Streetbeat News

Equity Actions

A significant number of investors have taken a bearish stance on Deere (NYSE:DE), with 55% of the investors opening trades with bearish expectations. The whales have been targeting a price range from $380.0 to $480.0 for Deere over the last 3 months. BMO Capital has maintained their Market Perform rating on Deere, with a price target of $425, while Canaccord Genuity downgraded its action to Buy with a price target of $530.

Portfolio Pulse from Benzinga Insights

July 03, 2023 | 5:33 pm

COST

A significant investor has taken a bearish stance on Costco Wholesale (NASDAQ:COST), with 60% of recent trades being bearish and 40% bullish. The trades range from $400.0 to $630.0. The current price of COST is $541.04, up 0.49%. Telsey Advisory Group, Oppenheimer, and Tigress Financial have given price targets of $540, $575, and $635 respectively.

Portfolio Pulse from Benzinga Insights

July 03, 2023 | 5:33 pm

AAPL

AMZN

COST

LOW

PEP

WMT

Apple Inc (AAPL) has surpassed the $3 trillion market capitalization mark for the second time, making it worth more than the combined value of five leading US retailers and two beverage giants. These include Amazon.com, Inc. (AMZN), Walmart Inc (WMT), Home Depot Inc (HD), Costco Wholesale Corporation (COST), Lowe’s Companies inc (LOW), Coca-Cola Co (KO), and PepsiCo, Inc. (PEP). Apple's stock has risen 54% in the first half of 2023 and is expected to continue performing well in the second half.

Portfolio Pulse from Chris Katje

July 03, 2023 | 5:23 pm

PFE

A significant bullish stance has been taken on Pfizer (NYSE:PFE) as evidenced by unusual options activity. The sentiment among these big-money traders is split between 70% bullish and 30% bearish. The whales have been targeting a price range from $30.0 to $43.0 for Pfizer over the last 3 months. Analysts from Cantor Fitzgerald and Credit Suisse have downgraded their actions on Pfizer with price targets of $75 and $40 respectively.

Portfolio Pulse from Benzinga Insights

July 03, 2023 | 5:03 pm

URI

A significant bullish stance has been taken on United Rentals (NYSE:URI) as evidenced 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 $480.0 for United Rentals over the last 3 months. Morgan Stanley has downgraded its action to Equal-Weight with a price target of $428.

Portfolio Pulse from Benzinga Insights

July 03, 2023 | 4:33 pm

ATTO

CGC

ENSC

PLM

TTCF

XXII

U.S. stocks traded mixed with the Nasdaq Composite trading lower. The ISM manufacturing PMI in the U.S. declined to 46 in June from 46.9 in the prior month. Ensysce Biosciences, PolyMet Mining Corp., and Canopy Growth Corporation saw their shares rise, while Atento S.A., Tattooed Chef, Inc., and 22nd Century Group, Inc. saw their shares fall.

Portfolio Pulse from Lisa Levin

July 03, 2023 | 4:15 pm

EBAY

PYPL

Grant Cardone, a self-made millionaire and founder of Cardone Capital, shared his financial strategies, including not rushing to diversify investments, using debt for businesses not individuals, investing in cash-flow real estate, buying in bulk, investing in networks, never being content, and not wasting time doing everything yourself. He mentioned Elon Musk's investment of his entire $22 million from selling Zip2 into X.com, and later diversifying after gaining wealth from PayPal's sale to eBay.

Portfolio Pulse from AJ Fabino

July 03, 2023 | 3:48 pm

CMG

A significant bearish stance has been taken on Chipotle Mexican Grill (NYSE:CMG) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is split between 23% bullish and 76% bearish. The whales have been targeting a price range from $1920.0 to $2550.0 for Chipotle over the last 3 months. Analysts have mixed opinions, with TD Cowen and Piper Sandler downgrading their ratings, while Wedbush, Keybanc, and Raymond James maintain their positive outlook.

Portfolio Pulse from Benzinga Insights

July 03, 2023 | 3:47 pm

UBER

A significant investor has taken a bearish stance on Uber Technologies (NYSE:UBER), with 52% of the investors opening trades with bearish expectations. Whales have been targeting a price range from $35.0 to $50.0 for Uber over the last 3 months. The price of UBER is up 0.39% at $43.34. Truist Securities maintains their Buy rating on Uber with a price target of $63, while Wedbush, Daiwa Capital, Mizuho, and Wells Fargo have downgraded their actions with price targets ranging from $46 to $55.

Portfolio Pulse from Benzinga Insights

July 03, 2023 | 3:47 pm

CWST

GFL

Casella Waste Systems, Inc (NASDAQ:CWST) has completed the acquisition of the Pennsylvania, Delaware, and Maryland collection, transfer, and recycling operations of GFL Environmental Inc. (NYSE:GFL) for approximately $525 million. The deal was funded through a new $430 million term loan and proceeds from an equity offering. The acquisition is expected to generate annualized revenues of about $185 million and boost Casella's growth opportunities.

Portfolio Pulse from Shivani Kumaresan

July 03, 2023 | 3:44 pm