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Stock Prices

RIVN

Rivian Automotive Inc's shares are trading lower by 3.37% and have declined by 35% in October due to weakness in the EV industry, influenced by Tesla's disappointing Q3 results, rising Treasury yields, and Rivian's pricing of $1.5 billion in green convertible senior notes. The issuance of these notes has increased Rivian's debt burden, potentially impacting its creditworthiness and profitability. The notes offer a 3.625% annual interest rate, are convertible under specific conditions, and the proceeds will be used for environmentally friendly projects.

Portfolio Pulse from Henry Khederian

October 30, 2023 | 6:49 pm

VMW

A significant bearish stance has been taken on VMware (NYSE:VMW) by a large investor, as indicated by unusual options activity. The overall sentiment of these big-money traders is split between 43% bullish and 56% bearish. Out of the special options, 13 are puts, for a total amount of $505,700, and 3 are calls, for a total amount of $90,125. The price range targeted by these investors for VMware over the last 3 months is from $100.0 to $165.0.

Portfolio Pulse from Benzinga Insights

October 30, 2023 | 6:45 pm

COF

A significant investor has taken a bearish stance on Capital One Financial (NYSE:COF), with 80% of recent trades being bearish. The targeted price range for COF over the last 3 months has been $75.0 to $120.0. Analysts from Morgan Stanley, JP Morgan, Citigroup, Piper Sandler, and HSBC have given varied ratings and price targets for COF. The stock is currently trading at $98.7, up 0.98%.

Portfolio Pulse from Benzinga Insights

October 30, 2023 | 6:45 pm

EIS

ELALF

IZRL

QQQ

SPY

The Israeli Defense Forces and Shin Bet security agency have successfully rescued a soldier captured by Hamas. Israeli Prime Minister Benjamin Netanyahu has rejected the idea of a ceasefire. U.S. Senate Minority Leader Mitch McConnell is advocating for combined aid for Ukraine and Israel, despite House GOP efforts to pursue a separate Israel aid package offset by budget cuts. El Al Israel Airlines Ltd. (OTCPK: ELALF) has altered its flight routes to southeast Asia, extending flight durations. The Israeli shekel rose 1.2% and the iShares MSCI Israel ETF (NYSE:EIS) rallied 4.1%. Cathie Wood’s ARK Israel Innovative Technology ETF (NYSE:IZRL) rose 1.6%. U.S. stocks also saw gains, with the SPDR S&P 500 ETF Trust (NYSE:SPY) and the Invesco QQQ Trust (NASDAQ:QQQ) up 1.1%.

Portfolio Pulse from Piero Cingari

October 30, 2023 | 6:45 pm

LRCX

Unusual options activity has been observed for Lam Research (NASDAQ:LRCX), with a bearish stance taken by a large investor. The overall sentiment of these big-money traders is split between 39% bullish and 60% bearish. The price of LRCX is down -0.48% at $581.24. Analysts from B. Riley Securities, UBS, JP Morgan, and Needham have maintained their ratings on Lam Research, with price targets ranging from $700 to $800.

Portfolio Pulse from Benzinga Insights

October 30, 2023 | 6:45 pm

CSCO

Raymond James analyst Simon Leopold has downgraded Cisco Systems Inc (NASDAQ:CSCO) to Market Perform from Outperform, citing concerns over declining campus application sales and the pending $28 billion Splunk acquisition. The analyst anticipates a worse-than-seasonal sales decline in Cisco's January quarter and sees restrained IT spending due to a sluggish macroeconomic environment and higher interest rates. However, he sees AI as an emerging tailwind for the company's multi-year growth.

Portfolio Pulse from Lekha Gupta

October 30, 2023 | 6:37 pm

BMY

A significant bearish stance has been taken on Bristol-Myers Squibb (NYSE:BMY) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is 75% bearish and 25% bullish. The whales have been targeting a price range from $30.0 to $57.5 for Bristol-Myers Squibb over the last 3 months. The price of BMY is currently up 1.18% at $51.62.

Portfolio Pulse from Benzinga Insights

October 30, 2023 | 6:30 pm

FCX

Freeport-McMoRan (NYSE:FCX) has outperformed the market over the past 5 years by 14.08% on an annualized basis, producing an average annual return of 22.92%. If an investor had bought $1000 of FCX stock 5 years ago, it would be worth $2,796.82 today.

Portfolio Pulse from Benzinga Insights

October 30, 2023 | 6:30 pm

GD

General Dynamics (NYSE:GD) has outperformed the market over the past 20 years by 2.05% on an annualized basis, producing an average annual return of 9.09%. If an investor had bought $100 of GD stock 20 years ago, it would be worth $571.06 today.

Portfolio Pulse from Benzinga Insights

October 30, 2023 | 6:30 pm

AMZN

DDOG

GOOG

GOOGL

MSFT

Baird analyst William Power downgraded Datadog Inc (DDOG) from Outperform to Neutral and lowered the price target from $100 to $84. Power cited optimization challenges and overly high growth expectations for 2024 as reasons for the downgrade. He also noted mixed comments from hyperscalers like Amazon (AMZN), Microsoft (MSFT), and Alphabet (GOOG, GOOGL). DDOG shares traded lower by 1.40% at $80.54.

Portfolio Pulse from Anusuya Lahiri

October 30, 2023 | 6:29 pm