with PSQ Holdings, Inc. CLBR shares are trading on high volume, with more than 1.25 million shares traded on Tuesday.

Portfolio Pulse from Erica Kollmann

July 18, 2023 | 3:31 pm

HLIO

PII

Helios Technologies Inc (NYSE:HLIO) announced the retirement of its CFO, Tricia L. Fulton, who served the company for 26 years. Sean P. Bagan, currently Vice President, Finance – Business Unit CFO for International & Shared Services at Polaris Inc (NYSE:PII), has been appointed as the new CFO. Bagan will assume his new role after Helios' earnings call on August 8. Following the news, HLIO shares traded lower by 0.84% at $64.06.

Portfolio Pulse from Shivani Kumaresan

July 18, 2023 | 3:14 pm

CVM

CEL-SCI Corporation's shares are down by 21.3% after the company priced its public offering of 2.5 million shares at $2.00 per share, expected to generate $5 million. The proceeds will fund the development of Multikine and support general corporate purposes. The closing is scheduled for July 20.

Portfolio Pulse from Henry Khederian

July 18, 2023 | 3:07 pm

IWM

RUN

Sunrun Inc's shares are trading higher, up more than 6% following a strong Monday session. Morgan Stanley analyst Stephen Byrd maintained an 'overweight' rating on the clean-energy company and raised its price target to $39 from $30. The stock is also higher amid overall strength in small-cap stocks, with the iShares Russell 2000 ETF outperforming all major indices.

Portfolio Pulse from Aaron Bry

July 18, 2023 | 3:04 pm

ODD

ODDITY Tech Ltd (NASDAQ:ODD) is set to go public on July 19, with shares expected to be priced between $32.00 and $34.00. The company, which aims to transform the global beauty and wellness market, has an insider lock-up period of 180 days ending on January 15, 2024.

Portfolio Pulse from Benzinga Insights

July 18, 2023 | 3:00 pm

AMD

A significant bullish stance on Advanced Micro Devices (AMD) has been observed, with 13 options trades spotted, split between 53% bullish and 46% bearish. The whales have been targeting a price range from $90.0 to $140.0 for AMD over the last 3 months. Northland Capital Markets, Keybanc, and TD Cowen have given positive ratings with price targets of $150, $160, and $135 respectively, while Mizuho downgraded its action to Buy with a price target of $140.

Portfolio Pulse from Benzinga Insights

July 18, 2023 | 2:16 pm

COST

A significant bullish stance on Costco Wholesale (NASDAQ:COST) has been observed, with unusual options activity. The sentiment among big-money traders is split between 61% bullish and 38% bearish. Whales have been targeting a price range from $410.0 to $600.0 for Costco Wholesale over the last 3 months. Telsey Advisory Group, Baird, and Citigroup have given price targets of $540, $550, and $530 respectively.

Portfolio Pulse from Benzinga Insights

July 18, 2023 | 2:03 pm