Streetbeat News

Stock Prices

HBAN

IAT

KRE

Huntington Bancshares Incorporated (NASDAQ:HBAN) received a bullish upgrade from BofA Securities analyst Ebrahim H. Poonawala, who raised the stock to Buy from Neutral and increased the price target to $16 from $14. The upgrade is based on the company's strong positioning to navigate various macroeconomic outcomes, expected acceleration in revenue growth into 2025, and potential for net interest income to remain flat in FY24. The analyst also revised EPS estimates upwards for FY24-FY26 due to higher NII. HBAN shares are up 2.83% at $13.98. Investors can also gain exposure through IShares U.S. Regional Banks ETF (NYSE:IAT) and SPDR S&P Regional Banking ETF (NYSE:KRE).

Portfolio Pulse from Lekha Gupta

April 08, 2024 | 5:46 pm

AVGO

Broadcom (NASDAQ:AVGO) has seen a mix of bullish and bearish sentiment among big money investors, with a tilt towards bearishness in recent options trading. Despite this, analysts have varied opinions on the stock, with price targets ranging from $1405 to $1700. The stock is currently down slightly, with potential indicators of being overbought. Options trading suggests a wide price range prediction for Broadcom, indicating significant volatility and interest in the stock.

Portfolio Pulse from Benzinga Insights

April 08, 2024 | 5:46 pm

WDAY

Workday (NASDAQ:WDAY) has seen unusual options activity, with a bearish sentiment prevailing among financial giants. Analysis of options trades revealed a mix of bullish and bearish positions, with a focus on a price band between $260.0 and $320.0. Significant trades include both calls and puts with varying sentiments and strike prices. Workday, a cloud software company, has a current stock price of $265.59, down by -1.02%, and its next earnings report is due in 45 days.

Portfolio Pulse from Benzinga Insights

April 08, 2024 | 5:46 pm

ADBE

Recent unusual options activity in Adobe (NASDAQ:ADBE) indicates a predominantly bearish sentiment among big-money traders, with a notable volume of puts over calls. The activity suggests expectations of price movements between $370.0 and $630.0. Current trading volume and a slight price drop are observed, alongside mixed analyst ratings with an average target price of $597.0.

Portfolio Pulse from Benzinga Insights

April 08, 2024 | 5:46 pm

GBX

Stephens analyst Justin Long has reiterated an Overweight rating on Greenbrier Companies Inc (NYSE:GBX) and increased the price target from $62 to $65, following a fiscal 2Q24 earnings beat. The beat was attributed to higher-than-expected gains on sale and a lower-than-anticipated tax rate. Adjusted EPS estimates for FY24 and FY25 were raised. The analyst highlighted Greenbrier's potential for margin improvement, increased production levels, and enhanced production visibility into FY25. The company's efforts in doubling recurring revenue in the leasing & management services segment and the recent improvement in new railcar orders were also noted positively. GBX shares rose 3.16% to $54.84.

Portfolio Pulse from Shivani Kumaresan

April 08, 2024 | 5:39 pm

ULTA

Goldman Sachs analyst Kate McShane maintained a Neutral rating on Ulta Beauty Inc (NASDAQ:ULTA) but lowered the price target from $607 to $605, citing slowing trends in the beauty industry and challenges in maintaining market share in the prestige segment. The analyst observed flat sales growth, consistent transaction values, and a slight decrease in mass segment sales. Despite ULTA's strong loyalty program, the company faces tough comparisons and a potential slowdown in the beauty industry, leading to lowered estimates for Q1 comp growth, FY24 comp growth, EBIT margin, and EPS.

Portfolio Pulse from Shivani Kumaresan

April 08, 2024 | 5:37 pm

ASPS

LUXH

LuxUrban Hotels Inc. and Altisource Portfolio Solutions S.A. are highlighted as the top 2 oversold real estate stocks, presenting a buying opportunity. LuxUrban's preliminary Q4 revenue was below estimates, but it saw significant growth in its portfolio and financials, while Altisource reported a narrower-than-expected quarterly loss and is strengthening its financial position despite market challenges.

Portfolio Pulse from Avi Kapoor

April 08, 2024 | 5:37 pm

AMZN

BABA

CPS

DNUT

HAS

PDD

PLCE

RIVN

TSLA

Today's session highlighted significant options activity for 10 consumer discretionary stocks, indicating potential trading opportunities based on whale alerts. These alerts track large transactions and can signal shifts in market sentiment. The stocks involved include TSLA, JD, BABA, HAS, PDD, RIVN, PLCE, DNUT, CPS, and AMZN, with various bullish and bearish sentiments expressed through call and put options across different expiration dates and strike prices.

Portfolio Pulse from Benzinga Insights

April 08, 2024 | 5:35 pm

AMRK

AXP

BAC

COIN

FOUR

HOOD

SOFI

WFC

Today's session highlighted significant options activity in the Financials sector, with notable trades in stocks like NU, FOUR, WFC, AMRK, BAC, BX, COIN, HOOD, AXP, and SOFI. The activity ranged from bullish to bearish sentiments, involving both put and call options with varying expiration dates and strike prices. This could indicate potential trading opportunities based on the whales' movements.

Portfolio Pulse from Benzinga Insights

April 08, 2024 | 5:35 pm

AAPL

AMD

APP

MRVL

MSTR

NVDA

SMCI

TSM

Today's whale activity in the Information Technology sector highlighted unusual options trading for several companies, including AMD, NVDA, TSM, MU, MRVL, APP, AAPL, SMCI, MSTR, and AI. The trades varied in sentiment, with some bullish and others bearish, and involved significant total trade prices. This activity could indicate potential trading opportunities based on the whales' movements.

Portfolio Pulse from Benzinga Insights

April 08, 2024 | 5:35 pm