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Stock Prices

Investors have shown mixed sentiment in Blackstone (NYSE:BX) options, with equal bullish and bearish positions. Benzinga's options scanner revealed 10 transactions, with a price target range of $110 to $125. Blackstone, a major asset manager with $1.001 trillion AUM, is currently trading at $120.58, down by -1.44%. Analysts have mixed reviews, with an average target price of $132. The company's earnings release is expected in 16 days.

Portfolio Pulse from Benzinga Insights

January 09, 2024 | 4:16 pm

BMBL

GRND

MTCH

Match Group, Inc (NASDAQ:MTCH) stock is trading higher after Elliott Investment Management acquired a $1 billion stake in the company. Elliott plans to engage with Match Group to discuss strategies for improving performance. Match Group, which owns Tinder, Hinge, OkCupid, and Plenty of Fish, has faced challenges such as a decline in paying users, causing its stock value to dip. Despite this, Match Group has seen revenue growth, with Tinder generating $1.8 billion in 2022. The company remains optimistic about its long-term plans, including Hinge's potential to reach $1 billion in revenue. Match Group's stock outperformed Bumble Inc (NASDAQ:BMBL) and Grindr Inc (NYSE:GRND) last year, losing less value.

Portfolio Pulse from Anusuya Lahiri

January 09, 2024 | 4:16 pm

ACMR

ACM Research shares have seen an uptick following the company's announcement of an increased revenue outlook for the fiscal year 2023.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 4:15 pm

ACCD

Accolade, Inc. shares have risen following the report of their third-quarter earnings. The positive earnings report has likely contributed to investor optimism, driving the stock price up.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 4:13 pm

CUTR

Cutera, Inc. shares have seen an uptick following the announcement of their preliminary financial guidance for FY23, which surpasses previous revenue estimates.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 4:13 pm

AAPL

GOOGL

META

MSFT

NVDA

QQQ

SPY

TSLA

The Market Clubhouse Morning Memo provides daily trade strategies for SPY, QQQ, AAPL, MSFT, META, TSLA, GOOGL, and NVDA, based on a proprietary formula considering price, volume, and options flow. The memo outlines potential support and resistance levels for each asset and suggests monitoring for breakouts or reversals. The session also includes economic data releases and advises traders to watch for volume changes and positioning trades ahead of the CPI announcement.

Portfolio Pulse from RIPS

January 09, 2024 | 4:10 pm

TENB

Tenable Holdings' stock (TENB) is trading higher following an upgrade by Morgan Stanley from Equal-Weight to Overweight, with an increased price target from $46 to $60.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 4:07 pm

LSEA

Landsea Homes Corp (NASDAQ:LSEA) has agreed to acquire Antares Homes for $232.2 million in cash, including the repayment of $47.2 million of Antares debt. This acquisition will expand Landsea's presence in the Dallas-Fort Worth area. The deal is expected to close in early February 2024, with Antares employees joining Landsea post-transaction. Landsea plans to fund the purchase with cash and credit facility borrowings. As of September 30, 2023, Landsea had $389.4 million in total liquidity. LSEA shares dropped 2.30% to $12.30 recently.

Portfolio Pulse from Shivani Kumaresan

January 09, 2024 | 4:06 pm

FTNT

Fortinet (NASDAQ:FTNT) has been rated by 21 analysts in the last three months, with a current average 12-month price target of $59.33, down from the previous $71.85. Ratings range from bullish to indifferent, with no bearish ratings. Recent analyst actions include both raised and lowered price targets and ratings, reflecting changes in market dynamics and company performance. Fortinet's financials show strong revenue growth, net margin, ROE, and ROA, but a high debt-to-equity ratio. The company is a cybersecurity vendor with a broad customer base and subscription-based revenue.

Portfolio Pulse from Benzinga Insights

January 09, 2024 | 4:01 pm

PRCT

PROCEPT BioRobotics (NASDAQ:PRCT) has been analyzed by four analysts, showing a range of opinions from bullish to bearish. The average 12-month price target is $44.5, with a high of $50.00 and a low of $37.00, indicating a slight increase from the previous target of $44.00. Analysts from Wells Fargo and Truist Securities have raised their price targets, while Leerink Partners announced a new target. PROCEPT is a surgical robotics company with a focus on urology, and despite its revenue growth of 72.5%, it faces challenges with a net margin of -70.14% and an ROE of -10.82%.

Portfolio Pulse from Benzinga Insights

January 09, 2024 | 4:00 pm